{"id":333149,"date":"2010-02-17T19:02:35","date_gmt":"2010-02-18T00:02:35","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/17\/a-look-at-the-tax-returns-of-the-top-400-taxpayers\/"},"modified":"2010-02-17T19:02:35","modified_gmt":"2010-02-18T00:02:35","slug":"a-look-at-the-tax-returns-of-the-top-400-taxpayers","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/333149","title":{"rendered":"A Look at the Tax Returns of the Top 400 Taxpayers"},"content":{"rendered":"

The top 400 U.S. individual taxpayers got 1.59% of the nation\u0092s household income in 2007, according to their tax returns, three times the slice they got\u00a0in the 1990s, according to the Internal Revenue Service<\/a>.\u00a0 They paid 2.05% of all individual income taxes in that year.<\/p>\n

In its annual update of the taxes paid by the 400 best-off taxpayers, who aren\u0092t identified, the IRS also said that only 220 of the top 400 were in the top\u00a0marginal tax bracket. The 400 best-off taxpayers paid an average tax rate of 16.6%, lower than in any year since the IRS began making the reports in 1992.<\/p>\n

To make the top 400, a taxpayer had to have income of more than $138.8 million. As a group, the top 400 reported $137.9 billion\u00a0in income, and paid $22.9 billion in federal income taxes.<\/p>\n

About 81.3% of the income of the top 400 households came in the form of capital gains, dividends or interest, the IRS data show. Only 6.5% came in the form of salaries and wages.<\/p>\n

Over the\u00a0 past 16 tax years 3,472 different taxpayers showed up in the top 400 at least once. Of these taxpayers, a little
\nmore than 27% appear more than once. In any given year,\u00a0 about 40% percent of the top-400 returns were filed by taxpayers who weren\u0092t in that exclusive club in any of the 15 years .<\/p>\n

In all, the IRS received nearly 143 million individual tax returns for 2007, the year that ended with the onset of the worst recession in decades.<\/p>\n

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The top 400 U.S. individual taxpayers got 1.59% of the nation\u0092s household income in 2007, according to their tax returns, three times the slice they got\u00a0in the 1990s, according to the Internal Revenue Service.\u00a0 They paid 2.05% of all individual income taxes in that year. In its annual update of the taxes paid by the […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-333149","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/333149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=333149"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/333149\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=333149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=333149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=333149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}