Figure 5
Income tax accounts for a higher percentage of tax revenue from those earning more: Components of federal taxes, by income group, as a percentage of GDP, 2014
| Year | Individual Income Tax | Payroll Taxes | Corporate Income Tax | Excise Taxes |
|---|---|---|---|---|
| Lowest quintile | -0.3% | 0.3% | 0.0% | 0.1% |
| Second quintile | -0.1% | 0.5% | 0.1% | 0.1% |
| Middle quintile | 0.3% | 0.9% | 0.1% | 0.1% |
| Fourth quintile | 0.9% | 1.4% | 0.2% | 0.1% |
| 81st to 90th percentiles | 1.0% | 1.0% | 0.2% | 0.1% |
| 91st to 95th percentiles | 0.9% | 0.7% | 0.2% | 0.0% |
| 96th to 99th percentiles | 1.6% | 0.7% | 0.3% | 0.0% |
| Top 1 percent | 2.9% | 0.3% | 0.9% | 0.0% |
Source: Congressional Budget Office (2018); Bureau of Economic Analysis National Income and Product Accounts (NIPA) public data series
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