Tax data is due to be published for 2008. The first post recession data.
Just to remind us all.
35 million Taxpayers pay $965 Billion. That's 86% of all Federal income taxes raised. About 11% of the population. 1 tax filer in 4. That's the group with adjusted gross incomes greater than $161,000.
The other 75% of tax returns contribute about only about another $105 Billion.
This is Tax Foundation data from 2007.
Accurate Reality: We cannot sustain a government this big on the wealth creating efforts of so few.
I'll update this again when this great organization analyzes the 2008 data.