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| The latest data from the IRS and the Tax Foundation shows the following breakdown for tax distributions:The Top 1%: This group accounts for about 22% of total Adjusted Gross Income (AGI) but pays around 38% to 40% of all federal individual income taxes.
The Top 10%: Earners in this tier pay approximately 70% to 72% of total income tax revenue.
The Top 50%: Collectively, taxpayers in the top half of all earners pay over 96% to 97% of all federal income taxes.
Corporations pay about 8.7% to 9% of all U.S. federal revenue.
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This is not sustainable.
