Table x: Combined national and local rates of tax on corporate income
 


Country
2000
2005
2012
Percent Change 2000-2005
Ireland 24.0
12.5

-47.9
Hungary 18.0
16.0
-11.1
Poland 28.0 19.0
-32.1
Slovakia 29.0
19.0
-34.5
Canada

27.6
Mexico

30.0
UK
30.0
30.0

0.0
Netherlands
35.0
31.5

-10.0
Belgium 40.2 34.0
-15.4
France 37.8 34.3 34.4
-9.3
Italy 41.2 37.2
-9.7
Germany 52.0 38.3 / 32.0
30.2
-26.3 / -38.5
Japan 40.9 40.9 35.0 0.0
US 39.2 39.2
39.2 0.0
OECD Average


25.0
0.0

Source: KPMG, OECD, Wall St. Journal, Tuesday March 22, 2005, p. A14.


Who's Paying Taxes? 1999

 
 Percentiles
Total Share of Adjusted Gross Income
% of Federal Personal Income Tax
Income
Top 1%
19.5%
36.2%
 
Top 5%
34.0%
55.5%
 
Top 10%
44.9%
66.5%
 
Top 25%
66.5%
83.5%
$52,569
Top 50%
86.8%
96.0%
$26,415
Bottom 50%
13.2%
4.0%
 
Source: IRS, 1999 data, ranked by adjusted gross income.



Who's Paying Taxes? 2009

 
 Percentiles
Total Share of Adjusted Gross Income
% of Federal Personal Income Tax
% of FPIT you think this group should pay
Top 1%
21.20%
39.38%
 
Top 5%
35.75%
59.67%
 
Top 10%
46.44%
70.30%
 
Top 25%
67.52%
85.99%

Top 50%
87.15%
96.93%

Bottom 50%
12.83%
3.07%
 
Source: IRS, 2009 data, ranked by adjusted gross income.


2008
 Percentiles
Total Share of Adjusted Gross Income
% of Federal Personal Income Tax
Income Threshold
Top 1%
20.0%
38.0%
$380,354
Top 5%
34.7%
58.7%
$159,619
Top 10%
45.8%
69.9%
$113,799
Top 25%
67.4%
86.3%
$67,280
Top 50%
87.3%
97.3%
>$33,048
Bottom 50%
12.7%
2.7%
 < $33,048
Source: Tax Foundation, Fiscal Facts: Summary of Latest Federal Income Tax Data, Oct. 6, 2010.


2010
 Percentiles
Total Share of Adjusted Gross Income
% of Federal Personal Income Tax
Income Threshold
Top 1%
18.9%
37.4%
$369,691
Top 5%
33.8%
59.1%
$161,579
Top 10%
45.2%
70.6%
$116,623
Top 25%
67.6%
87.1%
$69,126
Top 50%
88.3%
97.6%
>$34,338
Bottom 50%
11.7%
2.4%
 < $34,338
Source: McBride, William. "Summary of Latest Federal Income Tax Data", Tax Foundation. Nov. 29, 2012.


2012
 Percentiles
Total Share of Adjusted Gross Income
% of Federal Personal Income Tax
Income Threshold
Top 1%
21.9%
38.1%
$434,682
Top 5%
36.8%
58.9%
$175,817
Top 10%
47.9%
70.2%
$125,195
Top 25%
69.3%
86.4%
$73,354
Top 50%
88.9%
97.2%
>$36,055
Bottom 50%
11.1%
2.8%
 < $36,055
Source: Pomerleau, Kyle and Andrew Lundeen. "Summary of Latest Federal Income Tax Data", Tax Foundation, Dec. 22, 2014.


Common Mistakes
    Overstate share of income:            
    Underestimate share of tax paid
    Believe that rich are paying lower percentage than they did 10 years ago.