One thing that is important to understand is that the income tax only makes up about 50% of federal revenue. The next major source of revenue? Payroll tax. Income tax is a progressive tax. Payroll tax is definitely not progressive.
According to this source [1] in Fiscal Year 2016 income tax made 47.3% of federal revenue and payroll tax accounted for 34.1%.
I don't know what the exact numbers are if you take both taxes into account, but I do know that the headline [2] is at best grossly misleading because so many people are going to forget about payroll taxes.
According to this source [1] in Fiscal Year 2016 income tax made 47.3% of federal revenue and payroll tax accounted for 34.1%.
I don't know what the exact numbers are if you take both taxes into account, but I do know that the headline [2] is at best grossly misleading because so many people are going to forget about payroll taxes.
[1] https://www.taxpolicycenter.org/briefing-book/what-are-sourc...
[2] "Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016"