An independent look at America’s finances.Public data. Open methodology.
spending.wtf
THE REVENUE SIDE / IRS STATISTICS OF INCOME

Who paysthe bill?

Follow federal income taxes through income groups, filing addresses, and public-company reports. Every number has a scope. Every scope has a limit.

23 tax years by income50 + DC state comparisons27,588 published ZIP codes
01 / THE DISTRIBUTION

One percent of returns.
38.4% of income tax.

Tax year 2023 · IRS total individual income tax · excludes dependent returns

SELECTED / 2023

Top 1%

$823.41B

IRS total individual income tax

Share of total AGI
20.6%
Average income tax / AGI
26.3%
Top 1% entry AGI
$675,602.00

Groups do not overlap. Average rates divide tax by AGI; they are not marginal tax brackets. Published amounts are sample estimates.

Top 1%: a 23-year view

Share of total individual income tax · 2001–2023

0.0%12.8%25.6%38.5%51.3%2001200520092013201720212023
PercentMove across the chart to inspect
200120232023
Exact annual observations for Top 1%
Tax yearIncome tax (USD)Share of income taxShare of AGIAverage tax / AGI
2001293,968,000,00033.2%17.4%27.6%
2002262,820,000,00033.1%16.1%27.4%
2003251,146,000,00033.7%16.7%24.4%
2004300,802,000,00036.3%19.0%23.5%
2005361,264,000,00038.8%21.2%23.1%
2006401,610,000,00039.4%22.1%22.8%
2007442,633,000,00039.8%22.9%22.5%
2008385,857,000,00037.5%20.2%23.3%
2009313,826,000,00036.3%17.2%24.1%
2010354,810,000,00037.4%18.9%23.4%
2011365,518,000,00035.1%18.7%23.5%
2012451,328,000,00038.1%21.9%22.8%
2013465,705,000,00037.8%19.0%27.1%
2014542,640,000,00039.5%20.6%27.2%
2015567,697,000,00039.0%20.7%27.1%
2016538,257,000,00037.3%19.7%26.9%
2017615,979,000,00038.5%21.0%26.8%
2018615,716,000,00040.1%20.9%25.4%
2019612,027,000,00038.8%20.1%25.6%
2020722,732,000,00042.3%22.2%26.0%
20211,004,063,000,00045.8%26.3%25.9%
2022863,631,000,00040.4%22.4%26.1%
2023823,411,000,00038.4%20.6%26.3%

Source: IRS Table 4.1, tax years 2001–2023 · Published March 2026. IRS sample estimates; excludes dependent returns. Total income tax includes net investment income tax, excludes refundable portions of credits, payroll, state and local taxes. AGI is not wealth.

A CLEAR ANSWER / FOLLOW THE SOURCE

What share of individual income tax did the top 1% pay in 2023?

The top 1% of returns by adjusted gross income accounted for approximately 38.4% of IRS total individual income tax in tax year 2023. This excludes dependent returns and is not a share of all federal, state and local taxes.

Source & context ↗