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In 2008, the top 10% pay 69.94% of America's tax burden.
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∙ 13y ago
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What is 1.8 percent into a fraction?
To convert from a percentage into a fraction, divide the percentage by 100. Since this makes a fraction with a fractional numerator, (1.8 / 100) you should multiply both the top (the numerator) and bottom (the denominator) of the fraction by 5, to make both of the numbers in the fraction equal whole numbers. In this case, the fraction is equal to 9 / 500 or nine five-hundredths.
What is the percent of 18 out of 60?
18 out of 60 is 30%. Calculating percentage requires division, and you want the denominator (the bottom number in the fraction) to be 100. When you say 18 out of 60, you are really saying 18 divided by 60. We want to change this fraction so that the 60 is 100. 18/60 is the same as 9/30, which is 3/10, which is 30/100. The number on top of the 100 is the percentage.
What is a 120 IQ score as a percent?
It represents an IQ in the top 10 percentile (approximately).
How do you turn a fraction into a decimal and a decimal in to a percent?
You turn a fraction into a decimal by dividing the top number by the bottom. And you turn a decimal into a percent by multiplying the decimal by 100.
What is the equivalent percentage for 3 out of 5?
3 out of five can be written as 3/5. To find the equivalent percentage, divide the top number by the bottom number, move the decimal point to the right 2 places and you will have the percent equivalent: 3 ÷ 5 = .6, then move the decimal 2 places to the right = 60% Also, girls vivi's are gonna get sucked really good, and then hand stucked up.
What percentage of the US population pays the most taxes?
The top 5% of earners pay 93% of all taxes
Do professionals have to pay taxes?
Professional whats?Actually, by law, everyone must pay taxes to the commonwealth in which they live and for any services or products they pay for which are deemed taxable.It's just that the tax laws are written to favor the wealthy.Of course professionals pay taxes...in fact much more than all others combined...and historically....they and the aristocracy were frequently the only ones to do so. More clearly, they use less of the things taxes are needed to pay for...(they don't use public services much), and just as clearly, buy many more things that have sales, excise and other taxes placed on them than those who live at a more substance level.Facts: http://www.taxfoundation.org/taxdata/show/250.html Where the independent and in depth analysis to support (the top 1% of earners pay 40% of all the tax): "This year's numbers show that both the income share earned by the top 1 percent and the tax share paid by the top 1 percent have reached all-time highs. In 2005, the top 1 percent of tax returns paid 39.4 percent of all federal individual income taxes and earned 21.2 percent of adjusted gross income, both of which are significantly higher than 2004 when the top 1 percent earned 19 percent of AGI and paid 36.9 percent of federal individual income taxes." And "The top-earning 25 percent of taxpayers (AGI over $62,068) earned 67.5 percent of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86 percent). The top 1 percent of taxpayers (AGI over $364,657) earned approximately 21.2 percent of the nation's income (as defined by AGI), yet paid 39.4 percent of all federal income taxes. That means the top 1 percent of tax returns paid about the same amount of federal individual income taxes as the bottom 95 percent of tax returns."
How much of total taxes collected does the top 25 percent of tax payers pay?
Well the top 3% pay 95% of all taxes....top 25%..a bit more. A excelleny non-partisan site wih lots of facts on all things like this...including historical for decades. www.taxfoundation.org These are the figures I understand, as of 2005. Top 1% - 34% of all taxes Top 5% - 54% Top 10% - 66% Top 50% - 97% according to the IRS
What percentage of wealth do the top 20 percent hold?
99.94%
Percentage of use of information system by the top 100 companies?
Four Percent
What percent of the US taxes are paid by the wealthy?
Approx. 95% of all tax is paid by those in the top 3% of income. Almost 50% of the people pay not ax at all, and of them a large percent actually get more money back than they paid through credits
In California do you pay sales tax on a vehicle that you are leasing?
Yes you will have to pay taxes, title and fees on top of the downpayment when you lease a car.
What percentage of the market is controlled by the top 5 auto insurance company?
As of 2011 about 40 percent.
What are the Disadvantages of LTD's?
One disadvantage of a LTD is that they would have to pay Corporation tax on top of any existing taxes.
What do the top 1 percent of Americans really end up paying the IRS?
The top 1% of wage earners (those earning over $388,806 a year and who make about 18% of income in the country) pay 39.89% of all federal income taxes. When it comes to total federal taxes (not just income tax), the top 1% paid 28% of taxes.86.27% of federal income taxes are paid by the top 25% of wage earners (those making over $64,702). The bottom 50% of wage earners in the country actually have a negative tax rate due to the payouts from the government being more than they pay in taxes.http://www.ntu.org/main/page.php?PageID=6http://cbo.gov/ftpdocs/88xx/doc8885/EffectiveTaxRates.shtml
Why do the Scandinavian countries have high taxes?
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance. In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent. Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
What income bracket pays most of the federal taxes?
Those with the top 3% of income pay almost 93% of all taxes. See www.taxfoundation.org for some great statistics.
