On Sun, Sep 6, 2009 at 8:04 PM, [email protected]<[email protected]> wrote:
> Now, if my arithmatic is wrong, then I gave the source for you to check me. > But, there was something fishy about that number. Actually, you did not give the exact source, you linked to a page with a number of spreadsheets of data. Consider the 2006 numbers instead of 2007, since the IRS already calculated some of the numbers I want here: http://www.irs.gov/pub/irs-soi/09winbulinincome.pdf | Taxpayers with an AGI of at least $388,806, the top 1 percent of | taxpayers, accounted for 22.1 percent of AGI for 2006. This represents | an increase in income share of 0.9 percentage points from the previous | year. These taxpayers accounted for 39.9 percent of the total income tax | reported, an increase from 39.4 percent in 2005. The top 5 percent of | taxpayers accounted for 36.7 percent of AGI and 60.1 percent of total | income tax. Now to calculate it the full set of numbers myself. I used this spreadsheet: http://www.irs.gov/pub/irs-soi/07in01etr.xls >From lines 121 and 122 I got the taxes by percentile for 2006 and 2007, and computed the percentages for 2006 and 2007: Total 1 percent 5 percent 10 percent 25 percent 50 percent 2006 1,023,739 408,369 615,680 724,740 883,153 993,176 39.89% 60.14% 70.79% 86.27% 97.01% 2007 1,115,504 450,926 676,293 794,432 965,875 1,083,243 40.42% 60.63% 71.22% 86.59% 97.11% It looks like the numbers I computed for 2006 agree with the IRS's computation quoted above. Not very surprising, since this is simple arithmetic. Also, the numbers I computed for 2007 agree with the numbers I quoted earlier. _______________________________________________ http://mccmedia.com/mailman/listinfo/brin-l_mccmedia.com
