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Internal Revenue Service - Part 3



Recently-released IRS figures indicate that the rich are paying a much larger share of federal income taxes than previously thought. According to the IRS data, the wealthiest 1% of all taxpayers paid 26.1% of all federal income taxes in 1986, compared with 21.9% in 1985. The data also revealed that taxes paid by the wealthiest 1% of all taxpayers increased 45% between 1981 and 1986.

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  • July 1, 1988