The top 1% paid about 40% of all federal income taxes in 2018. That’s the highest percentage since 2001, when it was 33.2%, according to the IRS data.
The wealthy are paying a larger slice in part because of expanded tax credits and the near doubling of the standard deduction under the Republicans’ tax cuts which reduced the share paid by those in lower income brackets.
The percentage of federal income tax paid by the bottom half of taxpayers fell from 4.9% in 2001 to just below 3% in 2018.
The top 1% average tax rate was 26.8% that year, versus 25.4% in 2018. The tax rate for the bottom 50% was 3.4%, according to the IRS.
You can decide if this is a fair share or not, but it surely does not square with the tax avoidance rhetoric of progressives. Nor does it support the idea that recent changes in tax laws only benefited the wealthy.