The 1% have been getting richer, but they have also been shouldering much more of the federal individual income tax burden. They were responsible for 18.4% of income tax revenue in 1979 but 40.3% in 2022.

The 1% have been getting richer, but they have also been shouldering much more of the federal individual income tax burden.

They were responsible for 18.4% of income tax revenue in 1979 but 40.3% in 2022. pic.twitter.com/Jsv09k5Dha

— Dominic Pino (@DominicJPino) February 3, 2026