Look at the distribution of income tax paid within that 1%. It catches the professionals getting salaries and commissions that exceed $400k/yr (that’s the approximate breakpoint for 99th percentile), but towards the high end of that 1%, most income is of non-salary origin (options and capital gains).
The rich don’t pay income taxes already.
The top 1% pay 40% of all federal income taxes.
Look at the distribution of income tax paid within that 1%. It catches the professionals getting salaries and commissions that exceed $400k/yr (that’s the approximate breakpoint for 99th percentile), but towards the high end of that 1%, most income is of non-salary origin (options and capital gains).