Top 0.001% Earners Paid Lower Effective Tax Rate Than Top 1%, IRS Data Shows
According to the May 2026 Kiplinger Tax Letter, the top 0.001% of earners in the U.S., with adjusted gross incomes over $78.6 million, paid an average effective federal income tax rate of 23.61%, lower than the 26.27% for the broader top 1%. This discrepancy is attributed to preferential capital gains treatment and other loopholes.
Topics: effective_tax_rate federal_income_tax wealth_inequality