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All income groups pay taxes, but overall the U.S. tax system is progressive.
The top 1 percent of taxpayers generate 26 percent of individual income tax revenues.
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
Revenue from corporate income taxes has been decreasing as a share of GDP
The federal government collects revenue from a variety of sources.
Revenues from the capital gains tax have been volatile, especially during recessions
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.