Answer
The top 1% of taxpayers pay close to 39% of the total tax paid. The top 5% pays 59.14%, while the lowest 50% only pays about 3.11% of the total.
Work Step by Step
The American tax system with the brackets makes people who earn more income pay more in taxes. As the percentages show, the differences are massive. The richest 5% pays more in taxes than the rest of the population combined. As an entrepreneur, one has to account for taxes, since as someone's revenue increases, they will ultimately have to pay more and more in taxes as well.
