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Minority of taxpayers pay majority of taxes
Tax day is here. Here's how much taxes different income brackets pay and what they think about that amount. - photo by Matthew Jelalian
Tax day is Wednesday, but who has the most legitimate gripe about paying income taxes? In other words, who pays the most?

The Wall Street Journal reported on a recent study by the Tax Policy Center, a nonpartisan research group, that shows the top 20 percent of American income earners, anyone making $134,300 or more, pay 83.9 percent of the nations income taxes. The top 20 percent of earners make 51.3 percent of the economys total income.

The data comes from estimates as Internal Revenue Service data for 2014 wont be available for at least two years, reported the Wall Street Journal. Unlike IRS data, it includes information about nonfilers both people who didnt need to file and people who should have filed but didnt. The total also includes Americans living overseas and others, which is why it is greater than the U.S. Census estimate of 319 million people.

The bottom 20 percent of income earners, who make anywhere between zero and $24,200, actually share a negative percentage of income taxes, which means that they will get money back from the government. This 20 percent of income earners represent 4.5 percent of the total income earned in the U.S.

The Tax Policy Center data contrasts with a recent Pew Research Center study on people's perceptions of their tax burden. The Pew survey found 53 percent feel that they are paying the right amount of taxes, while 40 percent feel that they are paying more than their fair share of taxes and only 4 percent saying they pay less than their fair share.

Opinion varies considerably based on annual family income, reported Pew. Among those making $100,000 or more, 54 percent think they pay more than their fair share; among adults with incomes less than $30,000, just 27 percent say this.