Portfolio managers may be called investment managers, wealth managers, asset managers or financial advisors, but a true portfolio manager position is focused on the analytical side of investing rather than the sales aspect. Job Description
The New York Times reported on April 8, 2009, that the average American paid 20.7 percent of all her income in federal taxes. This did not include state and local taxes. The highest 20 percent of income earners paid almost 26 percent of their income in personal federal income taxes, while making almost 56 percent of all income. The top 1 percent of Americans received a full fifth of all American income while paying 28 percent of their income in federal taxes.
The top 10 percent pays 53.3 percent of all federal taxes. When looking at just federal income taxes, they pay 68 percent of the burden. The top 1 percent pays 24 percent of all federal taxes compared to 35 percent of all federal income taxes. The data for total federal taxes come from the Congressional Budget Office.