Total federal tax share for the top 1 percent: 28.1 percent
So -- using 2007 numbers at least -- Bachmann is off by quite a bit. She’s even further off if you use an estimate for 2010 by the centrist to liberal Urban Institute-Brookings Institution Tax Policy Center, which pegs the share of all federal taxes for the top 1 percent at 22.7 percent.
Bachmann would have been right if she’d said, "the top 1 percent of income earners pay about 40 percent of all income taxes into the federal government."
But she didn’t say that -- and even if she had, her decision to focus on income taxes, rather than looking at the whole federal tax picture, would have presented the numbers in such a way that wealthier Americans would look more heavily taxed than they are.