x

Who will pay what in 2013 taxes?

Print Page Updated: 02:01:31 PM, Sun 03 March 2013
How much households at different income levels will pay in federal income, payroll, corporate and estate taxes for 2013.

___

Bottom 20 percent

Average income: $10,552.

Average tax bill: -$284.

Average tax rate: -2.7 percent.

Share of federal tax burden: -0.4 percent.

___

Middle 20 percent

Average income: $46,562.

Average tax bill: $6,436.

Average tax rate: 13.8 percent.

Share of federal tax burden: 8.6 percent.

___

Top 20 percent

Average income: $204,490.

Average tax bill: $55,533.

Average tax rate: 27.2 percent.

Share of federal tax burden: 71.8 percent.

___

Top 1 percent

Average income: $1.4 million.

Average tax bill: $514,144.

Average tax rate: 35.5 percent.

Share of federal tax burden: 30.2 percent.

___

Note: The average family in the bottom 20 percent of households pays no federal taxes. Instead, many families in this group get payments from the federal government by claiming more in credits than they owe in taxes, giving them a negative tax rate.

___

Source: Tax Policy Center

Tags: tax policy center, united states congress, payments, taxation in the united states, taxation, computer_internet, percent, families, tax, federal government, federal taxes, group, share, taxes, households, corporate tax, household income in the united states, payroll, average family, tax incidence, estate taxes, different income levels, federal income, average income, federal tax burden, negative tax rate, average tax, average tax rate

Close
Loading

News Headlines.com

  • List View
  • Grid View
Close
Contact Us
Send Feedback X