Sunday, March 3, 2013

TOP 20% TO PAY NEARLY 72%

REPORT: TOP 20% TO PAY NEARLY 72% OF 2013 FEDERAL TAX BURDEN



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.