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Bookmark or Share- Summary of the Latest Federal Income Tax Data, 2023 Update - Tax FoundationThe average income tax rate in 2020 was 13.6 percent. The top 1 percent of taxpayers paid a 25.99 percent average rate, more than eight times higher than the 3.1 percent average rate paid by the bottom half of taxpayers. The top 1 percent’s income share rose from 20.1 percent in 2019 to 22.2 percent in 2020 and its share of federal income ...
- Summary of the Latest Federal Income Tax Data, 2020 UpdateTaxes paid rose to $1.6 trillion for all taxpayers in 2017, an 11 percent increase from the previous year. The average individual income tax rate for all taxpayers rose from 14.2 percent to 14.6 percent. The share of income earned by the top 1 percent rose from 19.7 percent in 2016 to 21.0 percent in 2017, and the share of the income tax burden ...
- Summary of the Latest Federal Income Tax Data, 2024 Update - Tax FoundationThe average income tax rate in 2021 was 14.9 percent. The top 1 percent of taxpayers paid a 25.9 percent average rate, nearly eight times higher than the 3.3 percent average rate paid by the bottom half of taxpayers. The top 1 percent’s income share rose from 22.2 percent in 2020 to 26.3 percent in 2021 and its share of federal income taxes ...
- State and Local Tax Burdens by State | Tax FoundationThe residents of three states stand above the rest, experiencing the highest state-local tax burdens in the country: New York (15.9 percent of state income), Connecticut (15.4 percent), and Hawaii (14.1 percent). By contrast, the median state-local tax burden is 10.2 percent, and the national average is 11.6 percent.
- 2024 State Tax Data: Facts & Figures | Tax FoundationFor visualizations and further analysis of 2024 state tax data, explore our state tax maps, the latest edition of our State Business Tax Climate Index, and subscribe to our weekly tax newsletter. Download and explore the latest 2024 state tax data with our interactive tool below. In 1941, we introduced our first edition of Facts & Figures.
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