Federal Income Tax Summary (2018) Top 1% Top 5% Top 10% Top 25% Top 50% Bottom 50% All Taxpayers Number of Returns 1,443,179 7,215,893 14,431,787 36,079,467 72,158,933 72,158,933 144,317,866 Adjusted Gross Income ($ millions) $2,420,025 $4,217,996 $5,511,117 $7,969,121 $10,221,814 $1,342,069 $11,563,883 Share of Total Adjusted Gross Income 20.9% 36.5% 47.7% 68.9% 88.4% 11.6% 100.0% Income Taxes Paid ($ millions) $615,716 $926,367 $1,096,343 $1,336,041 $1,491,041 $45,137 $1,536,178 Share of Total Income Taxes Paid 40.1% 60.3% 71.4% 87.0% 97.1% 2.9% 100.0% Income Split Point $540,009 $217,913 $151,935 $87,044 $43,614 $43,614 Average Tax Rate 25.4% 22.0% 19.9% 16.8% 14.6% 3.4% 13.3% Note: numbers above are for taxpayers, not households… i.e. “the top 25% of taxpayers,” not “households”. 3. The top 1% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate is _______%. 4. The top 10% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate is _______%. 5. The top 50% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate is _______%. 6. The bottom 50% of taxpayers make less than $_____________ and pay _______% of federal income taxes. Their average tax rate is _______%.
Federal Income Tax Summary (2018)
|
|
Top 1% |
Top 5% |
Top 10% |
Top 25% |
Top 50% |
Bottom 50% |
All Taxpayers |
|
Number of Returns |
1,443,179 |
7,215,893 |
14,431,787 |
36,079,467 |
72,158,933 |
72,158,933 |
144,317,866 |
|
Adjusted Gross Income ($ millions) |
$2,420,025 |
$4,217,996 |
$5,511,117 |
$7,969,121 |
$10,221,814 |
$1,342,069 |
$11,563,883 |
|
Share of Total Adjusted Gross Income |
20.9% |
36.5% |
47.7% |
68.9% |
88.4% |
11.6% |
100.0% |
|
Income Taxes Paid ($ millions) |
$615,716 |
$926,367 |
$1,096,343 |
$1,336,041 |
$1,491,041 |
$45,137 |
$1,536,178 |
|
Share of Total Income Taxes Paid |
40.1% |
60.3% |
71.4% |
87.0% |
97.1% |
2.9% |
100.0% |
|
Income Split Point |
$540,009 |
$217,913 |
$151,935 |
$87,044 |
$43,614 |
$43,614 |
|
|
Average Tax Rate |
25.4% |
22.0% |
19.9% |
16.8% |
14.6% |
3.4% |
13.3% |
Note: numbers above are for taxpayers, not households… i.e. “the top 25% of taxpayers,” not “households”.
3. The top 1% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate
is _______%.
4. The top 10% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate
is _______%.
5. The top 50% of taxpayers make at least $_____________ and pay _______% of federal income taxes. Their average tax rate
is _______%.
6. The bottom 50% of taxpayers make less than $_____________ and pay _______% of federal income taxes. Their average
tax rate is _______%.
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