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In 2013, by how much did federal taxes on employers reduce the average income of U.S. middle-income households?

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In 2013, federal taxes on employers reduced the average income of U.S. middle-income households by about $4,287. All taxes levied on corporations are ultimately borne by their owners, employees, or customers in the form of lower profits, lower wages, or higher prices. As explained by the director of the Congressional Budget Office, "The ultimate cost of a tax or fee is not necessarily borne by the entity that writes the check to the government."

DocumentationDistribution of the Tax Burden Corporate Income TaxesMiddle-Income Employer Taxes

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