What is the average annual federal tax burden on U.S. households in the top 1% income group?
In 2014, (latest data), U.S. households in the top 1% had an average income of $1,774,800 and paid an average effective federal tax rate of 34%. This amounts to a tax burden of $596,200. Unlike the incomplete and misleading figures often published by the media, this data accounts for all forms of income and nearly all federal taxes.
DocumentationDistribution of the Tax Burden