Question of the Day

What is the average annual federal tax burden on U.S. households in the top 1% income group?

Correct Answer

Tell Me More

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

Reload Question
Reload Question
Share via Facebook
Share via Twitter
Share via Email
Embed into your website
About the Fact App
Articles by Topic