In 2022 (latest data), U.S. households in the top 1% income group paid an average of $849,800 in federal taxes on an average income of $2,703,100. This amounts to an average effective federal tax rate of 31.5%, as compared to a rate of 12.7% for middle-income households and 0.9% for the poorest households. Unlike the incomplete and misleading figures often cited by politicians and journalists, these data account for all forms of income and nearly all federal taxes, including hidden taxes. They also account for all tax loopholes (aka, preferences) and reflect actual taxes paid, not marginal rates.