Top 1%
Adjusted Gross Income(AGI)(TY 2016) $480,804
Average tax rate: 26.87%
Group Share of All Income Taxes Paid: 37.32%
Top 10%
AGI (TY 2016) $139,713
Average tax rate: 21.19%%
Group Share of All Income Taxes Paid: 69.47%
Top 25%
AGI (TY 2016) $80,921
Average tax Rate: 17.84%
Group Share of All Income Taxes Paid: 68.43%
Top 50%
Top 50%
AGI (TY 2016) $40,078
Average tax Rate: 15.57%
Group Share of All Income Taxes Paid: 96.96%
Bottom 50%
AGI (TY 2016) less than $40,078
Average Tax Rate: 3.73%
Group Share of All Income Taxes Paid: 3.04%
Return Facts: (IRS Statistics of Income, Individual Income Rates and Tax Shares 2018)
# of returns AGI $1M or more (TY2010) 388,763
# Individual Refunds (TY 2016)(millions) 140.8
# of returns examined by the IRS (TY2010)(millions) 1.58 -- (1.1%)
Average recommended Additional Tax: $20,127
# EITC (Earned Income Tax Credit)(TY 2019) # Returns
w/credit (millions) 25.0 -- Average amount of EITC received nationwide is $2,476
# EITC (Earned Income Tax Credit)(TY 2019) # Returns
w/credit (millions) 25.0 -- Average amount of EITC received nationwide is $2,476
Tax Freedom Day and Tax Burden - Selected Years (Source: Tax Foundation)
NOTE: Tax Freedom Day is calculated by dividing the official government tally of all taxes collected in each year by the official government tally of all income earned in each year.
2019 April 16 29.0%
2018 April 20 30.0%
2017 April 24 31.0%
2016 April 25 31.0%
2015 April 25 31.0%
2014 April 21 30.3%
2013 April 18 29.3%
2012 April 13 28.1%
2011 April 12 27.9% <--(Taxes as a Percentage of Income)
2010 April 9 26.9%
2009 April 8 26.6%
2008 April 16 29.0%
2007 April 24 31.1%
2006 April 24 31.2%
2005 April 21 30.2%
2004 April 15 28.5%
2003 April 14 28.4%
2002 April 17 29.2%
2000 May 1 33.0%
1990 April 21 30.4%
1980 April 21 30.4%
1970 April 19 29.6%
1960 April 11 27.7%
1950 March 31 24.6%
1940 March 7 17.9%
1930 Feb 12 11.5%
1920 Feb 13 11.9%