AGI & Average Tax Rates (2020-2024)
|
Year |
Top 1% AGI |
Top 1% Avg. Tax Rate |
Top 10% AGI |
Top 10% Avg. Tax Rate |
Top 25% AGI |
Top 25% Avg. Tax Rate |
Top 50% AGI |
Top 50% Avg. Tax Rate |
Bottom 50% AGI |
Bottom 50% Avg. Tax Rate |
|---|---|---|---|---|---|---|---|---|---|---|
|
2020 |
$540,000 |
25.5% |
$150,000 |
19.7% |
$85,000 |
16.5% |
$42,000 |
14.4% |
<$42,000 |
3.2% |
|
2021 |
$560,000 |
25.8% |
$155,000 |
19.9% |
$88,000 |
16.7% |
$44,000 |
14.6% |
<$44,000 |
3.4% |
|
2022 |
$580,000 |
26.0% |
$160,000 |
20.1% |
$90,000 |
16.9% |
$45,000 |
14.8% |
<$45,000 |
3.5% |
|
2023 |
$600,000 |
26.2% |
$165,000 |
20.3% |
$92,000 |
17.1% |
$46,000 |
15.0% |
<$46,000 |
3.6% |
|
2024 |
$620,000 |
26.5% |
$170,000 |
20.5% |
$94,000 |
17.3% |
$47,000 |
15.2% |
<$47,000 |
3.7% |
These figures reflect estimates based on historical trends and available IRS data.
________________________
Tax Returns & IRS Examinations (2020-2024)
|
Year |
Returns Filed |
Returns with AGI Over $1M |
Returns with AGI Over $10M |
Returns Examined by IRS |
Returns with EITC |
|---|---|---|---|---|---|
|
2020 |
157 million |
639,361 |
24,457 |
243,719 |
26 million |
|
2021 |
160 million (est.) |
675,000 (est.) |
26,000 (est.) |
250,000 (est.) |
31 million |
|
2022 |
162 million (est.) |
710,000 (est.) |
27,500 (est.) |
255,000 (est.) |
23 million |
|
2023 |
165 million (est.) |
740,000 (est.) |
29,000 (est.) |
260,000 (est.) |
23 million (est.) |
|
2024 |
168 million (est.) |
770,000 (est.) |
30,500 (est.) |
265,000 (est.) |
23 million (est.) |
These figures reflect estimates based on historical trends and available IRS filing statistics.
____________________________
Most Used IRS Webpages (2024)
|
Rank |
IRS Webpage |
Number of Inquiries |
|---|---|---|
|
1st |
Over 630 million inquiries |
|
|
2nd |
Over 200 million inquiries |
These pages consistently rank among the most accessed IRS resources, especially during tax season when individuals check refund statuses and request tax documents.
Tax Freedom Day (1920-2024)
|
Year |
Tax Freedom Day |
Taxes as % of Income |
|---|---|---|
|
1920 |
February 13 |
12.0% |
|
1930 |
February 12 |
11.7% |
|
1940 |
March 7 |
17.9% |
|
1950 |
March 31 |
24.6% |
|
1960 |
April 11 |
27.7% |
|
1970 |
April 19 |
29.6% |
|
1980 |
April 21 |
30.4% |
|
1990 |
April 21 |
30.4% |
|
2000 |
May 1 |
33.0% |
|
2010 |
April 9 |
26.9% |
|
2011 |
April 12 |
27.7% |
|
2012 |
April 13 |
29.2% |
|
2013 |
April 18 |
29.4% |
|
2014 |
April 21 |
30.2% |
|
2015 |
April 24 |
31.2% |
|
2016 |
April 22 |
30.9% |
|
2017 |
April 23 |
30.9% |
|
2018 |
April 19 |
29.7% |
|
2019 |
April 16 |
29.0% |
|
2020 |
April 15 |
28.7% |
|
2021 |
April 14 |
28.5% |
|
2022 |
April 18 |
29.2% |
|
2023 |
April 20 |
30.0% |
|
2024 |
April 22 |
30.5% |
Tax Freedom Day represents the date when Americans have collectively earned enough income to pay their total tax bill for the year.