Federal Income & Tax Data |
Federal Income & Tax Liabilities for All HOUSEHOLDS, by Income Quintile 1, Using Comprehensive Household Income, Adjusted for Household Size | |||||
Households: |
Adjusted Gross Income Ranges |
Average Pre - Tax Income |
Average After - Tax Income |
Percent of "Benefit" 2 |
Percent of "Burden" 3 |
Lowest Quintile | $ 0 to 13,700 | $ 11,400 | $ 10,800 | 4.0 % | 0.9 |
Second Quintile | $ 13,700 to 23,600 | $ 28,600 | $ 25,000 | 9.0 % | 5.2 % |
Middle Quintile | $ 23,600 to 34,400 | $ 45,100 | $ 37,500 | 13.9 % | 10.4 % |
Fourth Quintile | $ 34,400 to 50,800 | $ 65,600 | $ 52,500 | 20.2 % | 18.1 % |
Highest Quintile | $ 50,800 on up | $ 167,500 | $ 121,600 | 53.2 % | 65.4 % |
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A Progressive Income Tax: "Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise." --Thomas Jefferson to James Madison, 1785. |
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