U.S. Federal Income Tax

[Gregory Matthews]

U.S. Federal Income Tax Facts, as of 2014:

*   Collected some $1,400,000,000,000!  (1.4 Trillion dollars.)

*   2.7% of the filed returns came from household incomes of $250,000, or more.

*   The above 2.7% paid some 51.6% of the collected Federal Income Tax.

*   The average tax  rate of the above 2.7% was 25.7%.

*    62.3% of the returns filed came from households with less than $50,000 in income.

*    The above 62.3% paid some 5.7l% of the collected Federal Income Tax.

*    The average tax rate of the above 62.3% was 4.3%.

Questions about the above may be addressed to:  marilyn@parade.com

The above facts were taken from an article, written by Marilyn vos Savant, and published in the April 9, 2017 issue of Parade.