Millionaires and High Income Earners

Summary of the Latest Federal Income Tax Data, 2020 Update

The latest IRS data shows that the U.S. individual income tax continues to be very progressive, borne primarily by the highest income earners. The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).

Summary of the Latest Federal Income Tax Data, 2018 Update

The top 50 percent of all taxpayers pay 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

Headlines Reporting U.S. as a “Low-Tax” Nation Overlook Our Overreliance on Economically Harmful Income Taxes

The Largest Deductions Taken by High-Income Households

Late-Breaking West Virginia Compromise Would Create Two New Taxes

Summary of the Latest Federal Income Tax Data, 2016 Update

Maine Question 2: Will Maine Claim the 2nd Highest Individual Income Tax Rate in the Country?

Illinois Graduated Tax Proponents Hold Press Conference

Illinois Considers an 11.25 Percent Tax on Small Businesses

Illinois Might Adopt One Of The Highest Income Taxes In The Nation

New IRS Data: Wealthy Paid 55 Percent of Income Taxes in 2014

Marginal Tax Rates on Income Go Up Across the Board Under Sanders’s Plan

IRS “Fortunate 400” Report Shows Evidence of Significant Income Shifting to Avoid Fiscal Cliff Tax Rate Hikes

New Treasury Data Shows How Progressive America’s Tax Code Really Is

Sources of Personal Income, Tax Year 2013

Proposed Tax Changes in President Obama’s Fiscal Year 2016 Budget

Sources of Personal Income, Tax Year 2012

What Dynamic Analysis Tells Us About the President’s Tax Hike on Capital Gains and Dividends

Comments on Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (Second Edition)

FATCA, Automatic Information Exchange, and the End of Financial Privacy