What percent of the total amount of individual federal income taxes is paid by the wealthiest Americans? In 2014, households with incomes of $250,000 or more accounted for 2.7 percent of the returns filed. Together, they paid about 51.6 percent of the $1.4 trillion in income tax the federal government collected that year. Their average tax rate was 25.7 percent.
Households with incomes below $50,000 accounted for 62.3 percent of the returns. Collectively, they paid about 5.7 percent of the total amount of income tax collected by the federal government. Their average tax rate was 4.3 percent.
These figures were gathered from the Pew Research Center in Washington, D.C.
Send questions to marilyn parade.com