The average amount Americans pay in federal income taxes, by income level - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

An American in the most common income bracket paid an average of $4,688 in taxes in 2018, according to the most recent IRS data

graduated based on income level and filing statusAs a result, the $15,322 average figure isn't necessarily representative of what the typical American actually pays. That figure is an average, a measure which is easily skewed by outliers, including about 22,000 returns of people who took home more than $10 million in 2019, for example.

. Here's how much income tax Americans pay by income level, along with the number of returns filed within each income level, according to data from the IRS Statistics of Income Division.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We're taxed federal, half this in state and others. On TV charities ask for donations, good ones like St. Jude, and avg. Americans help with little they have. Foreign charities, even dog charities and big heart Americans chip in while Trump and his kind do nothing. It's not right

And Trump paid $750 to Zero taxes: WTF?

Or $3,938 more than the President paid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Donald Trump's 8 properties, from New York to St. Martin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn I want to be like Trump!! Owns or owes on? Trump 10 yıldır hiç vergi ödemedi
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump paid just $750 in federal income taxes in 2016 and 2017: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. wow and libs told us for 4 year he didnt pay taxes. another ukraine hoax. pathetic Peaceful handing over of power is the hallmark of mature democracies. When one party cannot commit to this basic ideal, as a country we are heading into a category 7 hurricane. McConnell, Barr & senate republicans will live to regret this. Mark my words: this is just starting. Who cares
Source: BusinessInsider - 🏆 729. / 51 Read more »