US federal tax burdens by AGI

From: Dave Long (dl@silcom.com)
Date: Mon Apr 16 2001 - 03:31:47 PDT


[Sorry all, this is a followup in correction
to a message that seems to be stuck in limbo
at fork@kragen.dnaco.net. -dl]

I misspoke earlier. If that 236K AGI had been
in 1998, it would have been in the top 1.7% of
all returns.

It turns out the IRS has to prepare reports yearly
on returns above 200K, and in:

<http://ftp.fedworld.gov/pub/irs-soi/98hiinco.pdf>

they have an interesting table which shows the
effective tax rate versus AGI. Looks like both
the mode and median rates for effective federal
tax are between 5 and 10%.

                        All returns $200+ AGI
                        ----------- ---------
number of returns 124,770,662 2,085,211

no US income tax 22.6 0.1
with US income tax 77.4 99.9

        Under 5% 15.1 0.6
        5 under 10% 29.4 0.8
        10 under 15% 21.8 2.3
        15 under 20% 8.4 12.9
        20 under 25% 2.0 37.6
        25 under 30% 0.6 29.4
        30 under 35% 0.2 13.3
        35 under 40% 0.1 3.0
        40 under 45% - 0.1

        45 under 50% - -
        50 under 60% - -
        60 under 70% - -
        70 under 80% - -

        80% or more - -
        
-Dave



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