Erica York. Download PDF. Download Data. You can download the full data set in Excel or PDF form above. Was this page helpful to you? Thank You! Let us know how we can better serve you! Give Us Feedback. Share Tweet Share Email. About the Author. Individual income tax funds U. The remainder of federal revenues are made up from customs duties on imported goods, excise taxes such as those on gasoline, estate taxes and other miscellaneous taxes and fees.
W2 wage earners - those with a regular paycheck from a business, government entity or non-profit - make up the largest share of tax revenue through income tax and social insurance withholdings, like the payroll tax that funds Social Security, the government retirement program. The U. The individual income tax is designed to be progressive — those with higher incomes pay at higher rates.
The IRS tax data used here are estimates based on a stratified probability sample of all returns. Effective tax rates — calculated as the total income tax owed divided by adjusted gross income — also rise with income. But the system starts to lose its progressivity at the very highest levels: In , the effective rate peaked at Generally speaking, effective tax rates fell across the board throughout most of the s, though the highest-income tiers experienced the steepest drops.
Effective rates on those same groups rose sharply, however, following enactment of the American Taxpayer Relief Act of Bush-era tax cuts for upper-income taxpayers while retaining them for middle- and lower-income people. In the current overhaul effort, President Donald Trump and congressional Republicans both have made lowering corporate income taxes a top priority.
In the most recent year for which corporate tax data are available , the 3. As recently as , the effective corporate tax rate was However, a Congressional Budget Office report noted that even using the effective rate, U. More Americans favor raising than lowering tax rates on corporations, high household incomes.
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