"In 2013, according to the Congressional Budget Office’s
estimates, average household market income—
a comprehensive income measure that consists of labor
income, business income, capital income (including capital
gains), and retirement income—was approximately
$86,000. Government transfers, which include benefits
from programs such as Social Security, Medicare, and
unemployment insurance, averaged approximately
$14,000 per household. The sum of those two amounts,
which equals before-tax income, was about $100,000, on
average. In this report, CBO analyzed the distribution of
four types of federal taxes: individual income taxes, payroll
(or social insurance) taxes, corporate income taxes,
and excise taxes. Taken together, those taxes amounted to
about $20,000 per household, on average, in 2013.1
Thus, average after-tax income—which equals market
income plus government transfers minus federal taxes—
was about $80,000, and the average federal tax rate
(federal taxes divided by before-tax income) was about
20 percent..."
Household_income
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment