United States, 2020
Income Group | Poorest 20% |
---|---|
Income Range | Less than $24,300 |
Average Income | $14,400 |
Tax Change 1,000s | $–24,274,800 |
Average Tax Change | $–760 |
Tax Change as % of Income | -5.3% |
Share of Tax Change | 54% |
Share with Tax Cuts | 71% |
Avg. Change for Those w/Tax Cuts | $–1,070 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Second 20% |
Income Range | $24,300 to $43,500 |
Average Income | $33,800 |
Tax Change 1,000s | $–12,624,400 |
Average Tax Change | $–400 |
Tax Change as % of Income | -1.2% |
Share of Tax Change | 28% |
Share with Tax Cuts | 37% |
Avg. Change for Those w/Tax Cuts | $–1,060 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Middle 20% |
Income Range | $43,500 to $69,800 |
Average Income | $55,600 |
Tax Change 1,000s | $–6,583,400 |
Average Tax Change | $–210 |
Tax Change as % of Income | -0.4% |
Share of Tax Change | 15% |
Share with Tax Cuts | 21% |
Avg. Change for Those w/Tax Cuts | $–990 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Fourth 20% |
Income Range | $69,800 to $119,000 |
Average Income | $90,900 |
Tax Change 1,000s | $–1,146,700 |
Average Tax Change | $–40 |
Tax Change as % of Income | 0.0% |
Share of Tax Change | 3% |
Share with Tax Cuts | 3% |
Avg. Change for Those w/Tax Cuts | $–1,040 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Next 15% |
Income Range | $119,000 to $263,500 |
Average Income | $167,600 |
Tax Change 1,000s | $–108,900 |
Average Tax Change | $0 |
Tax Change as % of Income | 0.0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 0% |
Avg. Change for Those w/Tax Cuts | $0 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Next 4% |
Income Range | $263,500 to $639,000 |
Average Income | $381,700 |
Tax Change 1,000s | $–1,500 |
Average Tax Change | $0 |
Tax Change as % of Income | 0.0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 0% |
Avg. Change for Those w/Tax Cuts | $0 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Richest 1% |
Income Range | $639,000 or more |
Average Income | $1,951,600 |
Tax Change 1,000s | $0 |
Average Tax Change | $0 |
Tax Change as % of Income | 0.0% |
Share of Tax Change | 0% |
Share with Tax Cuts | 0% |
Avg. Change for Those w/Tax Cuts | $0 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | ALL |
Income Range | |
Average Income | $94,400 |
Tax Change 1,000s | $–44,879,400 |
Average Tax Change | $–280 |
Tax Change as % of Income | -0.3% |
Share of Tax Change | 100% |
Share with Tax Cuts | 26% |
Avg. Change for Those w/Tax Cuts | $–1,040 |
Share with Tax Hikes | 0% |
Avg. Change for Those w/Tax Hikes | $0 |
Income Group | Income Range | Average Income | Tax Change 1,000s | Average Tax Change | Tax Change as % of Income | Share of Tax Change | Share with Tax Cuts | Avg. Change for Those w/Tax Cuts | Share with Tax Hikes | Avg. Change for Those w/Tax Hikes |
---|---|---|---|---|---|---|---|---|---|---|
Poorest 20% | Less than $24,300 | $14,400 | $–24,274,800 | $–760 | -5.3% | 54% | 71% | $–1,070 | 0% | $0 |
Second 20% | $24,300 to $43,500 | $33,800 | $–12,624,400 | $–400 | -1.2% | 28% | 37% | $–1,060 | 0% | $0 |
Middle 20% | $43,500 to $69,800 | $55,600 | $–6,583,400 | $–210 | -0.4% | 15% | 21% | $–990 | 0% | $0 |
Fourth 20% | $69,800 to $119,000 | $90,900 | $–1,146,700 | $–40 | 0.0% | 3% | 3% | $–1,040 | 0% | $0 |
Next 15% | $119,000 to $263,500 | $167,600 | $–108,900 | $0 | 0.0% | 0% | 0% | $0 | 0% | $0 |
Next 4% | $263,500 to $639,000 | $381,700 | $–1,500 | $0 | 0.0% | 0% | 0% | $0 | 0% | $0 |
Richest 1% | $639,000 or more | $1,951,600 | $0 | $0 | 0.0% | 0% | 0% | $0 | 0% | $0 |
ALL | $94,400 | $–44,879,400 | $–280 | -0.3% | 100% | 26% | $–1,040 | 0% | $0 |