High earners pay a lower proportion of their income in payroll taxes

Effective Federal Payroll Tax Rate (% of Cash Income In 2022)

Source: Tax Policy CenterEmbed Download image
Notes: Individual income tax rates for the lowest and second lowest quintiles are negative and are netted against the payroll tax rate. A quintile is one-fifth of the population. In 2022 dollars, the income breaks are: 20% $30,000; 40% $58,500; 60% $103,800; 80% $189,200; 90% $276,100; 95% $398,100; 99% $982,600; 99.9% $4,439,400. Includes both filing and non-filing units but excludes those that are dependents of other tax units.