Effective tax rates increase with income

Effective Federal Tax Rates (% of Expanded Cash Income)

(Please use a modern browser to see the interactive version of this visualization)

Source: Tax Policy CenterEmbed Download image

Notes: Federal taxes include the excise tax, estate tax, corporate income tax, payroll tax, and individual income tax. Individual income tax rates for the lowest and second quintiles are negative and are netted against the payroll tax rate. A quintile is one-fifth of the population. The breaks are (in 2022 dollars): 20% $30,600; 40% $59,700; 60% $105,900; 80% $193,600; 99% $991,000. The top quintile includes the top 1% of earners.