Total Federal, State & Local Effective Tax Rates in 2020,
Current Tax Law vs. Pre-Tax Cuts and Jobs Act
by income group
Pre-TCJA
Current Law
Created with Raphaël 2.1.2
34.4%
X
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
21.1%
Lowest 20%
20.4%
23.6%
Second 20%
22.4%
26.8%
Middle 20%
25.5%
29.1%
Fourth 20%
27.8%
31.5%
Next 15%
30.2%
33.7%
Next 4%
31.0%
36.6%
Top 1%
34.4%
