Distribution of Household Income and Federal Taxes, 2011

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Our Price: $20.00

By Kevin Perese (au)
Year: 2014
Pages: 39
Binding Paperback
ISBN 978-1-4578-5904-5

Product Code: 1457859041

Description

This report shows that in 2011, average household market income -- a comprehensive income measure that consists of labor income, business income, capital income (including capital gains), and retirement income -- was approx. $81,000. Government transfers, which include benefits from programs such as Social Security, Medicare, and unemployment insurance, averaged approx. $13,000 per household. Federal taxes were about $17,000 per household, on average, in 2011. Thus, average household income after taxes was about $77,000, and the average federal tax rate (federal taxes divided by before-tax income) was 17.6%. This report shows how income and federal taxes were distributed in 2011 and how changes in tax rules between 2011 and 2013 affected average federal tax rates. Tables and figures. This is a print on demand report.

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