Distribution of Household Income and Federal Taxes, 2013

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Our Price: $20.00

By Keith Hall (au)
Year: 2016
Pages: 34
Binding Paperback
ISBN 978-1-4578-6450-6

Product Code: 1457864509

Description

This report shows that in 2013, average household market income -- a comprehensive income measure that consists of labor income, business income, capital income (including capital gains), and retirement income -- was approximately $86,000. Government transfers, which include benefits from programs such as Social Security, Medicare, and unemployment insurance, averaged approximately $14,000 per household. This report analyzed the distribution of four types of federal taxes: individual income taxes, payroll (or social insurance) taxes, corporate income taxes, and excise taxes. Taken together, those taxes amounted to about $20,000 per household, on average in 2013. The report discusses income and taxes across households in 2013 and trends in household income and federal taxes. Tables and figures. This is a print on demand report.

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