Tax Policy Center

average tax rate

Individual Taxes: TaxVox
Effective tax rates have been rising since 2009 and will continue to rise for a few more years before they flatten out, according to Tax Policy Center projections . My TaxVox post earlier this week showed how average federal tax rates have changed over the past three decades. But that was based on
December 12, 2013Roberton C. Williams
Individual Taxes: TaxVox
Just as President Obama was decrying our nation’s rising income inequality , the Congressional Budget Office provided him with some new ammunition. CBO’s latest report on household income and taxes—which goes only through 2010—shows that the rich have indeed gotten richer. (Full disclosure: In my
December 9, 2013Roberton C. Williams
Individual Taxes: TaxVox
Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage of my total income. But it would be better if I learned my marginal tax rate or MTR—the percentage tax that I would pay on an additional dollar of income. That’s
October 9, 2012Roberton C. Williams