Tax Policy Center

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T20-0106 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2029

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2029. Table also shows, by income percentile, the percentage of tax units that pay more in payroll taxes than income taxes. Baseline is the law in place for year 2029 as of January 1, 2020. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm