But they will pay 39% of all federal income taxes. The million-dollar earners will pay an average federal income tax rate that is 3.5 times higher than the other 99.4% of Americans.

The analysis also found that the top 0.1% of earners, with at least $3.8 million in annual income, pay an effective federal tax rate of 25.7%, which is a hair lower than the 25.9% tax rate for the ...

A tax preparer helps a customer at an H&R Block office on Tax Day, April 18, 2017, in Brooklyn, New York City. (Drew Angerer/Getty Images) It may be true, as Benjamin Franklin wrote toward the end of ...

In all, our $1.355 trillion U.S. federal income tax total was paid by 96.5 million taxpayers. Excluding the returns that didn't result in any tax being owed, the average tax paid in 2014 was $14,040.

From 2018-2022 we paid global income taxes in excess of $2B and in 2023 we paid nearly $1.2B in global income taxes, the majority of which was US federal income tax.” ...

A five-figure tax bill isn't unusual. The most recent IRS data revealed that Americans who filed taxable returns paid an average income tax payment of $15,322 in 2018.

Trump’s federal income tax obligation amounts to less than the typical amount paid by families earning between $40,000 and $50,000, including after their tax credits are factored in, Tedeschi said.

But they will pay 39% of all federal income taxes. The million-dollar earners will pay an average federal income tax rate that is 3.5 times higher than the other 99.4% of Americans.