We also present sensitivity analyses that yield estimates in the 6-12 percent range. In our primary analysis, we estimate an average Federal individual income tax rate of 8.2 percent for the period 2010-2018. We do so using publicly available statistics from the IRS Statistics of Income Division, the Survey of Consumer Finances, and Forbes magazine. Get Involved Show submenu for “Get Involved””īy Greg Leiserson, Senior Economist (CEA) and Danny Yagan, Chief Economist (OMB)Ībstract: We estimate the average Federal individual income tax rate paid by America’s 400 wealthiest families, using a relatively comprehensive measure of their income that includes income from unsold stock.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.Taxfilers with income of less than one dollar are grouped into the other income classification. There are six major sources of income: paid employment, pension income, investment income, self-employment income, social benefit payments, and other income. This table presents information on the number of taxfilers by major source of income for all Canada. This table presents information on the number of taxfilers by sex for all Canada. There are fifteen age groups, beginning with taxfilers under 20 years of age, and ending with taxfilers aged 85 or over. Table 4O shows the number of taxfilers by age group for all of Canada. Table 4N presents the number of taxfilers by age group for non-residents whose returns are assessed by the cut-off date. Tables 4A to 4M present the number of taxfilers by age group for each province or territory. Table 3 presents net federal tax for all Canada based on line 420 of the return. This table presents taxable income for all Canada based on line 260 of the return. Table 1 presents the number of taxfilers for all Canada. The tables are available in two formats: portable document format (PDF) and comma-separated values (CSV). registered retirement savings plan income (line 129)Įach table presents taxfiler information by province or territory and federal tax bracket for all returns, up to the cut-off date of January 26, 2018.registered disability savings plan income (line 125).workers’ compensation benefits (line 144).employment insurance and other benefits (line 119).universal child care benefit (line 117).interest and other investment income (line 121).taxable amount of dividends (eligible and other than eligible) from taxable Canadian corporations (line 120).elected split-pension amount (line 116).other pensions and superannuation (line 115).Canada Pension Plan or Quebec Pension Plan benefits (line 114).The following list describes the six major income classifications: Total income is made up of six major income classifications: paid employment, pension income, investment income, self-employment income, social benefit payments, and other income. The Canada Revenue Agency determines the classification based on the largest source of income reported on the taxfiler’s individual income tax and benefit return.įor example, if a taxfiler earned a salary but reported more income from investments, this taxfiler was classified as an investor, not as an employee. Taxfilers do not report their type of work or occupation. Taxfilers who did not state a year of birth are excluded from Tables 4A to 4O as this number is statistically insignificant. The age of the taxfiler is gathered from the reported year of birth on page 1 of his or her individual income tax and benefit return.
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