Federal Reserve Bank of St. Louis logo
Skip to main content

2006, No. 7
Posted 2006-03-02

Income Taxes: Who Pays and How Much?


The author examines income taxes for 2003 by income group, including shares of total taxes paid and average tax rates. The average tax rate for the top 50 percent was 13.4 percent, while the rate for the bottom 50 percent was 3 percent.