Federal Income Taxes in the U.S.

What percentage of the federal government's total receipts comes from individual income taxes?

• 25%

• 48.5%

• 54%

• 30%

What is the average effective tax rate for taxpayers with AGIs between $2 million and $10 million?

• 25.5%

• 28%

• 1.5%

• 10.3%

How many individual tax returns in 2020 showed no AGI and hence no taxable income?

• 5.3 million

• 60.3 million

• 4,600

• 27.7 million

What is the average effective tax rate for taxpayers with AGIs below $30,000 after refundable tax credits were applied?

• 1.5%

• -14.8%

• -10.3%

• 25.5%

Which tax law overhaul had the biggest impact on upper-middle-income taxpayers?

• Bush tax cuts of 2001 and 2003

• Provisions aimed at higher-income taxpayers in 2013

• Trump tax cuts of 2017

• None of the above

What percentage of total individual income tax collections in 2020 came from taxpayers with AGIs of $10 million or more?

• 12.6%

• 30%

• 54%

• 0.02%

What percentage of estimated total receipts does the government expect to collect from corporate taxes in 2023?

• 11.4%

• 48.5%

• 30%

• 54%

What percentage of U.S. adults are bothered a lot by the complexity of the tax system?

• 53%

• 61%

• 38%

• 60%

What percentage of U.S. adults are bothered a lot by the feeling that some corporations don't pay their fair share of taxes?

• 53%

• 61%

• 38%

• 60%

What percentage of U.S. adults are bothered a lot by the feeling that wealthy people don't pay their fair share of taxes?

• 53%

• 61%

• 38%

• 60%