The Average Federal Income Tax Return
- In 2008, 142.5 million people filed individual federal returns, totaling $1 trillion. The statistical average of those two figures suggests that the average tax paid per return was slightly more than $70,000. Fortunately, because the top 5 percent of taxpayers account for 60 percent of federal income tax collected, the average tax was actually $11,379.
- The IRS offers interesting statistics about individual taxpayers' returns. More than two-thirds of all taxpayers take the standard deduction instead of itemizing. More than one-half of taxpayers hire a professional tax preparer. Slightly more than three-fourths take advantage of E-filing. This paints a picture of a person without a lot of deductions who is not confident enough to prepare a tax return, and either owns or knows someone who owns a computer.
- All businesses and non-profit organizations are required to file an annual tax return. That includes those who had no profits. Data necessary to compute reliable averages is not currently available.
The Average Individual Tax Return
The Average Individual Taxpayer
Other Federal Income Tax Returns
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