Five Charts Show What Americans Really Pay in Taxes

Mug and laptop A lot of Americans feel like they’re getting cheated at tax time. In a Pew Research Center poll last year, 61 percent said it bothered them “a lot” that “some wealthy people don’t pay their fair share.”

Try defining “fair share.” But you can learn a lot about the U.S. tax burden by looking at five simple charts.

Certain well-paid people pay out a good chunk of their salaries. This year, a single filer owes the Internal Revenue Service 39.6 percent of any income over $415,050. That’s up from 35 percent as recently as 2012, though it’s nowhere near the rates the wealthy paid from the 1930s to the 1970s.

Do you have the support you need to manage your small business bookkeeping? Schedule a 30-minute appointment to speak with a local small business adviser.