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"The average federal income tax payment in 2018 was $15,322, according to the most recent data available from the IRS. " So it's doubling taxes for 1 year, or
by nly 6y ago
"The average federal income tax payment in 2018 was $15,322, according to the most recent data available from the IRS. "
So it's doubling taxes for 1 year, or +5% for 20 years. Hardly "slightly elevated tax rates".
- whatshisface 6y agoOnly a fraction of total income is accounted for by all of the incomes equal to the average and below.