Must-Know Tax Statistics [Recent Analysis]

Statistic 1

"45% of U.S. households pay no federal income tax,"

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Statistic 2

"The top 1% paid a greater share of individual income taxes (38.5%) than the bottom 90% combined (29.9%),"

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Statistic 3

"In 2020, the U.S. collected $3.42 trillion in tax revenue,"

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Statistic 4

"In 2023, the Tax Cuts and Jobs Act will lower income taxes for 65% of households,"

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Statistic 5

"The average UK taxpayer paid £7,400 ($10,307) in income tax in 2020,"

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Statistic 6

"France has one of the highest tax-to-GDP ratios in the world at 46.1%,"

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Statistic 7

"United States ranks 32nd in the Tax Foundation’s International Tax Competitiveness Index,"

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Statistic 8

"Between 1950 and 2018, the US corporate tax revenue as a percentage of GDP has averaged 1.7%,"

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Statistic 9

"Spain collects around 34.5% in tax as a percentage of GDP,"

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Statistic 10

"Japan’s national tax revenue hit a record high of 62.4 trillion yen ($578 billion) in fiscal 2019,"

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Statistic 11

"Only about 15% of taxpayers itemize their tax deductions,"

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Statistic 12

"In Russia, a flat rate of 13% on personal income is deducted as a tax,"

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Statistic 13

"In 2020, only about 0.6% of US taxpayers were audited, according to the IRS,"

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