Federal Tax Burdens for Most Near Their Lowest Levels in Decades
With April 15 approaching and many people focusing on what they owe in taxes, Americans may be surprised to learn that federal tax burdens for most income groups, particularly middle-income households, are near their lowest levels in decades — and were low by historical standards even before the 2001 and 2003 tax cuts.
Most income groups paid a smaller share of their income in federal taxes in 2006 than in any year before 2003 for which we have data. The drop in tax burdens was driven largely by a pronounced fall in individual income tax burdens that, for most income groups in 2006, approached their lowest levels since 1979
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