Taxes and the median one- and two-income family.

Position1957, 1977, 1997 - Statistical Data Included - Illustration

1957 Single Dual Median family income $4,495 $5,776 Federal income tax $354 $511 Payroll tax: Employee portion $95 $95 Employer portion $95 $95 Total Federal taxes $906 $1,167 State and local taxes $361 $464 Total taxes $1,267 $1,630 After-tax income $3,322 $4,240 Taxes as a percentage of total income 27.6% 27.8% Inflation-adjusted total taxes (1997$) $6,435 $8,281 1977 Single Dual Median family income $13,148 $18,704 Federal income tax $1,002 $2,102 Payroll tax: Employee portion $746 $965 Employer portion $746 $965 Total Federal taxes $3,157 $4,975 State and local taxes $1,550 $2,205 Total taxes $4,707 $7,180 After-tax income $9,187 $12,489 Taxes as a...

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