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ERIC Number: ED285819
Record Type: RIE
Publication Date: 1987-Jun
Pages: 57
Abstractor: N/A
Reference Count: N/A
Household After-Tax Incomes 1985.
Nelson, Charles T.
Current Population Reports, Series P-23 n151 Jun 1987
In 1985, mean after-tax household income increased faster than inflation for the fourth consecutive year. Mean household income after taxes was $22,650 in 1985, up by 0.9 percent over the 1984 figure. Mean household income before taxes ($29,070) increased by 1.3 percent after adjusting for inflation. The mean after-tax incomes of both White households ($23,480) and Black households ($15,790) increased. The income of Hispanic households ($17,920) showed no significant change. The income of households in the Northeast ($23,650) experienced the largest increase of the four regions. Tax payments reduced the amount of income available to households by about $569 billion or 22 percent of income received. Households below the poverty level paid eight percent of their income in taxes. Federal income taxes accounted for 56 percent of total taxes. Extensive tables are included showing comparative income and taxes. The study methodology, data sources, definitions and explanations are included in the appendices. (SM)
Publication Type: Reports - Research; Collected Works - Serials
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Bureau of the Census (DOC), Suitland, MD. Population Div.