Liberal Forum

Federal tax brackets 1970 / 25
Federal tax brackets 1980 / 16
Federal tax brackets 2022 / 7

Average household income 1980 / $21,000
Average household income 2022 / $74,500

Poverty rate 1980 / 13%
Poverty rate 2022 / 11.5%

Percentage of households who paid ZERO net federal taxes 1980 / 19.8%
Percentage of households who paid ZERO net federal taxes 2022 / 40.1%

An ever smaller percentage of people are paying the bills these days.

Rocket Science!