ReportMarch 19, 2018
In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000.
ReportJune 8, 2016
In 2013, households in the top, middle, and bottom income quintiles received 53, 14, and 5 percent, respectively, of the nation’s before-tax income and paid 69, 9, and 1 percent, respectively, of federal taxes.
ReportNovember 12, 2014
In 2011, households in the top, middle, and bottom quintiles received 52, 14, and 5 percent of the nation’s before-tax income, respectively; the shares of federal taxes paid by those households were 69, 9, and 1 percent.
ReportFebruary 18, 2014
Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially.
ReportMay 29, 2013
In 2013, the benefits of 10 of the largest tax expenditures will equal 11.7 percent of income for households in the lowest income quintile, 9.4 percent for the highest quintile, and under 8 percent for the middle quintiles, CBO estimates.
ReportOctober 25, 2011
CBO finds that, between 1979 and 2007, income grew by: 275 percent for the top 1 percent of households; 65 percent for the next 19 percent; just under 40 percent for the next 60 percent; and 18 percent for the bottom 20 percent.
ReportFebruary 16, 2011
This study documents changes in the level and distribution of hourly wages in the United States between 1979 and 2009. It also reviews the research literature on important factors that most likely underlie the observed trends in wages.