How have federal income and payroll tax bills changed for US families in the last 30 years?

Link: https://usafacts.org/articles/how-have-federal-income-and-payroll-tax-bills-changed-for-us-families-in-the-last-30-years/

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Excerpt:

From 1988 to 1993, the average federal income tax bill for American families increased by over $1,000 in 2019 dollars. Families in the top 1%, the middle class and elderly families had increases in their federal income tax bills. But for middle-class families with children, tax bills over that time decreased.

The payroll tax changes caused the average payroll tax liability for employers and employees combined to increase by nearly $400. Payroll tax policy hasn’t changed significantly since the 1993 law.

Publication Date: 26 April 2022

Publication Site: USA Facts