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The Distribution of Household Income, 2014

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  • Congressional Budget Office

Abstract

In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest income quintile (fifth) and $281,000 for the highest quintile. Those transfers and taxes increased average household incomes toward the bottom of the income distribution and reduced incomes toward the top of the distribution. After accounting for the effects of transfers and taxes, average household income for the lowest and highest quintiles was $31,000 and $207,000, respectively, CBO estimates.

Suggested Citation

  • Congressional Budget Office, 2018. "The Distribution of Household Income, 2014," Reports 53597, Congressional Budget Office.
    • Handle: RePEc:cbo:report:53597
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    File URL: https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53597-distribution-household-income-2014.pdf
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    Citations

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    Cited by:

    1. Nikolaos Papanikolaou, 2021. "Tax Progressivity of Personal Wages and Income Inequality," JRFM, MDPI, vol. 14(2), pages 1-11, February.
    2. Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2019. "Simplified Distributional National Accounts," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 289-295, May.
    3. David Splinter, 2019. "Who Pays No Tax? The Declining Fraction Paying Income Taxes And Increasing Tax Progressivity," Contemporary Economic Policy, Western Economic Association International, vol. 37(3), pages 413-426, July.
    4. Scott R. Baker & Stephen Teng Sun & Constantine Yannelis, 2020. "Corporate Taxes and Retail Prices," NBER Working Papers 27058, National Bureau of Economic Research, Inc.
    5. Jolliffe, Dean & Baah, Samuel Kofi Tetteh, 2024. "Identifying the poor – Accounting for household economies of scale in global poverty estimates," World Development, Elsevier, vol. 179(C).
    6. Jonathan Rothwell, 2019. "The Political Economy of Inequality in Rich Democracies," LIS Working papers 772, LIS Cross-National Data Center in Luxembourg.
    7. Jeff Larrimore & Jake Mortenson & David Splinter, 2020. "Presence and Persistence of Poverty in US Tax Data," NBER Chapters, in: Measuring Distribution and Mobility of Income and Wealth, pages 383-409, National Bureau of Economic Research, Inc.
    8. Bruce D. Meyer & Derek Wu & Grace Finley & Patrick Langetieg & Carla Medalia & Mark Payne & Alan Plumley, 2020. "The Accuracy of Tax Imputations: Estimating Tax Liabilities and Credits Using Linked Survey and Administrative Data," NBER Chapters, in: Measuring Distribution and Mobility of Income and Wealth, pages 459-498, National Bureau of Economic Research, Inc.
    9. Komlos John, 2018. "On the Accuracy of Estimating the Inflation Rate: Marty Feldstein as Dr. Pangloss," The Economists' Voice, De Gruyter, vol. 15(1), pages 1-3, December.
    10. Gerald Auten & David Splinter, 2019. "Top 1 Percent Income Shares: Comparing Estimates Using Tax Data," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 307-311, May.
    11. Nikolaos Papanikolaou, 2020. "Markov-Switching Model of Family Income Quintile Shares," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(2), pages 207-222, June.
    12. Dana Rotz & Brian Goesling & Hande Inanc & Gregory Chojnacki, "undated". "Economic Benefits of Delayed Sexual Activity," Mathematica Policy Research Reports 248b878cd4254142ac8c13102, Mathematica Policy Research.
    13. Aparna Mathur & Cody Kallen, 2019. "Estimating the distributional implications of the Tax Cuts and Jobs Act," AEI Economics Working Papers 1010239, American Enterprise Institute.
    14. Christopher Wimer & Zachary Parolin & Anny Fenton & Liana Fox & Christopher Jencks, 2020. "The Direct Effect of Taxes and Transfers on Changes in the U.S. Income Distribution, 1967–2015," Demography, Springer;Population Association of America (PAA), vol. 57(5), pages 1833-1851, October.

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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