Tax Day

Super Rich See Big Tax Drop

Don't let the rich complain about their taxes: The 400 richest taxpayers in the country—average income $345 million—pay about 17 percent of their income in taxes on Monday, down from 26 percent in 1992. Over the same period, the average taxpayer's federal income tax rate has declined less than 1 percent. Still, 45 percent of households will pay no income tax at all.