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The top 25% earned an average of $276,414, boosted by the very high earners.
The bottom 50% earned an average of just less than $20,000.
Thats especially true if you live in the Northeast.
Even pricey California cant crack the Top 5, coming in at No.
6 with an average of $655,180.
As previously reported by GOBankingRates, the topfederal income tax ratein 2024 is 37%.
Its worth noting that the top marginal tax rate has been much higher throughout U.S. history.
It peaked at 94% in 1944 and 1945, according to the Tax Policy Center.
The lowest rate in recent history was 28% in the late 1980s.
