Individual income tax rates and tax shares, 1994

Average individual income tax rates went up to 14.3% of adjusted gross income in 1994, as more taxpayers moved into higher tax brackets. The 1994 average was the highest since 1986, the year before the Revenue Act of 1986 took effect. The average tax per return was $6,104 in 1994, which was $287 more than 1993. Total income tax for the year, including $2.2 bil in alternative minimum tax and after taking off $8.9bil in tax credits, went up 6.4% to $534.8 bil. By contrast, adjusted gross income went up 4.8% to $3,736.6 bil.