President Obama's tax increases on the highest income taxpayers raised their effective tax rates for 2013. There were two primary increases:
Expiration of the Bush tax cuts of 2001 and 2003 for the top 1% of taxpayers (income over $400,000 or $450,000 for married filing tax returns jointly).
Payroll tax increases on incomes over $200,000 (roughly the top 5%) as part of the Affordable Care Act ("Obamacare").
Summary
DescriptionAverage US Federal Tax Rates 1979 to 2013.png
English: December 2013 Chart from the US Congressional Budget Office depicting tax rates by income group from 1979 to 2010, and implications for tax rates based on 2013 law.
{{subst:Upload marker added by en.wp UW}} {{Information |Description = {{en|December 2013 Chart from the US Congressional Budget Office depicting tax rates by income group from 1979 to 2010, and implications for tax rates based on 2013 law.}} |Source =...