Table 3
Aggregate income by income source for those above and below the median family after-tax income, 2020 to 2021
| 2020 – Below Median Family After-Tax Income2 4 | 2021 – Below Median Family After-Tax Income2 4 | % Change – Below Median Family After-Tax Income2 4 | 2020 – Above Median Family After-Tax Income2 | 2021 – Above Median Family After-Tax Income2 | % Change – Above Median Family After-Tax Income2 | |
|---|---|---|---|---|---|---|
| Number of Families | 8,554,280 | 8,703,190 | 1.7 | 8,554,040 | 8,703,110 | 1.7 |
| Amount ($1000s) 1 | ||||||
| Total Income | 317,538,995 | 307,666,990 | -3.1 | 1,297,973,265 | 1,332,505,190 | 2.7 |
| Market Income | 169,523,635 | 178,883,055 | 5.5 | 1,141,684,690 | 1,207,356,085 | 5.8 |
| Employment Income | 123,239,105 | 130,953,050 | 6.3 | 931,862,210 | 990,624,110 | 6.3 |
| Government Transfers | 148,015,360 | 128,783,935 | -13.0 | 156,288,575 | 125,149,105 | -19.9 |
| Net Taxes3 | 30,832,890 | 36,052,655 | 16.9 | 247,715,845 | 265,745,740 | 7.3 |
| After-Tax income | 286,706,105 | 271,614,335 | -5.3 | 1,050,257,420 | 1,066,759,450 | 1.6 |
Source(s):
Annual Income Estimates for Census Families and Individuals (T1 Family File) (4105), custom tabulation.
Table note 1
Amounts are expressed in 2021 constant dollars.
Table note 2
In 2021 constant dollars, the median family after-tax income is $61,030 in 2020 and is $59,300 in 2021.
Table note 3
Net Taxes are the sum of income taxes paid less abatements.
Table note 4
Families with family after-tax income equal to the median are included with those below the median
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