Three on Thursday - Tax Day Reality Check: The Data on Who Pays

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In honor of Tax Day, this week’s “Three on Thursday” takes a closer look at federal income taxes using the latest available Internal Revenue Service (IRS) data from 2023. That year, Americans filed 153.1 million tax returns, reporting more than $15.2 trillion in adjusted gross income (AGI) and paying over $2.1 trillion in individual income taxes. But what do the actual data reveal? It may hold some surprising revelations. To offer deeper insights, click the link below to read more.

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Posted on Thursday, April 16, 2026 @ 11:36 AM

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.