Average income of the superrich: $ 202400000 | Top iPad Finance ...

NEW YORK (CNNMoney) ? The 400 tax filers at the top of the income scale took in an average of $ 202.4 million in 2009 ? a 25% discount to the previous year, according to the latest data from the IRS tax.

The Agency recently to the latest annual analysis of tax returns from the 400 filers with the highest adjusted gross income. Your average AGI decreased from $ 270.5 million in 2008. But their real income may have been even higher, since AGI does not include tax-exempt income such as interest from municipal bonds. The average income tax amounted statement under the Top 400 in 2009 to approximately $ 41 million, compared with almost $ 49 million a year earlier. All the Top 400 as a group paid an average effective tax rate of 19.9% ??to 18.1% last year. The average effective tax rate is a measure of one?s total income tax bill by AGI divided. Individual but drew about 40% of them in an effective rate higher than 25%. But nearly one-third paid an effective tax rate below 15%, which is also the case for the majority of Americans. lower-income households have very low effective tax rates due to a variety of credits, deductions and exemptions, which cancel each other much, if not all of their tax liability. Many enjoy the highest incomes low effective tax rates because they often make a lot of their money from investments, such as capital gains, which are typically at a much lower price than the 35% top rate on ordinary income tax. Plus they tend to be far more itemized deductions, such as for charitable contributions to take than any other. The Composition of the incomes of the top 400 in 2009 ? most of it came from capital gains ? offers a mixed picture:

their salary and wage income, on average, $ 22,300,000, compared to . $ 28.4 million the year before.

The dividend rose, but fell on her taxable income from interest, capital gains and partnerships and S corporations. At the same time, its net income rose a little and dropped their business losses. The very wealthy in deductions claimed less broken than it did the year before. and their average donations, which together claimed almost half of all deductions, decreased by 28% compared to what they had been the year before.

First Published on 5 June 2012: 06.55 clock ET

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