Tax Rates: Individual Income vs Social Insurance 2005

Tax Rates: Individual Income vs Social Insurance

Inspired by the tax rate graph in my previous post, I created this graph comparing the effective tax rates for the Federal Individual Income tax and Social Insurance (payroll) tax by household quintile. The Earned Income Tax Credit accounts for the negative individual income tax rate for the lowest and second quintiles. {Click on the image to take a closer look}

Data from Congressional Budget Office

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