Day 6 of 28 Days of Tax Data From USA Today
There is a lot going on in this interactive graphic:
- The main graph is plotting a single salary (in gray) but it is shown adjusted for inflation from 1940 to 2008.
- The colored areas represent the amount of tax appropriated each year to different parts of the federal budget.
- The smaller graph shows the percent of income paid in federal taxes from 1940 to 2008
I have taken screenshots for three different incomes for comparison: $10,000 $100,000 and $1,000,000. You will notice that the percentage of the tax collected for Social Security is greater for the $10,000 income than for the two higher incomes. This is because the % of taxes collected from the Social Security tax is highest on the $10,000 income.