Day 12 of 28 Days of Tax Data
From Political Math
Here is a graph showing how the rich make more income and pay even more in taxes. While the upper middle class pay about the same percentage in taxes as the make. Finally the lower 60% pay less in taxes then their % of the nation income.
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Day 5 of 28 Days of Tax Data
Created by Ross Crooks found on Mint
There is a lot going on in this graphic. First, keep in mind that a “Tax unit” is either a single person, two people married filling jointly, or head of household (for example a single person with dependent child).
The gray dashed bars are the tax units that don’t owe any taxes to the Federal Government. What struck me was that these people can be found at all income levels.
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Day 2 of my 28 days of Tax Data series
From The Turbo Tax Blog
FYI this was some of my client work although I didn’t create the finished design above. Instead I performed some behind the scenes research and sketching for this infographic that you can see in this plain b&w version below:
Historical data can be found at the IRS
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(I am starting a new series today: 28 days of Tax Data where I will be posting each day something I find interesting about the Untied States’ Tax System)
From the Tableau Software blog Ellie Fields posted an analysis last year comparing the amount collected from Employment tax (Social Security, Medicare, Federal Unemployment taxes which are taxed per employee) vs the amount collected from Corporate tax (which is taxed per dollar of profit). This is for the Federal Government only.
The first graph shows that since the 1960s the amount of taxes from employment has increased relative to corporate taxes
The second graph is plotting the % change in the different between employment and corporate taxes collected. As each recession hit (shown as thick lines of red and pink) taxes collected from employment drop faster (i.e. layoffs) than from corporate taxes (less profit).
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Visualizing Economics was started in 2006 by Catherine Mulbrandon. Here you will find graphics explaining the US economy.
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