CIA

Average Tax Rates for Married Filing Separately: 2009

by Catherine Mulbrandon on March 24, 2010

The fourth in series of infographics I am designing to illustrate the average federal tax rate applied to different salaries. This time I am graphing the average tax rates for someone while married is filing a separate tax return from their spouse.

The difference between this graph and that of a single taxpayer is that the cut offs for 28%, 33% and 35% rates are lower which will increases the average tax rates for people with an income over $78,000.

The income tax graph is created from the 2009 tax schedule for someone married filing separately from their spouse:

which you can find from the IRS Tax Tables here while the information about the social security and medicare tax can be found here.

{ 2 comments }

Average Tax Rates up to $400,000 for Single Filers: 2009

by Catherine Mulbrandon on March 15, 2010

UPDATE 3/17/2010: I added more information about marginal tax rates by graphing the combined marginal tax rate line in the last graph. Also clarified that the employer-side of the payroll taxes are not included

The first of series of infographics I am designing to illustrate the average federal tax rate applied to different salaries. I want to show how the marginal income tax rates + social security and medicare taxes combine together for a single taxpayer up to $400,000. (This graphic does not include payroll taxes paid by the employer.)

A little background about this data. If you take a look at your W-2 form you can see that there are 3 different taxes applied to salaries and wages:

The income tax graph is created from the 2009 tax schedule for a single taxpayer:

which you can find from the IRS Tax Tables here while the information about the social security and medicare tax can be found here.

{ 11 comments }

Payroll taxes 1970 vs 2004

by Catherine Mulbrandon on February 15, 2010

Day 15 of 28 Days of Tax Data

From Economist View

Here are tax rates by income group. In the graph we are looking at the payroll tax 1970 in blue and 2004 in red. I you might notice the payroll tax is much higher now especially on people in the bottom 99%.


{ 0 comments }

Tax rates and Government Spending

by Catherine Mulbrandon on February 6, 2010

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.

$10,000

$100,000

$1,000,000

{ 3 comments }