Day 10 of 28 Days of Tax Data
From the Tax Foundation
This is showing the effect of different type of taxes on the poorest 20 percent from 1979-2005
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Congressional Budget Office
Comparing the projections of the Federal Budget after 2009: Baseline (if no change in policy were happen) vs the President’s Budget.
Graph from CBO’s March report found via Economix Blog – NYTimes.com
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ADDED NEW VERSION 2/10/2009
Recently the CBO published a supplement to their Historical Effective Federal Tax Rates: 1979 to 2005 report to include a breakdown of top 1% into smaller percentiles. I took the data for income and created this visualization. It is comparing the minimum income for each percentile to the average income in that percentile.
UPDATED VERSION {Click on the image to take a closer look}
ORIGINAL VERSION {Click on the image to take a closer look}
Data from Congressional Budget Office
[tags]United States, High Income[/tags]
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I updated a previous graph, comparing the effective tax rates for the Federal Individual Income and Social Insurance (payroll) by adding Excise and Corporate Income. Additionally, I added the tax rates for the Top 1%. Note: the effective tax rate increases for both individual and corporate income the higher the household’s income, while the social insurance and excise tax rate decreases.
{Click on the image to take a closer look}
Minimum household income:
Lowest Quintile $0
Second Quintile $17,900
Middle Quintile $30,500
Fourth Quintile $45,200
Highest Quintile $67,400
Top 1% $307,500
Data from Congressional Budget Office
[tags]Tax Rates, United States, Income tax, Social Security, Corporate Tax, Excise Tax[/tags]
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