Wednesday, April 16, 2014

How America Pays Taxes—Charts

How America Pays Taxes—in 10 Not-Entirely-Depressing Charts - Derek Thompson - The Atlantic
From Comments:
These charts are already OUTDATED:
Here is just a partial list of changes to the IRS tax code for couples making at least $450,000 ($400,000 single) which went into effect in 2013:
Income tax bracket went from 35% to 39.6%
Capital gains tax went from 15% to 20%
Dividend tax went from 15% to 20%
ACA Medicare Payroll Tax from 0% to 0.9% - income over (200,000 single - 250,000 couples)
ACA Medicare surtax from 0% to 3.8% - income over (200,000 single - 250,000 couples)
*Other tax went from 35% to 39.6%
These tax increases were all passed by Congress and signed by the President. Let's not forget the limitation placed on itemized deductions, which is often referred to as PEASE.
*Other - unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations
Many other 2013 federal tax increases can be found at - fidelity viewpoints personal-finance taxpayers-guide

No comments:

Post a Comment