Question: Who are the people that are at 33% of tax bracket?

[Sebass1271]

I am not a tax expert, but I would like to know who are the earners that are at 33% of their tax bracket. How much money do these people make? What is the tax bracket for the majority of americans who earn $40-$50 thousand dollars per year?

I would like to know and would appreciate if any DUer can supply me with this information.

Thank you.

[EOTE]

1. Here ya go.

http://www.moneychimp.com/features/tax_brackets.htm

[The Wielding Truth]

2. Excellent site.

[Sebass1271]

3. THANK YOU!

this is very informational!. : ) will save it under my favorites.

[EOTE]

6. No problem. NT.

[county worker]

14. Don't forget to add state and local taxes and fica, medicare.

[David__77]

4. This structure is so weird.

Not enough brackets, period.

[Lance_Boyle]

5. Agreed. Particularly egregious is the lack of a 20% bracket between

the 15% and the 25% ones.

[David__77]

8. That is disturbing, yes.

I think we should move to a system of on-line tax filing only, with supporting documentation to be digitally sent. The system should be transparent, but not necessarily "simple" at the expense of fair.

[FarCenter]

11. Note that the actual computation is a piece-wise linear function

Everyone, no matter how high their income, only pays 10% tax on their first $16,700 of income (if married, filing jointly). Then 15% on the next 51,200, and so forth.

[TicketyBoo]

13. Right.

I posted the same information before I saw yours.

[A HERETIC I AM]

7. Lots of Doctors, Lawyers, Dentists....

Engineers, Brokers, both real estate and stock. Lot's of different professions.

You probably know one or know someone who does know one.

You probably pass by a business on a regular basis where the owner falls into that bracket.

[bighart]

9. The numbers on the linked site are AGI

adjusted gross income after all deductions.

[historian]

10. question

the site doesnt take into account state taxes, medicare and other bs taxes does it? Still its helpful thanks for posting

[TicketyBoo]

12. Note that it does tax you in the lower brackets first.

So you're not paying your tax solely based on the top tax bracket in which you fall.

[ThomWV]

15. Probably nobody pays that much, they have Accountants; Buffett pays 16%

Warren Buffett, interviewed many times, has said that he paid a lower income tax rate than his secretary and when asked says that he pays around 16% he secretary pays closer to 18%.