Visualizing Economics » Catherine

Federal Tax Rates by Income for Single Filers: 2009

Catherine — Mon, 15 Mar 2010 14:00:13 +0000

The first of series of infographics I am designing to illustrate the actual 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 including payroll tax or any taxes on capital gains. Those taxes will be investigated later.)

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.

How would you spend your refund?

Catherine — Fri, 05 Mar 2010 06:08:49 +0000

Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com

Another graphic from my client work with TurboTax. I did not create the finished design above. I did performed some behind the scenes research and sketching for this infographic that you can see in this version below:

Franklin Delano Roosevelt’s Income Tax Return from 1913

Catherine — Mon, 01 Mar 2010 04:33:09 +0000

Day 28 of 28 Days of Tax Data

From Franklin Delano Roosevelt’s Tax return from 1913 (the first year of income tax was assessed in the United States)

Australian Tax Collection since 1902

Catherine — Sun, 28 Feb 2010 04:41:02 +0000

Day 27 of 28 Days of Tax Data

From Australia’s future tax system

Graph show the % of GDP collected in taxes.

Income Transfers and Taxes for an Australian family

Catherine — Sat, 27 Feb 2010 04:33:49 +0000

Day 26 of 28 Days of Tax Data

From Australia’s future tax system

Transfers and taxes by level of income for a single income family, two children aged 3 and 8 (2008?09) The area on the top half of the graph is the money transfered to the family while the bottom half shows the taxes paid by the family.

Measuring the size of the Government

Catherine — Fri, 26 Feb 2010 04:00:52 +0000

Day 25 of 28 Days of Tax Data

From Australia’s future tax system

If a country is above the line then its income is greater than its spending. Below the line then its spending is greater than its income.

Size of government — OECD 2007

Australia’s top 10 taxes generate 90 percent of their revenue

Catherine — Thu, 25 Feb 2010 04:19:38 +0000

Day 24 of 28 Days of Tax Data

From Australia’s future tax system

90 percent of the tax revenue collected by the Australian government (including the state and local government) came from 10 taxes:

Diagram of Australia’s Tax System

Catherine — Tue, 23 Feb 2010 05:15:00 +0000

Day 23 of 28 Days of Tax Data

From Australia’s future tax system

This chart

provides a schematic representation of Australia’s tax?transfer system, illustrating the way in which it impacts on individuals’ economic behaviour. It also depicts the elements of the tax?transfer system that are relevant to the operations of Australian businesses. This is indicated by the light blue background shading to the tax elements of the chart. The chart is not intended to be a comprehensive representation of the tax?transfer system. Instead it summarises the major elements of the system and the key linkages between them.

International corporate tax rates 2001 and 2008

Catherine — Tue, 23 Feb 2010 04:25:08 +0000

Day 22 of 28 Days of Tax Data

From Australia’s future Tax System

Some interesting data from a report on Australia’s Tax system. Both graphs are displaying statutory corporate tax rate (i.e. the tax rate that is imposed on taxable income of corporation). Notice that the average of OECD countries has decreased from 32.5% (2001) to 26.6% (2008)

Statutory corporate tax rate 2001

Statutory corporate tax rate 2008

Denmark’s Tax Burden since 1960

Catherine — Mon, 22 Feb 2010 04:57:52 +0000

Day 21 of 28 Days of Tax Data

From Danish Ministry for Taxation

While I am not a fan of the picture I did think the data was interesting

“Tax Burden” = The total taxes and duties as a percentage of the gross domestic product (GDP)

2009 and 2010 are estimates