I wanted to try out the new Tableau Public so I took the Average Tax Rates I calculated for my Comparing Rates by Income series and created this little graph. A couple disclaimers: I am assuming standard deduction and exemptions for the children and/or spouse in each example. Also I am combining all the taxes applied to your salary including: Income, Social Security, Medicare, and Payroll (paid by your employer).
Since this is a live, interactive chart you can hide/show each line using the check boxes at the bottom of the graph.
Updated April 13, 2010: I don’t think my original labels were clear so I tried to fix it with new labels and I reorder the graphs.
This is a new infographic illustrating the marginal federal tax rate applied to different salaries. It shows the difference between the combined rate levied on an employee (Income + SSN + Medicare marginal tax rate) and the additional rate levied on the employer, i.e. the payroll tax (SSN + Medicare tax) I am using the same examples that I created in the previous six graphics looking at the average tax rate.
The sixth 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 a married couple with to kids and one salary. With 2 kids there are 2 more exemptions which increases the income tax cut offs for all tax brackets compared to the married with no children graphic.
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 couple filing jointly or qualifying widow(er):
which you can find from the IRS Tax Tables here while the information about the social security and medicare tax can be found here.
The fifth 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 a Head of Household with one child.
The difference between this graph and the couple with one income is the smaller standard deduction and lower cut offs for 10%, 15%, 25%, and 28% rates both of which raises their average income tax rate.
The income tax graph is created from the 2009 tax schedule for a Head of Household:
which you can find from the IRS Tax Tables here while the information about the social security and medicare tax can be found here.
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.
The third 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 married couples filing a joint tax return but with 2 incomes (same salary for each).
The difference between this graph and the couple with one income is that the the Social Security Tax cut off is now $213,600 (instead of $106,800), which increases their average SSN tax rate and their combined tax rates.
The income tax graph is created from the 2009 tax schedule for a couple filing jointly or qualifying widow(er):
which you can find from the IRS Tax Tables here while the information about the social security and medicare tax can be found here.
Visualizing Economics was created by Catherine Mulbrandon. Here you can view graphs and charts about the United States and world economies. I am available for freelance projects.