Name tax incomes percentage incomes keep being 40.6%
Currency Bracket: Dollars Taxed in Bracket: Rate: Taxes From Bracket: After Tax Income: Percentage of Income Kept:
Maximum wage
text text text text text text
1-19288592-1
Scaled taxation
Calculations are made for the top of each bracket
$1 – $40,000 $40,000 15% $6,000 $34,000 85%
$40,000 - $100,000 $60,000 35% $21,000 $34,000 + $39,000 = $73,000 73%
$100,000 - $175,000 $75,000 50% $37,500 $73,000 + $37,500 = $110,500 63%
$175, 000 - $250,000 $75,000 60% $45,000 $110,500 + $30,000 = $140,500 56%
$250,000 - $500,000 $250,000 75% $187,500 $140,500 + $62,000 = $203,000 40.6%
table_19288592_1
SELECT After Tax Income: FROM table WHERE Percentage of Income Kept: = 40.6%
40.6%