Your Salary Info US History.

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Presentation transcript:

Your Salary Info US History

Current Tax Information Fill out your first tax sheet with the following information

Federal Income Tax Rates by Salary 10% $0 – $9,325 15% $9,326 – $37,950 25% $37,951 – $91,900 28% $91,901 – $191,650 33% $191,651 – $416,700 35% $416,701 – $418,400 39.6% $418,401+

California Income Tax Rates by Salary $0.00 – $7850.00 1% $7,850.00 - $18,610.00 2% $18,610.00 – $29,372.00 4% $29,372.00 – $40,773.00 6% $40,773.00 – $51,530.00 8% $51,530.00 – $263,222.00 9.3% $263,222.00 - $315,866.00 10.3% $315,866.00 – $526,443.00 11.3% $526,443.00 – $1,000,000.00 12.3% $1,000,000.00+ 13.3%

Social Security Tax 6.2%

Medicare Tax Rate 1.45%

Retirement Add 4% for your retirement The average American saves 4% to their 401k program

Trump (1930s Supreme Court) Fill out your Trump & 1930s Supreme Court tax sheet with the following information

Trump Federal Tax Plan 0% $0 – $25,000 10% $25,000 – $50,000 20% $50,000 – $150,000 25% $150,000 – and up

California Income Tax Rates by Salary $0.00 – $7850.00 1% $7,850.00 - $18,610.00 2% $18,610.00 – $29,372.00 4% $29,372.00 – $40,773.00 6% $40,773.00 – $51,530.00 8% $51,530.00 – $263,222.00 9.3% $263,222.00 - $315,866.00 10.3% $315,866.00 – $526,443.00 11.3% $526,443.00 – $1,000,000.00 12.3% $1,000,000.00+ 13.3%

Social Security and Medicare Social Security Tax – 0% Medicare Tax – 0%

Retirement Add 4% for your retirement The average American saves 4% to their 401k program

Huey Long (Modern Socialism) Tax Plan Fill out your Huey Long & Modern Socialism tax sheet with the following information

Huey Long Tax Plan Free College for all Guaranteed Income for all 30 hour work week 6 weeks paid vacation 52 weeks maternity leave (100% salary) Old Age Salary

Huey Long Federal Taxes 0 – $75,000 = 55% $75,000 – 150,000 = 60% $150,000 – above = 75% State Tax = 0% Social Security Tax = 8% Medicare = 2%

Huey Long Tax Info State Tax = 0% Social Security Tax = 8% Medicare = 2%

Retirement 0% for retirement under the Huey Long Plan