Personal Finance Unit 2. Taxes The "Terrible 10" list The most regressive state tax systems in the US Taxes as a percentage of income on the poorest.

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Presentation transcript:

Personal Finance Unit 2

Taxes

The "Terrible 10" list The most regressive state tax systems in the US Taxes as a percentage of income on the poorest to the wealthiest. RankStatePoorest 20%Middle 60%Top 1% 1Washington* Florida* South Dakota* Illinois Texas* Tennessee** Arizona Pennsylvania Indiana Alabama

Tax Brackets Table Taxable Income Brackets and Rates RateSingle FilersMarried Joint FilersHead of Household Filers 10%$0 to $9,225$0 to $18,450$0 to $13,150 15%$9,225 to $37,450$18,450 to $74,900$13,150 to $50,200 25%$37,450 to $90,750$74,900 to $151,200$50,200 to $129,600 28%$90,750 to $189,300$151,200 to $230,450$129,600 to $209,850 33%$189,300 to $411,500$230,450 to $411,500$209,850 to $411,500 35%$411,500 to $413,200$411,500 to $464,850$411,500 to $439, %$413,200+$464,850+$439,000+

W-2

Auto Insurance  statistics/fatalityfacts/gender statistics/fatalityfacts/gender 

Health insurance  guide/pros-and-cons-obamacare#Overview1 guide/pros-and-cons-obamacare#Overview1  ets/health.htm ets/health.htm