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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 on theme: "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."— Presentation transcript:

1 Personal Finance Unit 2

2 Taxes

3 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*16.910.52.8 2Florida*13.28.32.3 3South Dakota*11.68.22.1 4Illinois13.811.14.9 5Texas*12.68.83.2 6Tennessee**11.28.62.8 7Arizona12.99.74.7 8Pennsylvania12.09.84.4 9Indiana12.310.75.4 10Alabama10.29.43.8

4 Tax Brackets Table 1. 2015 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 $439,000 39.6%$413,200+$464,850+$439,000+

5 W-2

6

7 Auto Insurance  http://www.iihs.org/iihs/topics/t/general- statistics/fatalityfacts/gender http://www.iihs.org/iihs/topics/t/general- statistics/fatalityfacts/gender  https://www.geico.com/ https://www.geico.com/

8 Health insurance  http://www.healthline.com/health/consumer-healthcare- guide/pros-and-cons-obamacare#Overview1 http://www.healthline.com/health/consumer-healthcare- guide/pros-and-cons-obamacare#Overview1  http://www.scholastic.com/nextgeneration/lessons&workshe ets/health.htm http://www.scholastic.com/nextgeneration/lessons&workshe ets/health.htm


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