Gross Income | Taxable | to 9225 | to 37,450 | to 90,750 | to 189,300 | to 411,500 | to 413,200 | 413,201+ | Total | Effective Tax Rate | ||||
Income | 10% | 15% | 25% | 28% | 33% | 35% | 39.60% | |||||||
25 percentile | 12,650 | 6350 | 635 | 635 | 5 | |||||||||
50 percentile | 26,500 | 20,200 | 922.5 | 1646.25 | 2568.75 | 9.7 | ||||||||
75 percentile | 49,800 | 43,500 | 922.5 | 1646.25 | 1512.5 | 4081.25 | 8.2 | |||||||
90 percentile | 83,000 | 76,700 | 922.5 | 1646.25 | 9812.5 | 12,381.3 | 14.9 | |||||||
95 percentile | 112,500 | 106,200 | 922.5 | 1646.25 | 13,325 | 4326 | 20,219.8 | 18 | ||||||
99 percentile | 210,000 | 203,700 | 922.5 | 1646.25 | 13,325 | 27,594 | 5040 | 48,527.8 | 23.1 | |||||
99.5 percentile | 450,000 | 443,700 | 922.5 | 1646.25 | 13,325 | 27,594 | 77,770 | 595 | 12,078 | 133,931 | 29.8 | |||
Top 0.2% | 5,000,000 | 4,993,700 | 922.5 | 1646.25 | 13,325 | 27,594 | 77,770 | 11,270 | 1,813,878 | 1,946,406 | 38.9 | |||
New Tax Calculations under Proposed Tax-Band Widening & Rate Changes; Revised Personal Exemption = $20000 | ||||||||||||||
Gross Income | Taxable | to 10,000 | to 40,000 | to 80,000 | to 150,000 | to 300,000 | to 400,000 | 400,000+ | Total | Change | ||||
Income | 8% | 15% | 25% | 35% | 40% | 45% | 50% | % | ||||||
25 percentile | 12,650 | 0 | 0 | From positive to nil | ||||||||||
50 percentile | 26,500 | 6500 | 520 | 520 | −79.8 | |||||||||
75 percentile | 49,800 | 29,800 | 800 | 2970 | 3770 | −7.6 | ||||||||
90 percentile | 83,000 | 63,000 | 800 | 4500 | 5750 | 11,050 | −10.8 | |||||||
95 percentile | 112,500 | 92,500 | 800 | 4500 | 10,000 | 6125 | 21,425 | 6 | ||||||
99 percentile | 210,000 | 190,000 | 800 | 4500 | 10,000 | 24,500 | 16,000 | 55,800 | 15 | |||||
99.5 percentile | 450,000 | 430,000 | 800 | 4500 | 10,000 | 24,500 | 60,000 | 45,000 | 15,000 | 159,800 | 19.3 | |||
Top 0.2% | 5,000,000 | 4,980,000 | 800 | 4500 | 15,000 | 24,500 | 60,000 | 45,000 | 2,290,000 | 2,439,800 | 25.1 | |||