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