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554. Federal Individual Income Tax--Current Income Equivalent to 1995 Constant Income for Selected Income Groups

[Constant 1995 dollar incomes calculated by using the NIPA Chain-Type Price Index for Person Consumption Expenditures (1996 = 100) 1994, 95.70; 1995, 97.90; 1996, 100.0; 1997, 101.98; 1998, 102.93; and 1999, 104.57]

 
Adusted gross income 1994 1995 1996 1997 1998 1999
 
REAL INCOME EQUIVALENT
 
Single person, no dependents:
  $5,000 4,790 4,900 5,000 5,100 5,150 5,230
  $10,000 9,570 9,790 10,000 10,200 10,290 10,460
  $20,000 19,140 19,580 20,000 20,400 20,590 20,910
  $25,000 23,930 24,480 25,000 25,500 25,730 26,140
  $35,000 33,500 34,270 35,000 35,690 36,030 36,600
  $50,000 47,850 48,950 50,000 50,990 51,470 52,290
  $75,000 71,780 73,430 75,000 76,490 77,200 78,430
Married couple, 2 dependents: 1
  $5,000 4,790 4,900 5,000 5,100 5,150 5,230
  $10,000 9,570 9,790 10,000 10,200 10,290 10,460
  $20,000 19,140 19,580 20,000 20,400 20,590 20,910
  $25,000 23,930 24,480 25,000 25,500 25,730 26,140
  $35,000 33,500 34,270 35,000 35,690 36,030 36,600
  $50,000 47,850 48,950 50,000 50,990 51,470 52,290
  $75,000 71,780 73,430 75,000 76,490 77,200 78,430
 
EFFECTIVE RATE (PERCENT)
Single person, no dependents:
  $5,000 2 -6.4 -6.4 -6.5 -6.5 -6.6 -6.6
  $10,000 5.2 5.2 5.2 5.0 4.9 4.9
  $20,000 10.1 10.1 10.1 10.0 9.9 9.9
  $25,000 11.1 11.1 11.1 11.0 10.9 11.0
  $35,000 13.9 13.9 13.8 13.7 13.5 13.5
  $50,000 17.6 17.6 17.5 17.5 17.3 17.3
  $75,000 20.4 20.4 20.4 20.3 20.2 20.2
 
Married couple, 2 dependents: 1
  $5,000 2 -30.0 -36.0 -40.0 -40.0 -40.0 -40.0
  $10,000 -26.4 -31.8 -35.6 -34.9 -36.5 -36.5
  $20,000 -3.3 -5.0 -6.6 -6.2 -7.8 -7.8
  $25,000 3.9 3.0 1.9 2.2 1.0 1.0
  $35,000 7.8 7.8 7.8 7.6 7.5 7.5
  $50,000 9.9 9.9 9.9 9.9 9.8 9.8
  $75,000 14.5 14.5 14.4 14.3 14.2 14.1
 
MARGINAL TAX RATE (PERCENT)
 
Single person, no dependents:
  $5,000 0 0 0 0 0 0
  $10,000 15.0 15.0 15.0 15.0 15.0 15.0
  $20,000 15.0 15.0 15.0 15.0 15.0 15.0
  $25,000 15.0 15.0 15.0 15.0 15.0 15.0
  $35,000 28.0 28.0 28.0 28.0 28.0 28.0
  $50,000 28.0 28.0 28.0 28.0 28.0 28.0
  $75,000 31.0 31.0 31.0 31.0 31.0 31.0
 
Married couple, 2 dependents: 1
  $5,000 2 -30.0 -36.0 -40.0 -40.0 -40.0 -40.0
  $10,000 0 0 0 0 0 0
  $20,000 32.7 35.2 36.1 36.1 36.1 36.1
  $25,000 32.7 35.2 36.1 36.1 36.1 36.1
  $35,000 15.0 15.0 15.0 15.0 15.0 15.0
  $50,000 15.0 15.0 15.0 15.0 15.0 15.0
  $75,000 28.0 28.0 28.0 28.0 28.0 28.0



1 Only one spouse is assumed to work.
2 Refundable earned income credit.

Source: U.S. Dept. of the Treasury, Office of Tax Analysis, unpublished data.



https://allcountries.org/uscensus/554_federal_individual_income_tax_current_income.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.