1%-99% - Kipplinger Calculator - See where you fall based on gross income

[Laura PourMeADrink]

http://www.kiplinger.com/tools/income_rank/

Simply enter your income to see how your income stacks up and what portion of the tax burden you bear:

[NYC_SKP]

1. Cool, I didn't know that I was where I am.

But I was DAMNED sure I was in the 99%!

:toast:

[Laura PourMeADrink]

2. I think it made me realize again that there are so many people who

have less and how fortunate we are

[Abin Sur]

5. I'm in the top 50%, the group that pays 97.75% of all income taxes

[vets74]

16. Kiplingers is lying whores. TOTAL TAX BURDEN is the right measure.

These same whores neglect to credit renters for paying real estate taxes.

Where they think that money for rentals comes from ?????

Delusional assholes.

[NYC_SKP]

3. By their calculation, AGI of $345,000 or higher is the 1% break point.

I was playing with the numbers.
That's ADJUSTED GROSS, not one's gross salary, so the $345,000 could be the AGI for a Gross salary much higher.


Your $345,000 adjusted gross income (AGI) puts you in the top 1% of earners.
The top-earning 1% of taxpayers reported 16.93% of all AGI and paid 36.73% of total income taxes.
Together, you and the other 1.4 million taxpayers with incomes of $343,927 or more paid a total of $318.1 billion in federal income taxes.

Read more: http://www.kiplinger.com/tools/income_rank/index.php#ixzz1bNmjB600

[dkf]

4. Income tax calculator

Edit: oops same thing. Thought they would be more specific.

[JVS]

6. What a stupid calculator! All it determines is top 50% or bottom 50%

[Major Nikon]

13. $345,000 gets you in the top 1%

nt

[NYC_SKP]

15. I played with different numbers and it seems to break it down in 5% increments...

Except that it will give you the top 1%.

[sakabatou]

7. Lowest 50% income

Well I have a fixed income (SS).

[Yupster]

11. Just heard

Your fixed income is going up a little bit this year finally.

[Modern_Matthew]

8. Lowest 50%... wage slave at Wally World.

If it weren't for my friends there, I'd be unemployed.

[TheKentuckian]

9. Bottom 50%, every year net payer.

Hell, some years I have to pay more. Single earners always pay unless peanuts would be a raise because you are paid in husks.

Somewhere along the line someone apparently figured that if it is okay to pay minimum wage that it is okay to live on and decided that poverty would be considerably less than full time of that.

[meow2u3]

10. Lowest 50%: fixed income

eom

[sinkingfeeling]

12. Top 25%, although these calculators don't ask if the income is for a single or family.

[Blecht]

14. The more money one makes

the less "burden" due to money issues one feels.

I hate things framed like this. It's so Republican and so misleading -- designed purely to make the well-off feel justified in telling the poor to fuck off and get a job.

[Zywiec]

17. See what percentage you are compared to the rest of the world

http://www.globalrichlist.com/

Here your income is compared to the rest of humanity.

[cleanhippie]

18. THAT is a great tool for some much needed perspective.

Thanks for that link. Sharing.

[Ikonoklast]

19. That calculator is total bullshit. Massively flawed.

My gross income is in the low six figures; after expenses, taxes paid, all federal, state, and local fees. etc., I net less than I paid in all taxes in any given year, but based on my net, it says I pay very little in taxes.

[burrowowl]

20. K&R