[Sorry all, this is a followup in correction
to a message that seems to be stuck in limbo
at fork@kragen.dnaco.net. -dl]
I misspoke earlier. If that 236K AGI had been
in 1998, it would have been in the top 1.7% of
all returns.
It turns out the IRS has to prepare reports yearly
on returns above 200K, and in:
<http://ftp.fedworld.gov/pub/irs-soi/98hiinco.pdf>
they have an interesting table which shows the
effective tax rate versus AGI. Looks like both
the mode and median rates for effective federal
tax are between 5 and 10%.
All returns $200+ AGI
----------- ---------
number of returns 124,770,662 2,085,211
no US income tax 22.6 0.1
with US income tax 77.4 99.9
Under 5% 15.1 0.6
5 under 10% 29.4 0.8
10 under 15% 21.8 2.3
15 under 20% 8.4 12.9
20 under 25% 2.0 37.6
25 under 30% 0.6 29.4
30 under 35% 0.2 13.3
35 under 40% 0.1 3.0
40 under 45% - 0.1
45 under 50% - -
50 under 60% - -
60 under 70% - -
70 under 80% - -
80% or more - -
-Dave
This archive was generated by hypermail 2b29 : Sun Apr 29 2001 - 20:25:47 PDT