Federal income tax tables from the IRS are very boring and sometimes confusing for many people, so I created a simple pictorial that explains them much more easily by using some sample occupations and their approximately related income tax brackets.
Occupation |
Tax Rate |
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* What large corporate CEOs pay themselves from revenues generated through corporate income. This includes oil tycoons, big defense contractors, big bankers, hedge-fund managers, private equality managers, investment bankers like Goldman Sachs, automotive executives, and all the other robber barons in the top 1%. The 99% has been getting ripped off since 1921 with these preferential tax rates for the uber-wealthy.
Click photo below for a poster version of this page.
Other related subjects I posted:
More posts on Mitt Romney:
- Mitt Romney Comes Clean
- Mitt Romney, the Forbes Fortune 400, and Taxes
- How Mitt Romney & the 1% Evades Taxes
- Mitt Romney - Mister 15% and Platinum Parachutes
- Efficiency expert Mitt Romney: "You're expendable."
- Mitt Romney Knows Envy Better than Anyone
- Mitt Romney Connected to $8.5 billion Ponzi Scheme
- For Mitt Romney, the Joke's on Us
- Mitt Romney was the real-life Gordon Gekko
My related Posts:
- How the 1% Bilks the 99%
- Investment versus Speculation
- The "SWAG" Economy of the 1%
- GOP Claims Tax Evasion as Excuse to Cut Taxes
- For Mitt Romney, the Joke's on Us
- Historical Tax Rates on the Rich (1862 to 2011)
- The Second Gilded Age: History Repeats Itself
- Mellon: The Banker Who Rigged the U.S. Tax Code
- The GOP Tax Plan - Ignorance, Insanity, or Greed?
- We have a Revenue Problem, Not A Spending Problem
- 280 Corporations are "Too Big to Tax"
- Trickle-Down Economics: The Cruel 30-Year Hoax
- You Pay Hidden Entitlements for the Rich
- Record Profits + Record Bonuses = Zero Jobs
- Low Wages Kills Jobs, Not High Taxes
- Trade Agreement Passes in Middle of Job Crisis
- Apple Inc. is Rotten to the Core
- America's Race to the Bottom
- Corporations & Banks Now Sit on $3.6 Trillion
- Who will "Live Free or Die" with FREE MARKETS in 2012?
Other Related Outside Articles:
- "The richest 1 percent have more financial wealth than the bottom 95 percent combined."
- The total net worth on the Forbes 400 List marks $1.5 Trillion in 2011
- The Global Super-Rich Stash: Now $25 Trillion
- Historical Tax Rates and Time-line
- Capital gains from Citizens for Tax Justice
- 1977 - 2007 tax rates from U.S. Treasury
- Economic Policy Institute on capital gains taxes
- Capital gains explained from U.S. Internal Revenue Service
- The great corporate tax scam
SPOILED BANKERS
ReplyDeleteMorgan Stanley announced earlier this month that it would cap cash bonuses for 2011 at $125,000 for it's employees. The CEO told disgruntled employees: "If you're really unhappy, just leave."
http://www.huffingtonpost.com/2012/01/26/james-gorman-morgan-stanley-ceo_n_1232345.html