Pictorial - What the 99% Pays in Federal Taxes

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
	10% - The unemployed who receive jobless benefits are required to pay federal income taxes. Food stamps are not taxed, but these people are castigated by the Republicans for needing them.
	15% - Low paying jobs, usually only part-time hours with no benefits. Many people work two or more of these jobs just to make ends meet. They are sometimes called the "under" employed.
	25% - Middle class jobs, usually full-time with some type of benefits, such as healthcare insurance and/or retirement plans. Inludes many small businesses owners and Warren Buffett's secretary.
	30% - Established small business owners and members of congress if they don't have any other financial interests. Congress receives "gold plated" benefits and makes America's unemployed get drug-tested.
	35% - The top marginal income tax bracket. Mid-size to large business owners, lawyers, federal judges, and doctors. Sometimes referred to as the "upper middle-class". Includes base salaries for CEOs (see bonuses below).
	15% - The top 1% - CEOs such as Mitt Romney and Warren Buffett, bankers, celebrities, (etc) earning capital gains, bonuses, stock-options*, dividends, annuities, trust funds, carried interest, art, gold, jewelry (etc) See the Forbes Fortune 400

* 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