Tax break analysis

[thedr9wningman]

Currently, there's a debate about tax breaks in Congress (in case you haven't heard). The Washington Post shows an excellent infographic of how it may change your income.

Personally, I think these sorts of things should be normalised to the average wage to show the percentage of income to a normal person so that the argument is on equal footing.

Comments

[nixzusehen]

Ugh, that graph is crappy.

Do they mean overall tax rate or marginal tax rate? Average tax change over what time period?

Just had to bitch. They should hire some of the NYT's infoviz people. :)

no doubt

[negative_to_you]

I was thinking the same thing. About all I got from it was the current and proposed tax rates and the bubbles.

I guess I like Obama's plan best. When I saw what happened to the $58-111K and $111K-599K (or whatever) groups in the full expiration tab I was thinking that I know a lot of two-wage earner families in the $55-200K range who are loaded down with long-term debt from kids, colleges and mortgages and who have as much difficulty getting by as the group below them. One can judge their choices in life, but it's a red herring. The fact is that they are in the "American Dream" range, and consume a lot with their disposable income. They are the middle class of today that we are squeezing. Obama's plan eased the tax burden on these folks. However, I don't think that $111K-600K should be grouped together. The break should be closer to $200K to be more realistic, and ideally two groups would be created from this one to represent rural and urban middle class.