Kiplinger has a calculator feature that lets you enter your adjusted gross income (that’s Line 37 from your Form 1040tax return, or Line 4 on the 1040EZ), and shows you where you fall.
To find out where you rank, try the tool.
I plugged in my Happy Wal-Mart income of $50,000, and got this report:
Your $50,000 adjusted gross income (AGI) puts you in the top 50% of earners.
The top-earning 50% of taxpayers reported 86.52% of all AGI and paid 97.75% of total income taxes.
Together, you and the other 68.9 million taxpayers with incomes of $32,396 or more paid a total of $846.4 billion in federal income taxes.
So where do you rank, and were you surprised by the number?
Class warfare… blame the productive, blame the job producers, blame those with vision… instead, how about we look at the real problem: How the Fed Steals for the 1%
If the 1% are the billionaires treating the public like livestock and the 99% are the Starbucks buying, McDonald’s eating, mutual fund investing sheep who enable them I’m not sure what my number is.
