The Income Tax Ranking Calculator – See Where Your Income Puts You in Relation to All Other U.S. Taxpayers

Kiplinger has a simple income tax calculator that will tell you where your annual income ranks among the annual income of all U.S. taxpayers.  Just enter your taxable income and click.  Kiplinger says: “Using data released by the IRS, Kiplinger has built a tool to show your income status compared to your fellow Americans.  The income breakdowns are based on adjusted gross income (AGI) reported on 2007 tax returns — the latest statistics available.

Here are some sample results:

  • $32,000 income:  lowest 50% of earners; lowest-earning 50% of taxpayers reported 12.3% of all AGI and paid 2.89% of total income taxes; 70.5 million taxpayers with incomes of $32,879 or less paid a total of $32.3 billion in federal income taxes. This includes millions of low-income workers who actually paid negative income taxes because their Earned Income Tax Credits wiped out their income-tax liability and refunded to them part of the Social Security taxes they paid.
  • $50,000 income:  top 50% of earners; top-earning 50% of taxpayers reported 87.7% of all AGI and paid 97.1% of total income; 70.5 million taxpayers with incomes of $32,880 or more paid a total of $1.1 trillion in federal income taxes.
  • $75,000 income:  top 25% of earners; top-earning 25% of taxpayers reported 68.7% of all AGI and paid 86.6% of total income taxes; 35.3 million taxpayers with incomes of $66,532 or more paid a total of $965.9 billion in federal income taxes.
  • $100,000 income:  top 25% of earners; top-earning 25% of taxpayers reported 68.7% of all AGI and paid 86.6% of total income taxes; 35.3 million taxpayers with incomes of $66,532 or more paid a total of $965.9 billion in federal income taxes.
  • $150,000 income:  top 10% of earners; top-earning 10% of taxpayers reported 48.0% of all AGI and paid 71.2% of total income taxes;14.1 million taxpayers with incomes of $113,018 or more paid a total of $794.4 billion in federal income taxes.
By |September 12th, 2010|Tax Law|0 Comments

Military Personnel Returning Home to Loved Ones

Five months after Carol and I were married the U.S. Air Force sent me overseas to Thailand and Korea for 13 months.  When I returned, Carol met me at Sky Harbor Airport.  I wish somebody had filmed my return.  This is a heartwarming video compilation of many military families being reunited.  The background song is “Praan,” by Garry Schyman.

By |September 12th, 2010|Videos|0 Comments

Sheriff Joe Arpaio In The Dock

Investors Business Daily:  “Abuse Of Power: Our misnamed Department of Justice has filed a lawsuit against an Arizona sheriff at the top of the administration’s enemies list.  Prosecute border sheriffs and sue states but protect the Black Panthers? Gotcha.”

By |September 12th, 2010|General|0 Comments

Dear Alma Mater: I Can’t Pay

Times Union:  “At New York’s colleges and universities, the arrival of a new school year brings anticipation tinged with anxiety. For many students, the second emotion is prompted by one nagging question: How am I going to pay for this? . . . As of July 1, HESC listed 145,437 accounts with $1,983,922,931 in college loans that had gone into default.”  That $2 billion consists only of money owed to schools in New York.

By |September 12th, 2010|Law School Reality|0 Comments

“Mistress Ordered to Pay $5.8 Million” to Wronged Wife

The Volokh Conspiracy:  “The woman who broke up a North Carolina couple’s marriage has to pay $5.8 million [to the ex-wife].”  See the WNCT TV video report.

By |September 12th, 2010|Litigation (Non-Arizona)|0 Comments

US Supreme Court to Hear Arizona’s Employer Sanctions Law Case on December 8th

On December 8, 2010, the United States Supreme Court will hear arguments in Chamber of Commerce v. Candelria, the case that questions the constitutionality of Arizona’s 2007 Legal Arizona Workers Act.   The law provides that the employer that knowingly hire illegal aliens can lose their licenses.

By |September 11th, 2010|Arizona Litigation|0 Comments

Laid-off from $160,00/year Big Law Job Unemployed Lawyer Offers to Clean One Bedroom Apartments for $70

NY Daily News:  “After spending a year looking for a job, an out-of-work lawyer dusted off her resume and added a new profession: housekeeper.  . . . Alice Lingo posted 30 flyers . . . that say she’ll tidy up apartments for a price and asks, ‘Haven’t you always wanted to see a lawyer clean a toilet?’.”

By |September 10th, 2010|Law School Reality|0 Comments

Judge Rules Military’s Don’t Ask Don’t Tell Policy Unconstitutional

Los Angeles Times:  “A federal judge in Riverside declared the U.S. military’s ban on openly gay service members unconstitutional Thursday, saying the “don’t ask, don’t tell” policy violates the 1st Amendment rights of lesbians and gay men.”  Read the judge’s decision.

By |September 10th, 2010|Litigation (Non-Arizona), US Law|0 Comments

Some Say Bypassing College is Smarter than Paying for a Degree

Washington Post:  “If you crunch the numbers, some experts say, college is a bad investment. ‘You’ve been fooled into thinking there’s no other way for my kid to get a job . . . or learn critical thinking or make social connections’,”

See “What’s the Real Value of an Education?” and “Debating the Signaling Model of Education.”

By |September 10th, 2010|Law School Reality|0 Comments

Taxes are for the Little People: 41 Obama White House Aides Owe the IRS $831,000 in Back Taxes

Los Angeles Times:  “federal employees across the nation owe fully $1 billion in back taxes to the Internal Revenue Service. . . . 638 workers on Capitol Hill owe the IRS $9.3 million in back taxes. . . . In the IRS’ parent department, Treasury, 1,204 owe $7,670,814.”

By |September 10th, 2010|Government Helping Us - Not, Tax Law|0 Comments