taxes

120 posts
Middle-class tax cuts and increases from Senate bill

A lot of tax debate centers around the “average” American family, with focus on both tax cuts and increases for what seems like the same groups of people. The difficulty in these arguments is that there’s a ton of variation within the same income brackets because of the various factors to consider in tax calculations. Quoctrung Bui and Ben Casselman, reporting for The Upshot, explain with 25,000 example households plotted...

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Every tax cut and increase in House Republicans’ bill

The House Republicans will vote on a tax bill soon that adds about $1.4 trillion to the federal debt. Alicia Parlapiano and Adam Pearce, reporting for The New York Times, look at every change in this scroller. I like that the visual is kept simple with a two-column, stacked bar chart as the backdrop. The chart provides scale, but the focus in on the text. Tags: New York Times, scrollytelling,...

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Given your income, most beneficial tax breaks

With the release of the Republican proposed tax plan, Reuben Fischer-Baum and Kevin Schaul look at where deductions and tax credits are currently. Enter your adjusted gross income or click and drag a slider and the areas shift in the chart to show the most beneficial, given the income. Naturally, I now await to see how this contrasts with the plan. Tags: taxes, Washington Post

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Income Taxes You Would Pay in Each State

Some states have high rates. Some have low. But whether a state is lower or higher for you depends on more than just the high brackets. Read More

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How much the US imports from Mexico

Most goods imported from Mexico are untaxed under the North American Free Trade Agreement. The Administration wants to tax those billions of dollars of goods coming in. David Yanofsky for Quartz plotted the imported products. Quartz gathered import data from the US Census Bureau comprising 6,011 hierarchical product categories, the amount imported, and the tax collected. Every product the US buys at least $1 million worth from Mexico is shown...

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Balance the Trump and Cruz tax plans

The tax plans of Ted Cruz and Donald Trump might seem fine if you don’t think about the actual values. Tax cuts. Less government spending. But then it gets tricky when you look at what they’re actually proposing. Alvin Chang for Vox provides a simple interactive to show what the Cruz and Trump and budgets require. They want to cut so much government spending that it’s virtually impossible to figure...

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Married couple tax bonuses and penalties

Using calculations by Nick Kasprak from the Center on Budget and Policy Priorities and Kyle Pomerleau from Tax Foundation, Amanda Cox shows tax penalties and bonuses for married couples. The x-axis is total earnings, and the y-axis is the split between the couples. Percentages for penalties and bonuses are versus what couples would pay if they were allowed to file individually. Enter your salary and your spouse's salary to see...

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LEGO explainer: Taxes and income inequality

LEGOs make everything better. David Wessel for Brookings Institution explains how federal taxes play a role in decreasing the income gap. Each column an income quintile and each brick a lump of money. [via @_cingraham] Tags: income, Lego, taxes

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State Income Tax Brackets

I'm sure you finished your taxes months ago, but here's a chart of the tax brackets and rates in all the states in case you're interested. Each segment represents a bracket, and the darker the shade the higher the rate. Tags: taxes

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