Maximum wage
Scaled taxation
Columns: Currency Bracket: | Dollars Taxed in Bracket: | Rate: | Taxes From Bracket: | After Tax Income: | Percentage of Income Kept:
$1 – $40,000 | $40,000 | 15% | $6,000 | $34,000 | 85% | $40,000 - $100,000 | $60,000 | 35% | $21,000 | $34,000 + $39,000 = $73,000 | 73% | $100,000 - $175,000 | $75,000 | 50% | $37,500 | $73,000 + $37,500 = $110,500 | 63% | $175, 000 - $250,000 | $75,000 | 60% | $45,000 | $110,500 + $30,000 = $140,500 | 56% | $250,000 - $500,000 | $250,000 | 75% | $187,500 | $140,500 + $62,000 = $203,000 | 40.6%