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.

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