There have been several big legislative changes and proposals from D.C’s lawmakers over the past week. On June 30th, Washington D.C’s legislative council voted to allow several tax cuts to take effect in September ahead...
- Monday Map: Percentage of Taxpayers with AGI over $500,000
Monday Map: Percentage of Taxpayers with AGI over $500,000
A few months ago we published a map showing the percentage of filers in each state earning over $200,000. We used the $200,000 figure because of the way the IRS publishes income tax data by state - they don't subdivide their tax data further - and it was the closest figure to President Obama's proposal to let the Bush tax cuts expire for families making over $250K.
The Fiscal Cliff compromise that passed a few days ago uses a higher threshold for most of the expired tax cuts - $400,000 (for single filers) and $450,000 (for joint filers.) The nearest threshold it's possible to do a map of IRS data with is $500,000, so below, by state, is a map showing the percentage of tax returns with adjusted gross income (AGI) over $500,000.
Click on the map to enlarge it.
View previous Monday maps here.
Get Email Updates from the Tax Foundation
We will never sell or share your information with third parties.
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.