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Income Splitting

The document shows data on family income levels for couple families in 2008, including the number and percentage of couples in each income range, their assumed median income, and estimated federal tax advantage. Over 6.2 million couple families had incomes over $40,000. The largest percentage of couples, 20%, earned between $100,000 and $150,000. Couples earning over $250,000 had the highest assumed median income of $300,000 and estimated federal tax advantage of $10,096.

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Neal Jennings
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225 views1 page

Income Splitting

The document shows data on family income levels for couple families in 2008, including the number and percentage of couples in each income range, their assumed median income, and estimated federal tax advantage. Over 6.2 million couple families had incomes over $40,000. The largest percentage of couples, 20%, earned between $100,000 and $150,000. Couples earning over $250,000 had the highest assumed median income of $300,000 and estimated federal tax advantage of $10,096.

Uploaded by

Neal Jennings
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Family income, by family type 

(Couple families) Therefore, number of people in % of % of total Assumed family Fed tax
2008 these ranges are: couples population income (midpoint) advantage
Total, all income groups 7,832,060
$40,000 and over 6,228,650 $40000-45000 327,730 4.2% 2.0% $ 42,500.00 $ 67
$45,000 and over 5,900,920 $45000-50000 329,500 4.2% 2.0% $ 47,500.00 $ 417
$50,000 and over 5,571,420 $50000-60000 656,340 8.4% 4.0% $ 55,000.00 $ 942
$60,000 and over 4,915,080 $60000-70000 637,810 8.1% 3.9% $ 65,000.00 $ 1,642
$70,000 and over 4,277,270 $70000-75000 308,110 3.9% 1.9% $ 72,500.00 $ 2,167
$75,000 and over 3,969,160 $75000-80000 296,320 3.8% 1.8% $ 77,500.00 $ 2,517
$80,000 and over 3,672,840 $80000-90000 553,470 7.1% 3.4% $ 85,000.00 $ 2,985
$90,000 and over 3,119,370 $90000-100000 492,710 6.3% 3.0% $ 95,000.00 $ 3,385
$100,000 and over 2,626,660 $100000-150000 1,563,420 20.0% 9.6% $ 125,000.00 $ 4,585
$150,000 and over 1,063,240 $150000-200000 587,130 7.5% 3.6% $ 175,000.00 $ 7,618
$200,000 and over 476,110 $200000-250000 214,810 2.7% 1.3% $ 225,000.00 $ 9,118
$250,000 and over 261,300 $250000+ 261,300 3.3% 1.6% $ 300,000.00 $ 10,096

> $40,000 20.4% 9.9%

100% 48.3%

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