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Can anyone tell me what the average tax increase will be in 2013 for each salary range?

2013 Tax Increases
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Tax Professional Answers

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Debbie Tolbert
There are several changes that will make a difference in the tax increase. The first is the payroll tax increase from 4.2% to 6.2%. The next is the difference in the brackets. These are just a few examples.
Annual income: $20,000 to $30,000 Average tax increase: $297
Annual income: $30,000 to $40,000 Average tax increase: $445
Annual income: $40,000 to $50,000 Average tax increase: $579
Annual income: $50,000 to $75,000 Average tax increase: $822
Annual income: $75,000 to $100,000 Average tax increase: $1,206
Annual income: $100,000 to $200,000 Average tax increase: $1,784
Annual income: $200,000 to $500,000 Average tax increase: $2,711
Annual income: $500,000 to $1 million Average tax increase: $14,812
Annual income: More than $1 million Average tax increase: $170,341
Leave a Comment 435 weeks ago

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Tracey Glenn
Thank you, Debbie! I appreciate the information.
Reply 433 weeks ago
 

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