TaxConnections

Ask Tax Question

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

2013 Tax Increases
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
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 204 weeks ago

User Photo
Tracey Glenn
Thank you, Debbie! I appreciate the information.
Reply 202 weeks ago


Meet Leading Tax Advisors

User Photo Kathryn Morgan

Bossier City, Louisiana, USA

Enrolled Agent, Master Tax Advisor

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

User Photo Steven Potts JD EA IAR

Fullerton, California, USA

Principal

User Photo Devon McCarthy FCCA, EA

Sanford, Florida, USA

President

User Photo Caran Ebert, CPA

Topanga, California, USA

Tax Advisor

User Photo Lisa Nason CPA, MST

Greenville, South Carolina, USA

Managing Shareholder

User Photo Gary Carter, PhD, MT, CPA

Edina, Minnesota, USA

President

User Photo NEERAJ BHATIA, CPA

Santa Clara, California, USA

Tax Principal - President

User Photo Bill Robinson, CPA

Chattanooga, Tennessee, USA

Owner

User Photo Hugo Van Zyl

Stellenbosch, South Africa

Exchange Control & Master Tax Practitioner (SA)

User Photo Douglas Stransky

Boston, Massachusetts, USA

Tax Partner, International Tax

User Photo Larry Stolberg, CPA, CA

Toronto Mississauga Oakville Burlington Hamilton, Canada

Tax Specialist

User Photo Dr. Daniel Erasmus

West Palm Beach, Florida, USA

Managing Partner/EMEA

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Contact Us Today