Tax Brackets
Published on Sep 21, 2019
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Tax Brackets
A presentation designed to teach you about tax brackets in a simple and easy way.
Photo by Kelly Sikkema
2018 Single Tax Brackets- Desmos
What Are Tax Brackets?
- Tax Brackets- The range of incomes subject to the same tax rate.
- Example: Mrs. Davis and Mrs. Kerner have to pay the same in taxes since they have a similar income and they are both married.
Photo by Kelly Sikkema
Uses for Federal Taxes
- Medicare/Medicaid
- Social Security
- Defense/Security
- Safety Net Programs (Unemployment insurance, food stamps, low-income housing assistance, and programs for neglected or abused children.)
Photo by Michael
Uses for State Taxes
- Education
- Healthcare
- Prison System
- Family Assistance
- Transportation
- Employee Pension/Health Benefits
Photo by Joe Parks
North Carolina's state spending restrictions are similar to domain restrictions in a piecewise function.
Photo by C Griffith
North Carolina income tax, however, is a flat tax rate, which makes it linear. The previous slide was on spending which is a piecewise function.
Photo by @CarShowShooter
Career Picks In Salary
- Political Scientist- $90,412
- Political Science Professor- $52,581
- Politician- $108,763
Photo by Trey Ratcliff
Career Picks in Taxes
- Political Scientist- $15,988.38
- Political Science Professor- $7,507.32
- Politician- $20,392.62
Photo by Trey Ratcliff
Sources
- “Glassdoor Job Search: Find the Job That Fits Your Life.” Glassdoor, https://www.glassdoor.com/index.htm.
- TurboTax. “Taxes Done Smarter With TurboTax #1 Best-Selling Tax Software.” TurboTax® Official Site: File Taxes Online, Tax Filing Made Easy, turbotax.intuit.com/.
- “Center on Budget and Policy Priorities.” Center on Budget and Policy Priorities, www.cbpp.org/.
- “Investopedia.” Investopedia, Investopedia, www.investopedia.com/.
- “Empowering You to Make Smart Financial Decisions.” SmartAsset, smartasset.com/.
Photo by Markus Spiske
