Tax increases by income level

Sunday November 18, 2012

The tax increases wouldn’t affect everyone equally, though all taxpayers would pay more. Here are the average increases for people at different income levels:

Income level Tax increase
Lowest 20% ($20,113 or less) $412
Low-middle 20%
($20,114 - $39,790) $1,231
Middle 20%
($39,791 - $64,484) $1,984
Upper-middle 20%
($64,485 - $108,266) $3,540
Highest 20%
($108,267 and above) $14,173
Top 1%
($506,210 and above) $120,537


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