Monthly Archives: February 2015

How Your Income Stacks Up- from Kiplinger

At this time of year taxes are top of mind. You might find this of interest:

How Your Income Stacks Up

Based on IRS data from 2012 tax returns Are you in the top 25% of all earners? The top 10%? Plus, out what portion of the tax burden you bear according to your income  status.

Using data released by the IRS, Kiplinger has built a tool to show your income status compared to your fellow Americans. The income  breakdowns are based on adjusted gross income (AGI) reported on 2012 tax returns — the latest statistics available. (Read the related article: Where Do You Rank as a Taxpayer?)

Simply enter your AGI from your most recent tax return. You’ll find it on line 37 if you used the Form 1040, line 21 on Form 1040A or line 4 on the 1040-EZ. Or enter your annual salary (the IRS categories are broad enough that your result will likely be the same).

Enter your income in the box built into the article to see how your income stacks up and what portion of the tax burden you bear: