Tax Revenue and Economic Performance Analysis
Most resident filers are in middle
and upper-middle tax brackets
2018 Joint Filers by tax brackets (residents)
Tax Bracket (by Taxable
Returns with Taxable Income in the Tax Bracket
Margina Number of % of Total No. Amount of
| Tax
of Joint Returns Taxable Income
1.40%
Income)
Returns
$0
to
$4,800
39,534
17.75%
$15,808,333
$4,801
to
$9,600
3.20%
6,473
2.91%
$46,624,377
$9,601 to
$19,200
5.50%
13,484
6.06%
$194,770,639
$19,201 to
$28,800
6.40%
14,073
6.32%
$338,011,998
$28,801 to
$38,400
6.80%
13,861
6.22%
$464,810,868
$38,401 to
$48,000 7.20%
13,498
6.06%
$582,493,413
$48,001 to
$72,000
7.60%
33,754
15.16%
$2,024,126,504
$72,001 to
$96,000
7.90%
29,027
13.04%
$2,422,020,698
$96,001 to $300,000
8.25%
52,086
23.39%
$7,628,200,519
$300,001 to $350,000 9.00%
1,616
0.73%
$522,070,010
$350,001 to
$400,001
$400,000 10.00%
1,120
0.50%
$418,017,532
&
Over
11.00%
4,155
1.87%
$4,656,684,945
ALL
222,681
100.00% $19,313,639,836
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