Households | Income (millions of dollars per year) | Income tax rate | Benefits (millions of dollars per year) |
Lowest quintile | 4 | 0 | 11 |
Second quintile | 14 | 10% | 8 |
Third quintile | 20 | 18% | 1 |
Fourth quintile | 23 | 28% | 0 |
Highest quintile | 35 | 39% | 0 |
Households | Income (millions of dollars per year) | Taxes paid | Income after taxes and benefits |
Lowest quintile | 4 | 4*0 = 0 | 4-0+11 =15 |
Second quintile | 14 | 14*.1 = 1.40 | 14-1.40+8 = 20.6 |
Third quintile | 20 | 20*.18 = 3.60 | 20-3.60+1 = 17.4 |
Fourth quintile | 23 | 23*.28 = 6.44 | 23-6.44+0 = 16.56 |
Highest quintile | 35 | 35*.39 = 13.65 | 35-13.65+0 = 12.2 |