True Tax Rates

Because of "progressive taxation" and variable "tax brackets" it's very difficult to determine what percent you pay in taxes to the federal and state government when all is said and done. What you really want to know is "If my spouse and I make $100,000, how much do we pay in Taxes?". If you are interested see the table below.

This table uses the 2015 tax rates, with the standard deductions for Married filing jointly, and assumes you live in North Carolina.

For Details, scroll to the bottom of the page.
If you want to download and play with the spreadsheet yourself, download it Here

From the table below, you can see that if you made $5,000 after your federal deductions you would pay zero in federal taxes, and after your state deduction, you would pay zero in state taxes.

If you made $20,000, after deductions you would still pay zero in federal taxes but you would pay 1.4% in State taxes.

Yearly Gross   Federal Adjusted Federal Tax Federal True Rate  State Adjusted State Tax State True Rate  Total Tax Total True Rate
$5,000   $(15,600) $- 0%  $(10,000) $- 0  $- 0
$10,000   $(10,600) $- 0%  $(5,000) $- 0  $- 0
$15,000   $(5,600) $- 0%  $- $- 0  $- 0
$20,000   $(600) $- 0%  $5,000 $288 1.4%  $288 1%
$25,000   $4,400 $440 2%  $10,000 $575 2.3%  $1,015 4%
$30,000   $9,400 $940 3%  $15,000 $863 2.9%  $1,803 6%
$35,000   $14,400 $1,440 4%  $20,000 $1,150 3.3%  $2,590 7%
$40,000   $19,400 $1,988 5%  $25,000 $1,438 3.6%  $3,425 9%
$45,000   $24,400 $2,738 6%  $30,000 $1,725 3.8%  $4,463 10%
$50,000   $29,400 $3,488 7%  $35,000 $2,013 4.0%  $5,500 11%
$55,000   $34,400 $4,238 8%  $40,000 $2,300 4.2%  $6,538 12%
$60,000   $39,400 $4,988 8%  $45,000 $2,588 4.3%  $7,575 13%
$65,000   $44,400 $5,738 9%  $50,000 $2,875 4.4%  $8,613 13%
$70,000   $49,400 $6,488 9%  $55,000 $3,163 4.5%  $9,650 14%
$75,000   $54,400 $7,238 10%  $60,000 $3,450 4.6%  $10,688 14%
$80,000   $59,400 $7,988 10%  $65,000 $3,738 4.7%  $11,725 15%
$85,000   $64,400 $8,738 10%  $70,000 $4,025 4.7%  $12,763 15%
$90,000   $69,400 $9,488 11%  $75,000 $4,313 4.8%  $13,800 15%
$95,000   $74,400 $10,238 11%  $80,000 $4,600 4.8%  $14,838 16%
$100,000   $79,400 $10,988 11%  $85,000 $4,888 4.9%  $15,875 16%
$105,000   $84,400 $12,696 12%  $90,000 $5,175 4.9%  $17,871 17%
$110,000   $89,400 $13,946 13%  $95,000 $5,463 5.0%  $19,409 18%
$115,000   $94,400 $15,196 13%  $100,000 $5,750 5.0%  $20,946 18%
$120,000   $99,400 $16,446 14%  $105,000 $6,038 5.0%  $22,484 19%
$125,000   $104,400 $17,696 14%  $110,000 $6,325 5.1%  $24,021 19%
$130,000   $109,400 $18,946 15%  $115,000 $6,613 5.1%  $25,559 20%
$135,000   $114,400 $20,196 15%  $120,000 $6,900 5.1%  $27,096 20%
$140,000   $119,400 $21,446 15%  $125,000 $7,188 5.1%  $28,634 20%
$145,000   $124,400 $22,696 16%  $130,000 $7,475 5.2%  $30,171 21%
$150,000   $129,400 $23,946 16%  $135,000 $7,763 5.2%  $31,709 21%
$155,000   $134,400 $25,196 16%  $140,000 $8,050 5.2%  $33,246 21%
$160,000   $139,400 $26,446 17%  $145,000 $8,338 5.2%  $34,784 22%
$165,000   $144,400 $27,696 17%  $150,000 $8,625 5.2%  $36,321 22%
$170,000   $149,400 $28,946 17%  $155,000 $8,913 5.2%  $37,859 22%
$175,000   $154,400 $30,187 17%  $160,000 $9,200 5.3%  $39,387 23%

Notes: FEDERAL
	Married Filing Jointly or Qualifying Widow(er): 
	Personal Exception, $4,000 each or $8,000 per couple
	Standard Deduction, $6,300 each or $12,600 per couple

From  	To    	Federal Taxes
0	18450	10%
18451	74900	$1,845 +15% of the amount over 18450
74901	151200	$10,321.5 + 25% of the amount over 74900
151201	230450	$29,387.5 +28% of the amount over 151200


Notes: STATE 
  North Carolina has moved to a 5.75% Flat Tax with a
  $0 Personal Excpetion
  $7,500 each or $15,000 per couple Standard Deduction