Submitted by sea_dev t3_11dfuls in dataisbeautiful
tristanjones t1_ja9ebfz wrote
Reply to comment by Belnak in My income versus my effective tax rate each year since graduating college [OC] by sea_dev
Making more money doesnt really mean you'll have more deductions. There arent too many deductions someone who isnt close to retirement would likely be taking. If you have student loans, alimony, and a mortgage, or also some kids, then it could add up, but you dont have to be making a lot of money for most of those to be true. Even with some mortgages with the low interest rates until recently, the standard deduction may be more in some cases.
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