Monday, September 27, 2010

Graph1

According to Median Earnings and Tax Payment by Level of Education, 2003, it seems that educational back ground decides one’s earnings and tax is related to the earnings. First of all, people who have professional degree earned the most, averagely 95,700$. Then Doctorate$79400, Masters$50500, Bachelor’s$49900, Associate$37000, Some college or no$35700, high school$30800 and less than HS degree$21600 follow in turn. The gap between the best and worst is 74100$. But at the same time, between them the gap of taxes is also wide. Professional degree owner pay about 22500$ and Less than HS diploma do under 4000$. Likewise tax decrease from Doctor to HS diploma related to the earnings like about $20000, 16000, 10000,5000, 4500, 3000.("Education, Earnings and Tax payment"10)

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