Hello it's John Bauman again we're going to do a calculation of average tax rates and we're also going to calculate the actual amount of taxes paid by people in these hypothetical brackets and of course the actual rates are different from these and you can see them in our textbook the numbers here are small and I'm going to keep them simple that the to calculate the total amount of tax paid and the average tax rates is done in the exact same way just bigger numbers and a little bit different tax rates so if you look at the table here you can see that a person earning between zero and a hundred dollars is going to pay zero percent so if you're in ten dollars or fifty dollars or ninety-nine dollars or a hundred dollars you get a zero percent anybody earning over a hundred dollars it's going to pay ten percent now that person is going to pay ten percent only over any amount only over any amount that's greater than one hundred dollars so we're going to look at that in just a second with calculation anybody earning between three hundred dollars a 300 400 500 up to eight hundred dollars is going to pay a marginal tax rate of 25 percent eight hundred dollars in higher key rate is 40% so here we have four examples one person earns $50 and then the next person two hundred five hundred and a thousand you can pause the video at this point and see if you can calculate on your own what kind of tax amount each person pays and then also calculate the average tax rate so let's start with the easy one the person earning $50 well you can see that the person is...
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