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If individuals experience diminishing returns from income, then the optimum distribution of income for society involves a progressive income tax. Mirrlees optimal income tax is a detailed theoretical model of the optimum progressive income tax along these lines. Over the last years the validity of the theory of optimal taxation was discussed by ...
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
Males had a median income of $25,625 versus $19,777 for females. The per capita income for the county was $14,056. About 12.30% of families and 15.80% of the population were below the poverty line, including 20.00% of those under age 18 and 16.30% of those age 65 or over.
In 2000, the median income for a household in the county was $31,957, and for a family was $37,513. Males had a median income of $27,070 versus $21,577 for females. The per capita income for the county was $13,838.
Males had a median income of $36,048 versus $25,940 for females. The per capita income for the county was $21,914. About 6.40% of families and 8.60% of the population were below the poverty line , including 11.50% of those under age 18 and 7.30% of those age 65 or over.
As of 2017, Travis County had a median household income of $68,350 per year, and a per capita income of $38,820 per year. 13.9% of the population lived below the poverty level. [15] The county's largest employers are governments (the State of Texas, the US Federal Government, Travis County and the City of Austin) and public education bodies.
In the county, the age distribution was 28.7% under 18, 11.9% from 15 to 24, 31.6% from 25 to 44, 23.2% from 45 to 64, and 8.9% who were 65 or older. The median age was 34 years. The median income for a household in the county was $60,642, and for a family was $66,208. Males had a median income of $43,471 versus $30,558 for females.
The median income for a household in the county was $30,134, and the median income for a family was $31,760. Males had a median income of $22,635 versus $17,526 for females. The per capita income for the county was $12,130.