Compute tax based on the original US income tax of 1913 The

Compute tax based on the original U.S. income tax of 1913. The tax was

1 percent on the first $50,000.

2 percent on the amount over $50,000 up to $75,000.

3 percent on the amount over $75,000 up to $100,000.

4 percent on the amount over $100,000 up to $250,000.

5 percent on the amount over $250,000 up to $500,000.

6 percent on the amount over $500,000.

There was no separate schedule for single or married taxpayers. Write a program TaxCalculator.py in python that asks the user for the income and computes the income tax according to this schedule.
Display the income and corresponding tax

Solution

from bisect import bisect rates = [1, 2, 3, 4,5,6] brackets = [50000, # first 10,000 75000, # next 20,000 100000,250000,5000000] # next 40,000 base_tax = [1000, 5000, 7500,60000,12500,150000] def tax(income): i = bisect(brackets, income) if not i: return 0 rate = rates[i] bracket = brackets[i-1] income_in_bracket = income - bracket tax_in_bracket = income_in_bracket * rate / 100 total_tax = base_tax[i-1] + tax_in_bracket return total_tax print (total_tax)