Announcement

Collapse
No announcement yet.

Mega-zillinonaire Republican

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    He didn't flip-flop, he bluffed. Trouble is he got called out on his bluff and started to choke.

    Comment


    • #17
      Originally posted by Tanasi View Post
      I don't know what you do for a living or how much you make but odds are good that you fall into the 10% bracket like the majority that pay federal income tax.
      Single withholding rate is around 25%
      Married is around 17%

      10% tax rate is only for the first $7000 for single people and first $14,000 for married couple after that it's 15% up to $23,400 single and $56,800 married.

      IRS withholding tables
      Registered rider scenic shore 150 charity ride

      Comment


      • #18
        Originally posted by BlaqueKatt View Post
        Single withholding rate is around 25%
        Married is around 17%

        10% tax rate is only for the first $7000 for single people and first $14,000 for married couple after that it's 15% up to $23,400 single and $56,800 married.

        IRS withholding tables
        You left some very important words out, there. "Of taxable income." You're leaving out the Standard Deduction, which means that the first $5800 of income for each person ($11600 for couples, which is precisely double) isn't taxed. So, your tax rate doesn't go out of the 10% bracket until you've earned $12,800. And then the 15% rate only applies to income after the $12,800. If you earn $13,000 (for example), you only get taxed 15% on $200; 10% on $7000; and nothing at all on $5800.
        Last edited by Nekojin; 11-10-2012, 12:35 AM.

        Comment


        • #19
          Hard to keep your face in the money trough without people to run your business. -.-

          Comment

          Working...
          X