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re: Tax board: official, how much you gettin back thread?
Posted on 1/28/16 at 2:16 pm to rocket31
Posted on 1/28/16 at 2:16 pm to rocket31
quote:
my god, its sad that there are actually people who think this way.
look up marginal tax brackets
they've never applied to me as i've been in the >25% for most of my adult life, so i've never had to mess with anything different.
this is the first year i'm sniffing the 28% bracket depending on bonuses.
i will add i've looked them up. i know around 150k you move up if you're married filing jointly, but don't play around with anything else that would make me know more than a schmuck who files on turbotax. i don't do maths good.
This post was edited on 1/28/16 at 2:18 pm
Posted on 1/28/16 at 2:27 pm to 3nOut
quote:
they've never applied to me as i've been in the >25% for most of my adult life, so i've never had to mess with anything different. this is the first year i'm sniffing the 28% bracket depending on bonuses.
Take every dollar your employer decides your ignorant arse should receive.
In simpleton terms, tax rates in the US are marginal, which means you only pay 28% federal taxes on every dollar you make over the $151,200. Making $1 over that limit means you'll owe $.03 more than you did before hand, but you will not be hit with an extra 3% on ALL of the money you made up to that point.
There are some concerns with capital gains and what not, but from an income standpoint there is no reason to turn down a raise for fear of a higher tax bracket.
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