A Status Taxes - Part 1: Difference between revisions

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Revision as of 13:33, 4 October 2024

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But, the shocking statement. You pay less tax on your first dollars of earnings and many more tax all over your last revenue. Let us assume you are single and your taxable income sums up to $45,000 during the future. Then you pay federal tax at the rate of 10 percent on the $8,350 of taxable income. One other 15% imposed on income between $8,350 and $33,950. 25% is charged on income from $33,950 to $45,000.

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