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Financial Planning / Tax Strategies


Subject:  Re: Tax Bracket? Date:  12/17/2001  3:43 PM
Author:  lorenzo2 Number:  56079 of 127745

To a large extent, you don't have to worry about it. Your employer will have you fill out a withholding form, and based on your income and marital status, approximately the right amount will be withheld from your paycheck. Likewise for state taxes. But if you really want to know, see the IRS tax table at:

Assuming you're single, you're almost certainly in the lowest (15%) bracket. That bracket ends at $27,050 and you're a shade above that - but the tax tables are dealing with taxable income, not gross income. After taking a standard deduction and exemption, you'll be somewhat below that number.

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