The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/based-on-what-you-have-told-us-your-2010-federal-29419459.aspx

Subject:  Re: 47% don't pay fed taxes? Date:  7/17/2011  6:48 PM
Author:  wrjohnston91283 Number:  113739 of 121144

Based on what you have told us, your 2010 federal income tax amount should have been roughly $5,700. Perhaps you are including state income tax in that number as well, or unemployment taxes?

A married couple making $50,000 with three children would not pay any income tax, and actually get about $1,000 from the government in 2010.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us