Message Font: Serif | Sans-Serif
No. of Recommendations: 0
A quick follow-up: assuming that I file as a single and earn more than $6000, will I have the full 10% bracket? Or will the fact that this became law on 7/1/00 mean that I only have half of the bracket?

The 10% bracket is retroactive to the first of the year, and that's where the $300 comes from. A 15% rate on $6000 is $900, and a 10% rate is $600. The $300 difference is the rebate.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.