You would use the number on line 39 of the 1040 to get the exact bracket. I am assuming you are single:26,250 or less 15%26,251 to 63,550 28%63,551 to 132,600 31%132,601 to 288,350 36%288, 351 and up 39.6%That is your bracket but that is not your tax.Let's assume you earn 50Kthe first 26,250 is taxed at 15%the balance over 26,250 is taxed at 28%This will be less than if you just multiplied 50k by 28%.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<