what's your marginal tax bracket and your effective tax rate?
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Anonymous
|
my tax bracket is 33%. my effective tax rate was 16%.
what's yours? |
Anonymous
| 25% and 21% |
Anonymous
| 33% and 22% |
Anonymous
Did you have a crapload or qualified capital gains or something? Or muni bonds? Are you single? 33% Marginal rate doesn’t kick in until like $235k taxable for married filing jointly, which suggests about 285-300k gross. At least. And assuming no AMT. ETR of 16% on marginal rate of 33 doesn’t really compute. |
Anonymous
| For my 2016 return: 28% marginal tax rate. 13.08% effective tax rate per TurboTax. |
Anonymous
Why would you assume everyone here is married filing jointly? For FY2017, the 33% marginal rate kicks in at $191,651 for single payer, $233,351 for married filing jointly, $116,676 married filing separately or $212,501 for HoH. So it depends on your filing status where it kicks in. You make an odd assumption that everyone here is married filling jointly. https://www.irs.com/articles/2017-federal-tax-rates-personal-exemptions-and-standard-deductions |
Anonymous
| If you are being hit by the AMT and your AMT exemption is being reduced by additional income, your marginal rate is 32.5% or 35% depending if you are in the "26%" or "28%" AMT bracket. Your marginal rate on qualified dividends is 21.5% or 22% respectively. Now you also need to add the .9% additional Medicare tax onto the marginal rate on labor income and also the additional marginal tax on capital if you are a "millionaire" earning more than $.25M. |