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[quote=Anonymous]This is how taxes work: Tax Rate Single Married/Joint Married/Separate Head of Household 10% $1 - $8,700 $1 - $17,400 $1 - $8,700 $1 - $12,400 15% $8,701 - $35,350 $17,401 - $70,700 $8,701 - $35,350 $12,401 - $47,350 25% $35,351 - $85,650 $70,701 - $142,700 $35,351 - $71,350 $47,351 - $122,300 28% $85,651 - $178,650 $142,701 - $217,450 $71,351 - $108,725 $122,301 - $198,050 33% $178,651 - $388,350 $217,451 - $388,350 $108,726 - $194,175 $198,051 - $388,350 35% over $388,350 over $388,350 over $194,175 over $388,350 [b]You are only being taxed at a 35% rate on the income you make OVER $388,350. [/b] Cry me a river.[/quote]
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