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Reply to "Taxed a lot because spouse makes six figures. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]He's wrong. It's really like 23% plus FICA, Medicare and state tax.[/quote] To be fair that will be almost 35% in total. [/quote] Marginal, maybe. Not effective. Learn the difference.[/quote] I was being lazy and assumed PPs math on the effective rate was correct and just added the other payroll taxes to it + state [/quote] But the original premise spoke to her paying income taxes at his marginal rate. Which is correct, she will. However his marginal rate is like 22%, not 35%. Their effective tax rate is likely in the teens. [/quote]
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