A tax bracket has to do with the amount of money you make over
the specified limit. If you are a company you will probably have a
payroll tax bracket as well. Depending on how much you pay out in
payroll will depend on what that tax bracket will be.
A tax bracket has to do with the amount of money you make over
the specified limit. If you are a company you will probably have a
payroll tax bracket as well. Depending on how much you pay out in
payroll will depend on what that tax bracket will be.
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what is base tax amount for high tax bracket for 2008?
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No the federal tax brackets would NOT be your average income tax
rate on your income.
Each separate federal tax bracket amount is your marginal tax
rate for that amount of your taxable income that is in that bracket
amount.
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