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What is tax bracket?

Updated: 9/14/2023
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12y ago

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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?

what is base tax amount for high tax bracket for 2008?


What is your current tax bracket for 30000?

33%...?


What is the tax bracket for 125k married filed jointly?

The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.


How To Determine What Tax Bracket You're In?

The phrase “tax bracket” becomes a buzz word around April of every year but with the presidential elections just around the corner the topic of taxes and tax brackets are two things you’re almost unable to avoid. A lot of attention gets put on what tax bracket people are in and how much they’re being taxed on certain types of income. While the subject of taxes can quickly become quite taxing on your brain figuring out the simple fact of what tax bracket you’re in isn’t.The federal tax brackets and what income level qualifies you for a specific bracket can change every year. The primary reason would be to adjust for inflation but changes in the tax code can also affect tax rates. Your personal tax bracket will vary according to your filing status as well.The best place to find your personal tax bracket is on the IRS website (www.irs.gov). They have loads of information that help you figure out not only your tax bracket but also things like what your expected tax bill would be depending on your taxable income. The IRS hasn’t yet released the tax tables for 2012 but they can be expected to be quite similar to what we saw in 2011.For those looking for a quick answer, here’s what the federal tax brackets looked like in 2011.For single filers, the 10% bracket included income up to $8,500. Income up to $34,500 lands you in the 15% bracket. The 25% bracket includes income up to $83,600. The 28% tax bracket applies to income up to $174,400. Income up to $379,150 gets taxed at the 33% rate and anything above that gets taxed at 35%.For joint filers, the 10% bracket is for income up to $17,000. Income up to $69,000 gets taxed at the 15% rate. The 25% bracket includes income up to $139,350. The 28% tax bracket applies to income up to $212,300. The 33% tax bracket applies to income up to $379,150 and anything above that gets taxed at 35%.


What tax rate are waitress tips taxed at?

Whatever tax bracket your salary fits into.

Related questions

What is base tax amount for high tax bracket?

what is base tax amount for high tax bracket for 2008?


Is your federal tax bracket your average tax rate?

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.


What is the highest tax bracket in the US is .?

35%


What is your current tax bracket for 30000?

33%...?


What is the tax bracket for 125k married filed jointly?

The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.


How To Determine What Tax Bracket You're In?

The phrase “tax bracket” becomes a buzz word around April of every year but with the presidential elections just around the corner the topic of taxes and tax brackets are two things you’re almost unable to avoid. A lot of attention gets put on what tax bracket people are in and how much they’re being taxed on certain types of income. While the subject of taxes can quickly become quite taxing on your brain figuring out the simple fact of what tax bracket you’re in isn’t.The federal tax brackets and what income level qualifies you for a specific bracket can change every year. The primary reason would be to adjust for inflation but changes in the tax code can also affect tax rates. Your personal tax bracket will vary according to your filing status as well.The best place to find your personal tax bracket is on the IRS website (www.irs.gov). They have loads of information that help you figure out not only your tax bracket but also things like what your expected tax bill would be depending on your taxable income. The IRS hasn’t yet released the tax tables for 2012 but they can be expected to be quite similar to what we saw in 2011.For those looking for a quick answer, here’s what the federal tax brackets looked like in 2011.For single filers, the 10% bracket included income up to $8,500. Income up to $34,500 lands you in the 15% bracket. The 25% bracket includes income up to $83,600. The 28% tax bracket applies to income up to $174,400. Income up to $379,150 gets taxed at the 33% rate and anything above that gets taxed at 35%.For joint filers, the 10% bracket is for income up to $17,000. Income up to $69,000 gets taxed at the 15% rate. The 25% bracket includes income up to $139,350. The 28% tax bracket applies to income up to $212,300. The 33% tax bracket applies to income up to $379,150 and anything above that gets taxed at 35%.


What tax rate are waitress tips taxed at?

Whatever tax bracket your salary fits into.


What tax bracket will you be in with a 35000 income with no dependents?

The 10% and the 15% marginal tax brackets.


What tax bracket do most people fall into?

15


What is your current tax bracket for 70000?

25 PERCENT


What tax bracket would a married couple no dependents with annual income of $100,000 be in ?

What tax bracket would a married couple with one dependent and an annual income of $150,000 be in?


How much do you really get back if you have a tax credit of 3000 dollars and you earn 50000 or 150000?

You save the tax on $3000 in whatever bracket you are in; so, if you are in a 20% bracket this is $600 in your pocket.