To: Rashputin
very misleading on the 50k tax rate.
If you had $50,000 of taxable income, you’d pay 10% on that first $9,325 and 15% on the chunk of income between $9,326 and $37,950.
And then you’d pay 25% on the rest, because some of your $50,000 of taxable income falls into the 25% tax bracket.
The total bill would be about $8,200 — about 16% of your taxable income, even though you’re in the 25% bracket.
4 posted on
12/05/2017 10:44:43 PM PST by
stylin19a
(Best.Election.Ever.)
To: stylin19a
the point is a modest worker is being taxed much higher than the corporations....but of course corporations don’t pay taxes..
15 posted on
12/06/2017 12:13:11 AM PST by
cherry
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