View Poll Results: How much of the $251,000 is subject to the rate of 39.6?

Voters
11. You may not vote on this poll
  • The whole $251,000

    1 9.09%
  • Just $1000

    10 90.91%
  • I don't know

    0 0%
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Thread: A Tax Question

  1. #11
    Sage
    cpwill's Avatar
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    Re: A Tax Question

    Quote Originally Posted by pbrauer View Post
    The Bush tax cuts are scheduled to expire Dec 31, 2012 at midnight. President Obama has said he wants the top rate for wages to be 39.6% for everything starting at $250,000.


    Lets say you have Taxable Income of $251,000 every year, so here's the question:


    How much of the $251,000 is subject to the rate of 39.6?



    • The whole $251,000
    • Just $1000
    • I don't know
    D: None of it because I"m going to have deductions.

    #effectivetaxratesarewhatmatter

  2. #12
    Pragmatic Idealist
    upsideguy's Avatar
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    Re: A Tax Question

    Quote Originally Posted by pbrauer View Post
    The Bush tax cuts are scheduled to expire Dec 31, 2012 at midnight. President Obama has said he wants the top rate for wages to be 39.6% for everything starting at $250,000.


    Lets say you have Taxable Income of $251,000 every year, so here's the question:


    How much of the $251,000 is subject to the rate of 39.6?



    • The whole $251,000
    • Just $1000
    • I don't know
    Of course, you are talking taxable income of $250,000; which really means gross income likely of $270,000 to $320,000..

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