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The Water Cooler
General Discussion
Tax write offs do they amount to anything substantial??
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<blockquote data-quote="Lee Beaittie" data-source="post: 3953781" data-attributes="member: 47034"><p><h2>2022 federal income tax brackets</h2><p>(for taxes due in April 2023)</p><p>Single filers</p><table style='width: 100%'><tr><th>Tax rate</th><th>Taxable income bracket</th><th>Tax owed</th></tr><tr><td>10%</td><td>$0 to $10,275.</td><td>10% of taxable income.</td></tr><tr><td>12%</td><td>$10,276 to $41,775.</td><td>$1,027.50 plus 12% of the amount over $10,275.</td></tr><tr><td>22%</td><td>$41,776 to $89,075.</td><td>$4,807.50 plus 22% of the amount over $41,775.</td></tr><tr><td>24%</td><td>$89,076 to $170,050.</td><td>$15,213.50 plus 24% of the amount over $89,075.</td></tr><tr><td>32%</td><td>$170,051 to $215,950.</td><td>$34,647.50 plus 32% of the amount over $170,050.</td></tr><tr><td>35%</td><td>$215,951 to $539,900.</td><td>$49,335.50 plus 35% of the amount over $215,950.</td></tr><tr><td>37%</td><td>$539,901 or more.</td><td>$162,718 plus 37% of the amount over $539,900.</td></tr></table></blockquote><p></p>
[QUOTE="Lee Beaittie, post: 3953781, member: 47034"] [HEADING=1]2022 federal income tax brackets[/HEADING] (for taxes due in April 2023) Single filers [TABLE] [TR] [TH]Tax rate[/TH] [TH]Taxable income bracket[/TH] [TH]Tax owed[/TH] [/TR] [TR] [TD]10%[/TD] [TD]$0 to $10,275.[/TD] [TD]10% of taxable income.[/TD] [/TR] [TR] [TD]12%[/TD] [TD]$10,276 to $41,775.[/TD] [TD]$1,027.50 plus 12% of the amount over $10,275.[/TD] [/TR] [TR] [TD]22%[/TD] [TD]$41,776 to $89,075.[/TD] [TD]$4,807.50 plus 22% of the amount over $41,775.[/TD] [/TR] [TR] [TD]24%[/TD] [TD]$89,076 to $170,050.[/TD] [TD]$15,213.50 plus 24% of the amount over $89,075.[/TD] [/TR] [TR] [TD]32%[/TD] [TD]$170,051 to $215,950.[/TD] [TD]$34,647.50 plus 32% of the amount over $170,050.[/TD] [/TR] [TR] [TD]35%[/TD] [TD]$215,951 to $539,900.[/TD] [TD]$49,335.50 plus 35% of the amount over $215,950.[/TD] [/TR] [TR] [TD]37%[/TD] [TD]$539,901 or more.[/TD] [TD]$162,718 plus 37% of the amount over $539,900.[/TD] [/TR] [/TABLE] [/QUOTE]
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Tax write offs do they amount to anything substantial??
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