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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: 3953782" data-attributes="member: 47034"><p>Married, filing jointly</p><p></p><table style='width: 100%'><tr><th>Tax rate</th><th>Taxable income bracket</th><th>Taxes owed</th></tr><tr><td>10%</td><td>$0 to $20,550.</td><td>10% of taxable income.</td></tr><tr><td>12%</td><td>$20,551 to $83,550.</td><td>$2,055 plus 12% of the amount over $20,550.</td></tr><tr><td>22%</td><td>$83,551 to $178,150.</td><td>$9,615 plus 22% of the amount over $83,550.</td></tr><tr><td>24%</td><td>$178,151 to $340,100.</td><td>$30,427 plus 24% of the amount over $178,150.</td></tr><tr><td>32%</td><td>$340,101 to $431,900.</td><td>$69,295 plus 32% of the amount over $340,100.</td></tr><tr><td>35%</td><td>$431,901 to $647,850.</td><td>$98,671 plus 35% of the amount over $431,900.</td></tr><tr><td>37%</td><td>$647,851 or more.</td><td>$174,253.50 plus 37% of the amount over $647,850.</td></tr></table></blockquote><p></p>
[QUOTE="Lee Beaittie, post: 3953782, member: 47034"] Married, filing jointly [TABLE] [TR] [TH]Tax rate[/TH] [TH]Taxable income bracket[/TH] [TH]Taxes owed[/TH] [/TR] [TR] [TD]10%[/TD] [TD]$0 to $20,550.[/TD] [TD]10% of taxable income.[/TD] [/TR] [TR] [TD]12%[/TD] [TD]$20,551 to $83,550.[/TD] [TD]$2,055 plus 12% of the amount over $20,550.[/TD] [/TR] [TR] [TD]22%[/TD] [TD]$83,551 to $178,150.[/TD] [TD]$9,615 plus 22% of the amount over $83,550.[/TD] [/TR] [TR] [TD]24%[/TD] [TD]$178,151 to $340,100.[/TD] [TD]$30,427 plus 24% of the amount over $178,150.[/TD] [/TR] [TR] [TD]32%[/TD] [TD]$340,101 to $431,900.[/TD] [TD]$69,295 plus 32% of the amount over $340,100.[/TD] [/TR] [TR] [TD]35%[/TD] [TD]$431,901 to $647,850.[/TD] [TD]$98,671 plus 35% of the amount over $431,900.[/TD] [/TR] [TR] [TD]37%[/TD] [TD]$647,851 or more.[/TD] [TD]$174,253.50 plus 37% of the amount over $647,850.[/TD] [/TR] [/TABLE] [/QUOTE]
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Tax write offs do they amount to anything substantial??
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