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Unread 2016-01-14, 01:49 PM   #7
Join Date: Feb 2011
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Okay, I am admittedly ignorant when it comes to income taxes.

So from what I'm reading, you're only taxed at the certain rate when you reach that income.

So, if we made 80k joint (that's close) only 5k of our income SHOULD have been taxed at 25%. Right? So if it wasn't we would owe that amount or about $500. (5k * .15 = 750 and 5k * .25 = 1250)
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