View Single Post
Unread 2016-01-14, 01:49 PM   #7
evilpoptart
 
Join Date: Feb 2011
Location: Michael Jackson's House
Posts: 2,710
Post Thanks / Like
Thanks (Given):
Thanks (Received):
Likes (Given):
Likes (Received):
Dislikes (Given):
Dislikes (Received):
Default

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)
__________________
Poops on baby changing stations...
evilpoptart is offline   Reply With Quote