Tax Rates Reflect Lifestyle: Difference between revisions

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Latest revision as of 21:01, 5 March 2025

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My personal finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax for 2010 $10,170. My increase for the 10-year plan would go to $18,357. For that class warfare that the politicians like to use, I compare my finances towards the median rates. The median earner pays taxes of 2 . 5.9% of their wages for the married example and a half dozen.3% for the single example. I pay eight.7% for my married income, that 5.8% additional the median example. For the 10 year plan those number would change to.2% for the married example, 11.4% for the single example, and 12.6% for me.

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