planning101
Dryer sheet wannabe
- Joined
- Oct 19, 2005
- Messages
- 11
"As a consequence, a 30-year-old couple earning only $20,000 a year has a marginal tax rate of 42.5%, while a 45-year-old couple earning $500,000 pays at 43.2%. There are some exceptions: A 30-year-old couple earning $50,000 a year, for instance, pays 24.4%, and a 60-year-old couple making $150,000 a year faces a tax rate of 47.7%."
http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTaxRate40.aspx
Is there something I missed when comparing the tax rate for the 30-yr-old couples earning $20k vs $50k? Why is the $50k couple get a lower tax rate than the $20k couple?
http://articles.moneycentral.msn.com/Taxes/Advice/YourRealTaxRate40.aspx
Is there something I missed when comparing the tax rate for the 30-yr-old couples earning $20k vs $50k? Why is the $50k couple get a lower tax rate than the $20k couple?