Join Early Retirement Today
Thread Tools Display Modes
simple tax rate question
Old 07-16-2007, 04:35 PM   #1
Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
simple tax rate question

When your income places you in a higher tax bracket, isn't the higher tax rate only applied to the amount over the previous bracket versus it all.
bobbee25 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-16-2007, 04:38 PM   #2
Thinks s/he gets paid by the post
retire@40's Avatar
Join Date: Feb 2004
Posts: 2,670
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Old 07-16-2007, 04:38 PM   #3
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,673
Yes, that's right. See this chart to see how it all works -

2007 Federal Tax Rate Schedules
Sue J is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Rate - confused planning101 Young Dreamers 2 02-22-2007 11:16 AM
Tax question brewer12345 FIRE and Money 32 12-17-2006 11:22 AM
Tax Rates now and 2011 Gearhead Jim FIRE and Money 25 12-10-2006 09:07 AM
Tax Question - TIPs Mutual Funds Gone4Good FIRE and Money 1 03-29-2006 07:34 PM
estate tax question m trunk Other topics 3 09-13-2004 07:16 AM

» Quick Links

All times are GMT -6. The time now is 02:54 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.