Difference between revisions of "Annual Taxes - Humor In The Drudgery"

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Revision as of 02:26, 1 November 2024

Families that are considered with regard to poor or low income are given assistance through the earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings acquire a better standard of living. An EIC can translate in tax refund of somewhere between $400 and $4,500. How to handle it will let you know that you can figure out if you are entitled for the EIC.

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 prefer to use, I compare my finances to your median quantities. The median earner pays taxes of 2.9% of their wages for the married example and step 6.3% for the single example. I pay eight.7% for my married income, which 5.8% additional the median example. For the 10 year plan those number would change to.2% for the married example, 11.4% for that single example, and 15.6% for me.

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