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You made more money and paid more in taxes? You should tell Donnie thank you.
Keep collecting parts and do the engine at one time.
The Act created the following chart. The highest tax bracket is $500,000 for single people and $600,000 for married couples. In 2018, they pay a 37 percent rate after exemptions and deductions. That's lower than the 2017 rate of 39.6 percent.
Income Tax Rate Income Levels for Those Filing As:
2017 2018-2025 Single Married-Joint
10% 10% $0-$9,525 $0-$19,050
15% 12% $9,525-$38,700 $19,050-$77,400
25% 22% $38,700-$82,500 $77,400-$165,000
28% 24% $82,500-$157,500 $165,000-$315,000
33% 32% $157,500-$200,000 $315,000-$400,000
33%-35% 35% $200,000-$500,000 $400,000-$600,000
39.6% 37% $500,000+ $600,000+
Rates went down in every bracket but one. Must be nice making 600K plus and complaining about it.
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PCA, POC & SCCA long time Member
Last edited by 996AE; 02-22-2019 at 06:43 AM..
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