Quote:
Originally Posted by BK911
Below is a clip of the 2022 tax brackets.
Say I make $90k. Is $89k taxed at 22% and $1k taxed at 24%?
Or the whole enchilada taxed at 24%?
What if mommy has a part time job and her income puts us in a higher tax bracket.
Would filing separately reduce our taxes?
I will do the math both ways, but just curious what you smart people do.
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Quote:
Originally Posted by Sooner or later
89 @ 22
1 @ 24
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Quote:
Originally Posted by Crowbob
Yep.
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Quote:
Originally Posted by KC911
Filing jointly, your income (minus standard or itemized deductions) would be taxed at 22% (or less) for the first $83,550, and at 24% for the amount above that.... up to $178,150, etc.
Unless you are really rich .... then it might be much less 
edited: Don't think the lower % threshold is shown in the joint table brackets above .... pretty sure there is one.
2nd edit: My dawg typed the original post .... she can't read the brackets gud with no coffee
But she got the jist of graduated brackets right  |
No, this is not how progressive taxation works in the US. BK911, I don't know where you got the tax bracket information from but -- while it's not technically incorrect -- it's not very clear. This may help, it's directly from the IRS site:
EDIT: This chart is from irs.com, not irs.gov. The #s are a little off.