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 My wife and I got married in January 2008 do we file our taxes together or wait to next year?
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 Can I file taxes as "married filing jointly" with my live in boyfriend?
We lived together all of 2007, we live in California. We're engaged, but not married yet. Not sure if we can. If we file separate, I have to pay 1100, if we do it together, we get back 3000, ...


 My "X" husband did not file his 2006 taxes?
my x did not file last year because he owed money. I filed and got my refund. We are still legally married (serperated 5 yrs.) and I want to make sure this is taken care of this year so I don'...


 Which state do I file state taxes with when I move?
I used to live in Maryland for several years. The company I worked for is located in Maryland and I recieved my W-2 while I was located in maryland. On Feb 2007, I moved to california. The question ...


 What is a paycheck stub? Am I getting it if I get paid through checks? Where do I look?
I am going to have to pay all my taxes anyway, right? Either they take them out of my paycheck or I py them in th ereturn, it's the same amount to be paid, correct?...


 What is the best way to report someone who is hidding major income from the IRS. Who should I contact?
This is concerning a puppy mill, horse breeding farm, and horse trainning. All monies are hidden under the table BUT all expences are claimed as well as trips to out of state for fun....


 I got married last year do i have to file jointly? I got married in august?
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 Who else thinks the whole "Stimulus Check" idea is NOT going to boost the economy?
So far, I haven't talked to anyone who received the full "$600 a person". My husband and I only received $850 total, and we didn't even get a check. The IRS credited the whole ...


 At what age do you start paying taxes?
do you start paying taxes once you get a job? and how would you pay it?...


 Do we have to pay our stimulus payments back next year?
...


 I made $17,574,no depentdents,single.How much should I get back?
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 How much do people get paid on incapacity benefit?
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 Wages-uk answers only please?
putting in for job-can someone please work out the monthly and annual salary looking at these numbers please- 37 .5 hours a week at 7.24 an hour thanks if u can ...


 What is the best way to fill out the W-4 form, if I want more money from my paycheck?
I bought a condo, and want to write off the taxes and interest that I will pay, and wanted to know how this system works.
Additional Details
Forgot to mention, I'm married with one ...


 Does the government have the right to make you pay federal income tax?
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 Why is there sales tax on coffee in California ?
I just bought coffee from the largest chain supermarket in the West, and it was 1.95 for a medium cup, plus .16 sales tax !! And there is no tax on food items in CA.

I called the corp ...


 Can I file child care on my taxes?
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 Told my boss ive been overpaid?
i realised on my wage slip that i was over paid by £580 pounds and told my boss and has told head office cos of the amount of tax and ni they have took of me can i arrange to pay back in ...


 $15/hr job. How much should I take out for taxes, SSI, Medicare, etc.?
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 Will I be affected if my partner becomes bankrupt. Everything in the house is mine. Can they take my car?
...



aj_lets_go_shopping
How much does the federal government take out of our paychecks for income tax?
                     
 




morgan
Collectively, for 2005, the federal government collected
the following:

Individual Income Taxes: 927.222 (billion)
Corporate Income Taxes: 278.282 (billion)
Social Security: 794.125 (billion)
Excise Taxes: 73.094 (billion)
Other: 81.136 (billion)

See page 31 of reference #1

Individually, federal income taxes are based on
the following tables:

Filing single
-------------

Up to $7300: 10%
Up to $29700: $730 + 15% of anything over $7300
Up to $71950: $4090 + 25% of anything over $29700
Up to $150150: $14652 + 28% of anything over $71950
Up to $326450: $36548 + 33% of anything over $150150
Above $326450: $94727 + 35% of anything over $326450

Filing joint:
-------------

Up to $14600: 10%
Up to $59400: $1460 + 15% of anything over $14600
Up to $119950: $8180 + 25% of anything over $59400
Up to $182800: $23317 + 28% of anything over $119950
Up to $326450: $40915 + 33% of anything over $182800
Above $326450: $88320 + 35% of anything over $326450


So, for example, if you are single and make $40000,
you would fit into the "Up to $71950" category and
your calculation would be:

$4090 + 25% of (40000-29700)
$4090 + 0.25 * (10300)
$4090 + $2575
$6665

For more information, see reference #2.


jeff410
If you're talking about withholding from your paycheck, that depends on what you claim in your W-4. If you're talking about how much tax you actually pay, that depends on your income and your filing status.


♥gabrielle♥
WAY TO MUCH !!!!! I THINK IT HELPS IN THe lOnG rUn ThOuGh!!!!


theace0804
Rating
No, its not 15%. Its closer to 25%. Plus, add in Social Security and food and sales taxes, you're looking at 30% +.


mrscybersmitty
Rating
Too Much!


mccordshelbyanne
15%


Big D
Rating
Depends on what you claim.


bradical_22602
low income approx. 17% before any other taxes. approx. 22.5% with everything else.
mid-income approx. 19-20% before anything else. then add 5-6% for the rest.


dapixelator
Rating
Depends on how much you make and what you claim on your witholding form (w-4)

Soc. Sec. is 7.65%, 15.30% if you're self employed (you pay both sides)
Medicare is 1.45% - no upper limit


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