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Revision as of 10:26, 31 October 2024
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My 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 like to use, I compare my finances into the median heroes. The median earner pays taxes of 2 . 5.9% of their wages for the married example and 7.3% for the single example. I pay 3.7% for my married income, which can 5.8% additional the median example. For your 10 year plan those number would change five.2% for the married example, 11.4% for that single example, and 15th.6% for me.
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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some in the changes passed in the 2001 EGTRRA.
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