Annual Taxes - Humor In The Drudgery: Difference between revisions

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Revision as of 09:53, 21 September 2024

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Tax, it is not a dirty four letter word, but for many of us its connotations are far worse than any curse. It's been found that high tax rates generally relate to outstanding social services and standards of living. Developed countries, that tax rate exceeds 40%, usually have free health care, free education, systems to nurture the elderly and a steeper life expectancy than having lower tax rates.

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Individuals are taxed differently, depending on their filing stature. The cutoff for singles is below what those filing as head of loved ones. For instance, in 2009, those who belong in the 15% range are singles with taxable income of over 8,350 however is not over 33,950 and heads of household with taxable income of over 11, 950 but not over 45,500. In effect, those are usually earning 10,000 dollars as singles tend to be at a higher rate than heads of households earning identical amount. If you note how changes in daily life affect your income tax.

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