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Termyn8or -> RE: Income Tax Doubled (2/22/2011 5:00:23 PM)
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OK, it's obvious who anin't getting any here, they seem extra testy these days. You wrote FITW which I assume to mean Federal Income Tax Witheld. Does that mean that the tax rate doubled ? It would be a reasonable assumption. Other possibilities are that there was an error in the previous witholding rate, or an error in the new rate. I'm not dismissing the possibility that the tax rate itself increased, it well may have. Seems to me you should be able to get the rates from the IRS website. I know you can get the previous year, I've done it, but I haven't tried to get the current year. Actually this was a few years ago anyway, so who knows. But I see no reason they would not make it available. Fuckit, I just went there. I don't see the actual tables for 2011 at the IRS site. Maybe it takes a little more searching. Anyway, according to the tables for 1040EZ if your AGI is $30,000 you pay $4,078 for 2010. At bargaineer.com, they say at $30,000 you pay 25%, which is $7,500. But the irs site seems to indicate something like about $4,700 (witholding). I don't think they'r inclined to withold less than the expected tax. Read it yourself because it's not that clear. In my old book the $ does not indicate percentage. http://www.irs.gov/pub/newsroom/notice_1036.pdf Typical tax code. My Father got into it for awhile, I never took to it. But I'll say this much, if politicians said there would be no tax increase and there is, it doesn't surprise me at all. When they call you a liar here, remember that the most likely people to call thoe who are. Usually, honest people don't call others theives or liars, intelligent people don't call others stupid. Namecalling is a sign of a certain mentality. They know who they are. T^T
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