BrainKing - Discussion boards (Politics)

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Politics

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24. April 2009, 13:40:38

Czuch

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Subject: Re:nows it all when it comes to UK taxes so let him give you exact figures on income and taxes on specific figures :)

(V): I know there are many variables in a tax situation... and I know that savings, for example, are taxed differently than wages....

my guess is that your version of the IRS doesnt consider income from a savings or from other dividend investments as part of the total when calculating if you earned more than 150k?

I know you like to keep things as complicated and convoluted as possible.... but lets keep it simple, just for me please....

lets say someone makes 150K in earnings, he is single with no kids, he has no other income or any types of deductions... just plain simple 150k a year salary, okay????

Now is he or is he not going to pay 50% of that in taxes???? and if he is going to, doesnt that leave him with 75K net, after tax income????