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Topic: Federal income tax rate

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Favorite possession(s):

Credit card

Most admires:

Warren Buffet, George W Bush

Politics:

Democrat, Capitalist, Republican

Dream job(s):

Tax Collector, Banker

Favorite era(s):

1990s, 1970s

Favorite activity(s):

Paying off their mortgage

Interest(s):

Economics

Likes to wear:

Business suits

Ultimate fantasy(s):

Getting off welfare, Bankruptcy

Worst habit(s):

Wasting money

Favorite quote(s):

"Distrust any enterprise that requires new clothes." - Henry David Thoreau (1817-1862)
"Any man who is under 30 , and is not a liberal, has not heart; and any man who is over 30, and is not a conservative, has no brains." - Sir Winston Churchill (1874-1965)

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

John Fielding,
CEO

TAX BRACKET For federal tax purposes, an individual's tax bracket refers to the level at which income tax rates are applied to his or her annual taxable income.
DSMT4 is the weighted average of the individual AGI group marginal federal tax rates, the weight being the fraction of total dividends that fall within each income class.
As shown, is the weighted average of the individual AGI group marginal federal tax rates, the weight being the fraction of total dividends that fall within each income class.

Brian Mengel,
Civil Servant

Individual taxpayers determine their federal taxable income tax liability by applying graduated tax rates to their taxable income for the year.
Individual taxpayers determine their federal income-tax liability by applying graduated tax rates to their taxable income for the year.
The after-tax calculation methodology assumes the highest individual federal income tax rates in effect at the time the distribution is paid.

Bob Greenberg,
Congressional Candidate

Federal Income Taxes (Marginal tax rates 28% vs.

User Talk

Comments from our users:

From:

2004-11-14 23:02:28

I claim my eighteen year old daughter as a dependant. She has a part time job. How much income can she earn before she has to file her individual icome tax return?

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