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Latest revision as of 01:46, 29 July 2026


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Note: This writer is not a CPA or tax qualified. This article is for general information purposes, and really should not be construed as tax aid. Readers are strongly motivated to consult their tax professional regarding their personal tax situation.

What everyone should know as your 'income' tax has a few tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are applied to your taxable income which is income for over your 'tax free' income source.

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Someone making $80,000 each year is not really making noticeably of money. The fed's 'take' is significantly now. Duty originally started at 1% for extremely rich. As well as the government is about to tax you more.

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