Reply #14: Another throwback at those that argue low-income that don't pay taxes [View All]

[LiberalFighter]

Everybody gets exactly $3,100 per exemption they are allowed to claim.

If a filer with a family of 4 files Married filing jointly and takes the Standard Deduction earns $22,100 they will have taxable income of $0 because 4 exemptions =12400 +$9700 for Married filing jointly status.

If a filer with a family of 4 files Married filing jointly and takes the Standard Deduction earns $50,000 they will have taxable income of $27,900 because 4 exemptions =12400 +$9700 for Married filing jointly status.

They both have the same Standard Deduction of $9700 and they both will have exemptions totaling $12400 for the 4 exemptions.

The family with an income of $50,000 will have taxes of $3466 or 12.42% of gross income. If the total income was taxed it would be $6789 or $13.58.

Many people are under the impression that if someone is in the 25% tax bracket that all of their taxable income is taxed at that rate. That is not true. Wealthy and Republicans want the general public to believe that.

Married Filing Jointly Tax Bracket
If taxable income is over-- $0
But not over-- $14,300
Tax is: 10% of the amount over $0

If taxable income is over-- $14,300
But not over-- $58,100
Tax is: $1,430.00 plus 15% of the amount over 14,300

If taxable income is over-- $58,100
But not over-- $117,250
Tax is: $8,000.00 plus 25% of the amount over 58,100

If taxable income is over-- $117,250
But not over-- $178,650
Tax is: $22,787.50 plus 28% of the amount over 117,250

If taxable income is over-- $178,650
But not over-- $319,100
Tax is: $39,979.50 plus 33% of the amount over 178,650

If taxable income is over-- $178,650
But not over-- No Limit
Tax is: $86,328.00 plus 35% of the amount over 319,100