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Your biggest payday?
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<blockquote data-quote="satellitedriver" data-source="post: 569286" data-attributes="member: 1664"><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong><span style="color: DarkGreen"><strong>You need to get another tax accountant ,or do your own homework.</strong></span></p><p><span style="color: DarkGreen"><strong>Bonus is treated the same as earned income.</strong></span></p><p><span style="color: DarkGreen"><strong>The effective tax rate on $100,000.00 income, using the simple W-40 form, is about 14% for a married filling jointly. Single status filling, on the same amount of income, is around 20%.</strong></span></p><p><span style="color: DarkGreen"><strong>Effective tax rate is the key. </strong></span></p><p><span style="color: DarkGreen"><strong>Taxes are based on a sliding scale keyed to income levels.</strong></span></p><p><span style="color: DarkGreen"><strong>There is no 48% tax rate in the IRS code. Decades ago, yes.</strong></span></p><p><span style="color: DarkGreen"><strong>I truly hope that you make more than$100,000.00 a year .</strong></span></p><p><span style="color: DarkGreen"><strong>I will gladly do your taxes,for a minor percentage, and still save you 20%.</strong></span></p><p><span style="color: DarkGreen"><strong></strong></span></p><p><span style="color: DarkGreen"><strong></strong></span></p><p><span style="color: DarkGreen"><strong></strong></span></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 569286, member: 1664"] [B][COLOR=DarkGreen] [/COLOR][/B][COLOR=DarkGreen][B]You need to get another tax accountant ,or do your own homework. Bonus is treated the same as earned income. The effective tax rate on $100,000.00 income, using the simple W-40 form, is about 14% for a married filling jointly. Single status filling, on the same amount of income, is around 20%. Effective tax rate is the key. Taxes are based on a sliding scale keyed to income levels. There is no 48% tax rate in the IRS code. Decades ago, yes. I truly hope that you make more than$100,000.00 a year . I will gladly do your taxes,for a minor percentage, and still save you 20%. [/B][/COLOR] [/QUOTE]
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