permafrost wrote:
Yes,, the man paid my taxes back in early march or so.. he is a very good lad and has always done a great job.. just a kid.. But he knows the rules and how to work them.. I did very well with portfolios he helped me with.. now he only tends the old guy paperwork..
Hope yours went OK and now you have relief for a full year.. Buddy of mine never seemed to get his in order and always fighting to avoid some more payment, interest or penalty... but that was a good distraction on the golf course, he was pretty good when he did not worry about getting it paid..
have to add,, "my fair share" has always seemed extra high.. darn it.. but property tax the most hated of all.. and I did lose a sorta big fight over that once upon a time..
Yes,, the man paid my taxes back in early march or... (
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https://www.thebalancemoney.com/breakdown-of-who-pays-most-taxes-4178924Which Taxpayers Pay the Most Taxes?
People with an AGI of $546,434 pay the most in federal income taxesThe U.S. tax system is generally progressiveāthe more you earn, the greater the percentage of your income is taxed by the IRS.
Federal Income Tax Brackets
A single taxpayer who earns $300,000 a year will pay a top tax rate thatās higher than another taxpayer who makes $40,000 a year.
The highest income tax bracket for the 2022 and 2023 tax years is 37%.
In both 2022 and 2023, the highest tax bracket for a single taxpayer making $300,000 per year would be 35%, while the highest tax bracket for someone making $40,000 per year would be 12%.They should each theoretically pay the same amount in taxes on their first $40,000. That means for tax year 2023, each of these taxpayers would pay 10% on their first $11,000, and 12% on the rest of the money up to $40,000. For all income after the first $44,725, the taxpayer making $300,000 a year would pay either 24% or 32% in taxes.
That's a simplified way of putting it, since the actual equation is a bit more complicated. Everyone's situation is different depending on tax credits, deductions, age, health, filing status, and other factors.
Income Tax Rate Single Filers, 2022 Single Filers, 2023 Married Filing Jointly, 2022 Married Filing Jointly, 2023
10% $0 to $10,275 $0 to $11,000 $0 to $20,550 $0 to $22,000
12% $10,276 to $41,775 $11,001 to $44,725 $20,551 to $83,550 $22,000 to $89,450
22% $41,776 to $89,075 $44,726 to $95,375 $83,551 to $178,150 $89,451 to $190,750
24% $89,076 to $170,050 $95,376 to $182,100 $178,151 to $340,100 $190,751 to $364,200
32% $170,051 to $215,950 $182,101 to $231,250 $340,101 to $431,900 $364,201 to $462,500
35% $215,951 to $539,900 $231,251 to $578,125 $431,901 to $647,850 $462,501 to $693,750
37% $539,901+ $578,126+ $647,851+ $693,751+