Finance Questions? Ask a Financial Expert for Answers ASAP
Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.
Tax bracket--??25%, 30% Thankyou
Hi. Sorry had a computer glitch.
?waiting for answer--Sheila
I assume you are single?
The bad news is that your incrmental tax rate is 33%
But hey....That's a great salary. This assumes NO schedule A to adjust your income down.
no 401K contributions.
NP. What else can I answer for you while I am here?
I'm 60 & taking my pension out as cash with 33% tax deducted
seems to be ok. Remember Not ALL of it is taxed at 33%. Just what's over the 217,450.
It's GRADUATED. First 17,40 is only at 1%, etc.
If this answers your question please accept. If you feel kind please leave positive feedback.
Is there anything else?
Would you like to adopt me? or just put me in your will?