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what is the percentage to pay taxes if you made 260000 gross

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per 2010?...
what is the percentage to pay taxes if you made 260000 gross per 2010?
Submitted: 7 years ago.Category: Tax
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Answered in 10 hours by:
11/11/2010
Tax Professional: Robin D., Senior Tax Advisor 4 replied 7 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,871
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello and thank you for using Just Answer.

<table border="0" cellspacing="0" cellpadding="0">Your Filing Status SingleTotal Exemptions
1Total Income 260000Total Deductions Adjusted Gross Income (AGI) Standard Deduction 5700Itemized Deduction Total Taxable Income 250650Tax Rate 33%Tax Owed based on Income 67831Total Other Taxes Total Credits Total Payments

 

Above is a breakdown of what the tax would be on the $260000 that you stated for a single individual with no dependents and using the Standard Deduction.

Since you did not advise of anything different I used single and did not have numbers to itemize (mortgage interest, charitable contributions, medical....).

Here is a link to a very good calculator for 2010 taxes if you would like to see how changes would effect the tax liability:

http://www.efile.com/tax-calculator/tax-estimator/

 

I sincerely XXXXX XXXXX information is helpful,

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