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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (594787)12/2/2010 7:21:10 PM
From: Bill  Read Replies (1) of 1581605
 
Are you serious? Everyone with taxable income over $373,650 pays the top rate on every dollar over that amount.
It's the law, Joey.

[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
10% on the income between $0 and $16,750

15% on the income between $16,750 and $68,000; plus $1,675

25% on the income between $68,000 and $137,300; plus $9,362.50

28% on the income between $137,300 and $209,250; plus $26,687.50

33% on the income between $209,250 and $373,650; plus $46,833.50

35% on the income over $373,650; plus $101,085.50

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