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2019 Federal Tax Brackets: What They Mean For You

 2019 Federal Tax Brackets: What They Mean For You

Hello Rookies!

For those not familiar with tax brackets and marginalized tax rates please see Tax Bracket Blunder.

2019  Marginalized Tax Brackets
Tax RateSingle Married Filing Jointly10%Up to $9,525Up to $19,05012%$9,526 to $38,700$19,051 to $77,400 22%38,701 to $82,500$77,401 to $165,00024%$82,501 to $157,500$165,001 to $315,00032%$157,501 to $200,000$315,001 to $400,00035%$200,001 to $500,000$400,001 to $600,00037%over $500,000over $600,000


Most notably is the percent of tax due per group of income.  For example: All money earned between 28,701 to 82,500 is taxed at 22%  - this is a decrease of about 3% from 2017



For simplicity lets look at a how single individual would be just federally taxed with no tax deductions:


TJ is a single male making $50,000 a year in income TJs $50,000 will be broken up into groups All money earned between $0 - $9,525 is group 1  All money earned between $9,526 -$38,700 is group 2 All money earned between…

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