0
The maximum tax bracket or schedule amount would be at 35%.
Go to the IRS.gov web site and use the search box for 2009 federal tax rate schedules go to page 13
Click on the below Related Link
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the tax percentage for 1099?
After you have completed your income tax return correctly you will know what your marginal tax rate is. The taxable amount from the 1099-R will be subject to income tax at that marginal tax rate.
What is the relevant tax rate for investment decisions?
Marginal Rate
Marginal Tax Rate Calculator?
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
In making financial decisions the relevant tax rate is the?
The relevant tax rate is the marginal tax rate in making finicial decisions.
What is the income tax on 16000?
Multiply the taxable amount of 16000 by your marginal tax rate if your marginal tax rate is 10% then the income tax amount would be 1600. !6000 X .15 = 2500
What was the highest tax rate in US history?
The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased, reaching 94% (on all income over $200,000) in 1945. During World War II, Congress introduced payroll withholding and quarterly tax payments. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. However, in the intervening years Congress subsequently increased the top marginal tax rate to 35% (the top marginal tax rate as of 2007).
What is the name of the tax rate at which additional income is taxed?
Your marginal rate as compared to your effective rate.
If you sell a painting how much tax do you pay?
The answer depends on your marginal tax rate, if you're selling the painting at a gain, and how long you've owned the painting. Your gain or loss on the painting is typically the amount you sold the painting for minus the amount you paid for the painting. You will only pay tax if you sell the painting at a gain. If your marginal tax rate is 28% or lower, you will likely pay tax at your marginal rate on the gain regardless of how long you've owned it. If your marginal tax rate is over 28%, you will pay 28% tax on the gain if you've owned the painting for over a year or pay tax at your marginal rate if you've owned the painting for less than a year.
Does the after tax cost of a deductible expense increase or decrease as the taxpayer's marginal income tax rate increases?
Decrease The higher the marginal rate, the more a person or firm is shielded from expenses.
What are the tax percent on a dallor?
After your income tax return is completed correctly you will know what your marginal tax rate was for your taxable income for the year. The federal income tax rate on your taxable income can be from -0- percent to the maximum 35% marginal tax rate depending on your filing status and your total worldwide taxable income.
What are the federal and NYS tax rates on alimony received?
The rate would be your marginal tax rate after your income tax return is completed correctly. From the -0-% to the maximum 35% rate.
If you win the Ohio lottery what percent do you have to pay?
What ever your marginal tax rates are. For 2009 and 2010 from 10% to the 35% maximum marginal tax rate for the federal income tax return.
