- Thread starter
- #121
Anybody making 200k and paying 70K in income taxes needs serious, serious help...and a new calculator.
The income tax on 200,000 is about 45,000 but if you add in property tax, car tax, gas tax, sales tax, and state income tax, it probably would be about 50,000 which is SICK!
Let me add that if it was a gift tax
it would be 70,000
the thread had no intent to discuss tables
the intent was to discuss agendas and do people understand that people pay taxes, not corporations
raising a tax on a corporation only raises it on the consumer
mnay do not understand that
to create a job the consumer needs wealth
take that wealth away then he or she cannot create anything
The Libs are attack the messenger, me
Instead of the message
So if they do not think a 200,000 amount cannot force a 70,000 tax
well Toro an the rest, what now?
op Gift and Estate Tax Rates for Years 2003 Through 2012
Top Gift
and Estate
Year Tax Bracket
2003 49%
2004 48%
2005 47%
2006 46%
2007 45%
2008 45%
2009 45%
2010 35% (Gift Tax Only. Estate Tax Repealed)
2011 35%
2012 35%
Federal Gift and Estate Tax Rates | Planned Giving Design Center