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Your marginal tax rates (brackets) on your taxable income start at -0- % and go to the 35% tax rate for the 2010 tax year.
You can look at the tax bracket amount for each filing status by going to the IRS gov web site and using the search box for 1040ES go to page 8
Click on the below related link
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∙ 13y ago
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Why is the progressive tax is the ideal tax system?
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
What is the real reason America does not have a flat tax instead of the present IRS mess?
In a progressive tax, the more you earn, the higher your tax rate. In a regressive tax, the less you earn, the higher your tax rate. Most countries use a progressive form of taxation on income, because most people believe that a higher tax rate on "poor" people is undesirable. The present IRS mess comes into play only on higher income individuals with multiple sources of incomes. It is still quite simple for the "average" wage earning taxpayer.
Canada tax structure?
The Canadian tax structure is usually progressive. This means that the more money you earn, the higher the tax that you will pay.
What dose standard rate cut off point mean?
This is the highest possible income you can earn in the republic of Ireland at the lowest tax rate. Any income that exceeds the standard rate cut-off point will be taxed with the next higher tax rate.
How is the tax rate on personal income taxes determined?
The more income the person makes the higher rate he or she pays
Individual income tax rates are usually this of tax the higher the income the higher the tax rate?
Progressive
Corporate tax rate?
The corporate tax structure is progressive; the more that a corporation makes, the higher the tax bracket. Tax rates start at 15% and top out at 35%.
What is the difference between a progressive tax and regressive tax?
A progressive tax is defined as a tax whose rate increases as the payer's income increases. That is, individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax.A regressive tax, on the other hand, is one whose rate increases as the payer's income decreases.
What is the advantage of tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
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 taxes do consumers pay a higher tax rate on when their income increases?
Progressive ______________ Income taxes will have a higher rate. Many other taxes, or more correctly tax benefits, may be limited or eliminated.
