GOP Kotha Tax Bill ochesindi

[stockdazzler]

1 hour ago, BossIzzWell said:

standard deductions kuda penchutunnadu ga

 

 

kani personal exemption($4050 per person in family) eliminate chesaru ga. families ki bokke ani talk undi

[Nannu_kelakoddu]

$90000 - $200000 ki bokka entha? akkada clear ga ledu  

[Nannu_kelakoddu]

Also, is this only Fedaral tax? what abt State tax?

[Batman_fan]

Just now, Nannu_kelakoddu said:

$90000 - $200000 ki bokka entha? akkada clear ga ledu  

25%

[Anta Assamey]

28 minutes ago, Spartan said:

IT lo pani chese mana lanti vallaki pedda farak padadu

because we always fall under 200K bracket.  

  @k2s uncle ki matram pandage...

Naaku clarity raledu .... Koncham clarity ivvu ee 2 points ki... 

 

• 12%: Applies to incomes up to $45,000 for an individual and $90,000 for a married couple.
• 25%: Applies to incomes up to $200,000 for and individual and $260,000 for couples.

[Hitman]

2 minutes ago, Anta Assamey said:

Naaku clarity raledu .... Koncham clarity ivvu ee 2 points ki... 

 

• 12%: Applies to incomes up to $45,000 for an individual and $90,000 for a married couple.
• 25%: Applies to incomes up to $200,000 for and individual and $260,000 for couples.

if your income is below 90K, u r tax rate is 12%

$90,001 to $260,000 25%.

 

for who gets right at 90 to 100, they feel very bad with this.. 

[Nannu_kelakoddu]

4 minutes ago, Batman_fan said:

25%

so technically, 25% + State Tax?

[Anta Assamey]

Just now, Hitman said:

if your income is below 90K, u r tax rate is 12%

$90,001 to $260,000 25%.

 

for who gets right at 90 to 100, they feel very bad with this.. 

Intaka mundu enta vundedi ... ???

[Batman_fan]

Just now, Nannu_kelakoddu said:

so technically, 25% + State Tax?

yes

[Hitman]

Just now, Anta Assamey said:

Intaka mundu enta vundedi ... ???

Tax rate	Single filers	Married filing jointly or qualifying widow(er)	Married filing separately	Head of household
10%	Up to $9,275	Up to $18,550	Up to $9,275	Up to $13,250
15%	$9,276 - $37,650	$18,551 - $75,300	$9,276 - $37,650	$13,251 - $50,400
25%	$37,651 - $91,150	$75,301 - $151,900	$37,651 - $75,950	$50,401 - $130,150
28%	$91,151 - $190,150	$151,901 - $231,450	$75,951 - $115,725	$130,151 - $210,800
33%	$190,151 - $413,350	$231,451 - $413,350	$115,726 - $206,675	$210,801 - $413,350
35%	$413,351 - $415,050	$413,351 - $466,950	$206,676 - $233,475	$413,351 - $441,000
39.6%	$415,051 or more	$466,951 or more	$233,476 or more	$441,001 or more

[Anta Assamey]

1 minute ago, Hitman said:

Tax rate	Single filers	Married filing jointly or qualifying widow(er)	Married filing separately	Head of household
10%	Up to $9,275	Up to $18,550	Up to $9,275	Up to $13,250
15%	$9,276 - $37,650	$18,551 - $75,300	$9,276 - $37,650	$13,251 - $50,400
25%	$37,651 - $91,150	$75,301 - $151,900	$37,651 - $75,950	$50,401 - $130,150
28%	$91,151 - $190,150	$151,901 - $231,450	$75,951 - $115,725	$130,151 - $210,800
33%	$190,151 - $413,350	$231,451 - $413,350	$115,726 - $206,675	$210,801 - $413,350
35%	$413,351 - $415,050	$413,351 - $466,950	$206,676 - $233,475	$413,351 - $441,000
39.6%	$415,051 or more	$466,951 or more	$233,476 or more	$441,001 or more

Thanks .....

[mastercheif]

19 minutes ago, Hitman said:

if your income is below 90K, u r tax rate is 12%

$90,001 to $260,000 25%.

 

for who gets right at 90 to 100, they feel very bad with this.. 

taxes ala undavu man... lets say you have 140k salary. first 90k will be taxed at 12% and remaining 50k will be taxed at 25%.

 

[iddaritho]

7 minutes ago, mastercheif said:

taxes ala undavu man... lets say you have 140k salary. first 90k will be taxed at 12% and remaining 50k will be taxed at 25%.

 

True , i also heard that this is going to be flat rate unlike the old system like you mentioned , do you have any knowledge about it 

 

[Hitman]

8 minutes ago, mastercheif said:

taxes ala undavu man... lets say you have 140k salary. first 90k will be taxed at 12% and remaining 50k will be taxed at 25%.

 

New system flat rate ani evaro chepparu.. not sure complete details..

[mastercheif]

5 minutes ago, Hitman said:

New system flat rate ani evaro chepparu.. not sure complete details..

it's not flat rate