3 ms·
not sure what area they're in where a $50k/year family pays $12k in taxes. NY? CA?
by mgkimsal 10y ago
not sure what area they're in where a $50k/year family pays $12k in taxes. NY? CA?
- Mr24601 10y agoNowhere. $50k a year family probably only pays $5k a year all in including ss.
- mgkimsal 10y agothat's pretty much what I was thinking.
- spc476 10y agoI just looked it up [1] and depending upon filing status (single, married, head of household) the tax on the net taxable income of $50,000 (after deductions, expenses, etc) is between $6,576 and $8,278. $12,000 in taxes don't start until $65,000 net income. [1] https://www.irs.gov/pub/irs-pdf/i1040gi.pdf https://www.irs.gov/pub/irs-pdf/i1040gi.pdf