3 ms·

For married-filing-jointly you need a gross income of at least $76,800 in 2017 to owe $7500 in federal taxes.

• seanmcdirmid 9y ago
  What table are you using?
  • dasil003 9y ago
    According to the brackets at https://www.forbes.com/sites/kellyphillipserb/2017/10/19/irs-announces-2018-tax-brackets-standard-deduction-amounts-and-more/#1202a8a4273b https://www.forbes.com/sites/kellyphillipserb/2017/10/19/irs..., and assuming the $13000 standard deduction, I work out $69350 to owe $7500.
    • bzbarsky 9y ago
      Did you forget the $8k or so of personal exemptions?
  • bzbarsky 9y ago
    https://taxfoundation.org/2017-tax-brackets https://taxfoundation.org/2017-tax-brackets table 2. To get to $7500 in tax you need to have (7500-1865)/.15 + 18650 = ~$56,000 of taxable income. For married filing jointly, standard deduction (same page, table 4) is $12,700. Two personal exemptions (same page, same table) is $8,100. So the total is about $76,800.
    • seanmcdirmid 9y ago
      Ok, I was using a simple tax calculator, I thought it already accounted for standard and personal deductions, but I guess not.