wich is the taxation on T-bill?

3 ⤊

wich is the taxation on T-bill?

2006-09-29 01:24:13 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

3 answers

You just add the interest in with all your other taxable income.

The more income you have the higher the tax rate.

The tax brackets are 10% - 15% - 28% - 36%

So your last dollar earned could be taxed @ 36%

2006-09-29 01:48:29 · answer #1 · answered by Floyd B 5 · 0⤊ 1⤋

Federal: Taxed at your marginal rate
State: Tax Exempt

(Interest on T-Bills, T-Notes, T-Bonds and Savings bonds are exempt from all state taxes)

2006-09-29 02:09:09 · answer #2 · answered by Wayne Z 7 · 2⤊ 0⤋

Interest is taxed at your marginal rate.

2006-09-29 01:52:46 · answer #3 · answered by Adios 5 · 1⤊ 0⤋