Why do they tax my investments and how can I save money?
2007-10-16 23:44:03 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
State and local taxes vary by area so there is no overall answer. For federal taxes part of the $35,000 would be taxed at 0%, part at 10% and part at 15%
2007-10-17 00:34:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A single person, not a dependent, with no dependents or adjustments to income, claiming a standard deduction, will owe $3564 for federal income tax, and will also pay $2677.50 for social security and medicare.
Since you don't say where you live, there's no way to even guess what your state and local taxes might be.
2007-10-17 05:18:50 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Income Tax On 35000
2016-12-12 14:46:09 · answer #3 · answered by ? 4 · 0⤊ 0⤋
It depends on where you live, if you are filing any deductions, if you have anything coming out of your check, like health insurance. Best bet is too contact a tax office.
2007-10-17 03:28:17 · answer #4 · answered by Cookie 2 · 0⤊ 0⤋