a year?
2007-10-31 11:26:07 · 4 answers · asked by ? 1 in Business & Finance ➔ Taxes ➔ United States
There isn't enough information to adequate answer the question. However, if someone PAID $50K in taxes last year, you can safely assume that they are making a good buck.
2007-10-31 11:53:40 · answer #1 · answered by Steve 6 · 1⤊ 0⤋
Depends on a lot of things, like their filing status, deductions - also whether you are including just federal income tax, or also state and local taxes and social security and medicare. But in any case they probably made a couple hundred thousand dollars or very close to that - maybe more.
2007-10-31 19:59:06 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Assuming single or married filing seperatly filing staus, standard deduction, 1 personal exemption, and NO other taxes.
Single & MFS
tax paid $50,000.00
taxable income $127,100.00
Adjusted Gross income $135,550.00
It is way too much trouble to figure out the other filing status.
2007-10-31 20:01:40 · answer #3 · answered by Charlie & Angie G 4 · 0⤊ 1⤋
There is absolutely no way to tell. The tax code is so complex that any guess would be just that -- a guess.
2007-10-31 19:09:10 · answer #4 · answered by Anonymous · 1⤊ 0⤋