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Reply #16: you both are wrong , you are incorrect in claiming the calculations based on a FAMILY of 4 [View All]

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stockholmer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-08-11 01:44 PM
Response to Reply #13
16. you both are wrong , you are incorrect in claiming the calculations based on a FAMILY of 4
The author was giving a SINGLE person as an example.

The author is wrong, in that the total federal income tax paid would be around $19K, not 40K, after the standard deductions and exemptions


http://www.moneychimp.com/features/tax_calculator.htm



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