How much tax does Uncle Sam take from a single man?
If you make, let's say hypothetically, 5K a month, how much will the US government take as taxes? How much will you get back? Does it make a difference if you eaern that money in a job or from an investment such as stocks or real estate? What's an approximate answer....
Asked By: Triple n****e - 2/28/2007
Best Answer - Chosen by Asker
No way to say. It depends upon other income, the source of the income, deductions and adjustments to income, etc... More
Answered By: bostonianinmo - 2/28/2007
Additional Answers (1)
Assuming that all this is ordinary income, and that you have no dependents or adjustments, and don't itemize, your total income would be $60K, your taxable income would be $51550, and your tax would be $9451. Ok, less the $30 phone refund this year, assuming you are eligible for this... More
Answered By: Judy - 2/28/2007
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