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What Is The Top Tax Bracket In California? |
what portion is the richest of the richest paying in income tax in america?
| Answer: 9.3 % unless your taxable proceeds is greater that one million dollars in which case you add 1%. |
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If I Won A Million Dollars In Lottery In California, And Im In Lowest Tax Bracket, How Much Will Be Taxed? |
Scratcher, how much will i have thats useable?
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Please Give Opinions On My Idea For Simplifying California's Income Tax Code. Not Really A Question. Request.? |
I looked on the internet for the 2007 California profits tax brackets for single people. The first 3 sites I looked at had 3 slightly different sets of figures, but a representative example went something like this: $0-6,827, tax is $0 +1% of amount over $0. $6,827-16,185 tax is $68.27 + 2% of amount over $6,827...etc. and topping out at $44,814-over, tax is $1,973.07 + 9.3% of amount over $44,814. I dream this was a bit confusing. Here's my idea: If your income is $0-$30,000 you pay $0 and
| Answer: That's to a large extent higher than the current Federal tax rates for most folks. And with a 70% top rate, the combined Testify and Federal rate would be OVER 100%. It would never fly. |
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Should Income Tax Brackets Be Set According To Cost Of Living? |
It costs twice as much, or more, to be in the Northeast or in parts of California than it does to live in most of the country. Should the brackets be raised for areas where the expenditure of living is much higher than average?
| Answer: Relate to on now, that would be MUCH too fair. Chris G: totally agree with you there, actually. |
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Question On Tax Returns In California? |
hi
i reside in california, working as travelling IT consultant..........please suggest me how claim most tax returns
while filing my IT returns......can i show all my peripatetic and other incidential expenses.........
also, explain me how does the tax bracket for salaried employees m in california.
| Answer: You can subtract your travel expenses as a miscellaneous itemized deduction if you itemize. If you are paying your own expenses without reimbursement it would be more if you negotiated with you employer to pay them and reduce your salary accordingly. |
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Tax Break For Gay Couples in California « Science and Money
The tax brackets for gay couples in which each helpmate earns give the same should line the same, so those couples will pay no more (or less) tax. This new ruling should take down the tax albatross for many gay couples in California. Since My. Rey earns much more than his ally, it would significantly lower their comprehensive tax pressure, if he could make it half of his profits to his participant. Many gay couples in California will get a tax opportunity due to a current IRS ruling. Most gay couples in which one sidekick earns significantly more than the other will right get a do away with down in tax division. This week, the IRS ruled that all home partnerships in Calfornia must piece half of their combined gains on each husband’s single tax return. According to an article by the WSJ , Eric Rey of Berkeley, CA asked the IRS for clarification on how he and his same-sex tame sharer should piece their takings for tax purposes. California is a community quiddity governmental, and residential partners must each description half of their combined revenues....
Chip Somodevilla/Getty Images Mitt Romney proposes reducing all lone income tax rates, dropping the top rate to 28 percent from 35 percent and the bottom reprove to 8 percent from 10 percent. Republican presidential candidate Mitt Romney's tax outline