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Intel Corporation Message Board

  • intelonly_please intelonly_please Nov 28, 2012 7:38 PM Flag

    Alexander

    I'm guessing you understand the tax increases so had a question: If My total household income is 45k and say 1 make 4k a year in Dividends.........what will my new tax be? Do I stay at 15 percent?

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    • "From the 2012 tables, it does NOT appear that you will be paying more than 15%."

      I put that line in before doing the actual math. If single and using standard deduction you (like me) will see an increase.

    • I don't know. Some guess below but you should double check for my math errors.

      The problem in determining the tax is exactly what you make, your exmptions and deductions, and ..... It depends on what agreement is reached. There are several big problems that must be negotiated and the final result will be unknown until "it is known".

      Expect the payroll tax to go back up by 2%. That will hit the first paycheck.

      Dividends? It won't be less than you now pay. It won't be more than ordinary income.

      If you add the $4k dividends to the top of your final adjusted gross income, you can see what that difference would be. From the 2012 tables, it does NOT appear that you will be paying more than 15%.

      $45k +$4k = $49k - exemptions - deductions

      Single w/ no dependents: $49k - $5,950 = $43k : Above $35,350 will be in the 25% bracket. About 10% more on the $7,650 above the $35,350 bracket. That is $765 increase.
      Married: no difference.

      If temporary tax cuts allowed to expire.

      2012 Standard Deductions

      Standard tax deductions will also lower your taxable income, if you don’t decide to itemize taxes. The 2012 standard deductions have also increased:
      ■$5,950 for single filers & married filing separately (up from $5,800)
      ■$11,900 for married filers (up from $11,600)
      ■$8,700 for head of household (up from $8,500)
      ■$950 for dependents (same as 2011)

      And now, on to the tax bracket changes.

      2012 Tax Brackets

      2012 Tax Brackets for Singles:

      10% – $0-$8,700 (up from $8,500)
      15% – $8,700-$35,350 (up from $8,500-34,500)
      25% – $35,350-$85,650 (up from $34,500-$83,600)
      28% – $85,650-$178,650 (up from $83,600-$174,400)
      33% – $178,650-$388,350 (up from $174,400-$379,150)
      35% – $388,350+ (up from $379,150+)

      2012 Tax Brackets for Married Filing Jointly:

      10% – $0-$17,400 (up from $0-$17,000)
      15% – $17,400-$70,700 (up from $17,000-$69,000)
      25% – $70,700-$142,700 (up from $69,000-$139,350)
      28% – $142,700-$217,450 (up from $139,350-$212,300)
      33% – $217,450-$388,350 (up from $212,300-$379,150)
      35% – $388,350+ (up from $379,150+)

      2012 Tax Brackets for Married Filing Separately:

      10% – $0-$8,700 (up from $0-$8,500)
      15% – $8,700-$35,350 (up from $8,500-$34,500)
      25% – $35,350-$71,350 (up from $34,500-$69,675)
      28% – $71,350-$108,725 (up from $69,675-$106,500)
      33% – $108,725-$194,175 (up from $106,500-$189,575)
      35% – $194,175+ (up from $189,575+)

      2012 Tax Brackets for Head Of Household:

      10% – $0-$12,400 (up from $0-$12,150)
      15% – $12,400-$47,350 (up from $12,150-$46,250)
      25% – $47,350-$122,300 (up from $46,250-$119,400)
      28% – $122,300-$198,050 (up from $119,400-$193,350)
      33% – $198,050-$388,350 (up from $193,350-$379,150)
      35% – $388,350+ (up from $379,150+)

    • they might raise the tax on divvy to all to 20%+ or only for those above 250k income.
      we will know soon

    • 45k in total income.....

      4k in dividends.

      You're either stoooooopid and rich or an effing liar.

      Which is it!

      idiot

 
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