Taxes, Taxes, and Taxes
The last rant was enough for me to dive into our personal tax bracket.According to the document http://www.irs.gov/pub/irs-pdf/i1040tt.pdf ;
My spouse and I have gross taxable income currently at ~$76,000.00
Since more than half of my pay is based off commissions, I can only speculate, but to date we have earned $75,000.
This would fall a married filing jointly at: $12,086
The question is what have we done to avoid paying all those taxes.
Well for starters, we have diligently been paying portions of that amount to the IRS every month through federal taxes taken out of our paycheck.
At the end of the year we will calculate what we have paid in FEDERAL taxes this year on our paychecks. Also we will look at deductions to reduce our taxes even further.
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