Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Income Tax Calculation?

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
Filing joint return. Here are the numbers:

SS 62,374

RMD 30,265

Pension 4,860

Gross 97,499

Tax 4,604 (TaxCaster)

SS 62,374

RMD 30,265

Distribution 20,000

Pension 4,860

Gross 117,499

Tax 10,154 (TaxCaster)

Question: Why does an additional $20,000 distribution increase the total tax by so much when we are still within the 15% Marginal Tax Rate? My obviously incorrect assumption is an increased tax of $3,000. (15% of 20,000)
Date: Jun 19, 2017   


Last videos:

"Wealth doesn't come with a handbook"
"Wealth doesn't come with a handbook"
Copyright music on YouTube - why isn't it blocked?
Copyright music on YouTube - why isn't it blocked?
Here Real Money Doubler with international supply.
Here Real Money Doubler with international supply.
Mark Cuban "Diversification is for idiots"
Mark Cuban "Diversification is for idiots"
Suze Orman - Let the Buyer Beware
Suze Orman - Let the Buyer Beware
Refusing to sign or altering hospital billing admission forms?
Refusing to sign or altering hospital billing admission forms?
Refusing to sign or altering hospital billing admission forms?
Refusing to sign or altering hospital billing admission forms?
Make $150+ Per day Only 20mins WORK
Make $150+ Per day Only 20mins WORK

Cars ·
Travel ·
Pets ·
production-frontend