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)


Read responses in bogleheads.org

Last videos:

any one know about this system..
any one know about this system..
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
Menuva - Payments Adjustable to You
Menuva - Payments Adjustable to You
$FUSZ on iHeartRadio CEO Money Today
$FUSZ on iHeartRadio CEO Money Today
ATB Sniper Indicator
ATB Sniper Indicator
Cars · 
Mobility · 
Hardware · 
Motorbikes · 
Travel · 
Boating · 
Aviation · 
production-frontend
About Forumsee · Contact · Privacy policy · Request content removal
We use cookies for navigation analysis and personalized advertisement. By using our site, you agree to our use of cookies.
Accept  ·  Learn more