The Sixteenth Amendment of the U. S. constitution gives Congress the ability to tax your personal income. As of 2012, six different tax brackets are in place that determine how much tax an individual or a married couple pays on their income. With all the talk in Washington, D.C. about tax reform aimed at raising or reducing taxes, you might want to take a look at your tax bracket to see what proposals apply to you.
Showing posts with label income tax liability. Show all posts
Showing posts with label income tax liability. Show all posts
Thursday, January 31, 2013
Tax Time: What's Your Tax Bracket?
The Sixteenth Amendment of the U. S. constitution gives Congress the ability to tax your personal income. As of 2012, six different tax brackets are in place that determine how much tax an individual or a married couple pays on their income. With all the talk in Washington, D.C. about tax reform aimed at raising or reducing taxes, you might want to take a look at your tax bracket to see what proposals apply to you.
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