What was the highest tax rate in 2011?
The 2011 tax rates and brackets for single filers were:
- 10% on taxable income from $0 to $8,500, plus.
- 15% on taxable income over $8,500 to $34,500, plus.
- 25% on taxable income over $34,500 to $83,600, plus.
- 28% on taxable income over $83,600 to $174,400, plus.
- 33% on taxable income over $174,400 to $379,150, plus.
What was the tax rate in 2010?
How We Make Money
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,375 | Up to $16,750 |
| 15% | $8,376 – $34,000 | $16,751 – $68,000 |
| 25% | $34,001 – $82,400 | $68,001 – $137,300 |
| 28% | $82,401 – $171,850 | $137,301 – $209,250 |
How much did Amazon pay in taxes in 2010?
Amazon’s Effective Tax Rates Over 10 Years
| Amazon.com | US pretax profit, $ Billions (after subtracting state) | Current federal tax, $ Billions |
|---|---|---|
| 2010 | 0.9 | 0.05 |
| 2009 | 0.5 | 0.04 |
| 5 yrs, 14 to 18 | 23.0 | 1.00 |
| 10 yrs, 09 to 18 | 27.0 | 1.00 |
How much federal income tax would you pay if you made $50000 filing single in 2010?
For example, a single person earning $50,000 would be in the 25% tax bracket in 2010. She would pay federal income tax of $4,681.25 plus 25% on her income over $34,000.
How much do you get back in taxes for 2 dependents?
In 2016, each dependent you claim entitles you to receive a $4,050 reduction in your taxable income (see exemptions below). You may also receive a tax credit of up to $1,000 for each dependent child under the age of 17. The credit is, however, phased out for at higher incomes.
How much tax do you pay if you make 75000?
If you make $75,000 a year living in the region of California, USA, you will be taxed $20,168. That means that your net pay will be $54,832 per year, or $4,569 per month. Your average tax rate is 26.9% and your marginal tax rate is 41.1%.
How much will I get back on my taxes with 1 dependent?
Take advantage of the federal child tax credit Families can deduct up to $2,000 from their federal income taxes for each qualifying child under 17. These are credits, so if your tax bill is $10,000 and you qualify for the maximum credit, your bill goes down to $8,000.
How much will I get back if I made 35000?
If you make $35,000 a year living in the region of California, USA, you will be taxed $6,366. That means that your net pay will be $28,634 per year, or $2,386 per month. Your average tax rate is 18.2% and your marginal tax rate is 26.1%.
Will I owe taxes if I claim 1?
While claiming one allowance on your W-4 means your employer will take less money out of your paycheck for federal taxes, it does not impact how much taxes you’ll actually owe. Depending on your income and any deductions or credits that apply to you, you may receive a tax refund or have to pay a difference.
Why do I end up owing state taxes?
You might owe state taxes because you have a different personal tax situation. Usually, if you got a refund the previous year, you should be able to have another one this year as long as you have the same situation. Therefore, if you owe taxes, the withholding situation that came into place may tell you why.
At what salary do you owe taxes?
Single, under the age of 65 and not older or blind, you must file your taxes if: Unearned income was more than $1,050. Earned income was more than $12,000. Gross income was more than the larger of $1,050 or on earned income up to $11,650 plus $350.
How can I get more money back on taxes?
5 Hidden Ways to Boost Your Tax Refund
- Rethink your filing status. One of the first decisions you make when completing your tax return — choosing a filing status — can affect your refund’s size, especially if you’re married.
- Embrace tax deductions.
- Maximize your IRA and HSA contributions.
- Remember, timing can boost your tax refund.
- Become tax credit savvy.