90% of Americans couldn't answer this straightforward tax question via CNBCMakeIt
As tax season heats up, many Americans are still unclear as to how recent changes to the law could affect them. A 2019 survey found about 28 percent say they don't understand the ins and outs of the Tax Cuts and Jobs Act, which passed in December 2017.
"Being 'in' a tax bracket doesn't mean you pay that federal income tax rate on everything you make," though, financial website NerdWallet points out in its 2018 Tax Study. "The total bill would be about $6,900," NerdWallet says, or"14 percent of your taxable income, even though you're in the 22 percent bracket."Keep in mind that these rules apply only to federal income taxes, though, according to NerdWallet:"Your state might have different brackets, a flat income tax or no income tax at all."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The 90-year-old still dreaming of resurrecting a mammothAkira Iritani almost gave up on his dream of resurrecting the woolly mammoth. But a 28,000-year-old mammoth preserved in the Siberian permafrost changed his mind.
Consulte Mais informação »
Despite pressure campaign, Trump grants Iraq a new 90-day sanctions waiver to buy Iranian energyThe administration is granting Iraq a renewed 90-day waiver exempting it from U.S. sanctions on Iran, a senior state department official told CNBC on Tuesday.
Consulte Mais informação »
JPMorgan's Chase to open up to 90 branches in nine U.S. marketsJPMorgan Chase & Co's consumer banking unit said on Wednesday it was planni...
Consulte Mais informação »
Total Manafort jail time to be 90 months after D.C. sentencing
Consulte Mais informação »
Chase will open 90 branches in new markets this yearJPMorgan Chase announced it'll open 90 new branches this year as a first step in its $20 billion investment plan to open 400 branches in 5 years.
Consulte Mais informação »
Flynn requests sentencing delay though cooperation 'complete'Rachel Maddow reports breaking news that disgraced Donald Trump national security adviser Mike Flynn has asked for an additional ninety days before being sentenced, though prosecutors say his cooperation, other than possibly testifying in a related trial, is complete.
Consulte Mais informação »
JPMorgan's Chase plans to add up to 90 branches, hire up to 700 employees by year-end
Consulte Mais informação »
Manafort gets 7.5 years in prison, after additional 43 months in second sentencingBREAKING: With judge's second sentence, former Trump campaign manager Paul Manafort is receiving 90 months total in prison.
Consulte Mais informação »