Comments on: What’s a Marginal Tax Bracket?

By: Unemployed? Don’t Make These Tax Mistakes | Mend Your Money

Unemployed? Don’t Make These Tax Mistakes | Mend Your Money — Tue, 10 Feb 2009 07:12:33 +0000

[...] added to any other income you have for the year, you may be pushed into the next tax bracket (see Marginal Tax Brackets) and the $2,000 may not even be enough. PLUS, there will be 10% penalty that can’t be reduced [...]

By: “Not To Miss” Tax Perks for 2008 | Mend Your Money

“Not To Miss” Tax Perks for 2008 | Mend Your Money — Mon, 09 Feb 2009 19:01:18 +0000

[...] at all. If you’re taxable income puts you into the 10% or 15% income tax brackets (read about Marginal Income Tax Brackets), you won’t pay any capital gains taxes. Even if you are in a higher bracket, some of your [...]

By: Mississauga Accountant

Mississauga Accountant — Sat, 17 Jan 2009 03:47:21 +0000

I agree with the above post, people should recognize that it’s NOT gross, need to reiterate that fact!

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By: Grant

Grant — Sat, 03 Jan 2009 00:00:58 +0000

Thanks for laying this out so clearly. Will this change for 2009? Grants last blog post..Grants for Minority Women

By: Sheryl Schuff, CPA

Sheryl Schuff, CPA — Fri, 12 Dec 2008 15:14:02 +0000

Good explanation.

I just want to emphasize to folks that they’re taxed on “taxable income” not “gross income” so that’s the number they should focus their planning on.