1997 Income 35000- 4250 (Standard Deduction)=30850-2650(Personal Exemption)=28200 Total Tax Paid 4699 Dollars 2016 Income 35000-6300 Standard Deduction)=28700-4050(Personal Exemption)=24650 Total Tax Paid 3236 Dollars
Monthly Archives: February 2017
1997 vs. 2016 Federal Income Tax Family Of 5 Earning 70000 Married Filing Jointly
1997 Income 70000 -7100 (Standard Deduction)=62900- 13250 (Personal Exemptions)=49650 Total Tax Paid 8553 Dollars 2016 Income 70000 -12600 (Standard deduction)=57400-20250 (Personal Exemptions)=37150 Tax 4649-3000 (Child Tax Credit) Total Tax Paid 1649 Dollars The 1997 family of 5 paid 6904 dollars more than the 2016 family of 5.
Capital Gains And Dividends Tax
WHAT A JOKE! http://www.schwab.com/public/schwab/nn/articles/Taxes-Whats-New
2016 Tax Tables
https://www.irs.gov/pub/irs-pdf/i1040tt.pdf Standard Deduction Married Filing Jointly 12600 Personal Exemption 4050 Child Tax Credit 1000
1997 Tax Tables
http://unclefed.com/IRS-Forms/taxtables/1997_i1040tt.pdf 1997 Standard Deduction Married Filing Jointly 7100 1997 Personal Exemption 2650 1997 Child Tax Credit 0
Hunger Games Brought To You By the Pentagon
https://theintercept.com/2016/10/13/pentagon-video-warns-of-unavoidable-dystopian-future-for-worlds-biggest-cities/