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| Income Tax Bracket / Federal Marginal Tax Rate
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2009 income tax rate table below) |
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It is important to understand how your income tax bracket / federal
marginal tax rate impacts your income property taxable
income. Being in a 28% income tax bracket does not mean that all of
your income is taxed at 28%. Your income tax bracket only
pertains to that portion of your income that exceeds the lower end
of your income tax bracket range. For example, in the 2008
income tax rate table below, if you are married and filing jointly
and you are in a 28 % income tax bracket, only that portion of your
income that exceeds 137,050 will be taxed at the 28 % income tax
rate. For an income of 154,650, only 17,600 of your income
will be taxed at 28%. That is 154,650 - 137,050. Note
that all of your income between 67,900 and 137,050 is taxed at
25%. In summary, the tax rate that you pay is less than your
income tax bracket since it is applied only to the last dollars that
you make. What income tax bracket ( Marginal Tax Rate) would you
enter in the On Target real estate software if you are married
filing jointly and you earn 70,000 from sources other than income
property and you are considering purchasing an income property with
a $20,000 taxable income? Your taxable income from all sources
after the purchase of the income property would be 90,000 dollars
which would put you in a 25% tax bracket. You would enter 25
for your Federal Marginal Tax Rate. |
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| Income Tax Rate
Table for 2009: |
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Single |
Married - Joint |
Head of Household |
Married - Separate |
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10% |
0 - 8,350 |
0 - 16,700 |
0 - 11,950 |
0 - 8,350 |
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15% |
8,350 - 33,950 |
16,700 - 67,900 |
11,950 - 45,500 |
8,350 - 33,950 |
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25% |
33,950 - 82,250 |
67,900 - 137,050 |
45,500- 117,450 |
33,950 - 68,525 |
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28% |
82,250 - 171,550 |
137,050 - 208,850 |
117,450 - 190,200 |
68,525 - 104,425 |
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33% |
171,550 - 372,950 |
208,850 - 372,950 |
190,200 - 372,950 |
104,425 - 186,475 |
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35% |
372,950 and Up |
372,950 and Up |
372,950 and Up |
186,475 and Up |
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If you are thinking about purchasing Income Property. The On
Target real estate investment software gives you a huge advantage
over the casual investor. On Target generates many different
reports and graphics to improve the decision making process. The
On Target real estate analysis software helps you determine the
effect of state and federal income taxes on your income property's
cash flows and sales proceeds. On Target applies your income
tax rate / income tax bracket to the income from your rental
property. Don't make a large investment without
understanding the impact of taxes on your profits. On Target
costs just $97.95 and provides
in-depth
financial
analysis. To
order the On Target real estate software, click on Purchase
Software
Be sure to check out the many financial features offered by this
unique software.
Software
Features
The On Target real estate software includes a 30 day money
back guarantee and free support.
(c) Copyright 2000 - 2009 Advantage Software
LLC |
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