Localfund.com - All about Fund and Investment
*Home>>>Money Investment

What percent of taxes do a single person pay that make 35,000 a year fed, state and others?


Why do they tax my investments and how can I save money?

State and local taxes vary by area so there is no overall answer. For federal taxes part of the $35,000 would be taxed at 0%, part at 10% and part at 15%

It depends on where you live, if you are filing any deductions, if you have anything coming out of your check, like health insurance. Best bet is too contact a tax office.

A single person, not a dependent, with no dependents or adjustments to income, claiming a standard deduction, will owe $3564 for federal income tax, and will also pay $2677.50 for social security and medicare.

Since you don't say where you live, there's no way to even guess what your state and local taxes might be.

Tags
  Online Business   Offshore Investment   Mutual Fund   Money Market Funds   Money Investment   Managed Fund   Make Money   Low Risk Investment   Long Term Investment
Related information
  • Does anyone know what's the best way to get started in the stock market?

    First of all--the stock market is not a good vehicle for short term investments (though I am well aware that some people became rich quickly). Go to Fidelity, E-Trade, Charles Schwab, or many other...

  • Is the Fair Tax a shift of the burden more to the rich or to the poor?

    Since the fair tax proposal includes a monthly "prebate" to cover the tax on purchases up to the poverty level, the poorest of the poor would be somewhat protected. The problem there wo...

  • IRA's and STOCK purchases?

    Log on to Fidelity... they will handle about 95% of the work in " rolling over"...I would suggest rolling into a slf- directed ROTH IRA... After reading on their website and learning to ...

  • What do you think of someone buying a home and having a mortgage at a young age?

    As an old guy, I think it's a wonderful idea. When you rent, you will have nothing to show for it when you move. As an owner, you will hopefully have gained some esgrow and will make a few b...

  • 10,000 into 500,000? possible?

    Drug trafficing. That would also explain why they havn't told you how they did it. If they are trafficing drugs, tell them that if he gets audited, they will catch him. That's how mos...

  • Career switch to Finance by doing an MBA followed by or combined with a CFA?

    There is demand on wall street for CFA's with specific industry knowledge. Combining your intimate knowledge of the steel industry with the finance knowledge neccesarry to evaluate and analyze...

  • Can anybody tell me the pro's and con's of putting up and owning some self -storage units?

    Very expensive investment, very cheap maintenance and overhead. Once you get into the business, if you do it right, almost all your rents are free of expenses. All you have to do is make your s...

  • High interest secure investments.?

    Actually I think ING Direct has one of the highest secure investment interest rates. So you're already in one. Most investments from major banks pay out the usual 3%. However, if you want some...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster