Making More Money To Have Less Money?
Hi everyone!
I am really confused by how taxes work. This year we made more money about $20,000 extra than 2015 but we had more expenses about $14,000 BUT I had to pay three times more taxes than last year meaning I have $2000 left but worked so much more. Anyone experienced something similar? |
"Taxpayers fall into one of 7 brackets, depending on their taxable income: 10%, 15%, 25%, 28%, 33%, 35% or 39.6%."
http://www.bankrate.com/finance/taxes/tax-brackets.aspx |
taxes
Originally Posted by LovetheSun: |
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