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Tax rates and your taxable income. |
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 If you wish to make sure which tax rates apply to your taxable income, take into account the following tips:
• Check what your taxable income was in the last years.
• Remember that the best tax brackets apply to married persons filing jointly and qualifying widow(er)s who also use the joint return rates.
• The worst brackets are those for married persons filing separately
• It`s a fact that the tax rate on qualified dividends and net capital gains is lower than your top bracket rate
• Don`t forget that the tax rate is determined through filing status and taxable income.
• Your marginal tax rate is 10%, 15%, 25%, 28%, 33%, or 35%. Everything depends on the taxable income
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 What is that?
Withholding tax is an amount which the party withholds making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may not always be the same Everything depends on the nature of the product or service being paid for. The purpose of withholding tax is to avoid tax by international or domesticated taxpayers .
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Read more... [A withholding tax]
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To buy or not to buy a car? |
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 To make a good decision answer the following questions:
• Do I drive really a lot?
• Does my current car really need to be replaced?
• If so how a new vehicle may influence my budget ?
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Read more... [To buy or not to buy a car?]
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