Originally Posted by millerscourt
Phil Word of advice Never Never pick up on other's spelling mistakes unless you are sure you are whiter than white!!
eg What is this profit
charing scheme!!!??
Also [B]what so ever is one word[B]
ALPHAS??
TAX Budget 2005 as follows
First $160,000 14%
Next $160.000 17%
So for Salary of $320,000 YA 2007 Total Tax $42,700
Point taken.
With respect to taxes, don't forget there are deductions for children, spouse certain items such as life insurance, physicals, union dues, supplemental insurance. So, the effective tax rate is somewhat lower.