Yes, but it is accurate to say that if I theoretically make 100k/year and my wife makes 100k/year.... if we file separately then each of our taxes would be in the 86,900 to 108,700 bracket, which is $2,374.07 + 3.802% of excess over 86,900.
2,374.07 + (0.03802 x [100,000-86,900]) = 2,374.07 + 498.062 = 2,872.132
Multiple that by 2 and as a family we pay $5744.264 per year.
But by filing together that changes us to making 200k/year, which changes our bracket to the 108,700 to 217,400 bracket, which is $3202.91 + 4.413% of excess over 108,700.
3202.91 + (0.04413 x [200,000-108,700]) = 3202.91 + 4029.069 = 7231.979
Does that make sense or am I thinking about this wrong? Will they keep our incomes separate when calculating our new tax?
