topic My 2018 income is $367653 and the total tax is $71,367 which is equal to ablut 19.41%. How does the the 2018 tax rate apply? (35% Income $200,000. to $500,000.) in Retirement tax questions
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<P>My 2018 income is $367,653 and the total tax is $71,367 which is equal to about 19.41%. How does the 2018 tax rate apply? (35% Income $200,000. to $500,000.)<BR /></P>Mon, 03 Jun 2019 20:45:40 GMTcyakabe2019-06-03T20:45:40ZMy 2018 income is $367653 and the total tax is $71,367 which is equal to ablut 19.41%. How does the the 2018 tax rate apply? (35% Income $200,000. to $500,000.)
https://ttlc.intuit.com/community/retirement/discussion/my-2018-income-is-367653-and-the-total-tax-is-71-367-which-is-equal-to-ablut-19-41-how-does-the-the/01/355204#M31253
<P>My 2018 income is $367,653 and the total tax is $71,367 which is equal to about 19.41%. How does the 2018 tax rate apply? (35% Income $200,000. to $500,000.)<BR /></P>Mon, 03 Jun 2019 20:45:40 GMThttps://ttlc.intuit.com/community/retirement/discussion/my-2018-income-is-367653-and-the-total-tax-is-71-367-which-is-equal-to-ablut-19-41-how-does-the-the/01/355204#M31253cyakabe2019-06-03T20:45:40ZDo you have dividends or capital gains involved? They a...
https://ttlc.intuit.com/community/retirement/discussion/do-you-have-dividends-or-capital-gains-involved-they-a/01/355211#M31254
Do you have dividends or capital gains involved? They are taxed at a lower rate.Mon, 03 Jun 2019 20:45:41 GMThttps://ttlc.intuit.com/community/retirement/discussion/do-you-have-dividends-or-capital-gains-involved-they-a/01/355211#M31254Lisa9952019-06-03T20:45:41ZYou are confusing marginal and average tax rates. Only i...
https://ttlc.intuit.com/community/retirement/discussion/you-are-confusing-marginal-and-average-tax-rates-only-i/01/355219#M31256
<P>You are confusing marginal and average tax rates. Only income above the tax bracket thresholds are taxed at the higher rate. And, as Lisa mentioned, some sources of income are taxed at a lower rate than wage income.</P>Mon, 03 Jun 2019 20:45:42 GMThttps://ttlc.intuit.com/community/retirement/discussion/you-are-confusing-marginal-and-average-tax-rates-only-i/01/355219#M31256Zbucklyo2019-06-03T20:45:42Z