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Questions tagged [tax-brackets]

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10 votes
2 answers
2k views

Why is there a tax bracket less than $2000 wide with 35% marginal tax rate in the U.S.?

It seems as if anyone that's getting paid $398,351 – $400,000 would simply lower their salary to the $183,251 – $398,350 tax bracket and get 2% lower income taxes. Does the bracket serve any purpose, ...
byrass's user avatar
  • 211
3 votes
1 answer
268 views

Capital gain tax for selling house just bought?

My wife and i just bought a house but due to new circumstances we may have to sell it less than a month after buying it (we cannot keep it vacant or rent it). The house cost $160K. Say we sell it for ...
michael's user avatar
  • 189