Slight Misunderstanding of Marginal Tax Brackets
Reader Ann asked the following question on my post about the 2008 Federal Income Tax Brackets:
Jim ~
My husband has just been offered a salaried position of which he is excited yet somewhat reluctant about. The increase in salary would put us “over the edge,” so to speak, into the 25% tax bracket. His position probably doesn’t have much more room for increased income. We are not currently in a position to owe significantly more tax. In addition, we are quickly loosing our child deduction as they are becoming “independent.” Advice?
Here was my reply:
(Click to continue reading…)
comments