Talk:Income tax in the United States

Latest comment: 2 years ago by 173.172.127.147 in topic Federal reserve

Commentary moved from article to talk page

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The following commentary was posted in the article, but really goes here:

Note toward the following information. We need better information on this than a NY Times article. This is not accurate information for those with post graduate degrees included in the upper tax bracket who net about 40% of their take home pay after state and local taxes and a tithe. For example, a doctor working for $335,000 who has 21+ years of education, school loans, and works a high stress job in this article is lumped with those who simply make their money off of investments. Couples who have studied hard, work hard, are paying off loans, and pay a high price during each and every week are lumped in this article in our mindset with millionaires and multimillionaires who tend to make their money off of sheltered investments. There is no "millionaire" tax bracket. Another example is two people with graduate or post-graduate degrees who make enough to fall in the top tax bracket. There is no room in our mentality for these hard working couples, the ideal couples we inspire them to become at each stage of their academic career. We judge those we deem to be "rich" and want to penalize them with left winged articles like the following. It is not an accurate view of the American public. — Preceding unsigned comment added by 76.18.185.31 (talkcontribs)

"Marginal tax rates" section

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I'd suggest the Marginal tax rates sections be replaced with aggregate data if available. As it is it seems like it belongs at wikidata not here - too much numbers, not much context. Saturnalia0 (talk) 02:56, 28 February 2018 (UTC)Reply

This page obscures 2018 tax reductions

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Is this page specifically designed to obscure Federal Tax reductions for 2018 returns (filed by April 1, 2019)due to increased standard deductions? In my families case, the new standard deduction was $24,400 which bumped us into a lower tax bracket. — Preceding unsigned comment added by 170.231.52.208 (talk) 16:55, 6 July 2020 (UTC)Reply

No, the article specifically mentions the basic standard deduction amounts for 2018. By the way, the $24,400 basic standard deduction is for a married filing joint return for 2019, not 2018. Also, the basic standard deduction amount for year 2018 (or any other tax year) is not dependent on when the return is filed (whether by April 1, 2019 or any other date).
Basic standard deduction amounts for tax year 2018:
single or married filing separately: $12,000
married filing joint or surviving spouse: $24,000
head of household: $18,000
Basic standard deduction amounts for tax year 2019:
single or married filing separately: $12,200
married filing joint or surviving spouse: $24,400
head of household: $18,350
Maybe the article can be updated to show the year 2019 amounts as well. Famspear (talk) 00:20, 7 July 2020 (UTC)Reply

Federal reserve

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No discussion of federal reserve being created around the same time? 173.172.127.147 (talk) 02:32, 13 January 2022 (UTC)Reply