2011-10-13 / Letters

Shares 2010 Tax Rates

To The Editor:

Listed below is the 2010 tax rate schedule for married couples filing joint returns. Perhaps facts will shed light on current misconceptions.

Taxable income 0-$16,750: tax rate 10 percent.

Taxable income $16,750- $68,000: tax rate 15 percent

Taxable income $68,000- $137,300: tax rate 25 percent.

Taxable income $137,300- $209,250: tax rate 28 percent.

Taxable income $209,250- $373,650: tax rate 33 percent.

Taxable income $373,650-?: tax rate 35 percent.

Socialism fails when those furnishing the money run out of it.

Richard C. Price

Harrisonville

Return to top