View Single Post
      04-05-2018, 02:39 PM   #4
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
10968
Rep
4,821
Posts

 
Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

Quote:
Originally Posted by Flying Ace View Post
Just got my taxes done. Wife and I are primary W-2 income earners, also have to pay federal AMT. All exclusive of penalties of $100 I owe to fed and $32 I owe to state for underpaying taxes throughout the year.

Federal: 15.9% of AGI
California State: 5.8% of AGI

Total marginal tax rate for federal and state combined: 21.7%

Type: File jointly
Exemptions: 2 kids No one is a disable, blind vet over 67.
Schedules: A, B, D 8949, 2441, 6251, 8960, 8801, 8283
Isn't the 21.7% your combined effective rate rather than the combined marginal rate?
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82