Filing status: Married jointly
Income: 220K
Pre tax 403/457 contribution: 36K
Itemized deduction: 25K
Exemption: 16 K
Taxable income: 220-36-25-16= 143 K
I am trying to calculate tax yield to decide between corporate vs muni.
Which tax bracket I need to choose from- gross income or taxable income?
Income: 220K
Pre tax 403/457 contribution: 36K
Itemized deduction: 25K
Exemption: 16 K
Taxable income: 220-36-25-16= 143 K
I am trying to calculate tax yield to decide between corporate vs muni.
Which tax bracket I need to choose from- gross income or taxable income?
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