I have two questions.
Last year I had a situation where my marginal rate was calculated at 28%, but effective rate at 34.7%. income was 330k
This year income around 400K with a marginal rate of 35% and effective rate of 34.5%
How is this possible?
Second question. my wife and I both did backdoor roths in 2015. We both got a 1099. Is this normal?
Last year I had a situation where my marginal rate was calculated at 28%, but effective rate at 34.7%. income was 330k
This year income around 400K with a marginal rate of 35% and effective rate of 34.5%
How is this possible?
Second question. my wife and I both did backdoor roths in 2015. We both got a 1099. Is this normal?
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