A likely redundant tax question
Hi,
If you file with your spouse, and let's say you both make 40K, and the tax brackets are 20% <= 70K and 25% > 70K, are the taxes done independently on each (i.e. 20% on 40K twice) or do you count as 25% on 80K ?
Thanks
If you file with your spouse, and let's say you both make 40K, and the tax brackets are 20% <= 70K and 25% > 70K, are the taxes done independently on each (i.e. 20% on 40K twice) or do you count as 25% on 80K ?
Thanks