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I get the following info : >> taxable income:$93,319 status : Single , income tax : $19,018. >> This looks low as per income tax rates for 2017 . How is this computed ?

Forum|Forum|7 years ago
June 6, 2019
2 replies
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Income tax rates are obtained from https://taxfoundation.org/2017-tax-brackets/

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Best answer by Anita01

The 2017 Tax Table shows exactly $19,113 for your income, so you probably have some income taxed at a different rate, such as a capital gain.

A

Anita01Answer

Employee

The 2017 Tax Table shows exactly $19,113 for your income, so you probably have some income taxed at a different rate, such as a capital gain.

C

Cannot-RevealAuthor

Thanks for the reply. I do have short term capital gains (no long term capital gains) and as far as I know that should be taxed at the same rate. Will that make a difference ?

C

Cannot-RevealAuthor

Hi,

This was actually caused because my dividends were actually listed as 'qualified dividends' and hence were subject to a lower income tax rate of 15%.

Thanks

I get the following info : >> taxable income:$93,319 status : Single , income tax : $19,018. >> This looks low as per income tax rates for 2017 . How is this computed ?

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