If you have to pay AMT and hold such a bond, your interest income would generally be taxed at the applicable AMT rate—which could be 26% or more, if you're in the AMT exemption phase-out range. Effectively, that means the yield on a municipal bond paying 3.50% would drop to ...
The standard Social Security tax is applied to earnings up to $106,800. Over this amount, employees are taxed at a rate of ___ on all additional earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $...
How to match your student loan payments as 401(k) contributions Read More How does a 529 work? Where can I open one? There are no income qualifications for 529 plans, but account holders must be U.S. residents with a U.S. mailing address, a Social Security number, or a Tax ID. ...
The U. S. Supreme Court has ruled that Social Security is a government giveaway program funded by a government Tax; which is why and how the Congress can periodically dip into the assets of the fund anytime they want and never have to pay it back! The back of the Social Securi...