How much of my paycheck goes to taxes?


Quick Answer

Determining the amount of taxes that are to be withheld from wages depends on the income bracket an individual falls into. Forbes provides a detailed list of each income bracket used to determine yearly tax deductions.

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Full Answer

For income that falls below $9,075 yearly, 10 percent of taxable income is deducted as of January 2015. For those who have made over $9,075 but less than $36,900, $907.50 plus 15 percent of taxable income is deducted. If income is between $36,900 and $89,350, the amount increases to $5,081.25 plus 25 percent of taxable income. From there, deductions increase by increments of 2 to 5 percent per income bracket until deductions max out at 39 percent for those who make over $406,750.

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