program 17: save money plus kompound interest Output 4...taxes eet yer munee
Munee in a taxed akount dont gro as fast as nontaxed kauz yu gotta pae tax on interest & gaens in the akkount. This kut the $ yu keep. Yer effektiv rate-av-retern is less. Biggest bite is Fed inkum tax. Sum av yu also hav state & lokal inkum tax on top av fed tax. Fed tax: taxabel inkum on form 1040, line 43. Look up tax in tax tabel. Zampel: 46,000$ on line 43: paej 82 in tax tabel: tax=6069$. Then add 100$ tu inkum & lookup that tax=6084$ delta=6084-6069=15$. Marjinal tax rate=15%. waet...browser reed skript stuff