Marginal bracket is 12% up to $96950 for a couple, so how are they paying 50% in taxes? With standard deduction and kids, it would end up being about 7.4% federal without including deductions from healthcare or 401k. Another 7.65% for OASDI and Medicare plus state and local ~4% where I am) and max tax would be 19% +/- 4% depending on locale).
Marginal bracket is 12% up to $96950 for a couple, so how are they paying 50% in taxes? With standard deduction and kids, it would end up being about 7.4% federal without including deductions from healthcare or 401k. Another 7.65% for OASDI and Medicare plus state and local ~4% where I am) and max tax would be 19% +/- 4% depending on locale).