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Question by  Deem (199)

# What percent do I pay in taxes?

 +1 vote! +7 you voted Answer by  Att4372 (1704) Your tax rate depends on income level and filing status. Rates start a 0%, then go to 10%, 15% 25% and then 28%, 33% and 35%. You pay different percent on different levels. Example 50K = 0 on the first 10k, 10% on 16K, 15% on the rest.

 +1 vote! +7 you voted Answer by  cgroverla (516) Federal income tax is a tiered system, with current levels of 10, 15, 25, 28, 33 and 35 percent. The rates apply only to taxable income in each tax bracket. For example, income is taxed at 10% up to \$8,350, and at 15% from \$8,351 to \$33,950 for a single taxpayer.

 +1 vote! +7 you voted Answer by  Chaneygirl (1755) Impossible to tell with the information provided. You pay 7. 65% in social security/medicare on your wages. Are you self employed? You pay 15. 3% in self employment taxes in addition to your income taxes. Without knowing your income level, filing status, number of dependents, itemized deductions there's now way to know the % of taxes you pay.

 +1 vote! +7 you voted Answer by  tamarawilhite (17883) This should be shown on any pay check you receive. It will show tax deductions for income tax, FICA, Social Security, and OASDI (Medicare). Total the tax taken out of the paycheck and divide that by the pre-tax amount for the percentage in taxes that you pay.