Income Taxes - new to the game don't get it
Well, my mother always took my stuff in the past.. .But now that I'm married and starting off my career and making more money, I'm totally confused. We file married and jointly. How do I know what tax bracket I'm in and what does that essentially mean? I think I'm in the 25% bracket (assuming we combine our incomes). Does that mean 25% of my paycheck goes to uncle sam? Or is it weird where 15% of the first 10,000 or whatever is? I am just confused. I am also confused how taxes are taken out of your paycheck automatically YET, you could stil OWE money... To me, that sounds like the government just has a bad calculator. Argh..