European Stars And Stripes (Newspaper) - February 18, 1987, Darmstadt, Hesse Single head of household 1 example assumes taxpayer a one child and rents current Law 1$87 1mbtaxpayer wages $25,000 525,000 interest income 325 325 325 tout income 125,325 $25,325 125.335 adjusted Gran income $25.325 s2s.32s $25,325medical 734 -101 101 consumer interest -300 -195 -120state & local sales taxes -325 0 0 Slang & local income taxes 625 -625 625mik. Deductions Iso 0 0 total deductions $2.134 1921 $946income alter deductions $23,191 124,404 $24,479 Zero bracket amount 2,134 a a Standard deduction Benefit a -1,649 -3,554 -2.160 -3.800 -3.900 to a butty w,5b1 2,742 13,554mammal rate 24% 1$% i5u married couple 1 exam to assumes Amity with no children both spouses work full Lime currant Law 1m7 1984taxpayer warns $30,000 $30.000 $30,000 spouse s Wales 35,000 35.000 35,000net dividends 800 1.000 1,000 interest income 1.500 t.500 1,500short-term capital gain 2,000 2,000 2.000 Long term capital gain 5,000 5.000 5,000l.t. Cap. Gain exclusion -3,000 Nana loss from rental Una 5.000 5.000 5.000 Tow in Pom. Im.300 shoo 9.soo Ira contributions -4,000 0 04011k contribution -8,000 -7,000 -7,000 2 i Tob Mew a Sudlon -2. 500 Nana adjusted Gron income 191,800 $82,500 $62,500mortgage interest -9,000 -9.000 -9.000 consumer interest -5, too -3,250 -2,000real estate taxes -2,200 -2,200 -2,200 state local sales taxes 1.500 a Natate 4 local income taxes -1.150 -1.150 -1.150 charitable contributions 1 .000 1 .000 i .000misc. Deductions -2,500 -1.250 -1,250 t
