Got my taxes back from the accountant today. My effective tax rate was 20.2%, which is less than Obama's, more than Romney's for the year. Just curious where everyone else is at.
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Explain to a Canadian, but I'm assuming that means you paid 20.2% income tax? If that's the case I was at about 34% -
Effective. Was 29.16%
Am I paying my fair share herbie. Or should I have paid more than that???
Am betting that mit paid at least 100 times the dollar amount you did, so please don't. Try and play this gameLast edited by mrsleeve; 04-16-2012, 07:49 PM.The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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Effective was 10% (9.673% to be precise)Comment
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Build your own dreams, or someone else will hire you to build theirs!
Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.Comment
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23.6%, alas no children any longer as deductions
higher than romney or buffoon, i mean buffet“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston ChurchillComment
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What formula are we using for this?"I think we consider too much the good luck of the early bird and not enough the bad luck of the early worm."
-Franklin D. RooseveltComment
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Alright, put me down for 24%. I just used the free fillable forms method myself for both federal and local. Of course this doesn't include money spent to SSI, FICA, medicare etc. or local sales taxes, license and registration renewals, property tax, etc. Freakin A, thats a lot of moneys gone from mah pocket."I think we consider too much the good luck of the early bird and not enough the bad luck of the early worm."
-Franklin D. RooseveltComment
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I was 10.5, but I use a retired IRS agent to file my taxes so he pushes the envelope.I love that people ask stupid questions so I dont have.Comment
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No idea. I do my own and don't calculate it out. I'm toward the bottom of the 25% Fed Income bracket + 6% or so state income tax.Need parts now? Need them cheap? steve@blunttech.com
Chief Sales Officer, Midwest Division—Blunt Tech Industries
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Yes, effective is total income tax after deductions. We also have to pay towards social security and medicare which isn't included. Is Canadian universal healthcare included in your income tax or do you pay separate for that? Does anyone have the comparison to other first world countries on what Americans spend on combined insurance, SS, and all taxes as a percentage of income?sigpicComment
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my tax rate was over 9000.AWD > RWDComment
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That's a quantity, not a rate.Comment
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Just to end this thread quickly, even if Obama got his wish to tax the rich at whatever rate he wanted. It still wouldn't cover anywhere near what he spends. It's fucking pointless to bring this up.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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