If someone pays more than 30% they have to be filthy loaded, actually work for their money (vs investments), and be dumb.

1/31/2013 12:13:36 AM

considering the fact that there are threads here about people eating garbage from a dumpster i can forgive the assumptions being made about everyone having nothing

1/31/2013 12:15:50 AM

14.8%

Filed jointly with wife w/out deductions & exemptions we were at 21%

[Edited on January 31, 2013 at 12:26 AM. Reason : .]

1/31/2013 12:18:51 AM

Even Romney only paid a 14.1% federal income tax rate on his millions.

[Edited on January 31, 2013 at 12:21 AM. Reason : Real rich people too smart to pay high tax rates...]

1/31/2013 12:19:04 AM

I bet he amended his taxes after the election to account for the money he gave to the church. If he took the deductions he could've taken then he would be around 10%.

1/31/2013 12:23:52 AM

Bracket 25%, effective 6.8%

This Bud's for you, Mr Gubment

1/31/2013 7:31:45 AM

Quote :

"For the purposes of this thread, I'm sure the OP is referring to federal income tax"

Doh, I was including all taxes taken directly from my paycheck.

1/31/2013 9:59:15 AM

Last year effective was 5%, 28% bracket. Probably the same this year with similar loopholes and deductions.

1/31/2013 10:21:57 AM

last year was 13.4% effective

haven't looked at this year's stuff yet.

1/31/2013 10:22:51 AM

Wow

Page 1 is full of "I don't know jack shit about taxes, but let me post over and over again about them anyway" comments

1/31/2013 1:06:55 PM

On page 1, apparently high rate = rich low rate = poor.

1/31/2013 1:14:06 PM

For all who need the the simplified formula:

AGI / TTP = ETR

AGI = Adjusted Gross Income
TTP* = Total taxes paid/and Credits minus your refund OR in addition to what taxes you may owe
ETR = Effective tax Rate

* you have to do a few simple calculations to get this number

1/31/2013 1:19:13 PM

etr pls

1/31/2013 1:24:38 PM

THE TAXES ARE TOO DAMN HIGH

1/31/2013 1:26:29 PM

20.7% This year. Better than last year though.

2/4/2013 9:15:31 AM

Refund check deposited

2/6/2013 11:31:04 AM