What's your effective tax rate?

[Anonymous]

Turbo tax tells you this on your federal return summary. We are in the highest tax bracket but our effective rate is 18.4%.

I'm curious how this works out along income levels, so what is your AGI and your effective rate?

I'll start: $354K, 18.4%

[Anonymous]

This year mine was 18.37%. AGI is 240k

[Anonymous]

AGI 212K
effective rate 10.14%

[Anonymous]

Whatever the effective tax rate is for the poors.

[Anonymous]

Effective 28.1%

[Anonymous]

Anonymous wrote:Whatever the effective tax rate is for the poors.

0? Don't worry I'm down there with you pp.

[Anonymous]

Our adjusted gross income is $94k, our effective tax rate is 5%. The secret is having kids and an oversized mortgage.

[Anonymous]

29% and it was terrible

[Anonymous]

Anonymous wrote:Our adjusted gross income is $94k, our effective tax rate is 5%. The secret is having kids and an oversized mortgage.

Whole strategy sounds brilliant.

[Anonymous]

8% is my record low.

This year was 18%. Hit with AMT. Sucks fat donkey balls. $230K

[Anonymous]

23.7% at $184k. AMT

[Anonymous]

AGI $133k, 11% effective rate.

[Anonymous]

AGI $99k, 3.89% effective rate.

[Anonymous]

Anonymous wrote:Our adjusted gross income is $94k, our effective tax rate is 5%. The secret is having kids and an oversized mortgage.

That's also a recipe for triggering the alternative minimum tax. Well, the kids is. Not the mortgage (unless the property taxes are high)

[Anonymous]

AGI 330 K 30%