What's your effective tax rate?

[Anonymous]

Anonymous wrote:

Anonymous wrote:$825k, 25.5%. Self employed, not salary, so that includes SS and Medicare contributions.

what industry? how can I get into that?

Yes, I am curious about this also.

[Anonymous]

60k AGI, 5 percent effective federal tax rate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:AGI 330 K 30%

10:14 here. Any advice would be much appreciated.

Do you not have a mortgage?

10 year mortgage with a 2.75% rate. We got hit with AMT. Does mortgage interest retain its tax advantage despite AMT? Thanks!

Yes, unless it's second mortgage money used for reasons other than to acquire or improve the home. First mortgages have no bearing on AMT.

[Anonymous]

Anonymous wrote:

10 year mortgage with a 2.75% rate.

Did you pay closing costs or points to get it? We were just offered a 2.875 rate - 10 or 15 years fixed, no closing fees, no points. I wonder if we can find anything better.