Reply to Just saw our federal tax bill and nearly fainted

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I pay more in taxes than most people earn, it just sucks to work so hard and have to give half of it to the government when almost half of our population pays ZERO taxes. Those are the ones sitting around bitching that we should pay even more. [/quote]

Nobody has an effective tax rate of 50%.  But thanks for playing.[/quote]
 If I include all the taxes I pay to the government ([b]property tax, sales tax[/b], Self employment social security tax etc) then I have effective tax rate of 46% and I only make $110,000. But I might be an exception since I can't take a lot of deduction that normal  people take. I also own my house and my kids are all grown up. So yeah people can have effective tax rate of 50 percentage and they don't even have to make a lot of money[/quote]

Are you really including property taxes and sales tax in your effective tax rate? Please.  If you don't want to pay high property or sales taxes, don't buy expensive goods / houses / etc.

And the "self employment" tax IS social security and medicare.

If you make $110,000, I just have a VERY hard time believing that you over $50k in taxes (not including personal property, etc.).  At most, you'd be paying $24k in federal income taxes and there is no way you are paying another $25k in state and social security.[/quote]

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