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Reply to "Just saw our federal tax bill and nearly fainted"
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[quote=Anonymous]Here is a table for 2009 of the average effective tax rates paid by income. [url]http://www.taxfoundation.org/blog/show/27899.html[/url] If you are making about $110K and paying an effective tax rate of 25% then you are paying about twice the average for your income. I find that somewhat difficult to believe. You are paying the effective tax rate of someone making $1M+. If you are doing your taxes yourself, you need to get assistance. If you are getting someone to help you, you need to fire them and get someone new who understands how the tax system works. [/quote]
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