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Reply to "What was your effective tax rate???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Per TurboTax: AGI = $132k ETR: 9.49%[/quote] [quote=Anonymous]HHI: 151 ETR: 9.5[/quote] [quote=Anonymous]HHI : 164 ETR : 10.3[/quote] WTF. This is part of the problem with our tax system. People making over $100k should NOT be paying 10% or less in taxes. I make $35k and my tax rate was something like 22%. Total BS.[/quote] Try buying a place. It helps.[/quote] How the f*** do you think I can afford to save a down payment for a house making $35k a year? I'm stuck throwing away rent every month because I don't have any extra $ each month after my 20% TAX RATE. Seriously this is ridiculous and what is really f***ed up with America. Also to the PP who suggested I make charitable contributions: I take home $26k a year after taxes and you think I'm about to contribute more than $6,500 (or whatever the standard deduction is, can't remember exactly) in order to itemize and pay less taxes? I want some of what you're smoking. [/quote] How are you paying 22%? Is that all taxes including state, payroll, etc? The others are probably quoting federal income tax effective rate only, and with 35k income and only standard deduction, your rate should be about 10% as well.[/quote]
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