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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][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] [b]How the f*** do you think I can afford to save a down payment for a house making $35k a year?[/b] 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] Seriously. It'd be nice if those with higher HHIs would think before they type.[/quote] They were being candid. It wxplained why they have low ETRs. Angry poster should quit McDonalds and get a real job.[/quote] No way a full-time worker at McDonald's is making $35k a year. At (generously) $9 an hour, they'd be making $18.7k a year BEFORE taxes if they work 40 hour workweeks and don't take ANY vacation time.[/quote] Manager maybe?[/quote]
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