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Money and Finances
Reply to "Just saw our federal tax bill and nearly fainted"
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[quote=Anonymous]This thread pisses me off. Why? Well, they talk about the overall tax rate, then complain about the poor who pay no income tax. Only, they pay sales tax, property tax, soc. security, etc. They pay state and local tax... me? Mine income was 160K... FED TAX: 18K State Tax: 7K Property Tax: 7K Car tax: 1K FICA: 7K Medicare: 2K Total: 42K Total tax rate: 25% Now, if I was self employed, my tax burden would be about 10k higher. [/quote]
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