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My tax rate

Discussion in 'Political Debate & Discussion' started by Salty, Oct 18, 2011.

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  1. Salty

    Salty 20,000 Posts Club
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    What % of your total income did you pay in Federal Tax?

    Note: I am not asking for income $ amounts just %



    I filed married - no additional dependents

    My Federal Tax rate 4.25 %


    What a lot of folks don't realize is the amount not taxed.

    Married - no children about the first 20 grand is tax free
    Married - 2 children about the first 27 grand is tax free
     
    #1 Salty, Oct 18, 2011
  2. FriendofSpurgeon

    FriendofSpurgeon Well-Known Member
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    More than 25%. Then on top of that, I get to pay property taxes, sales taxes, gax taxes, etc., etc. - the list goes on and on ... and on ...
     
    #2 FriendofSpurgeon, Oct 19, 2011
  3. annsni

    annsni Well-Known Member
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    Because of our income, we do not pay federal tax. We do pay some state tax but where we get hit is property tax. Just our property tax is about 18% of our income.
     
    #3 annsni, Oct 19, 2011
  4. InTheLight

    InTheLight Well-Known Member
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    If you take a look at your 1040 form from last year and divide line 60 by line 22, what percent do you get?
     
    #4 InTheLight, Oct 19, 2011
  5. InTheLight

    InTheLight Well-Known Member
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    2.2%

    Married, 2 dependents.
     
    #5 InTheLight, Oct 19, 2011
  6. FR7 Baptist

    FR7 Baptist Active Member

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    3.1%

    Single, no dependents.
     
    #6 FR7 Baptist, Oct 19, 2011
  7. targus

    targus New Member

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    19.34%

    Married, no dependents

    Is this looking like "fair share"?

    I see a mostly single digit answers.
     
    #7 targus, Oct 20, 2011
  8. targus

    targus New Member

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    BTW - Don't the answers given here make you wonder how it is possible that Warren Buffet's secretary supposedly pays 30%?
     
    #8 targus, Oct 20, 2011
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