1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

My tax rate

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

  1. Salty

    Salty 20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    23,158
    Likes Received:
    329
    Faith:
    Baptist
    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
     
  2. FriendofSpurgeon

    FriendofSpurgeon Well-Known Member
    Site Supporter

    Joined:
    Feb 24, 2003
    Messages:
    3,087
    Likes Received:
    39
    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 ...
     
  3. annsni

    annsni Administrator
    Administrator

    Joined:
    May 30, 2006
    Messages:
    20,641
    Likes Received:
    557
    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.
     
  4. InTheLight

    InTheLight Well-Known Member
    Site Supporter

    Joined:
    Dec 17, 2010
    Messages:
    18,621
    Likes Received:
    878
    Faith:
    Baptist
    If you take a look at your 1040 form from last year and divide line 60 by line 22, what percent do you get?
     
  5. InTheLight

    InTheLight Well-Known Member
    Site Supporter

    Joined:
    Dec 17, 2010
    Messages:
    18,621
    Likes Received:
    878
    Faith:
    Baptist
    2.2%

    Married, 2 dependents.
     
  6. Paul3144

    Paul3144 Active Member

    Joined:
    May 29, 2009
    Messages:
    2,378
    Likes Received:
    0
    3.1%

    Single, no dependents.
     
  7. targus

    targus New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
    19.34%

    Married, no dependents

    Is this looking like "fair share"?

    I see a mostly single digit answers.
     
  8. targus

    targus New Member

    Joined:
    Feb 10, 2008
    Messages:
    8,459
    Likes Received:
    0
    BTW - Don't the answers given here make you wonder how it is possible that Warren Buffet's secretary supposedly pays 30%?
     
Loading...