Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting for?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="satellitedriver" data-source="post: 1040233" data-attributes="member: 1664"><p><strong>Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo</strong></p><p></p><p></p><p></p><p><strong><span style="color: #006400">You need to get a new tax preparer.</span></strong></p><p><strong><span style="color: #006400">There is no way you paid 30% in income taxes.</span></strong></p><p><strong><span style="color: #006400">If you just used the 1040 simple tax form and took the standard married filing jointly deduction of $11,900 your effective tax rate for $100,000.00 would be 14.06%.</span></strong></p><p><strong><span style="color: #006400">If you saved $10,000 in a 401k your effective tax rate would be 11.56%.</span></strong></p><p><strong><span style="color: #006400">If you had dependents to claim your rate would be lower.</span></strong></p><p><strong><span style="color: #006400"></span></strong></p><p><strong><span style="color: #006400">One would have to make over $600,000.00 and claim Zero deductions to hit a 30% effective tax rate.</span></strong></p><p><strong><span style="color: #006400"></span></strong></p><p><strong><span style="color: #006400">Here's a link that lets you calculated your true effective tax rate.</span></strong></p><p><strong><span style="color: #006400"><a href="http://www.smartmoney.com/personal-finance/taxes/whats-your-average-tax-rate-9548/" target="_blank">Average Tax Rate Calculator - SmartMoney.com</a></span></strong></p><p><strong><span style="color: #006400"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 1040233, member: 1664"] [b]Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo[/b] [B][COLOR=#006400]You need to get a new tax preparer. There is no way you paid 30% in income taxes. If you just used the 1040 simple tax form and took the standard married filing jointly deduction of $11,900 your effective tax rate for $100,000.00 would be 14.06%. If you saved $10,000 in a 401k your effective tax rate would be 11.56%. If you had dependents to claim your rate would be lower. One would have to make over $600,000.00 and claim Zero deductions to hit a 30% effective tax rate. Here's a link that lets you calculated your true effective tax rate. [url=http://www.smartmoney.com/personal-finance/taxes/whats-your-average-tax-rate-9548/]Average Tax Rate Calculator - SmartMoney.com[/url] [/COLOR][/B] [COLOR=#006400][/COLOR] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting for?
Top