Jump to content


Photo
- - - - -

Post your effective Tax Rate, if you dare.


  • Please log in to reply
125 replies to this topic

#1 Jase

Jase

    Kuechold Fantasies

  • Joined: 24-November 08
  • posts: 17,911
  • Reputation: 6,257
  • LocationMatthews, NC
Administrators

Posted 04 February 2013 - 09:38 AM

Since it is tax season, I thought it'd be appropriate for everyone to be aware of how much we actually pay in federal income taxes. As huddle tinderbox posters, there is an expectation that you all be vetted. Remember that Mitt pays only 14%.

Sounds fun, right?


Post:

1) your filing status: single, married filing jointly or separately, Head of household, or widowed;

2) number of dependents you have;

3) divide your total tax (line 61 from form 1040) by your total income (line 22).



Unapologetically, here's mine:

1) MFJ

2) 2 dependents

3) 5.14%

#2 Happy Panther

Happy Panther

    Now even funnier.

  • Joined: 16-March 09
  • posts: 18,501
  • Reputation: 3,467
SUPPORTER

Posted 04 February 2013 - 12:24 PM

Mines complex because I have a salary and my company pays me dividends so i have 2 tax returns. And in 2011 I had a large IRA cash out (no penalties because of the structure).

But my personal return says 20.07% in 2011. 2012 will not be done for a while.

#3 Chimera

Chimera

    Not Bant

  • Joined: 11-November 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 11,711
  • Reputation: 2,646
HUDDLER

Posted 04 February 2013 - 12:25 PM

47%er here.
1) MFJ
2) 4
3) didn't qualify for EIC but child tax credit gave me like -1%

#4 logic1977

logic1977

    Senior Member

  • Joined: 26-November 08
  • posts: 413
  • Reputation: 68
SUPPORTER

Posted 04 February 2013 - 03:52 PM

1)MFJ
2)1
3) 8.9%

Had never looked at it before so was not sure what to expect. We used to have a business that would normally have reduced that greatly. I miss those days


#5 Davidson Deac II

Davidson Deac II

    Senior Member

  • Joined: 24-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 17,931
  • Reputation: 1,460
HUDDLER

Posted 04 February 2013 - 04:09 PM

Haven't completed my 2012 return yet, because I probably owe a few hundred and I like to make the government wait for it. :)

But I imagine it will be similar to my 2011 return.

Married filing jointly
One child
11.8% effective tax rate.

#6 Kral

Kral

    Internet Legend

  • Joined: 28-February 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 6,942
  • Reputation: 274
HUDDLER

Posted 04 February 2013 - 05:11 PM

I don't have it in front of me but it worked out like....

S
0
8%ish

#7 TANTRIC-NINJA

TANTRIC-NINJA

    The Yumbo of the Huddle

  • Joined: 01-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 6,726
  • Reputation: 2,198
  • LocationColumbia, South Kacky
HUDDLER

Posted 05 February 2013 - 12:01 AM

Guys,
Just for further giggles post your social security number and you mothers maiden name! *

*ninjas keep secrets I;|

#8 Happy Panther

Happy Panther

    Now even funnier.

  • Joined: 16-March 09
  • posts: 18,501
  • Reputation: 3,467
SUPPORTER

Posted 05 February 2013 - 12:17 AM

295-29-8765

Debumbwitz

#9 twylyght

twylyght

    The picture of how I care

  • Joined: 04-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 2,886
  • Reputation: 389
HUDDLER

Posted 05 February 2013 - 12:28 AM

1) S
2) 0
3) 16.9%

And Mitt pays 14% after it has already been taxed. Just like we pay additional taxes after we die, when we buy product off the shelf, as a service, etc. If people knew what we actually paid in taxes, there would be outright riots in the streets. It is one of the main reasons I am for the Fair Tax.

#10 GOOGLE RON PAUL

GOOGLE RON PAUL

    fleet-footed poster

  • Joined: 06-August 12
  • PipPipPipPipPipPipPipPipPip
  • posts: 4,532
  • Reputation: 1,269
HUDDLER

Posted 05 February 2013 - 03:34 AM

no one pays taxes after they die. maybe the parasitic children of rich people are responsible for the taxes on their multimillion dollar inheritances, but that's not what you said. now, stop posting fox news memes.


0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users