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Re: Heres a good one...whats your effective tax rate
Old 04-03-2006, 05:10 PM   #41
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Re: Heres a good one...whats your effective tax rate

~12% for Feds, DW sold all stock options in preparation of her departure.
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Re: Heres a good one...whats your effective tax rate
Old 04-03-2006, 05:20 PM   #42
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Re: Heres a good one...whats your effective tax rate

Quote:
Originally Posted by REWahoo!
2006 will be much different as most of our expenses will be from after-tax savings and we will convert some trad. IRA money to a Roth, working hard to stay just within the 15% bracket.*
I've grown to love the endlessly entertaining hours that I've spent tweaking IRS Form 8606. Don't put it off until December!
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Re: Heres a good one...whats your effective tax rate
Old 04-03-2006, 05:23 PM   #43
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Re: Heres a good one...whats your effective tax rate

Quote:
Originally Posted by Nords
I've grown to love the endlessly entertaining hours that I've spent tweaking IRS Form 8606. Don't put it off until December!
Thanks, I think. My plan is to start noodling with the numbers in October. Can't wait. :P

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Re: Heres a good one...whats your effective tax rate
Old 04-03-2006, 05:55 PM   #44
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Re: Heres a good one...whats your effective tax rate

here in new york city and getting whacked with the amt tax on a large capital gain it was 17.2 federal and almost 12% state and local.........yikes
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Re: Heres a good one...whats your effective tax rate
Old 04-03-2006, 07:39 PM   #45
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Re: Heres a good one...whats your effective tax rate

Lucky 13th year of ER - 19% Fed, filing single. 0% in 2005 thanks to Katrina.

sniff, sniff, cry, cry
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Re: Heres a good one...whats your effective tax rate
Old 04-06-2006, 08:42 PM   #46
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Re: Heres a good one...whats your effective tax rate

I've been waiting for a Schedule K1 form so I could complete my taxes. Finally, I can answer the question: 3.51%.

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Re: Heres a good one...whats your effective tax rate
Old 04-07-2006, 12:37 PM   #47
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Re: Heres a good one...whats your effective tax rate

24.9% President Bush
7.4% Governor Schwarzenegger

2006 will be worse, with a big severance package as well as self-employment tax.
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Re: Heres a good one...whats your effective tax rate
Old 04-07-2006, 01:10 PM   #48
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Re: Heres a good one...whats your effective tax rate

Effective rate is 8.46% for Fed, still have to do state. I think it used to be lower when I itemized.
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