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View Poll Results: What % of your total income (line 22) was your total income tax (line 60)?
0 to 5% 16 18.18%
5% to 10% 22 25.00%
10% to 15% 17 19.32%
15% to 20% 14 15.91%
20% to 25% 8 9.09%
25% to 30% 5 5.68%
30% to 35% 5 5.68%
more than 35% 1 1.14%
Voters: 88. You may not vote on this poll

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Old 04-09-2010, 05:21 AM   #21
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9.5% by your calculation. 6.8% effective tax rate, as the bean counters say. Married, one in college.

I had a full year of catchup along with max in the 401(k), less paper profit, less dividends. This worked out to about 4% less in fed taxes this year.

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Old 04-09-2010, 07:30 AM   #22
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18% -- which seems surprisingly low for a single guy with a household income in the top 10%.


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Old 04-09-2010, 08:11 AM   #23
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8.9% for a retired couple with much lower spending than we had when we had kids at home. (Actually, we're spending a lot on medical expenses, but it's mostly deductible.)
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Old 04-09-2010, 02:55 PM   #24
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17.6% - and we had a significant dip in our income last year. And our AGI was much less than last year as well......but enough, I guess to be in the minority according to the news about 50%+ not paying any can see why I'm not ecstatic about the idea of taxes going up as it just means I pay more and others less....
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Old 04-09-2010, 05:25 PM   #25
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As defined above (line 60/line 38)=6.8%, and as a percentage of my gross wages, (line 60/line 3 on my W-2), I paid 4.3%. I'm single & no children, made maximum contributions plus catch-up to a tax-deferred retirement plan, and had significant itemized deductions. I think I was helped out by not mailing the last of the 2008 church checks until after 1/1/09. My deduction was smaller than it should have been last year and larger this year, and that larger-than-usual Schedule A amount kept me out of the 25% bracket for 2009.

Paying 6.8% doesn't really seem so unreasonable to me. My state + local sales tax rate is nearly 10%. I wonder if the "Taxed Enough Already" folks are paying a much higher percentage of their income than I do, or maybe they are talking about the total tax hit of income tax + Social Security tax + state sales or income tax + local real-estate tax, etcetera, etcetera, etcetera. I wonder do they/we as a country really want to do without all the stuff those tax revenues are paying for? Would those services really be less expensive if privatized? I dunno.
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Old 04-09-2010, 07:46 PM   #26
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20% - Still working, 3 kids, deductions mostly mortgage/ real estate tax related, pays AMT
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Old 04-09-2010, 09:12 PM   #27
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19.55%. - was still working, standard deductions, married no children.
Retired in Jan, 2010 at 55
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Old 04-09-2010, 10:11 PM   #28
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I did not take the poll as that would "contaminate" the results since I am paying Hong Kong tax. The highest tax rate in HK for individuals only falls within the 15% to 20% range. But it is an informative poll - wonder how it compares to the real numbers for the country as a whole?
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Old 04-10-2010, 07:25 AM   #29
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Originally Posted by Moscyn View Post
- wonder how it compares to the real numbers for the country as a whole?
Glad you asked - your question made me go look, and of course, the answer was right there on the IRS site.
Gosh I luvs the internets.

Looks like we are a pretty representative bunch.
The chart shows taxes paid as percentage of income ( calculated two different ways). Percentages are shown for all filers, in addition to the breakdown according to the top marginal rate of the return. I didn't bother finding out exactly what Adjusted Gross Income (AGI) less deficit means. Maybe somebody here knows.
tax percentages.gif
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Old 04-11-2010, 07:12 AM   #30
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21% according to my software program (like Turbo tax) Lots of dividends (15%) and option cash outs (treated like cap gains -19.5%). Big alimony deduction as well. I estimate when I am in steady state it will be about 17%. Not bad for Canada.
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Old 04-11-2010, 09:25 AM   #31
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I won't reply either because I'm paying US and Japan taxes...way too much of them both.

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Old 04-13-2010, 07:02 AM   #32
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23 Fed and 6 DC, but next year that will plummet since DW fully ERed.

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