your tax rate. are YOU paying YOUR fair share?

[mookie1995]

One bit of spin that was used when these arguments started is that they used the percentage of Mittens' total tax to gross income, while they used the secretary's bracket, thinking the secretary was ineligible for standard deduction, exemptions, and the like.

Thus the number I provided. Unless you are some lonely loser who files single and rents (or sleeps in your mom's basement.. YOU KNOW WHO YOU ARE ) and takes the std deduction.... You will always have a lower rate than the published #. Just shows how peeps are sheep who like to take it up the ***!

 

[FlagDUDE08]

Re: your tax rate. are YOU paying YOUR fair share?

Thus the number I provided. Unless you are some lonely loser who files single and rents (or sleeps in your mom's basement.. YOU KNOW WHO YOU ARE ) and takes the std deduction.... You will always have a lower rate than the published #. Just shows how peeps are sheep who like to take it up the ***!

Given I am one of those "lonely losers" (but hey, turnabout is fair play), based upon my gross income and payment rate, I'm actually nowhere near the 25% that is allocated by my bracket. There's also another thing to consider in that you pay 10% up to that income line ($8700 if you're single, meaning you pay a maximum of $870 on that), then with the remaining income you pay 15% up to that line ($35350 if you're single, take away $8700 for a difference of $26650, it'd be a maximum of $3997.50, plus the $870 from the money before that, for a total of $4867.50, and that's actually a rate of 13.77%), then the same for 25%, 28%, 33%, and finally 35%.

 

[mookie1995]

Re: your tax rate. are YOU paying YOUR fair share?

Yes. Always have a lower rate. Personal exemptions. Deductions (standard or itemized). Then throw in the credits ( ). More you have, more you get to deduct, exempt, credit