Filed my income tax return today.
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  Filed my income tax return today.
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Author Topic: Filed my income tax return today.  (Read 1794 times)
TeePee4Prez
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« Reply #25 on: March 04, 2013, 12:21:37 AM »

My federal income tax percentage is still higher than Mitt Romney's. Great job capitulating on the fiscal cliff, you stupid Democrats.

I would conclude mine is as well. I haven't finished all the details, but I had to do enough to fill out FAFSA for two kids this year. The impact of my wife taking on extra contract work to pay for the college generates a lot of tax. Right now it looks like I'll pay just under 17% of my adjusted gross income as tax. Almost a quarter of that is self-employment tax.

SE taxes are a highly regressive bitch aren't they?
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
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« Reply #26 on: March 04, 2013, 01:51:57 AM »
« Edited: March 04, 2013, 01:54:30 AM by ○∙◄☻¥tπ[╪AV┼cVê└ »

My federal income tax percentage is still higher than Mitt Romney's. Great job capitulating on the fiscal cliff, you stupid Democrats.

I would conclude mine is as well. I haven't finished all the details, but I had to do enough to fill out FAFSA for two kids this year. The impact of my wife taking on extra contract work to pay for the college generates a lot of tax. Right now it looks like I'll pay just under 17% of my adjusted gross income as tax. Almost a quarter of that is self-employment tax.

SE taxes are a highly regressive bitch aren't they?

But the sad thing is even if you ignore the payroll taxes, which Romney doesn't even pay, and I have plenty that I or my employer pay, I paid a higher percentage of just federal income taxes than Romney.
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King
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« Reply #27 on: March 04, 2013, 02:10:27 AM »

Don't worry, Memphis.  The Baby Boomers may be too selfish to pay taxes at a higher than 0% rate, but they are also selflessly willing to make sure we aren't left with a mountain of debt by making themselves the last to collect Medicare and Social Security benefits before repealing the program completely.
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memphis
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« Reply #28 on: March 04, 2013, 12:16:17 PM »

My federal income tax percentage is still higher than Mitt Romney's. Great job capitulating on the fiscal cliff, you stupid Democrats.

I would conclude mine is as well. I haven't finished all the details, but I had to do enough to fill out FAFSA for two kids this year. The impact of my wife taking on extra contract work to pay for the college generates a lot of tax. Right now it looks like I'll pay just under 17% of my adjusted gross income as tax. Almost a quarter of that is self-employment tax.

SE taxes are a highly regressive bitch aren't they?

But the sad thing is even if you ignore the payroll taxes, which Romney doesn't even pay, and I have plenty that I or my employer pay, I paid a higher percentage of just federal income taxes than Romney.
1. Romney never released much tax info so it's a hard comparison to make.
2. I doubt very much you paid >10% in income taxes. Not a large percent of people do.
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