Gonna do an anonymous Pole so wait for it. Talking JUST Fed Income tax Not State, or Capital gains and such.
0
0 to 500
500 to 1000
1000 to 1500
1500 to 2000
2000 to 2500
2500 to 5000
5000 to 7500
7500 to 10,000
10,000 12,500
Im Bruce I paid over 50,000
other
Gonna do an anonymous Pole so wait for it. Talking JUST Fed Income tax Not State, or Capital gains and such.
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If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
$21063 in Fed on about 115k of income...on top of that I had the total SS since I am self employed, about 14k...
Outside my business I have no other deductions...no rugrats or wifey...no interest deductions...
After itemizing mortgage interest, real estate taxes, charitable deductions, and educational expenses to subtract about $10,500 from my taxable income, I was taxed $3670 for a reported effective rate of 9%.
Beats me...but on 115k in income I pay nearly 50% with fed, SS, state, and sales taxes...
And to make that 115k I have over a quarter mill invested in my business...
Mike Stoops: "F*ck me. " - Quoted during the FAMU game following the 1st quarter timeout for 12 men on field.
I have no clue what I pay. My accountant handles everything, and last year my Federal return was ~$15K, and my state was ~$5K. It varies from year to year, but on average, my return is ~$20K.
It'll change some next year now that I'm retired. I don't have to pay state tax anymore (being a CSRS retiree), and I'll gross a little less than I did when working.
All I ask my accountant to do is be honest, be certain that I do not have to pay at the end of the year, and keep my fat *** outta jail. So far, so good.
I average...3?
No. I spend an average of 12 hours a day in a tractor. But I'm doing what I love, so it ain't work...
Besides, I ain't a beer geek at all. Whiskey is where it's at.
Nothin like gettin a dui in a hay bailer