I just did our taxes and learned I can’t really complain about how much we pay in terms of federal taxes. Turbo tax gives you your effective tax rate (actual income tax paid divided by net taxable income before taxes) on the first page after you complete your taxes.

While our income puts us squarely in middle class territory, our effective tax rate is 1.26%!

I mean we don’t live in a van down by the river or anything. I guess I’m happy about this. Although, we are apparently poorer than we think.

My topics that I can bitch about at fancy cocktail parties are dwindling…

Share This:

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Advertisements