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Old Aug 19, 2012, 10:19 AM
Unrepentant Paragon addict
LVsoaring's Avatar
United States, OK, Moore
Joined Jan 2006
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So if Romney pays 13% in taxes, how much do you pay?

I found this to be quite interesting......

http://www.usatoday.com/money/perfi/...ate/52682372/1


So how about you? What's your rate? Last couple of years, mine's been right about 11%. Of course this is only Federal tax, not state and others....
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Old Aug 19, 2012, 10:57 AM
LcJ
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United States, LA, Monroe
Joined Mar 2003
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Effective rate exactly 20.12% fed. Must be either stupid or honest cause i am now where near where that chart shows for my income level.
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Last edited by LcJ; Aug 19, 2012 at 11:36 AM. Reason: correct 22 to 20.12
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Old Aug 19, 2012, 11:02 AM
Bagpipes spoken here
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United States, MN, St Paul
Joined Aug 2007
113 Posts
Four percent in '11; 1.12% in '10 and 0% in '09 because...

My credits/exemptions were a MUCH higher proportion of my income than Romney's (and likely yours). I was also unemployed for half of 2009.

Last year was the last year I was able to take the remainder of the 30% credit for a ground source heat pump and I have TWO kids in college at the moment. I also did a window replacement and got a percentage of taxes back from that investment.

I also refinanced our mortgage in '10 which reset the percentage of deductible interest I can deduct.

Next year my rate will go up substantially since I received a nice promotion; those energy credits expire and one kid graduates from college. The American Oppotunity Act (the college credit) was supposed to expire but was extended for 2010.
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Last edited by Pipemajor; Aug 19, 2012 at 01:25 PM.
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Old Aug 19, 2012, 11:08 AM
Don't look at me like that....
62pilot's Avatar
United States, AR, McDougal
Joined Aug 2005
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About 18 %, slightly lower than most hard working middle class.
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Old Aug 19, 2012, 11:58 AM
foamie re-cycler
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United States, WV
Joined Nov 2004
2,106 Posts
according to the chart it should be around 8% ,realities of life closer to 12% of actual earned income this past year ...now that I'm effectively retired it should drop significantly as retirement income is somewhat lower..
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Old Aug 19, 2012, 12:05 PM
Registered User
Houston Ellington, Texas, United States
Joined Feb 2001
312 Posts
I pay more than I want to.
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Old Aug 19, 2012, 12:11 PM
turn, turn, turn.
Athol, Massachusetts
Joined Oct 2005
10,385 Posts
Right around 20.
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Old Aug 19, 2012, 12:25 PM
Cat Rack
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Lyle, WA
Joined Dec 2000
1,478 Posts
Quote:
Originally Posted by LVsoaring View Post
I found this to be quite interesting......

http://www.usatoday.com/money/perfi/...ate/52682372/1


So how about you? What's your rate? Last couple of years, mine's been right about 11%. Of course this is only Federal tax, not state and others....
Far higher is what mine is.

The solution to the inequity is the lower everyone's taxes.
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Old Aug 19, 2012, 12:28 PM
Registered User
College Park, MD
Joined Sep 2002
4,714 Posts
Effective rate 18%. A little higher than Romney. Boy don't I feel rich. But then again I don't have a horse in the Olympics, nor could I afford to attend...
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Old Aug 19, 2012, 12:30 PM
LcJ
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United States, LA, Monroe
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Quote:
Originally Posted by MtnGoat View Post
Far higher is what mine is.

The solution to the inequity is the lower everyone's taxes.
It is so simple really and just think it it were simple enough all the money we could save by not having the IRS.
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Old Aug 19, 2012, 12:37 PM
Registered User
College Park, MD
Joined Sep 2002
4,714 Posts
Imagine how much we could save if we didn't have libraries!
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Old Aug 19, 2012, 12:41 PM
did a reversed Immelman..once.
SKYPILEIT's Avatar
Novi, Michigan
Joined Nov 2002
2,249 Posts
Romney has stated he has never paid under 13%...sometimes more.

...FYI,Ryan has paid about 20%.

http://www.politico.com/news/stories/0812/79847.html
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Old Aug 19, 2012, 12:49 PM
Registered User
S. FL
Joined Jan 2007
854 Posts
My tax return profile says 15%.
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Old Aug 19, 2012, 12:51 PM
Thanks for the Fish!
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Land of cajuns
Joined Dec 2001
1,066 Posts
close to 20% I'm lazy and forgetful with out my better half don't keep up what with I give away etc pretty much just out fitted some 100 students in a local Parrish with back to school stuff and did't keep the receipt's..

Stupid is what Stupid does but then again i'm very liberal with my own money!
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Old Aug 19, 2012, 01:09 PM
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Joined Aug 2011
727 Posts
Wait... I was told that Romney paid no taxes, for ten years.
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