So if Romney pays 13% in taxes, how much do you pay? - RC Groups
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Aug 19, 2012, 11:19 AM
It's gonna be YUGE!!!
LVsoaring's Avatar
Discussion

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....
Aug 19, 2012, 11:57 AM
LcJ
LcJ
Forever TMWT Pilot #11
LcJ's Avatar
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.
Last edited by LcJ; Aug 19, 2012 at 12:36 PM. Reason: correct 22 to 20.12
Aug 19, 2012, 12:02 PM
Bagpipes spoken here
Pipemajor's Avatar
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.
Last edited by Pipemajor; Aug 19, 2012 at 02:25 PM.
Aug 19, 2012, 12:08 PM
Don't look at me like that....
62pilot's Avatar
About 18 %, slightly lower than most hard working middle class.
Aug 19, 2012, 12:58 PM
foamie re-cycler
daddiozz's Avatar
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..
Aug 19, 2012, 01:05 PM
Libertas in Infinitum
logan5's Avatar
I pay more than I want to.
Aug 19, 2012, 01:11 PM
turn, turn, turn.
Right around 20.
Aug 19, 2012, 01:25 PM
Tu ne cede malis
MtnGoat's Avatar
Quote:
Originally Posted by LVsoaring
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.
Aug 19, 2012, 01:28 PM
Registered User
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...
Aug 19, 2012, 01:30 PM
LcJ
LcJ
Forever TMWT Pilot #11
LcJ's Avatar
Quote:
Originally Posted by MtnGoat
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.
Latest blog entry: RC Logger's Eye One Xtreme Quad
Aug 19, 2012, 01:37 PM
Registered User
Imagine how much we could save if we didn't have libraries!
Aug 19, 2012, 01:41 PM
-- Made in DETROIT --
SKYPILEIT's Avatar
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
Aug 19, 2012, 01:49 PM
Registered User
Libelle201B's Avatar
My tax return profile says 15%.
Aug 19, 2012, 01:51 PM
Thanks for the Fish!
aerogel's Avatar
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!
Aug 19, 2012, 02:09 PM
Registered User
UlteriorModem's Avatar
Wait... I was told that Romney paid no taxes, for ten years.


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