Forums: Community: The Soap Box: Re: [lena_chita] What % tax is fair?: Edit Log

Partner rrrADAM

Dec 7, 2012, 12:52 PM

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Registered: Dec 19, 1999
Posts: 17543

Re: [lena_chita] What % tax is fair?
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lena_chita wrote:
Nobody is paying even 35% of their income in income taxes, let alone 60 or 90%.

Back in the early 90's, when I was single, before I bought a house, I was paying right at about that during years I made a lot of $$$.

I work with contractors who make bank, and they get about 45% deducted from their checks (total deductions), since they are making bank... Not sure of their year end accounting as far as deductions go, and most of them only work 6-7 months a year, like I did before I hired on at my utility full-time... I got the same rate (~45%) deducted, but I also had a lot of write offs, so my total tax rate ended up being about 25%.

(This post was edited by rrrADAM on Dec 7, 2012, 12:56 PM)

Edit Log:
Post edited by rrrADAM () on Dec 7, 2012, 12:55 PM
Post edited by rrrADAM () on Dec 7, 2012, 12:56 PM

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