Effective tax rates...
Posted: Tue Feb 09, 2010 11:02 am
My wife just finished doing our federal income taxes. Our effective federal income tax rate, after all deductions and credits and whatnot is 9.69%.
Not bad, but of course this doesn't include Social Security, Medicare, sales, excise or other taxes. I wonder what our true effective tax rate is.
God bless the mortgage interest deduction.
Not bad, but of course this doesn't include Social Security, Medicare, sales, excise or other taxes. I wonder what our true effective tax rate is.
God bless the mortgage interest deduction.