My Taxes are too low!

Originally posted by sh76
Yuk Yuk

😀



PS: Under Article 11 of the Geneva Convention all purveyors of bad puns must apologize within 72 hours. So, we're waiting.

Sorry.

Originally posted by sh76
First, I didn't become KN all of a sudden. I'm not start going to demand 70% tax rates, or whatever KN is up to these days. 😉

That having been said, I spent a lot of the day yesterday preparing my 2009 income tax return. I'm not done yet, but I've covered enough ground to know that federal income tax is a joke. Yes, payroll tax is a beeeotch, but, at least ...[text shortened]...
* "Big Federal Deficit (reducer)" Get your minds out of the gutter, people! 😠

Hate to be a neceomancer but I wante to bring this back to lend support to your OP. I did ny taxes this weekend and, assuming TurboTax is correct, after taking all my deductions my effective average federal tax rate is way under 10%. I will admit that this was an exceptional year. I finished grad school and moved a good distance away to work where I purchased my first house. I won't be able to take those deductions and credits next time around, but many others will still remain so expect my effective average tax to remain far below the one listed on the IRS tax schedule.