Tax Rates Reflect Quality Of Life: Difference between revisions
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Revision as of 09:41, 15 May 2026
One more week until Tax 24-hour period. Have you filed yours yet? I haven't (probably should onboard that, actually), upkeep I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I would even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going to fund up and log off scot-free?
My personal finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax for 2010 $10,170. My increase for that 10-year plan would go to $18,357. For that class warfare that the politicians like to use, I compare my finances to your median research. The median earner pays taxes of a.9% of their wages for the married example and the.3% for the single example. I pay 8-10.7% for my married income, could be 5.8% close to the median example. For the 10 year plan those number would change to five.2% for the married example, 11.4% for your single example, and 12.6% for me.
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