I really wish I had written this post but Kelly Phillips Erb (Taxgirl) did. So I'll share her post instead. Kelly shows us what we in the US are paying in taxes and how that compares to other countries. It might be an eye opener for you.
Fight Over Tax Rates Is Meaningless.
I see this all the time. A client will be complaining about how much they are paying in taxes until I point out both their marginal rate (the highest rate they are taxed at) and their effective rate (the average of all their rates) and the rates turn out to be much lower than they assumed.
I covered how marginal and effective tax rates are computed last year. Voting Tax Rates.
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If you in fact interested to get a chance to back to Washington it will be best to show the country you are looking after our best interest by taking on the tax code and immigration. I'm thinking this can that's been kicked down the road for so long is about gone so what do you say people?
Posted by: VA Tax Preparation | July 20, 2012 at 05:40 AM