4 ms·
I think the allusion was to what their all-in tax rate is. Everyone knows what their take home paycheck is, but ask the same person what their effective tax rat
by rbcgerard 10y ago
I think the allusion was to what their all-in tax rate is. Everyone knows what their take home paycheck is, but ask the same person what their effective tax rate was for the year, and most people don't have a clue (over withholding, 401k deduction, mortgage interest deduction, state and property tax deductions, phase outs etc)
- secabeen 10y agoNot everyone uses it of course, but TurboTax includes your effective tax rate in the Tax Summary they provide at the end of the process.
- lern_too_spel 10y agoAccording to the article, people using TurboTax is why we have this problem. You are not going to convince anybody to use TurboTax in this forum.