4 ms·
I make considerably less than Warren, and virtually none is capitol gains. After home mortgage deduction, charitable deductions, etc. My effective federal tax
by camiller 16y ago
I make considerably less than Warren, and virtually none is capitol gains. After home mortgage deduction, charitable deductions, etc. My effective federal tax rate was like 7.2% (If I remember what TurboTax told me correctly). The previous year it was 6.9%. My marginal federal bracket rate is 28% ($82,400-171,850).
Warren really like to talk that crap up about how he pays less taxes than his secretary. To me his secretary just needs a better tax guy.
- Retric 16y agoAre you forgetting about the 12.4% you pay to SS? How about 2.9% to Medicare? Now let's add in sales and property taxes etc. PS: Relative to his income his sales and property taxes are well under 0.1%.