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Minor nitpick, the parent said they pay 40% in state and federal taxes and social security and you quoted only federal taxes (looks like the last graph includes
by aestra 13y ago
Minor nitpick, the parent said they pay 40% in state and federal taxes and social security and you quoted only federal taxes (looks like the last graph includes Social Security)
I still don't know how much the parent pays in taxes, but that didn't include state tax, either income, property, or sales tax.
- minikites 13y agoWhat state has a ~20% effective tax rate? I don't see any marginal tax rates that even come close: http://taxes.about.com/od/statetaxes/a/highest-state-income-tax-rates.htm http://taxes.about.com/od/statetaxes/a/highest-state-income-... I'm obviously estimating, but when I look at which is more likely, someone misunderstanding tax brackets, or someone paying an insane amount of property tax in a state that doesn't exist, the first choice seems more likely.
- aestra 13y agoI didn't say or even imply any did. I said "minor nitpick." I said "I still don't know how much the parent pays in taxes." The GP might be counting all their payroll deductions as kinda a "tax" depending on how you look at it. It doesn't matter, I just pointed out you didn't include state taxes.
- JackFr 13y agoWell, New York State will add around 6% on top of that and New York City will add about 3%. And those are just income taxes.