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Posts Tagged: taxes

Just finished my taxes. Looks like my effective tax rate for 2011, 14.38%, beats Romney’s 13.89% for 2010. However, his estimate for 2011 was 15.44%. So comparing “apples to apples” he’s got me beat. Now Warren Buffett, his rate was only 11.06% for 2010. OWNED!!

Though it was somewhat expected, the fact that I owe over $2,000 briefly raised my blood pressure for fear of an underpayment penalty for owing over $1,000.

Just finished my taxes. Looks like my effective tax rate for 2011, 14.38%, beats Romney’s 13.89% for 2010. However, his estimate for 2011 was 15.44%. So comparing “apples to apples” he’s got me beat. Now Warren Buffett, his rate was only 11.06% for 2010. OWNED!!

Though it was somewhat expected, the fact that I owe over $2,000 briefly raised my blood pressure for fear of an underpayment penalty for owing over $1,000.

"In 2008, Goldman Sachs paid a tax rate of just 0.6% on its profits for the year."

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That’s seems about right, eh?

Harper’s (US) via Brainmail

Source: brainmail.nowandnext.com