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|Subject: Re: What annoys the Right more?||Date: 10/15/2012 5:10 PM|
|Author: decath||Number: 648956 of 740210|
What's worse is that Democrats insist that the middle class pays a higher tax rate than Romney because they are comparing the marginal rate of the middle class with Romney's effective rate.
I was wondering about that as well how liberals make these high tax rate declarations.
Thanks to maxing out 401ks and HSA's and itemizing charitable donations, a small amount of mortgage interest and a healthy chunk of real estate taxes, our effective tax rate is slightly under 10% on a 6 figure income.
When you live on less than 50% of your income, you can do things like max out 401k's. And we also take advantage of the over 50 contributions.
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