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Financial Planning / Tax Strategies
|Subject: Re: Lowering Effective Tax Rate||Date: 4/15/2013 2:30 PM|
|Author: TMFPMarti||Number: 118446 of 121114|
if you include state taxes , it's not comparable
unless you add in sales and property taxes
(& , where relevant , the extra 'means-test' Medicare
As I implied, such a seemingly simple concept is really subject to a lot of interpretation by definition.
You may have noticed that I said "income-based" taxes, which is why I would not include sales and property taxes, nor the income-based Medicare surcharge, which I view as an insurance premium, not a tax. Buying Medicare Part B coverage, at whatever premium, is voluntary. Paying the Medicare tax on wages isn't.
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