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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 127549

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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