Just shredded our 2002 returns...but before I did, I looked at what our AGI and effective tax rates were 10 years ago vs. our 2011 return.And our 2011 AGI was almost exactly double that of 2002 while our effective tax rate went from a little over 10% to a little over 15%. Had we not bought a new home this year, we would not have been able to itemize and our effective tax rate would have been considerably higher...More importantly, total cash and investments on hand increased 450% since 2002 and I expect 2012 to be considerably larger. TurboTax used to build into their software a bunch of national tax facts and averages and tell you where your return fit. They did not do that with this year's version, but I always found it perplexing how LOW we were on things like itemized deductions. Somehow, I'm betting we were still quite low...Still...it was interesting to see where we were 10 years ago vs. now... :o)
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