The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/telegraph-you-wrote-last-year-i-think-i-paid-32929781.aspx

Subject:  Re: Our GOP Tax Bill Rant Date:  12/21/2017  2:07 AM
Author:  joelcorley Number:  126659 of 131385

telegraph,

You wrote, Last year I think I paid about 17% of my income in fed taxes ...

FWIW, it looks like I paid more than 25% in 2016. But of course most of my taxable income was wages and included FICA. In 2017 my composite Federal tax rate should go down ... because I'm going to have a lot more in qualified dividends and capital gains to report compared to the prior year.

- Joel
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us