Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 2
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.

Rule Your Retirement Home Fool
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.