One of the interesting features in TurboTax is the summary cover page they print, which includes a line for, "Effective Tax Rate." This year for us it was 7.98%. Last year, which included real income by me, I remember it being 9 and some change percent.
When the Federal income tax rate is effectively less than local sales taxes, it's difficult for me to muster much enthusiasm about "tax revolt."
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timeasmymeasure
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Date: 2010-05-04 01:41 am (UTC)When the Federal income tax rate is effectively less than local sales taxes, it's difficult for me to muster much enthusiasm about "tax revolt."