Thread: Towable house
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Ralph Mowery Ralph Mowery is offline
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Default Towable house

In article ,
lid says...
Yep, I understand the premise. The Federal tax burden is around 4-6%, and I
figure everything else is 2-3%. Everyone's situation is going to be
different.




Where are you getting those numbers ?


TurboTax. In the summary at the end, it tells you your effective tax rate.
Over the past 20 years or so, mine usually bounces around between 0% to as
much as 6%. 2019 was another 0% year for me at the Federal level, but
that's not something that I count on. It's just nice when it happens.





So you are saying that in a couple of years you paid no Federal income
tax ? Hardly possiable for most if working a regular job.


The concenses of the Turbo Tax calculation is just smoke and mirrows to
make it look good.

In other words they use the wrong lines on the form to really get the
tax rate.

For example one person says TT calculated about 6 % where really it is
about 17 %

I do use TT for my tax so do not think this is anything against them.


https://ttlc.intuit.com/community/ta.../how-turbotax-
calculated-my-effective-tax-rate-etr-it-divides-line-63-amount-by-line-
43-amount-on-the/00/708779#