[quote=permabear][quote=nocommonsense]3)11.9% for “Married with 2 kids”? I have more children and I pay much more taxes than 12%.[/quote]
Do you own a home, contribute to a 401(k)/IRA, and itemize deductions? If so, 12% is about right. My tax rate last year was 10%, and I’m in a similar situation.
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If you live in CA, add another 10% state tax to your “12%” figure. And how about the other taxes I mentioned. I’m not advocating no tax at all, just reasonable taxation.
