“Work out the numbers on a spreadsheet… If family earns $30k per year, owns a very modest house, how much in total taxes do they pay (I mean taxes of all kinds, including payroll, sales, property, DMV fees, etc..) as a proportion of their income.
”
does family mean one, two or no kids?
Let’s say two
Fed income tax $0
StAte income tax $0
FICA tax $1695
DMV taxes $200????
Property tax $1500. (assuming tax basis of $150k home)
Sales tax figure half of the remaining is bought on taxables that’s $1030
That’s $4425 or 14.75%
Mitt paid 13.9%. Just for fed income
$3,000,000 and another $3,000,000 to charity.
What was his property tax on the $12,000,000 home in la Jolla?
Really $3,000,000 versus $4475 and you want to moan about their tax rate?
