Quote:
Originally Posted by zimmy
That percent you give is before deductions and not effective tax rate. I am sure you pay a lot in taxes since that is a top tax bracket, but that is not the actual percent payed.
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You own a business? If so, then you'll completely understand that what Uncle Scam calls "Effective Tax Rate" and the actual taxes that a business pays due to the multitude of required payments to Uncle Scam are extremely different - and typically not for the better, might I add. Shall I list them all out again?