What is your final tax rate after deductions?

I haven't done the math in years, but I remember my Federal tax rate being around 6 percent.
30 percent is wrong, way wrong.

That would mean your Federal tax would be 15,000 if you made 50,000,
Now if you include property, state, local and sales taxes, anything is possible

 

30%- That includes Federal-State and Self-employment tax ss-medicare

 

I was at 13% last year ... previous 3 years were between 7-9% ... That's all in, Fed, State and Self Employment.

 

23% because I also run a business. If that was taken out of the equation, then I would pay close to 6%.

 

You must have several children living at home under 18 or in college,And you have a mortgage

And that Still sounds low

 

Nope ... just the wife, renter.

 

Actually thinking about this the question is squirley ... What do you mean by "after deductions"?

I take it to mean the effective rate on the gross.