Tax returns complete! 16.9% or 26.6% effective tax rate for 2018

Kinja'd!!! "Clown Shoe Pilot" (csp)
02/07/2019 at 20:58 • Filed to: None

Kinja'd!!!0 Kinja'd!!! 5

Depending on whether or not you include Social Security and Medicare, our effective tax rate for 2018 was 16.9% (not including SS/MC) or 26.6% (including SS/MC). That’s (taxes paid)/(taxable income)

Last year, exclusive of SS/MC, our effective tax rate was 19%.


DISCUSSION (5)


Kinja'd!!! Dr. Zoidberg - RIP Oppo > Clown Shoe Pilot
02/07/2019 at 21:19

Kinja'd!!!3

Ummm...

[Looks closely at TurboTax profile]

... Ah! Yes, I don't know.


Kinja'd!!! The Dummy Gummy > Clown Shoe Pilot
02/07/2019 at 21:26

Kinja'd!!!0

Enjoy it while it lasts. 


Kinja'd!!! MM54 > Clown Shoe Pilot
02/07/2019 at 21:33

Kinja'd!!!0

I haven’t done mine yet but uh... it’s going to be higher than that. I think.


Kinja'd!!! BeaterGT > Clown Shoe Pilot
02/07/2019 at 21:39

Kinja'd!!!0

12.3% here, give me ALL them deductions.  The tax changes helped too.


Kinja'd!!! Jayvincent > Clown Shoe Pilot
02/08/2019 at 06:50

Kinja'd!!!0

Hmmm... I’m within 0.1% of last year’s tax rate this year, which is comforting I guess