If I told you how much I pay in taxes now (as a percentage of my income) it'd blow your mind.
The top tax rate in this country is WELL over 50% if you live in a state that has Income, Property, Sales Tax and other taxes on income like we have here in Illinois.
The ONLY thing that keeps me above water financially is because of how I choose to live and the things that I DO NOT spend money on.
The only thing that keeps me here until June of 2017 is my youngest son still being in high school. My family moved TWICE while I was in high school and it sucked for me. I won't do that to my youngest son.
Since you qualified your taxes as a percentage of your income it would be wrong to include taxes based on non-income sources (assets, purchases). Your average income tax rate should be less than 50% and you should be grateful to the living God you have so much to give and are not hungry or in peril.
Know what you mean. At last glance I think we have paid our friends at the IRS $1.7M through last year cumulatively. Talk about not getting your moneys worth.
Since you qualified your taxes as a percentage of your income it would be wrong to include taxes based on non-income sources (assets, purchases). Your average income tax rate should be less than 50% and you should be grateful to the living God you have so much to give and are not hungry or in peril.