TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Effective vs Actual Tax Rate

June 14, 2012

Today TaxMama® hears from KD in the TaxQuips Forum who is justifiably confused. “I was looking over our tax return and was wondering why we are paying almost 50% effective tax rates on our income. I’m currently unemployed and my husband is an indepe