Finished my returns this weekend. Paid an effective federal income tax rate of 15.6% (total federal income tax / total income). Add in FICA, KS income tax, real and personal property taxes, and (approximate) sales tax, and I paid about 35% of my income in taxes in one form or another.
How'd you guys do?
Very much like you did, K-S-U. Paid 15.9 percent effective federal income tax rate and gave an interest free loan to the government of about $2,000. When FICA, state income, sales, personal property etc are included, I paid about 40 percent.