ROACHBLOG

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Monday, April 11, 2005
 
Taxes Done!

It always amazes me when my tax software compares my return against the others in my income bracket. For some stupid reason, I always end up paying much smaller percentage of my income in taxes than the average "similar" return.

My wife and I file jointly and our income is solidly middle class. While I deduct a small amount for business expenses related to my freelance writing gigs (I don't make a profit... yet), well over 90% of our income is good old fashioned wage income with nothing but standard mortgage, child and charity deductions. All of these are, again, *lower* than the average returns in our bracket.

So, why do we end up paying lower taxes? Is it because I use comprehensive software? Does the average schmuck not take all of his/her obvious deductions?

Why? (Not that I'm complaining or anything.....)
 
Shouting into the closet to inform and entertain the 10 people who actually read this thing. In our new format as an online magazine, we take pride in our reporting and opinions. Please leave reader feedback on our online magazine message board so that we can better serve you.

“There’s a lot of money to pay for this that doesn’t have to be U.S. taxpayer money, and it starts with the assets of the Iraqi people…and on a rough recollection, the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years…We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” -Paul Wolfowitz

Cost of the War in Iraq
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