tax rates
happy tax day! course tax day is really monday. but what the heck. income was way down this year. mostly because most of it was from wages. so the prediction is, our tax rate will be higher than normal. we also exercised iso's this year. so we get hit by amt. wee! so our tax rate is double extra high. according to my algorithm from 3 years ago our total tax rate is 42%. ouch! good heavens. if you don't count the amt from the iso's it's a much more typical 27%. man, i really don't like the idea of paying taxes when you buy an asset that can't be sold. a 26% sales tax? jeebus. fucking stupid. anywho. in theory, with extraordinary tax planning, we can recover this amt. it's kinda like a pre-paid tax. kinda. so our future year by year tax rates will be slightly lower than they would be without the amt credits. woot. also, the tax rate when we sell those iso's is 15%. wee. you can play the tax rate game too. first, figure out your income: add 1040 lines 8b and 22, add all w-2 box 12's. second, add up all of your taxes: add 1040 line 60, add schedule A line 9, add all w-2 box 4's and 6's. divide your total taxes by your total income. voila! enjoy. and yeah, email your congresscritter.