taxes 2013
it's that time of year again. wee. everyone loves it. taxes are mostly done. mostly. done enough that i can calculate our tax rate using the formula first posted
here. last year's income was pretty middle of the road. the tax rate worked out to be 27%-ish. again middle of the road. not surprising. to me at least. we still have capital losses carrying forward. so some of our income is taxed at 0% instead of 15%. but not much. in fact, because of the magic of tax law... when i set the capital loss carryforward to $0, our tax rate... wait. want to take guess? i'll wait. we'll make more money, so should our tax rate go up or down? taxes are supposed to be progressive. right? and if you think they are, then our tax rate should go up when we have more income. but it doesn't. it drops to 26%. again, not surprising to me. i'm pretty sure we don't actually have a progressive income tax. i'm pretty sure we're in the bracket where income tax is regressive. and there's another data point supporting my hypothesis. heh. i was just gonna post our tax rate. not lecture. and look at me go.