How the Rich Pay No Taxes Diagram

[Igel]

4. At 0% interest, no doubt.

Of course, the stock wasn't taxed.

Pretty much every time I've had investment funds and outstanding loans the interest owed by me outstripped the interest owned to me.

This year, for various reasons, the percent tax I owed doubled. To an effective Federal income tax rate of 22%. Last year was the first year my rate went over 8%. Oh, for the days of having 6% as my effective rate. (What's pulling up my tax rate? I had some money from dividends. My mom died, her IRA had to be cashed out and taxed, and I'm in a DCP and couldn't shove it back into an IRA. Ignore that it's reduced in value through inflation rather significantly in the last 3 years.)

Oh--and my taxable income decreased by $2k from last year. (That's mostly because of a change in deductions. I'm now officially single and have no dependents.)