At 10:08 PM 1/27/01 -0600, Julia wrote:
>This does not, however, take into account Social Security/Medicare taxes.
>
>And I haven't seen that many tax forms for any tax year since 1994, so I
>can't comment on anything more recent than that.
>
>Once we have TurboTax, I can run up a bunch of scenarios to guesstimate
>the accuracy of the "40%" statement, if there's enough interest.
You hit the nail with the first sentence. I was actually surprised at
how low I pegged it. According to John Stossel on ABC tonight, even a
middle class family (husband works as a roofer, the wife works as a nurse,
both in St. Louis) pay FORTY-SIX percent of their income in tax.
JDG
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