I just did my taxes and I am SO disgusted!!

[Disclaimer]

I want YOUR job... That's a rather large tax liability.

[Likwid]

I want YOUR job... That's a rather large tax liability.

I was just estimating... isn't tax rate ~40%? *shrug* I have no idea

[Disclaimer]

http://www.moneybluebook.com/2009-federal-income-tax-brackets-official-irs-tax-rates/

[ironbuttwannabe]

I decided not to pay any taxes this year from my paycheck and I just got my tax return and I owe $20,000... I'm so disgusted in this government!!!!!!

You can't get a tax return if you owe

[Likwid]

But that's only federal income tax, doesn't State and all the other stuff bring it up much higher than those percentages?

[Disclaimer]

http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_oh.html#taxrate

How Ohio State income tax rates are structured The tax table below will show in detail the Ohio state income tax rates by income tax bracket(s). There are 9 income tax brackets for Ohio. If your income range is between $0 and $5,000, your tax rate on every dollar of income earned is 0.587%.

If your income range is between $5,001 and $10,000, your tax rate on every dollar of income earned is 1.174%.

If your income range is between $10,001 and $15,000, your tax rate on every dollar of income earned is 2.348%.

If your income range is between $15,001 and $20,000, your tax rate on every dollar of income earned is 2.935%.

If your income range is between $20,001 and $40,000, your tax rate on every dollar of income earned is 3.521%.

If your income range is between $40,001 and $80,000, your tax rate on every dollar of income earned is 4.109%.

If your income range is between $80,001 and $100,000, your tax rate on every dollar of income earned is 4.695%.

If your income range is between $100,001 and $200,000, your tax rate on every dollar of income earned is 5.451%.

If your income range is $200,001 and over, your tax rate on every dollar of income earned is 5.925%.

Income tax brackets data last updated March 3rd, 2009.

So the short answer is, yes - they go up, but not by much.

[Sniper_308]