{"id":2989,"date":"2013-01-28T07:23:27","date_gmt":"2013-01-28T13:23:27","guid":{"rendered":"http:\/\/www.mdmproofing.com\/iym\/weblog\/?p=2989"},"modified":"2013-01-27T18:47:44","modified_gmt":"2013-01-28T00:47:44","slug":"effective-tax-rate-2011","status":"publish","type":"post","link":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2013\/01\/effective-tax-rate-2011\/","title":{"rendered":"Effective Tax Rate, 2011 Edition"},"content":{"rendered":"
<\/div>\n

Glancing back through some older posts yesterday, I discovered that I never took the time (last year) to talk about my household’s effective tax rate for 2011. My write-up for our 2010 effective tax rate<\/a> was the last time I covered this red-hot, bawdry topic.<\/p>\n

Can’t let that stand, now can we?<\/p>\n

Calculating Our Effective Tax Rate<\/h3>\n

I won’t spend a lot of time delineating all the numbers which go into our “effective tax rate,” since I covered it pretty in-depth in my 2010 article above. Basically, the formula looks like this:<\/p>\n

<\/center><\/p>\n

On the tax side, all federal taxes are added in there, as well as state taxes, property taxes, utility taxes, and — as best I can estimate from Quicken reports — sales taxes. Same goes for income; it’s all in there.<\/p>\n

Excel Does the Math<\/h3>\n

So where’d we end up in 2011? Well, as it turns out, our ETR went back to where it was in 2008:<\/p>\n

<\/center><\/p>\n

And when I say it went “back,” what I really mean is that it went “back up.” Our ETR in 2010 was 21.9 percent, and the year before that, 21.5 percent. So this<\/b> particular measure of financial progress is going the wrong way, to my thinking.<\/p>\n

Though I’m sure there are many in D.C. (and other levels of government) who are all smiles right about now … now that almost one quarter of our earnings are going into the Tax Man’s pouch.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glancing back through some older posts yesterday, I discovered that I never took the time (last year) to talk about my household’s effective tax rate for 2011. My write-up for our 2010 effective tax rate was the last time I covered this red-hot, bawdry topic. Can’t let that stand, now can we? Calculating Our Effective […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-2989","post","type-post","status-publish","format-standard","hentry","category-taxes"],"yoast_head":"\nEffective Tax Rate 2011<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2013\/01\/effective-tax-rate-2011\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effective Tax Rate 2011\" \/>\n<meta property=\"og:description\" content=\"Glancing back through some older posts yesterday, I discovered that I never took the time (last year) to talk about my household’s effective tax rate for 2011. My write-up for our 2010 effective tax rate was the last time I covered this red-hot, bawdry topic. Can’t let that stand, now can we? 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