Quote:
Originally Posted by BlackCatIslander
Virtually all of my income is unearned income and I do NOT pay 12 percent to the Commonwealth of Massachusetts.
Out of curiousity I looked at last year's tax returns and found that my state tax burden was less than 6 percent of taxable income. That includes state income tax, local real estate tax, excise tax for two vehicles, and an estimate for sales taxes. Obviously, those numbers vary widely from household to household.
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When I left the state it was 12 %. It looks like it is now down to 5.3%. Thanks for the correction. It is interesting how that number was burned into my brain!