News for hackers. Stuff that matters.

A comment on The Tax Haven That's Saving Google Billions. Parent comment

Re:The Tax Haven That's Saving Google Billions by maukdaddy on Thursday October 21, 2010 @10:43AM (#1815579)
Unless you made a shitload of money I highly doubt your effective rate was 40%. The rate on the last x% of your money might have been taxed at 40% but most places have a progressive tax structure. Deductions should lower the effective rate further.

I'm speaking for the US, by the way.

[ Parent | on HN ]
Re:The Tax Haven That's Saving Google Billions by camiller on Thursday October 21, 2010 @11:07AM (#1815716)
Yeah, my combined marginal federal and state rates are like 33%, my effective rate after mortgage interest and charitable deductions was like 8-9%. I'm going to try to be more like Google though.... ;)
[ Parent | on HN ]
Re:The Tax Haven That's Saving Google Billions by pbiggar on Thursday October 21, 2010 @01:53PM (#1816633)
If he made shitload of money, he'd be doing tax mitigation of his own, and probably wouldn't pay 40% either.
[ Parent | on HN ]