2020 our total tax burden was 19.95%. 12.61% was for the feds, and 7.33% for the state. Obviously, our income and therefore taxes went up this year, but not a huge amount.
INCOME | Fed. Tax Burden | OR Tax Burden | Total Tax Burden | |
Wages | $202,454 | |||
Interest | $348 | |||
Ordinary Dividends | $511 | |||
Other Income | ||||
TOTAL | $203,313 | 14.77% | 7.86% | 22.63% |
NON-TAXED INCOME | ||||
Qualified Dividends | $494 | |||
Pensions and Annuities | ||||
TOTAL INCOME | $203,807 | 14.73% | 7.84% | 22.57% |
Federal Tax Withheld | $32,758 | |||
Federal Tax Paid | -$2,729 | |||
TOTAL FEDERAL TAX | $30,029 | |||
OR Tax Withheld | $15,980 | |||
OR Tax Paid | ||||
TOTAL OR TAX | $15,980 | |||
TOTAL TAX PAID | $46,009 |