2021 Tax Burden – Laying Down The Law Debt


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



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