re: #834 Big Steve

I didn’t pay a dime of interest last year (own house free and clear), Texas does not have any state or local income taxes. Waited to may my property taxes till January to get credit in 2012. Had capital gains on investment held over a year. And yes, make too much to get medical or any other deductions. Had $3k in charity. So yes, I did pay that much.

If your taxable income (after all deductions) was %250k, your federal income tax should have been $67k.
per page 86 of of this 2011 IRS tax rate schedule:

for an effective rate of 27%.