My Own Little Tax Hell

Arrrgh.

I’ve just signed my tax return. Although Turbo Tax says our tax rate is only 16.1 percent (or a bit higher), it sure feels like we’re paying a lot more than that. We have our self-employment tax (with 2 self-employed people, that’s an extra 7.8 percent to kick out on our total income). And we got a $5,000 kick in the teeth from the AMT.

Flat tax? Maybe it is the right answer. Who knows? Anyway, onward. It’s April and I haven’t yet earned enough to pay my 2006 tax bill.

April 6, 2006.