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President Obama!
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 960982" data-attributes="member: 12570"><p>I doubt it.</p><p></p><p>Effective tax rate is the tax that you owe on your adjusted gross income expressed as a percentage. This is not the tax that was withheld.</p><p></p><p>For example, my AGI was $48K on which I owed $8K, thus the 16.9%. I had $10K withheld which resulted in a $2K refund.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 960982, member: 12570"] I doubt it. Effective tax rate is the tax that you owe on your adjusted gross income expressed as a percentage. This is not the tax that was withheld. For example, my AGI was $48K on which I owed $8K, thus the 16.9%. I had $10K withheld which resulted in a $2K refund. [/QUOTE]
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