Total Income and Taxable Income

[PhoenixOrion]

Mine would have to be tax year 2005....taxable income was 54% of my total income

.....big thanks to my accountant.

 

[mugs]

0%... when I was in high school 🙂

 

[her209]

I have almost no deductions. 🙁

 

[Albis]

blah my rough estimate is about 70% of total income is taxable income

 

[dennilfloss]

None of my income is taxable.

 

[jupiter57]

Mid-nineties: I don't quite remember the hard numbers, but it was in my second year of owning my own business.
Gross income (1099) was in excess of $90K, a good accountant worked it through so that I paid a total of only $600 (+-) total in State, Federal, and Social Security.
Of course, according to my Social security statements, I only made @ $4000 that year! That could have hurt should I have become disabled and that year counted toward my benefits!

 

[kranky]

Last year my taxable income was 64% of my total income and I had no business-related deductions.