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Any Equity Partners here (big or small law)? Curous about taxes

Is your effective tax rate higher because of payroll taxes a...
lemon gay wizard
  10/25/14
You only pay payroll tax on the first $110k or so of income....
Violent Lime Corner
  10/25/14
What is AMT?
Greedy spruce affirmative action
  10/25/14
alternative minimum tax
Mauve casino windowlicker
  10/25/14
So what is the effective rate look like for a partner bringi...
narrow-minded dull stage gaming laptop
  10/25/14
as i explain below, it depends on whether your'e a tax bigla...
alcoholic burgundy indian lodge
  10/25/14
it is widely known that the average biglaw tax partner's eff...
alcoholic burgundy indian lodge
  10/25/14
How
fragrant mustard liquid oxygen volcanic crater
  10/25/14
Lol
chartreuse flatulent spot
  10/25/14


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Date: October 25th, 2014 11:48 AM
Author: lemon gay wizard

Is your effective tax rate higher because of payroll taxes and others, or is it balanced out by some tax saving measures.

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26582737)



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Date: October 25th, 2014 11:20 PM
Author: Violent Lime Corner

You only pay payroll tax on the first $110k or so of income. What gets you is the AMT.

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587304)



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Date: October 25th, 2014 11:21 PM
Author: Greedy spruce affirmative action

What is AMT?

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587309)



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Date: October 25th, 2014 11:21 PM
Author: Mauve casino windowlicker

alternative minimum tax

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587318)



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Date: October 25th, 2014 11:24 PM
Author: narrow-minded dull stage gaming laptop

So what is the effective rate look like for a partner bringing home 1 mill?

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587344)



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Date: October 25th, 2014 11:29 PM
Author: alcoholic burgundy indian lodge

as i explain below, it depends on whether your'e a tax biglaw partner or not. tax partners have a 4% etr.

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587383)



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Date: October 25th, 2014 4:12 PM
Author: alcoholic burgundy indian lodge

it is widely known that the average biglaw tax partner's effective tax rate is around 4%.

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26584226)



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Date: October 25th, 2014 11:34 PM
Author: fragrant mustard liquid oxygen volcanic crater

How

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587448)



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Date: October 25th, 2014 11:36 PM
Author: chartreuse flatulent spot

Lol

(http://www.autoadmit.com/thread.php?thread_id=2709075&forum_id=2#26587459)