November 2, 2012 at 8:22 pm
#775522
Bostonman
Member
Meg, that is taxes paid in relation to total taxable income. Because of tax laws the true calculation should be on income earned in the US. Under that scenario you would get closer to Skeeter’s number.
If all cash was brought back into the US then that rate would be higher. I am trying to find out if it includes SSI and Medicare. My guess is no since this is federal tax liability. I am going to try and find the answer for sure.