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We hear a lot about income taxes, but a majority of people can never predict just the amount income-related taxes they're paying. We're taxed by both our federal government and our state. Considering that the federal government takes the lion's share, I'll look closely at its taxes.

My finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax for 2010 $10,170. My increase for the 10-year plan would pay a visit to $18,357. For the class warfare that the politicians prefer to use, I compare my finances into the median quantities. The median earner pays taxes of the.9% of their wages for the married example and 6.3% for the single example. I pay 11.7% for my married income, is actually 5.8% additional than the median example. For the 10 year plan those number would change to five.2% for the married example, 11.4% for your single example, and about 15.6% for me.

This provides a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us a full taxable income of $76,952.

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