![Anon on Taxes [1440x2065 - 387KB]](https://pic8.co/sh/FjIUld.png){kind=link}
Income tax is bullshit, but nobody in the United States pays anywhere close to 50% income tax. The top MARGINAL rate is 37% on income over $518,400, not on all of the income ... just the income over $518,400.
If your taxable income was $600,000, you don't pay $222,000 in income tax. It doesn't work that way. You pay 24% on income up to $163,300; 32% on income between $163,301 and $207,350; 35% on income between $207,351 and $518,400; and 37% on the rest. In total you pay $192,347.15, which is 32%.
That's not including child tax credits, mortgage interest deductions, property tax deductions, state and local tax deductions, education expense credits, etc.
Between income tax, social security ill never collect as a 38 year old millennial, and fed mandated health insurance i pay easily > 30-40% of my income. This is a shell game of if we just call these things something else they are not an income tax. They even tax us twice on these income taxes and everyone is just supposed to take it. Nobodys buying the bullshit. Were gonna burn the motherfucker down now boomer.
You pay way more than that. Don't forget the hidden imbeded tax in all items that is 20-25% of final cost. You don't see it because it's charged at every level from resource collection, production, transportation and store sale. They pay it, then raise the price to cover it. They steal probably close to 60% from around everyone.
You can get close to 50% income tax in states like California which have a state income tax on top of the federal income tax.
No you can't. That same person making $600,000 a year in California would pay $58,349 in state income tax, bringing their total tax to 41.8%. Keep in mind that's taxable income which is never the same as gross income.
A more typical middle class family with two kids earning around $100k in California would pay about $5,832 in Federal income tax and $2150 in state taxes, for a grand total of 8%.
there's also the 7.5% FICA on the 1st $130K, and the additional .9% if wages exceed $200K. I understand these aren't 'income taxes' per se, but they are deducted from wages and in the eyes of the W2 employee, it's all tax withheld
around $100k in California would pay about $5,832 in Federal income tax and $2150 in state taxes, for a grand total of 8%.
I really doubt that. Not in california, but I don't know a single person paying that low of a rate, kids or no kids.
You are only talking about "direct" taxes. don't forget all the hidden tax in the price of everything. 20-25% of the final cost is that hidden tax. Even on food.
You can break it down a million ways to try and justify but its still unconstitutional and wrong no matter how you look at it
Of course it is, but when you argue against bullshit with lies you give those jews ammunition to attack your position.
I pay 35% right off the hop if I want to work self employed. Another 30% if I want Workers Compensation. Then I get to pay 5-13% tax on anything I buy. There is very little I could spend my money on without being taxed at minimum 40%.
I pay 35% right off the hop if I want to work self employed.
Then you make more than $600,000 or so, because even someone making $600,000 pays 32% for income tax, and another 1% for FICA.
Wrong....and you are defending this way too much. Self employed they take over 30% total even if you don't make a lot. Then all the other taxes you pay they end up with well over 50%.
Thanks for clarifying, that makes me feel sooooo much better about my shackles.
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