15 ms·
I'm right there on that line. Honestly I pay a TON of taxes already. Very high rate, lots of taxable income. Cutting back to be under 250k would probably mak
by modoc 17y ago
I'm right there on that line. Honestly I pay a TON of taxes already. Very high rate, lots of taxable income. Cutting back to be under 250k would probably make more sense than making 255k and paying a lot more in taxes.
I don't mind taxes and social programs. I do mind paying for unending wars in the Middle East (not making a political statement, just a budgetary one). Cut some of the crazy expenses, and I'll be happier paying my taxes, and you probably won't even have to jack them up.
- Eliezer 17y ago> Cutting back to be under 250k would probably make more sense than making 255k and paying a lot more What kind of job do you have that makes >$250K and doesn't require you to understand how income taxes work? I'm skeptical.
- modoc 17y agoMy bad. I was confused. Actually I have my companies accountants handle all the taxes, so I don't have to keep much awareness of how income taxes work. I probably should, but I don't need to, since I pay them to do it:)
- gnaritas 17y agoSeriously man, that's not how taxes work at all. You can't take home more by making less. 255k will have more take home than 250k even if the marginal tax rate was 99%.
- maximilian 17y agoIf you make $255K, you only get a higher tax rate on the extra $5K. You'll still have more money than someone making $249K. No matter how you slice it, more money = more money. The gov't just will tax you a bit extra on the 5K.
- modoc 17y agoThat makes sense, sorry, I wasn't keeping in mind the progressive bracket system:(
- encoderer 17y agoIf you make nearly $250k and do not understand even the basic progressive income tax system in this country, then I just don't know where to begin...