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> As soon as you have enough money to afford it, you'll pay a tax lawyer to get that down to about 15% or something You need a lot of money before that's an op
by humanrebar 10y ago
> As soon as you have enough money to afford it, you'll pay a tax lawyer to get that down to about 15% or something
You need a lot of money before that's an option. By that point, you have enough to be one of those citizen-of-the-world globe-trotting types with vacation homes that double as convenient tax shelters.
That is to say, the American middle class pays quite a bit in taxes. Even the poor working class pay a flat 12.4% in payroll taxes, maybe 7-8% in sales taxes (depending on locality), and varying amounts in service taxes (fees, tolls, etc.). That's assuming they make too little to pay income tax.
- rayiner 10y agoWorking poor also get the earned income tax credit which mostly offsets their payroll taxes.
- lostboys67 10y agoWhich is a subsidy for low wage employers