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On the other hand, a tax cut helps a husband and wife working 60 hour weeks each, who barely have time for each other, in order to pay for the mortgage, health
by joshuaheard 9y ago
On the other hand, a tax cut helps a husband and wife working 60 hour weeks each, who barely have time for each other, in order to pay for the mortgage, health insurance, and try and save for retirement, and pay over 60% of their money to the government (40% fed tax, 14% state tax, 10% sales tax).
- dlp211 9y agoIf some family is taxed at those rates, they don't need a tax cuts because they are pulling a 7+ figure income. For reference, I make close to $200k and my effective federal tax rate including FICA taxes was 16%.
- Tostino 9y agoWhat are you even talking about... Who pays a 60% tax rate?
- jwlato 9y agoYou're claiming that 40% of their total earnings are lost to federal tax? In this example, what types and how much income are you proposing? Doesn't seem realistic to me.