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I consider myself as a regular person and I am hit by the highest bracket and my take home is like 55% of what I make. This severly inhibits the projects I deve
by intricatedetail 6y ago
I consider myself as a regular person and I am hit by the highest bracket and my take home is like 55% of what I make. This severly inhibits the projects I develop. It is supposed to make the rich pay more but they have ways around it and most pay themselves in dividends which are taxed differently (surprise surprise) or just use offshore cards.
- DetroitThrow 6y agoWell, if you're actually not upper middle class and at the top of the bracket then I'm wondering how you came to the conclusion a more regressive tax graduation would help more regular people, rather than a more progressive scheme and closing tax avoidance loop holes like you seem to describe as the problem. That being said, it sounds like you're the upper "middle class" everyone here is describing since it's really the very rich that have the option to pay themselves in things like dividends in most countries (though this may be a miscommunication). 55% isn't bad most places outside of the US actually, where do you live precisely?