2 ms·
No, marginal rates don't even go that high. Once you include sales taxes (which are 12% in a jurisdiction not far from my home) and property taxes (which aren'
by slumdev 5y ago
No, marginal rates don't even go that high.
Once you include sales taxes (which are 12% in a jurisdiction not far from my home) and property taxes (which aren't taken against income but are still taxes), it's not hard to get to a 50-60% total tax burden (across all tax authorities).