3 ms·

I'm solidly middle class, and the 10% burden is really painful. Remember that is also counts against the $10k salt deduction federally. As it is, I pay well ove

I'm solidly middle class, and the 10% burden is really painful. Remember that is also counts against the $10k salt deduction federally. As it is, I pay well over the salt threshold in income alone, making all property tax unwriteoffable. The other thing income tax disallows is tax avoidance through nonconsumption. I have to pay it all regardless of how much I consume, which I try to keep low. It also means that my adjusted wages per hour are lower. Spent 70 hours a week on a pressing project? Congrats, you don't get paid OT so not only is your hourly wage lower, but your taxes per hour are disproportionately higher.

babypuncher 3y ago
10% appears to be the tax rate for the upper classes. I make $110,000/year and my tax rate would only be 7%, barely up from the 5% I pay in my current state. But I end up paying 8.5% sales tax on just about everything I buy, so at worst it's a wash.
- hellojesus 3y ago
  Bracket (Single)/(Couple) | Marginal Tax Rate $0+/$0+ | 5.00% $3,550+/$7,100+ | 7.00% $8,900+/$17,800+ | 9.00% $125,000+/$250,000+ | 9.90% The marginal rate is 9% starting at your dollars above $8,900 single or $17,800 married. Yes, I rounded to 10% in my statements. Even low income earners relative to the median are taxed astronomically in Oregon. It is simply not a progressive policy. It is a painful policy at best.