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I'm indifferent to the partisan arguing. However, I've spent most of my life as a self employed business owner. So let's talk about the real high taxes meme tha
by shingen 15y ago
I'm indifferent to the partisan arguing. However, I've spent most of my life as a self employed business owner. So let's talk about the real high taxes meme that nobody ever wants to talk about.
My federal + SECA + state combined tax rate hits 37% at $50,000 per year in income. I have few deductions.
I'd like to see you justify me paying nearly 40% in taxes out of my income starting at $50k per year. And that doesn't count the zillion other taxes I pay throughout the course of existing. That's the thanks I get for trying to start a business and create value in the American economy. I get absolutely drilled by taxation.
- ChuckMcM 15y agoI would love to hear more about this. Did you create a corporation or were you a sole proprietor/owner operator?