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$200k puts you in the top 5% of earning, FYI.
by g15jv2dp 2y ago
$200k puts you in the top 5% of earning, FYI.
- INTPenis 2y agoInteresting because in Sweden there is a turnover limit of around 284k USD/year for using their simplified tool for financial statements. Which covers most sole-proprietors who have 1-2 contracts, like myself.
- pessimizer 2y agoSo 20 million people then.
- g15jv2dp 2y agoNo, it's probably closer to about 12 million people (children don't usually declare income).
- bagels 2y agoWhy does that mean they should be excluded?
- g15jv2dp 2y agoThere are special taxation concerns for high income individual. Dealing with these would have certainly delayed the launch of the service. I'd rather have the service launch now for 95% of people and have coverage improve over the years, than have it launch in several years (or possibly never) for 100% of people. Besides, if you're in the top 5% of income, you can afford a CPA.
- surajrmal 2y ago17% in California though,and probably even lower if you look at specific counties near cities. Income is relative.