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Here's an article that shows that in several states the total income tax rate will meet or exceed 50% http://townhall.com/tipsheet/kevinglass/2012/12/06/study_5
by elfinlike 14y ago
Here's an article that shows that in several states the total income tax rate will meet or exceed 50% http://townhall.com/tipsheet/kevinglass/2012/12/06/study_50_tax_rates_coming_for_california_and_new_york http://townhall.com/tipsheet/kevinglass/2012/12/06/study_50_...
- eli_gottlieb 14y agoThat's not income tax. That's income tax added to payroll taxes added to capital gains taxes added to dividend taxes. If you're making enough money from dividends and capital gains that you have to pay taxes on them, great! Pay your fucking taxes and don't complain, because most of us don't have investments at all outside our retirement accounts. Ha, that's if we're even fortunate enough to have proper retirement accounts! And payroll taxes are more or less flat, or even regressive, yeah. I say all this as someone who already looked at his paychecks once and found that after all the income and payroll taxes came out I was only getting 2/3 my nominal salary in take-home pay. You know what that taught me? Negotiate for net salaries. You know what it didn't teach me? To complain about how a fortunate person like me has to pay into society to get the public sector out of debt and enable it to afford to help society again.