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Thats specifically only income tax. At under $117k, people are paying 12-13% in social security; at the high end it approaches 0% thanks to the hard ceiling. I
by thedufer 13y ago
Thats specifically only income tax. At under $117k, people are paying 12-13% in social security; at the high end it approaches 0% thanks to the hard ceiling. Its kind of disingenuous to compare taxation on high earners vs average but ignore regressive taxes.