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So I can't reply to the people who've replied to my comment, so I'll do it here... The taxes you're proposing are WAY WAY off base here. You're completely cal

So I can't reply to the people who've replied to my comment, so I'll do it here... The taxes you're proposing are WAY WAY off base here. You're completely calculating them incorrectly and overstating the tax burden on people in America. The nominal tax rate may be 28% federal, 6% SS and 3% medicare, but you're disregarding the MASSIVE tax breaks available here - houses are huge tax shields, kids are huge tax shields, getting married is a huge tax shield. Live in a tax-free state (Texas) is like a huge tax shield. For someone making $120,000 that's married, 2 kids, with a house, paying 12-15% federal in taxes is about expected.

wging 13y ago
That's a marginal 28% tax, too. Per https://en.wikipedia.org/wiki/Rate_schedule_(federal_income_tax)#Application https://en.wikipedia.org/wiki/Rate_schedule_(federal_income_..., even without tax breaks a single person making more than $87,850 would only get taxed 28% on the portion of their income above $87,850.
- icedchai 13y ago
  Most people don't live in tax-free states. Many people actually have local taxes (property taxes, city sewer fees, etc, etc) to deal with, also. There's also social security/FICA. When you factor all this in, staying the typical six figure earning is paying 35%+ "in taxes" is not unrealistic.