(December 21, 2021 at 9:52 pm)Helios Wrote: Going back to this comment I think I'll disect it
Quote:Hell, I'm supporting families with kids... might as well claim 80 million.How does this person know a cent of his money has gone to 80 million let alone support the concept he's the one person supporting them?
Quote:I don't even know why I'm workingI imagine it's to make money
Quote:when I get fined 50% in taxes every year from the federal government,Taxes are not a fine they are a social obligation to keep society going. The idea that it's punishment (and I have to ask 50% of how much ?) is absurd
Quote:because I want to work and provide jobs.Considering the rest of this comment I highly doubt that's motivation considering you seem more interested in keeping more money for yourself than either of the above
I'm not sure how tax rates work in the US, but here income is taxed by what amount falls within each bracket. By way of example, the highest bracket is 39% on income over $180 000, but you only pay that rate on the portion of your income above 180k. You pay correspondingly lower percentages on the rest of your income by bracket. The practical result of this is that a person with an income of 180 001 would pay, instead of 70 000, about 50 000.
It may seem high, but, you know, national healthcare.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax