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One of the many quaint beliefs the Left has about the US is that it's a relatively low-tax country
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Wrong move to assume what 'most of you'... etc think or do. The disjointed and dysfunctional way that Americans pay taxes causes people in some states like California or New York to pay a lot in overall taxes, and to receive a lot less in return from their local, state, and federal governments. Is this in dispute?HHusky said: -
The irony is that the blue states have strict limits on the deductibility of the federal income tax on their state income tax returns. So, if you are in the top income tax brackets and earn an additional $100,000 of income you pay your federal income tax of approximately 40%. That leaves you with only $60,000 in cash. Then you file your state income tax return and have to pay state tax on the full $100,000 or 13.3% in Cali. So, you now have $46,700 of cash after federal and state taxes. So, the blue state dems are arguing that you should be able to deduct the full $13,300 on their federal income tax returns because you don't have the cash and it's unfair to pay federal income tax on cash you don't have. They completely ignore the much larger problem is that you have to pay state income tax on the money you send the feds. Phuck em.RaceBannon said:
@CirrhosisDawg cried like a bitch when Trump took his SALT exemption awayWestlinnDuck said:
In California federal and state tax rate on wealthy marginal taxable income is over 50%. Toss in property taxes and sales taxes and you think they are undertaxed. For some reason, wealthy democrats in Cali aren't voluntarily paying their fair share but need to do so at gunpoint. Just like leftards everywhere.HHusky said:We've sure got an awful lot of hypothetically highly taxed folks here. Short on details, though.
Biden gave it back
Rather than blame the state for high taxes rich Californians want poor folks in other states to pick up the slack
A lot like H - I won't pay more but you should -
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.HHusky said:
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates.
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We are seeing the dazzler's expertise in another field on full display once again.MikeDamone said:
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.HHusky said:
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates. -
Can I get a what what for some property taxes, sin taxes on booze/smokes and oppressive sales tax too?!?!MikeDamone said:
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.HHusky said:
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates.
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Car tabs, tax on your sewer,water, natural gas electric, phone, Internet, TV, gasoline…..PurpleThrobber said:
Can I get a what what for some property taxes, sin taxes on booze/smokes and oppressive sales tax too?!?!MikeDamone said:
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.HHusky said:
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates. -
Pete Holmes, most recent city attorney for Seattle, was asked why crime was going up in Seattle. He said 'More taxes will fix it'. Same answer lefties always give. And then they try to say that taxes are low, so why complain about a tiny little bit more. Those motherfuckers.
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Did anyone actually go look at their effective rate of taxation?
You girls are great at telling me what someone could pay. -
I notice you completely ignored my other comment. Real head scratcher as to why.HHusky said:Did anyone actually go look at their effective rate of taxation?
You girls are great at telling me what someone could pay. -
Hotel rooms. Airport fees.MikeDamone said:
Car tabs, tax on your sewer,water, natural gas electric, phone, Internet, TV, gasoline…..PurpleThrobber said:
Can I get a what what for some property taxes, sin taxes on booze/smokes and oppressive sales tax too?!?!MikeDamone said:
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.HHusky said:
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates.
WEED!!!!!
