naht those bitching about their taxes on this bored.
You can't claim that the US is a low tax country though, as was the original point of the discussion.
Certainly not low taxed if we consider the imagined rates you all pay.
Still focused only on federal income tax?
No. But most of you start this discussion off by wildly overestimating your effective rate of federal taxation.
Divide line 24 by line 9.
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%.
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?!?!
Car tabs, tax on your sewer,water, natural gas electric, phone, Internet, TV, gasoline…..
The dazzler still won't deal with the all important marginal tax rates. The economy can't expand without investment. As even the dazzler has reluctantly admitted that investment decision are made using the marginal tax rate. The higher the marginal tax rate, the lower the after tax cash flow which generates the after tax rate of return. Then toss in inflation. Inflation brings risk into the investment decision. The more inflation uncertainty, the more risk and the more risk requires a higher rate of return. That's why businesses are leaving California and moving to Texas. Building a new plant in Texas is cheaper and the business tax rate is substantially lower and their in no state personal income tax. When you want to punish profitable US based businesses, they have the alternative of leaving the US, and moving their investment offshore.
The dazzler still won't deal with the all important marginal tax rates. The economy can't expand without investment. As even the dazzler has reluctantly admitted that investment decision are made using the marginal tax rate. The higher the marginal tax rate, the lower the after tax cash flow which generates the after tax rate of return. Then toss in inflation. Inflation brings risk into the investment decision. The more inflation uncertainty, the more risk and the more risk requires a higher rate of return. That's why businesses are leaving California and moving to Texas. Building a new plant in Texas is cheaper and the business tax rate is substantially lower and their in no state personal income tax. When you want to punish profitable US based businesses, they have the alternative of leaving the US, and moving their investment offshore.
The dazzler still won't deal with the all important marginal tax rates. The economy can't expand without investment. As even the dazzler has reluctantly admitted that investment decision are made using the marginal tax rate. The higher the marginal tax rate, the lower the after tax cash flow which generates the after tax rate of return. Then toss in inflation. Inflation brings risk into the investment decision. The more inflation uncertainty, the more risk and the more risk requires a higher rate of return. That's why businesses are leaving California and moving to Texas. Building a new plant in Texas is cheaper and the business tax rate is substantially lower and their in no state personal income tax. When you want to punish profitable US based businesses, they have the alternative of leaving the US, and moving their investment offshore.
Anyone still think the dazzler has an MBA?
Off topic. Start your own thread, Gasbag.
Yeah, when you are demonstrating your complete lack of knowledge regarding effective rates and marginal rates, I'd say "off topic" as a deflection point.
The dazzler still won't deal with the all important marginal tax rates. The economy can't expand without investment. As even the dazzler has reluctantly admitted that investment decision are made using the marginal tax rate. The higher the marginal tax rate, the lower the after tax cash flow which generates the after tax rate of return. Then toss in inflation. Inflation brings risk into the investment decision. The more inflation uncertainty, the more risk and the more risk requires a higher rate of return. That's why businesses are leaving California and moving to Texas. Building a new plant in Texas is cheaper and the business tax rate is substantially lower and their in no state personal income tax. When you want to punish profitable US based businesses, they have the alternative of leaving the US, and moving their investment offshore.
Anyone still think the dazzler has an MBA?
Off topic. Start your own thread, Gasbag.
Yeah, when you are demonstrating your complete lack of knowledge regarding effective rates and marginal rates, I'd say "off topic" as a deflection point.
Yet the topic is effective rates and the wildly exaggerated claims you girls make about them.
Comments
Go fuck yourself.
Do you think we should be paying higher taxes commensurate with spending?
No shit. Essential service indeed.
Fuck off.
Anyone still think the dazzler has an MBA?
Who are you going to believe your lying eyes or what the left tells you?
That’s on you.
In general, we should raise the money we want to spend. And we should raise it from those who have it.
Can't trust my lying eyes