Look through the thread and you will see people showing their work and coming up with similar numbers. 40% was a rough estimate off the top of my head. Figures from a recent paystub of mine: gross income of $2700.80, net income of $1774.41. My deductions are more than just taxes, but regardless that is an effective reduction in pay of %35.31. This is a real life figure that the others may be similarly subjected to, as opposed to the numbers you get out of a calculator.
But it is closer to 4%, while they could easily pay 95%.
Taxes are not the problem. They are necessary for a functioning society. And if other people avoid paying taxes, that means YOU will have to pay more. Because the money will have to come from somewhere.
I’d gladly pay 90% taxes if it meant the rest of my expenses were provided by the government.
In the UK if you earn over £100k you effectively get taxed 60% (using PAYE)
I’d happily pay 75% if it meant public services were actually effective, but we have the double whammy of high taxation and crumbling services - that’s what over a decade of conservative rule does… Here’s to the next 4 years!
Look through the thread and you will see people showing their work and coming up with similar numbers.
I’ve not seen anyone so far in this thread quoting 40% taxes. Looking at
I just pulled my paystub (single income household) and I’m at 37% of income going to taxes and full benefits (including 7% to my 401k) covering my whole family while not making much more than the OP
Look through the thread and you will see people showing their work and coming up with similar numbers. 40% was a rough estimate off the top of my head. Figures from a recent paystub of mine: gross income of $2700.80, net income of $1774.41. My deductions are more than just taxes, but regardless that is an effective reduction in pay of %35.31. This is a real life figure that the others may be similarly subjected to, as opposed to the numbers you get out of a calculator.
I’d be glad if rich people paid 40% tax.
But it is closer to 4%, while they could easily pay 95%.
Taxes are not the problem. They are necessary for a functioning society. And if other people avoid paying taxes, that means YOU will have to pay more. Because the money will have to come from somewhere.
I’d gladly pay 90% taxes if it meant the rest of my expenses were provided by the government.
In the UK if you earn over £100k you effectively get taxed 60% (using PAYE)
I’d happily pay 75% if it meant public services were actually effective, but we have the double whammy of high taxation and crumbling services - that’s what over a decade of conservative rule does… Here’s to the next 4 years!
I’ve not seen anyone so far in this thread quoting 40% taxes. Looking at
I just pulled my paystub (single income household) and I’m at 37% of income going to taxes and full benefits (including 7% to my 401k) covering my whole family while not making much more than the OP