Mach
DP Veteran
- Joined
- Oct 13, 2006
- Messages
- 27,745
- Reaction score
- 24,087
- Gender
- Male
- Political Leaning
- Slightly Liberal
Are you kidding me. By the time I get done paying all my taxes I have lost half my income. I pay so many taxes I can't even keep track of all of them. One day I will sit down and start a ledger but it does not end with FICA. That is just the tip of the iceberg. You might as well consider health care a tax now that it is mandatory.
50%? Come on. Where do you live? Is that State Tax?
Effective Federal Tax Rates
90% of people end up paying 20% or less.
50% of people pay just 13.5% or less.
Maybe you're that sweet spot of being in California, and you make enough to be in the top 1%, but not enough to be earning most of your income via capital gains...in which case you're just an outlier when it comes to tax policy.