The Soapbox

TomGlansAski

Joined: 12/05/2017 Posts: 30914
Likes: 57021


Your definition of middle class must be nonstandard, because to reach even


A 32% marginal (not effective) rate as an individual, TAXABLE income must exceed $170k. For a married couple, it’s $340k.

Before that, the marginal rate is 24%. And remember:
1) this is after deductions and
2) dividends and cap gains are taxed at 15-20%

I don’t see how your math works.


[Post edited by TomGlansAski at 01/18/2023 8:03PM]

(In response to this post by HoodatB)

Posted: 01/18/2023 at 8:01PM



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Current Thread:
 
  
Taxes are too high in this country for many -- HoodatB 01/18/2023 4:49PM
  The Taxed Enough Already Party welcomes you. -- Hoodafan 01/18/2023 5:22PM
  Where do you cut? -- BocaHoo91 01/18/2023 11:00PM
  You misspelled Kick the Can Down the Road Party ** -- TomGlansAski 01/18/2023 5:23PM
  Yes. But you want the right to focus on this more? -- ryno hoo 01/18/2023 5:00PM
  You mean marginal, right? -- Shenhoo 01/18/2023 4:52PM

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