The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31238
Likes: 52877


There are no high middle class or even low upper class people who pay >30%


effective federal rates. Here are some simplified tax calcs (just assuming the standard deduction and not including any child tax credits) for a household filing jointly with $100K, $250K, $500K, and $1M of income. Only the $1M household is over 30% at the federal level, but you can't remotely argue that household is middle or low upper class. Even at $500K of income, the effective rate is below 30%.


(In response to this post by HoodatB)

Posted: 01/18/2023 at 11:20PM



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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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