How much should individuals making $100k-$250k pay in taxes? (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
May 16, 2024, 10:24:00 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  U.S. General Discussion (Moderators: The Dowager Mod, Chancellor Tanterterg)
  How much should individuals making $100k-$250k pay in taxes? (search mode)
Pages: [1]
Author Topic: How much should individuals making $100k-$250k pay in taxes?  (Read 1208 times)
It’s so Joever
Forumlurker161
Atlas Icon
*****
Posts: 15,024


« on: March 21, 2023, 11:41:56 AM »

Tax brackets should have a Cost of Living adjustment but generally should be higher. I won’t go into exact numbers without a strong analysis of the impact on the budget and ofc the contraction of the economy an increase would have. Trying to get a precise number out of users who almost certainly have not conducted such an analysis (including secondary impacts) is frankly stupid.
Logged
It’s so Joever
Forumlurker161
Atlas Icon
*****
Posts: 15,024


« Reply #1 on: March 22, 2023, 11:41:11 AM »

what the f-. you are not taking into account state and federal taxes, mandatory 401k, health insurance, car insurance, student loan payments, etc, etc. that $2800 that you think everyone just magically has laying around after paying the minimum 30% tax rate is so naïve. how old are you? that $2800 is more like $1000 once even more taxes are payed off. in CA it's probably even less.

It is ironic that the strategy of starving public services of budget via low taxes you're advocating would only worsen the visceral fear you express of earning "only" $2800 a month left after taxes.


Anyway, here's my personal proposal:
$0 - $12,500 = 5.0%
$12,500-$40,000 = 7.5%
$40,000-$90,000 = 15.0%
$90,000-$170,000 = 20.0%
$170,000-$400,000 = 25.0%
$400,000-$1,000,000 = 31.5%
$1,000,000-$2,500,000 = 45.5%
$2,500,000-$10,000,000 = 58.5%
$10,000,000-$100,000,000 = 73.5%
$100,000,000-$1,000,000,000 = 81.5%
$1,000,000,000+ = 92.5%

Just plain weird. Why are you devoting 6 tax brackets to the top percentile of earners, and 5 to the bottom 99%?
Since the median income in the US is 70k per household, that places median Americans squarely in your second-lowest "charity" bracket.

Anything above $200,000 a year (top decile) must be heavily taxed to create any quality of public service.
Yeah buddy it doesn’t mean we all should be starving. Some of us climbed the latter and want to make a nice living one day.

People in countries with higher taxes and expansive social safety nets are famously "starving".  Roll Eyes

Or is this satire? I can't fully tell these days sometimes.

It should be noted that in many other countries, especially in Europe, all income levels are taxed quite heavily. And they even have VAT taxes, which we would call… regressive. But the point isn’t about regressiveness.


This debate we’re having in the thread just speaks to a problem regarding American Hyper Individualism. My money. My rights.

In Europe, everyone is taxed heavily. Everyone is treated the same, rich and poor. Everyone benefits.

And the US is doing far better economically than Europe . I would much rather live in an American style society than a European one
I would rather live a healthier and longer life than live in an oversized McMansion and a “nice” car. Different values I guess.
Logged
It’s so Joever
Forumlurker161
Atlas Icon
*****
Posts: 15,024


« Reply #2 on: March 22, 2023, 11:45:23 AM »

what the f-. you are not taking into account state and federal taxes, mandatory 401k, health insurance, car insurance, student loan payments, etc, etc. that $2800 that you think everyone just magically has laying around after paying the minimum 30% tax rate is so naïve. how old are you? that $2800 is more like $1000 once even more taxes are payed off. in CA it's probably even less.

It is ironic that the strategy of starving public services of budget via low taxes you're advocating would only worsen the visceral fear you express of earning "only" $2800 a month left after taxes.


Anyway, here's my personal proposal:
$0 - $12,500 = 5.0%
$12,500-$40,000 = 7.5%
$40,000-$90,000 = 15.0%
$90,000-$170,000 = 20.0%
$170,000-$400,000 = 25.0%
$400,000-$1,000,000 = 31.5%
$1,000,000-$2,500,000 = 45.5%
$2,500,000-$10,000,000 = 58.5%
$10,000,000-$100,000,000 = 73.5%
$100,000,000-$1,000,000,000 = 81.5%
$1,000,000,000+ = 92.5%

Just plain weird. Why are you devoting 6 tax brackets to the top percentile of earners, and 5 to the bottom 99%?
Since the median income in the US is 70k per household, that places median Americans squarely in your second-lowest "charity" bracket.

Anything above $200,000 a year (top decile) must be heavily taxed to create any quality of public service.
Yeah buddy it doesn’t mean we all should be starving. Some of us climbed the latter and want to make a nice living one day.

People in countries with higher taxes and expansive social safety nets are famously "starving".  Roll Eyes

Or is this satire? I can't fully tell these days sometimes.

It should be noted that in many other countries, especially in Europe, all income levels are taxed quite heavily. And they even have VAT taxes, which we would call… regressive. But the point isn’t about regressiveness.


This debate we’re having in the thread just speaks to a problem regarding American Hyper Individualism. My money. My rights.

In Europe, everyone is taxed heavily. Everyone is treated the same, rich and poor. Everyone benefits.

And the US is doing far better economically than Europe . I would much rather live in an American style society than a European one
I would rather live a healthier and longer life than live in an oversized McMansion and a “nice” car. Different values I guess.

I am a fan of American style suburbia
Cool. I am a fan of living.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.033 seconds with 12 queries.