If you earn $50-200k, they you’re in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.
Most people are either sheep, or have given up the fight. That is why anything that requires great change either doesn’t happen, or happens only when something impactful affects them personally. ‘Look over there…Netflix!’
Part of the problem is that we, the people, don’t get to determine the requirements. Our elected representatives do, and wouldn’t you know it - corporations pay them off to siphon money to the richest among us and give us nothing in return. Legalized bribery is the bread and butter of American politics, it’s why things are so incredibly corrupt here and why we’re living in an oligarchy, not a democracy.
I am guessing that not too many pay over 30% then? Also that this is in brackets, so that only the amount over certain point is taxed higher?
I am still surprised that taxes can be so high, and people require so little for it!
If you earn $50-200k, they you’re in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.
Most people are either sheep, or have given up the fight. That is why anything that requires great change either doesn’t happen, or happens only when something impactful affects them personally. ‘Look over there…Netflix!’
Part of the problem is that we, the people, don’t get to determine the requirements. Our elected representatives do, and wouldn’t you know it - corporations pay them off to siphon money to the richest among us and give us nothing in return. Legalized bribery is the bread and butter of American politics, it’s why things are so incredibly corrupt here and why we’re living in an oligarchy, not a democracy.