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Whose taxed the most in the USA are high income wage-earners. People with a lot of wealth, invested, won't be taxed (as a percentage of their income) all that much.
You are obviously very ill-informed. The top 400 US 1040 tax filers (minimum income $126.8 million), even with all the write offs and deductions they can supposedly take still pay an average effective federal income tax rate of 23.13%. https://www.irs.gov/pub/irs-soi/14intop400.pdf
In direct contrast, a $100,000 earner pays an average effective federal income tax rate of 17.84%. That's a pretty big difference.
Both of my millennial kids are earning over $100k. STEM degrees. They planned ahead for a career instead of spending their college years gazing at their navels and racking up tens of thousands of dollars in student loan debt like millions of other millennials. /shrug
100k doesn't really give anyone bragging rights anymore unless they are in some notoriously low income state like Mississippi. Police Officers in Santa Clara California average 157k and Firefighters in Contra Costa County average 170k. Neither require a STEM degree or graduate school
100k doesn't really give anyone bragging rights anymore unless they are in some notoriously low income state like Mississippi. Police Officers in Santa Clara California average 157k and Firefighters in Contra Costa County average 170k. Neither require a STEM degree or graduate school
What always amazes me is the magical thinking so many have about income in the US, like "$100K doesn't really give anyone bragging rights unless they're in some notoriously low income state like Mississippi".
If you don't wish to follow the links, MFI is a bit over $61K while MII is around $32K, or the magical $15/hour that's been whined about in this thread.
Maryland, the wealthiest state in the US, has a MFI of just under $79K.
You are obviously very ill-informed. The top 400 US 1040 tax filers (minimum income $126.8 million), even with all the write offs and deductions they can supposedly take still pay an average effective federal income tax rate of 23.13%. https://www.irs.gov/pub/irs-soi/14intop400.pdf
None of this means anything, break-down their income for me.
Quote:
In direct contrast, a $100,000 earner pays an average effective federal income tax rate of 17.84%. That's a pretty big difference.
Less sloth in Japanese and European unions. American union workers are notorious for their lack of productivity. See the teachers union example in my prior post.
Not just union workers. Ask anyone who tries to hire. The majority of Americans are lazy. 50 years ago, I worked 16 hour days, 6 days a week and sometimes seven, to make a business successful. Now, I can't find a person willing to work hard for 8 hours, five days a week.
What always amazes me is the magical thinking so many have about income in the US, like "$100K doesn't really give anyone bragging rights unless they're in some notoriously low income state like Mississippi".
If you don't wish to follow the links, MFI is a bit over $61K while MII is around $32K, or the magical $15/hour that's been whined about in this thread.
Maryland, the wealthiest state in the US, has a MFI of just under $79K.
Yes, it depends on where you live. You can still buy a decent 3 br house here for $50,000. We just bought a nice older 2 br for $40,000 on an acre in town, and it was move-in ready. With good credit and a small down payment, house payments are less than $300 a month.
Stop blaming young people. The truth is, the American economy is no longer all that. It used to be you can get a BA in anything and land a high paying job in the USA (back in the 50s, 60s). Now, since everyone goes to college, those degrees no longer mean anything.
You got a job with your degree back in the day because you had less people going to college. Today it's a different story because you have a much larger number of graduates, therefore you have more competition in the market.
At the end of the day it's all about demand and supply. My advice to anyone who wants a degree is to avoid private universities unless you're a genius that is going to fly on scholarships, and pick something that is going to make you money, STEM fields usually do well, everything else is a risk for most part.
Yes, it depends on where you live. You can still buy a decent 3 br house here for $50,000. We just bought a nice older 2 br for $40,000 on an acre in town, and it was move-in ready.
Even the materials should cost more but then in the USA, many of the houses are built from drywall..... Something that shocked me when I first saw it.
Even the materials should cost more but then in the USA, many of the houses are built from drywall..... Something that shocked me when I first saw it.
My house has plaster walls and was built in 1910. Nothing wrong with drywall either.
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