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Give more to charity and you won't have to pay thousands.
Can you give enough to charity to equate to $0?
OP, the difference of taxation is often the difference between corporate and individual... not unlike earning taxable income through salary vs investments.
Look at the tax calculator and chart I posted. There's no way a $75,000 single no dependents income earner pays a 35% effective tax rate in local, state, and federal taxes. You're severely MISinformed. How did that happen?
Lol. You need to be careful with what you post. According to your OWN link (tax calculator), the TOTAL tax burden is estimated at 33% (I plugged in Dallas, TX, so no state income tax). So, that's already pretty close to the 35% number. And then, the property tax burden is very much underestimated for the area.
Here's property tax for the Miami area.. Looks like to me you'd pay over $2000 alone on that if you owned a property around 200-220K a year.. Add in sales taxes, Add in taxes from possible capital gains taxes too.. And you are telling me we don't pay around 35% before its all done...
County Median Home Value Average Effective Property Tax Rate
Martin $209,700 1.04%
Miami-Dade $221,100 1.12%
Yes. Do you even know how to calculate percentages?
Ugh, shareholders and purchasers of bonds provide the risk capital for companies, private, public, large and small. Not consumers, unless of course, they happen to be shareholders or purchasers of corporate bonds. Coincidentally, many pension plans provide risk capital in this way, benefitting the pensioners.
Where do you get such a warped misunderstanding of corporations?
Quote:
Originally Posted by Goodnight
I didn't see any of these corporations pass back the tax cuts to consumers, or does that only work one way. Looks like all the savings went into stock buybacks and executive pay, nothing new.
Lol. You need to be careful with what you post. According to your OWN link (tax calculator), the TOTAL tax burden is estimated at 33% (I plugged in Dallas, TX, so no state income tax). So, that's already pretty close to the 35% number. And then, the property tax burden is very much underestimated for the area.
I plugged in Dallas, TX for a single tax filer earning $75,000. Didn't get anywhere near a 35% federal effective tax rate, which IS in fact the OP topic: federal taxes.
I plugged in Dallas, TX for a single tax filer earning $75,000. Didn't get anywhere near a 35% federal effective tax rate, which IS in fact the OP topic: federal taxes.
But its not about FEDERAL Taxes for us as individuals.. We have many other forms of taxes you are conveniently ignoring
And you act like we are all dumb.. maybe you should read posts better
I didn't understand that, either, until I finally accepted the fact that many Americans just aren't very bright. /sigh
Yep. I used the formula today in fact.
I mean seriously, not only do we have a nation of uneducated morons but they feel their uninformed opinions are as valid as hard scientific fact.
In this thread, they are the same people that rage about people denying climate science but yet hypocritically when it comes to math or economics suddenly think they have even a tiny clue.
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