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Lol. As I said, it does not change anything significantly, the overall rate is still higher. Btw, you are welcome for the irs tax table, so you know now how taxes are calculated.
As I said you can post whatever charts you like, it's a free country.
So, are you going to explain now how come hedge fund manager earning thousands of times more pays lower rate. I'll wait.
S/He doesn't. You've shown no proof whatsoever that you pay a higher effective federal income tax rate.
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"other taxes", so which ones besides the SSA would you like to remove now? Lol.
I posted a chart that includes them all, for a more complete picture. Take a look...
S/He doesn't. You've shown no proof whatsoever that you pay a higher effective federal income tax rate.
I posted a chart that includes them all, for a more complete picture. Take a look...
Bonus point if you can explain why every income group pays corporate income tax, as shown.
Yes, I did. The example was as simple as it gets.
I just did not realize that kindergarten math could pose a problem. I'll use simpler terms next time.
Again, you posted no proof whatsoever that you pay a higher effective federal income tax rate. It's the same as you saying the moon is made of green cheese and expecting everyone to take your word for it.
Again, you posted no proof whatsoever that you pay a higher effective federal income tax rate. It's the same as you saying the moon is made of green cheese and expecting everyone to take your word for it.
Sorry, but I'll need to charge you if I have to explain the kindergarten math to you yet again.
Yes, I did. The example was as simple as it gets.
I just did not realize that kindergarten math could pose a problem. I'll use simpler terms next time.
No, you did not.
The only way someone is paying a lower rate is that most of the person's income is considered a capital gain, which will be at a lower rate of 15%.
Sorry, but I'll need to charge you if I have to explain the kindergarten math to you yet again.
There's nowhere to apply any math. You've posted no proof whatsoever that you pay a higher effective federal income tax rate. You're just babbling on and on because you know you're wrong, and you're embarrassed. /shrug
The only way someone is paying a lower rate is that most of the person's income is considered a capital gain, which will be at a lower rate of 15%.
You can do the same yourself, you know?
First of all it is 20% (+3.8%) at high enough income.
Second, no, I cannot. See for most people, compensation is subject to regular income tax rates. But apparently some are more equal than others. The discussion was about the carried interest loophole which basically subjects compensation for services to capital gains rates instead of the regular income tax rates. Get it now?
How is this helpful? What's the point of posing this?
I can explain basic math only that many times. I gave you an example how a married filling jointly at 450k income will pay higher effective tax rate than somebody making 1 billion +.
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