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A comment on Anthony Bourdain on not having debt. Parent comment

Re:Anthony Bourdain on not having debt by the_gastropod on Thursday March 16, 2017 @11:32AM (#13885828)
> my effective tax rate is 50%

For this to be true, your income must be in the realm of $10 Million / year. If that's the case, congratulations—that is phenomenal. But pardon me for not crying you a river ;-)

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Re:Anthony Bourdain on not having debt by rsync on Thursday March 16, 2017 @11:48AM (#13885996)
"For this to be true, your income must be in the realm of $10 Million / year."

No, the threshold is lower than that.

Of course I don't count assessed property tax, since that is based on assets, not income.

But I do count parcel taxes[1] which occur per-parcel, regardless of value. USA + CA + Marin County.

Note, I am not losing sleep over any of this and I don't identify myself as anti-tax, by any means. I just think it's worth considering that a qualitative change in taxation has occurred once you go north of the 40% number.

[1] https://en.wikipedia.org/wiki/Parcel_tax

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Re:Anthony Bourdain on not having debt by the_gastropod on Thursday March 16, 2017 @11:53AM (#13886042)
Ahhh. I'd never ever heard of Parcel Tax. Thanks for the info. I stand corrected!
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Re:Anthony Bourdain on not having debt by kion on Thursday March 16, 2017 @11:44AM (#13885958)
Not if you include CA state taxes and property taxes. You can pretty easily hit 50% somewhere north of 250k, which for a 2 income household in the bay isn't outlandish.
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