Re:How America's Top 20 Percent Perpetuates Inequality
by mcbruiser3 on Thursday June 01, 2017 @01:48PM
(#14462618)
don't forget massive taxes for anyone in that tax bracket. so yeah, 200-300 can go VERY quickly in places like NY or SF. It's not rich at all and lumping everyone under one scale across the entire country makes ZERO sense.
Re:How America's Top 20 Percent Perpetuates Inequality
by harryh on Thursday June 01, 2017 @02:40PM
(#14463145)
I disagree that lumping everyone in the entire country into the same tax brackets makes zero sense. Living in NY or SF is a luxury good. Just because I choose to partake in a luxury good doesn't mean that I should get a break on my taxes.
https://gist.github.com/harryh/970743e082bc7c9857ac9149997cc...
(I'm going to delete this gist later. Maybe silly but I don't feel 100% comfortable posting this data on the internet forever).
I live a nice life and have nothing to complain about. Last year 40% of my AGI went to taxes (fed, state, local + fica). There are plenty of good reasons to think that number should be higher.