Re:Please Don't Show Us Another “Typical Family Earning $270...
by TheCoelacanth on Friday December 22, 2017 @05:05PM
(#15991287)
That's simply not true. Every single worker no matter how poor pays a 7.65% federal tax on all of their wages below $127k.
Re:Please Don't Show Us Another “Typical Family Earning $270...
by joshuaheard on Friday December 22, 2017 @04:01PM
(#15990857)
On the other hand, a tax cut helps a husband and wife working 60 hour weeks each, who barely have time for each other, in order to pay for the mortgage, health insurance, and try and save for retirement, and pay over 60% of their money to the government (40% fed tax, 14% state tax, 10% sales tax).
Re:Please Don't Show Us Another “Typical Family Earning $270...
by dlp211 on Friday December 22, 2017 @04:25PM
(#15991051)
If some family is taxed at those rates, they don't need a tax cuts because they are pulling a 7+ figure income.
For reference, I make close to $200k and my effective federal tax rate including FICA taxes was 16%.
[1] As an aside, people rightfully rip on military spending waste a lot, but it is still a decently functioning jobs program.