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Re:Alphabet Q1 2018 Earnings [pdf]
by Rebelgecko on Monday April 23, 2018 @05:44PM
(#16907732)
Could be lying, or maybe they contribute 12% to their 401k, or pay for daycare with pretax dollars, or have an HSA and an IRA, etc. There's lots of causes for taxable income ≠ salary- there's no need to make baseless accusations
Re:Alphabet Q1 2018 Earnings [pdf]
by liveoneggs on Monday April 23, 2018 @10:04PM
(#16909290)
daycare max is only $5000
Re:Alphabet Q1 2018 Earnings [pdf]
by Rebelgecko on Monday April 23, 2018 @10:20PM
(#16909366)
Yeah. Although when I looked at the math[1] it's a moot point since if you make $100k/year you're only paying 15% _without_ any of those mitigations.
[1] https://www.forbes.com/sites/kellyphillipserb/2018/03/07/new...
>You are lying.
No, I'm not. Do the calculations yourself.
https://www.calcxml.com/calculators/trump-tax-reform-calcula...
I get that it's hard to believe at first how insane this new bill is. I was in absolute disbelief when I first did the numbers.
A single person earning $100,000, claiming the standard deduction, will have a total federal tax liability of $15,410 for 2018, or an effective rate of 15.4%.