Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by drdec on Monday April 05, 2021 @09:27AM
(#26698614)
Everybody forgets about Social Security and Medicare. Writing out the federal marginal rates for the different income brackets with SS and Medicare included is very eye-opening.
[ Parent
| on HN ]
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by bzbarsky on Monday April 05, 2021 @09:32AM
(#26698695)
The other thing people forget are means-tested aid programs each of which is seemingly designed without considering interactions with the other ones. There are various places in the 0-$40k income range where people face >100% marginal rates due to the combination of actual taxes and benefit phaseouts...