Re:Open Insulin Foundation
by pedrosorio on Friday July 16, 2021 @02:43PM
(#27859689)
> Your Taxes are insane high for medium wage workers
A single person earning $200k in the state of Washington pays ~$52.5k in federal income tax and social security. An effective tax rate of 26%. Is that insanely high?
You may want to update your idea about what is a medium wage worker:
https://www.statista.com/statistics/203183/percentage-distri...
Re:Open Insulin Foundation
by pedrosorio on Friday July 16, 2021 @11:06PM
(#27863296)
I am well aware $200k is nowhere near the median wage.
The person I replied to wrote “How is anyone ever supposed to climb the ladder like that?”. Seeing as no one is “climbing the ladder” from earning a median wage their whole life, I looked at the tax rate for an “upper middle” wage salary (which anyone can earn even if their parents had 0 wealth).
Since tax rates for a median salary are much lower than this, I am not sure how it contradicts my point.
Your Taxes are insane high for medium wage workers and practically non-existent for the wealthy. How is anyone ever supposed to climb the ladder like that?