Re:Twitter CEO fires two top executives, freezes hiring
by seanmcdirmid on Friday May 13, 2022 @10:52AM
(#31368438)
> These are people that get taxed at 55% (top california income + top federal income + additional taxes).
Since income taxes are graduated, there is literally no one that pays 55%. Instead, you just approach that rate as your income rises (and never reach it since your front income is taxed at lower rates).
Since income taxes are graduated, there is literally no one that pays 55%. Instead, you just approach that rate as your income rises (and never reach it since your front income is taxed at lower rates).