Re:U.S. Marshals Spied on Abortion Protesters Using Dataminr
by adfgionionio on Monday May 15, 2023 @11:40AM
(#35950037)
Stop lying. No one in the US pays a 50% tax rate. The top marginal tax rate is 37%.
And the problem is tax cuts. Decreasing revenue without decreasing spending leads to a larger deficit. I can help you with the math if you need it. The ballooning (pre-Covid) deficit during the Trump administration can be traced directly to tax cuts for the wealthiest Americans.
Re:U.S. Marshals Spied on Abortion Protesters Using Dataminr
by anonymousiam on Monday May 15, 2023 @11:47AM
(#35950148)
It goes higher when you include state taxes, local taxes, sales taxes, SSI taxes, unemployment insurance, SDI, gas taxes, property taxes, etc.
Also, some of the above are paid by both employer and employee, which is an accounting trick to make the taxpayer think he/she is paying less.
Re:U.S. Marshals Spied on Abortion Protesters Using Dataminr
by hiatus on Monday May 15, 2023 @11:49AM
(#35950194)
Most states have income tax too. CA's is 13%.
Re:U.S. Marshals Spied on Abortion Protesters Using Dataminr
by anonymousiam on Monday May 15, 2023 @11:44AM
(#35950104)
Indeed, we haven't had a "budget" in years. Now we have "spending bills" instead.
The issue is an inability to budget. If we doubled tax revenue, we would double spending and increase the deficit further.