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A comment on Interview with Jeff Atwood, Co-Founder of Stack Overflow. Parent comment
Some back of the envelope calculations would put the effective rate for tax+soli+church at ~25%. Add another 20% for social security to make that 45%.
The marginal rate would be something like 42% tax + 5.5% soli * .42 + 8% church * .42 ~= 47%
The socials include pension+unemployment+healthcare+long-term-care
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Some back of the envelope calculations would put the effective rate for tax+soli+church at ~25%. Add another 20% for social security to make that 45%.
The marginal rate would be something like 42% tax + 5.5% soli * .42 + 8% church * .42 ~= 47%
The socials include pension+unemployment+healthcare+long-term-care