News for hackers. Stuff that matters.

A comment on Kiel Institute Analysis: US Americans pay 96% of tariff burden. Parent comment

Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by dominicrose on Monday January 19, 2026 @12:02PM (#46681438)
I don't "like" taxes I just think that people are more generous when they are obliged to be. It won't make them generous on top of the taxes but at least they'll pay the damn taxes. I live in France where the taxes are much higher than in the US. It's annoying but there are clearly some advantages and we are adapted to a more humble lifestyle, which is fine.
[ Parent | on HN ]
Re:Kiel Institute Analysis: US Americans pay 96% of tariff b... by andsoitis on Monday January 19, 2026 @12:08PM (#46681519)
Top marginal federal income tax rate in the US over time:

2018+: 37%

1993 - 2000: 39.6%

1981 - 1986: between 50% and 28%

1964 - 1980: 70%

1944 - 1963: 91%

1930s: 63 - 79%

1913 (income tax created): 7%

In most, though not all states, there's also State Income Tax. NYC also has a city tax on income.

[ Parent | on HN ]