@[email protected] to politics • 7 months agoHarris proposes raising the corporate tax rate to 28%, rolling back a Trump lawwww.nbcnews.comexternal-linkmessage-square126fedilinkarrow-up11.17Karrow-down17cross-posted to: housing_bubble_2housing_bubble_2news
arrow-up11.17Karrow-down1external-linkHarris proposes raising the corporate tax rate to 28%, rolling back a Trump lawwww.nbcnews.com@[email protected] to politics • 7 months agomessage-square126fedilinkcross-posted to: housing_bubble_2housing_bubble_2news
minus-square@[email protected]linkfedilinkEnglish3•7 months agoFor an individual in 2024 to pay 28% of income in federal taxes, you’d have to make $500,000 according to this calculator.
minus-square@Landless2029link8•7 months agoState plus federal tax tho? Not to mention health insurance and 401k (to replace pensions). Our take home percentage is much lower than a few decades ago. Not to mention cost of living: housing and food.
I feel like I pay that now as a peon.
For an individual in 2024 to pay 28% of income in federal taxes, you’d have to make $500,000 according to this calculator.
State plus federal tax tho?
Not to mention health insurance and 401k (to replace pensions).
Our take home percentage is much lower than a few decades ago. Not to mention cost of living: housing and food.
Or be self employed.