@TehBamski to ExMormon English • 8 months ago9 Years ago, one of my good buds who was still practicing Mormonism, posted this to FB and I still can't wrap my head around how the hell he honestly thought this was true.i.imgur.comimagemessage-square6arrow-up148arrow-down15
arrow-up143arrow-down1image9 Years ago, one of my good buds who was still practicing Mormonism, posted this to FB and I still can't wrap my head around how the hell he honestly thought this was true.i.imgur.com@TehBamski to ExMormon English • 8 months agomessage-square6
minus-square@[email protected]linkfedilinkEnglish10•8 months agoThe highest tax rate on income is 37%. The effective tax rate of the people who have income in that bracket is significantly lower.
minus-square@[email protected]linkfedilinkEnglish1•8 months agoYou’re only considering federal income tax. There’s also state income tax, sales tax, property tax, social security, and other state taxes. It’s nearly 50% in many cases.
The highest tax rate on income is 37%. The effective tax rate of the people who have income in that bracket is significantly lower.
You’re only considering federal income tax. There’s also state income tax, sales tax, property tax, social security, and other state taxes. It’s nearly 50% in many cases.