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Topic	If you make 120k+, 50% of your income (at least) should be taxes
Dynalo 04/27/18 12:35:04 PM #7:	XlaxJynx007 posted... I don't think anyone's taxes should exceed 30% and I think even that's too much In this tiered system, you'd have to make a pretty large amount to actually hit a 30% tax rate. Say you make 150k 20k - 0 in taxes 20-30k - 1500 in taxes 30-50k - 4000 in taxes 50-75k - 6250 in taxes 75-100k - 7500 in taxes 100-150k - 17500 in taxes Net total: 36,750 in taxes, or 24.5%, even though you're currently in the "35%" tax bracket. Even bumping it up to 200k, you're still only at roughly 28%. --- Assassins do it from behind. <cite>Dynalo posted [p:900401286] in If you mak... [t:76557391]...</cite> <quote><cite>XlaxJynx007 posted...</cite> <quote>I don't think anyone's taxes should exceed 30% and I think even that's too much</quote> In this tiered system, you'd have to make a pretty large amount to actually hit a 30% tax rate. Say you make 150k 20k - 0 in taxes 20-30k - 1500 in taxes 30-50k - 4000 in taxes 50-75k - 6250 in taxes 75-100k - 7500 in taxes 100-150k - 17500 in taxes Net total: 36,750 in taxes, or 24.5%, even though you're currently in the "35%" tax bracket. Even bumping it up to 200k, you're still only at roughly 28%. --- Assassins do it from behind.</quote> ... Copied to Clipboard!
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