My Taxes Went Down!

Discussion in 'The Dungeon' started by kangasj, Feb 1, 2018.

  1. scottn

    scottn Well-Known Member

    The Politicians, who are told what to think by the Lobbyists
  2. dsapsis

    dsapsis El Jefe de los Monos

  3. R Acree

    R Acree WTF

    Well hell's bells, that makes it OK.
  4. ryoung57

    ryoung57 Off his meds

  5. cpettit

    cpettit Well-Known Member

    Looking at my last pay stub of 2018 right now and the total taxes i paid vs my total gross income was 22.953%. Not sure what that means other than someone else has 23% of the money i made last year.

    edit: Funny thing is my health ins pay check deductions total was within $300 of what i paid in taxes. I know i have good insurance but that still seems kind of steep.
  6. beac83

    beac83 10

    BigBird likes this.
  7. Potts N Pans

    Potts N Pans Well-Known Member

    With our tax dollars of course...increase the percentage so they can be in better a position!! Your fair share is when they have it all. :rolleyes:
  8. wood600rr

    wood600rr Well-Known Member

    But the rate continued into the 1970's, never dipping below 70%...
  9. beac83

    beac83 10

    So the 94% rate continued in to the 1970's never dipping below 70%.

    I don't understand.
  10. wood600rr

    wood600rr Well-Known Member

    I meant the "high rate" as referenced in the link: Over the next three decades, the top federal income tax rate remained high, never dipping below 70 percent.

    Basically, if you made $199,000 and your neighbor made $600,000 at that time, your take home income difference based on 30% for the first $200k and 94% for the amount above $200k would be an astounding $18,060.

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