Greta75
Posts: 9968
Joined: 2/6/2011 Status: offline
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quote:
ORIGINAL: Musicmystery US pays far lower taxes than most developed western nations. Americans like to pretend it's not so. It is. I don't see how it is low though. Most of them are paying like 35% to 40% over all isn't it? I guess compared to us. We pay nothing if we make under 30k. After all the subsidies. Then after that, it's just 4%. But for them, I remembered their tax rate, they start taxing people who just makes 6k per annum or something. I can't imagine people earning so little being able to afford taxes. Looking at the other thread about Millionaires leaving Germany, so they are losing money on taxes from high income group! US needs to encourage more rich folks to migrate to the US, and then have less tax loopholes for them, so that, they can use that money to fund their health program! Just googled and look. This is just Federal Tax Rate, and it's damn high! Haven't included their individual state income tax on top of that yet! Since all states are different, hard to calculate that, but that's still alot! $0—$13,250 10% $13,251—$50,400 $1,325 plus 15% of the amount over $13,250 $50,401—$130,150 $6,897.50 plus 25% of the amount over $50,400 $130,151—$210,800 $26,835 plus 28% of the amount over $130,150 $210,801—$413,350 $49,417 plus 33% of the amount over $210,800 $413,351—$441,000 $116,258.50 plus 35% of the amount over $413,350 $441,001 or more $125,936 plus 39.6% of the amount over $441,000
< Message edited by Greta75 -- 4/28/2017 10:41:19 AM >
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