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2020 Presidential election

I think there should be % caps on salary, bonuses, and stock that executives can make. Think that would be a good starting point to make things more equitable.
 
silesian said:
24% fed (up to $157k)
6.2% fica
5% state
1.45% Medicare

under 38%

in Cali state tax is 12%, which takes you to ~45%. But that is not a federal issue.

Also, not sure why you would include sales tax since no one is being forced to buy taxable goods with marginal overtime pay.
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No reason for you to assume you know so much. The IRS required 37.3%, and it doesn't stop with the IRS. I find a 50% rate ridiculous, and so would most of you if your effective tax rate on your main employment was equally high.
 
idestroyedthetoilet said:
No reason for you to assume you know so much. The IRS required 37.3%, and it doesn't stop with the IRS. I find a 50% rate ridiculous, and so would most of you if your effective tax rate on your main employment was equally high.
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There is nothing special about what I know. I know the federal tax rates, they are common knowledge and established by law.

Rates are 37% for income over ~$550k. No one pays 37.3% federal.

So yeah, I’m totally calling BS.
 
fishonjazz said:
Well, person A and person B led very different work lives and different quality of lives so I say yes they should be taxed differently.

Overtime sucks. Working tons of hours sucks but some of have to do it while some of us don't.
I think those that are unfortunate enough to have to work tons of overtime could use a reward.


Sent from my ONEPLUS A6013 using JazzFanz mobile app
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I respect your opinion. I like taxes to be kept simple.
 
silesian said:
There is nothing special about what I know. I know the federal tax rates, they are common knowledge and established by law.

Rates are 37% for income over ~$550k. No one pays 37.3% federal.

So yeah, I’m totally calling BS.
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You're way too daft to figure it out even if I held your hand across this street, which I'm not going to do. I paid 37.3%, cupcake.
 
silesian said:
knives are coming out against Bernie. I don’t think it is over.
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It's over. The more they attack Bernie the more people like him. People aren't attracted to desperation and that's what the media and other candidates are about to be doing
 
idestroyedthetoilet said:
You're way too daft to figure it out even if I held your hand across this street, which I'm not going to do. I paid 37.3%, cupcake.
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My wife is an enrolled agent who prepares taxes for a living. She assured me that it is you who are daft, paying more than the max required by law.

She’s not sure if you are an idiot or a liar.
 
Saint Cy of JFC said:
Yeah it's called polls, projections, and precedent.
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He’s clearly heavily favored but if you think it is a 100% lock, I disagree. Precedent: does history always repeat? Is there anything unique about this year? Polls are imperfect, projections are imprecise.
 
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