So the way the geniuses running the state have set things up, someone who makes $65,999 per year puts $65,999 in their pocket, while a person who makes 66,001 per year ends up getting taxed and getting to keep $59,862. A two dollar raise costs you $6,000...
If you make $67,000 TAXABLE (after deductions) then you pay $93 in tax for the extra $1,000 in TAXABLE income. Ouchie, boo-boo.
Rightwinger media-feed ignorance is beyond compare.
The only Republicans who understand how taxes work are the rich ones. For most people earning a salary of $66,000, you'd be much better off in a "high tax" state than a "low tax" one, because not only would you likely pay less, you'll get significantly more back in public services.
In California, a person making $66,000 would pay roughly $2565 in income tax. In New Jersey, they'd pay $2099.
In Missouri, they'd pay $2626. In Nebraska, $2913. Alabama, $3060. These are only "low tax" states if you're rich. The suckers don't know! Simply insane!
Most people would increase their salary by more than 10% by taking a job in CA.
And spend more than 30% more to live there. Why the heck to you think people are fleeing the state? That plus crime, drugs and homeless camps.
My company pays 35% more if you live in the area ($235k vs 175k) if you live in the Bay Area versus Chicago. Only if you live in opulence and your CoL is really $50k more is that not a no brainer.
The only way to pay for generous social welfare programs is to tax a large number of people. The Nordic and other European countries have done this for a while. Programs cannot be paid for just taxing the "rich".
If you make $67,000 TAXABLE (after deductions) then you pay $93 in tax for the extra $1,000 in TAXABLE income. Ouchie, boo-boo.
Rightwinger media-feed ignorance is beyond compare.
The only Republicans who understand how taxes work are the rich ones. For most people earning a salary of $66,000, you'd be much better off in a "high tax" state than a "low tax" one, because not only would you likely pay less, you'll get significantly more back in public services.
In California, a person making $66,000 would pay roughly $2565 in income tax. In New Jersey, they'd pay $2099.
In Missouri, they'd pay $2626. In Nebraska, $2913. Alabama, $3060. These are only "low tax" states if you're rich. The suckers don't know! Simply insane!
LOL's absolutely correct. On states that have an income tax low to very moderate income people pay less state income tax in high-tax states than in low-tax states. If you have a middle to high income you'll pay less in the low-tax states.
So the way the geniuses running the state have set things up, someone who makes $65,999 per year puts $65,999 in their pocket, while a person who makes 66,001 per year ends up getting taxed and getting to keep $59,862. A two dollar raise costs you $6,000...
You are either extremely dumb, or a troll who is not very clever.
The only way to pay for generous social welfare programs is to tax a large number of people. The Nordic and other European countries have done this for a while. Programs cannot be paid for just taxing the "rich".
Most Americans, except for those in the high earning bracket, would like to have similar social and healthcare system, as in western EU countries. Yet, they cry if the income tax gets to 9,3% if you earn more than $66K/year.
I live in the country where income tax is 20% for everyone up until approx. 40K/year in US dollars, then it gets to 24% over this amount up until approx. 100K, and then to 28% over this amount. At the same time you HAVE to pay 14% healthcare "insurance" (another tax) and 18% social security (another tax) if you are entrepreneur/self employed/company owner. You don=t get to see that money - it goes straight into the "system" and is used instantly. You get only tokens for working years for the future pension, which is limited by a cap, no matter how much you have earned. Let's not even start on corporate taxes, double taxation of dividends, etc.
Overall, you are lucky if you bring home 50% of your earnings. Unless you have an army of accountants, several offshore companies in tax heavens, and you are a big time risk taker (for tax evasions you can get up to 15 years of imprisonment).
But you are complaining for 9.3% income tax? Consider yourself extremely lucky.
The only way to pay for generous social welfare programs is to tax a large number of people. The Nordic and other European countries have done this for a while. Programs cannot be paid for just taxing the "rich".
Most Americans, except for those in the high earning bracket, would like to have similar social and healthcare system, as in western EU countries. Yet, they cry if the income tax gets to 9,3% if you earn more than $66K/year.
I live in the country where income tax is 20% for everyone up until approx. 40K/year in US dollars, then it gets to 24% over this amount up until approx. 100K, and then to 28% over this amount.
But you are complaining for 9.3% income tax? Consider yourself extremely lucky.
I don't think you understand the tax system in the United states. That 9.3% tax is ONLY the state tax. We ALSO have to pay tax to the Federal Government on top of that, which is as high as AN ADDITIONAL 37%. Plus if you're self-employed then there is AN ADDITIONAL tax of 15%.
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