the 50% is due to 10% California income tax (before I moved away) + 15% self employment tax + high tax bracket. I'm switching to an S-corp this year.
-
-
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I have nearly 50% of my income taken each paycheck, you are not alone and I am Canadian
-
You don't get much in return for it here.
End of conversation
New conversation -
-
-
I would mind far less paying my 50% if I thought they weren’t so corrupt and inept with it.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
wouldn't be so bad if we got better stuff in the USA (ie healthcare and infrastructure) and cheaper housing. But yeah that sucks. but then i think of ppl who live off like probably a quarter of what you paying in taxes anyways. crazy world.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Meanwhile, billionaires pay 18-20% taxes.
-
Yeah, and their billions are shares in successful businesses they have built. It's not like they have scrooge mcduck money bins
End of conversation
New conversation -
-
-
If employees were actually required to pay their taxes annually (including their employment tax) more people would agree with you. Unfortunately, taxation didn't look like theft if you never see the money in the first place.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The percent is only "brutal" relative to what the other 50% will get you. To say "imagine having 50% taken" poisons the well so to speak. I had a friend who would purposely park illegally, and he would posit that it wasn't illegal it cost X (fine) to do. He could afford it.
-
I could just as eaily say, for example. Imagine having 50% of your income taken in taxes, and still having £500k left (or any sum which is far beyond average and the livable threshold) Worded like that, it suddenly takes a very different meaning.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.