The best part about this nightmare of an administration is that we just looked at our taxes, and while our earnings were 50% higher than last year, our taxes are 100% higher, so, uh, cool cool cool cool cool
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Without deductions, due to marginal tax rates, your effective base tax rate would go from (*rough* napkin math) 16% to 19%, or amt of tax due going from 22.5 to 40k - a 78% increase. The rest of the fuckery is largely a combination of changes in your spending and to tax breaks
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So making 50% more led to a 3% increase in effective tax, which means almost an 80% increase in taxes due. It’s a little counterintuitive. That’s all with the same rates as last years to compare - the gap in that vs reality is deductions and new tax
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But that 80% tax increase would still mean your income went up 45%, not so far from the 50% you’d eyeball pre-marginal tax.
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