I hate taxes, but "50%" drastically overstates it. Assume an income of $100k. Tax brackets here: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets … ~17% to federal gov. avg state income tax maybe 4%? now we're up to 21% of income. real estate, car, sales tax ... we're up to perhaps 26% or so.https://twitter.com/BuucketHe4d/status/1303337850327502848 …
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ⓘ Dogs don't have thumbs Retweeted 🅱️
2/ Fair enough. I plead autism, may it please the court.https://twitter.com/BuucketHe4d/status/1303338922232164354 …
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ⓘ Dogs don't have thumbs Retweeted
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4/ However, that 17.3% includes employer contribution. And we can discuss how, sure, ALL taxes are, at some level born by citizens, but for actual-recorded-income, we're looking at 7.6% up to $132k. So running total is up to 33% or so.
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ⓘ Dogs don't have thumbs Retweeted
5/ I didn't "forget it". See my previous in this thread. https://twitter.com/TheFireTracker2/status/1303340379568107520 …
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ⓘ Dogs don't have thumbs Retweeted Jeff Weimer
6/ Yep. And I get annoyed at it. The case against high taxes and high spending is clear enough and virtuous enough that one shouldn't muddy the data with misrepresentations to "punch it up". But that''s me.https://twitter.com/Jeff_Weimer/status/1303341354471305216 …
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ⓘ Dogs don't have thumbs Retweeted
7/ YES, YES, PLEASE DON'T TRY TO EDUCATE ME ON HOW TAX PASS THROUGHS WORK. I agreed to this point PREEMPTIVELY in tweet #4. I mean, we can also talk about the Jones Act and how that takes money out of American's pockets, but gotta limit scope of topic. https://twitter.com/GeoGDF01/status/1303341557614104576 …
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ⓘ Dogs don't have thumbs Retweeted J.A. Sutherland SciFi Books
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ⓘ Dogs don't have thumbs Retweeted Bill Walker 🇺🇦
9/ Phone's ringing, Dude. THANK YOU, DONNY!https://twitter.com/BillWal35159851/status/1303342376421908481 …
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Bill Walker 🇺🇦 @BWalkerTTAGGGReplying to @MorlockPYou're forgetting taxes on corporate income (48%!) built into prices. And don't leave out the inflation tax... printing money is not just a tax, but it causes misallocation of capital by distorting price signals. Capital gains tax, estate tax, tax on dividends... regulations...2 replies 0 retweets 5 likesShow this thread
ⓘ Dogs don't have thumbs Retweeted Bill Walker 🇺🇦
10/ THANK YOU AGAIN, DONNY!https://twitter.com/BillWal35159851/status/1303342578314678272 …
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11/ spinning the revolver cylinder, point it at twitter account squeeeeeeeeeeeeze
2 replies 0 retweets 13 likesShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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