Hacker News new | ask | show | jobs
by mario0b1 2659 days ago
>highest-in-the-nation 13.3% income tax rate

That sounds very comfortable and affordable

3 comments

Furthermore, the 7.1% (31-44k), 8.1% (44-56k), and 10.4% (56-286k) rates seem pretty excessive when those rates could be made significantly more progressive if a new bracket between 150k and 286k were created at a decently higher marginal rate, giving these 31-150k people much more productive dollars (these dollars will immediately be put back into the economy in the larger CA cities).

The very reasonable argument questioning this 13.3% top-level rate is: do the outcomes match the investment?

That's state tax, which is paid in addition to federal (nationwide) tax. Some states, like Texas, have no state income tax.
And the states without income tax usually make it up somewhere. I believe with Texas it means higher property taxes (California's are quite strictly limited thanks to the notorious Prop 13).
Texas also gets 36% of its tax revenue from sales tax:

https://taxfoundation.org/sales-taxes-percent-collections/

That's state income tax on your second million and above in a given year. The rate on your first million every year is less. Like first-world problems, I guess the tax rate on income over $1MM/yr can be called a California problem.
> The rate on your first million every year is less.

Not much less. It works out to 10.8%, according to CA's tax calculator.

https://webapp.ftb.ca.gov/taxcalc/calculator.aspx?Submit=201...

And no more salt deduction. Almost.
Broseph, they're paying 28% via federal as well, and social security and Medicare. If it were only 13% marginal that would be whoop-for-joy low.
(In case you're wondering -- you're likely being downvoted for calling the parent 'Broseph' -- it's a bit of a pejorative, which is uncalled for in HN's mostly civil discourse)
This is gatekeeping at best. Pejoratives are fine on HN as long as they're accompanied with something of substance. Comments like "bro this is dumb" are in a whole different class than comments like "bro here's how it works: <actual information>". Downvoting something of substance on HN because you dislike informal jargon is really silly if you think about it.

I'd like to think he got downvoted because his information was wrong (which it might be, I'm not sure, as I am not an authority on taxes).

From the guidelines https://news.ycombinator.com/newsguidelines.html :

    Be civil. Don't say things you wouldn't say face-to-face. Don't be snarky. Comments should get more civil and substantive, not less, as a topic gets more divisive.
    When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."
I'm not really sure what 'gatekeeping' is in this context, but I think that it is closest to calling names/snarky.

For what it's worth, the tax information is more or less accurate to the best of my knowledge.

> "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."

Alright, you got me, they do say that in the rules after all. But, I still don't think "broseph" is bad. People call each other bro(seph) in real life all the time and it's usually a synonym for "dude", "hey", "listen". I'd say OP was going for a funny comment rather than a derisive one.

Or simply you can ignore the downvote.
Huh, I’ve only ever used it as a friendly “dude...” equivalent. Well, TIL. Thanks for the info.
I thought it was funny. Why do people get upset so easily.
Welcome to 2019
Don't shoot the messenger!
Yea i don't get it either, I have heard broseph used in a friendly way between mostly lower-middle class people in Australia.
who are white men? it's weird to be called a white male name if you're not. not upsetting just presumptuous. what if people started calling you rachel in a friendly way? sure it's friend... still feels weird and out of place... and ultimately unnecessary if you're actually trying to be friendly.
These are people posting here not robots.