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by zdw 966 days ago
Sales tax + local/state/federal taxes + social security/medicare can be above 30% even for folks not in the highest brackets.
1 comments

Sales taxes and social security taxes cannot be lumped in with income taxes, for the purposes of comparing income tax rates and capital gains tax rates.
I'm the great-great-great-grandparent, and I didn't specify the *type* of taxes.

The state took it from me, either directly before I saw it, at a point of sale, as some convenience fee (restaurants, bars, etc), liquor fees to punish my drinking, or countless other state-sanctioned money transfer.

I like a return on my investment, and the same goes for the government I live in. And although this sounds like some libertarian style drivel, I'm not complaining about the taxes themselves, but what I get in return for what I pay for. And in this country (USA), it aint much. The most I've seen the govt do, after kilodollars paid in, was a whole $1200 singular check during covid. Everything else I "get", is fee'd, fine'd, and taxed to death.

I would prefer a strong safety net for everyone. Universal healthcare. Free K-12 school lunches. Free university classes/degrees.

Yeah, I look at the WHOLE package of taxes, what I pay in, and what I get. Well, there's a reason why I'm talking with my partner about leaving the country, and even possibly renouncing. But hell, even US citizenship is a -$3500 hole in my pocket.