So Americans are highly taxed or nah?
naht those bitching about their taxes on this bored.
You can't claim that the US is a low tax country though, as was the original point of the discussion.
Certainly not low taxed if we consider the imagined rates you all pay.
Still focused only on federal income tax?
No. But most of you start this discussion off by wildly [/b] overestimating your effective rate of federal taxation.
Divide line 24 by line 9.
It’s hard if you’re a dumbshit like you. Like I said. A person making $143k pays about 18% federal income tax and another 15% in FICA/Medicare (you’d be a dumbfuck to argue it’s half that, so I wouldn’t be surprised if you did). That’s an effective rate of ~33%.
Why $143k, that’s the amount we’re FICA ends, so the rate goes down to 3%, but the person would be looking at higher marginal rates past that (32% at $164k). A person making $164k would pay ~19%, but would get a cut on FICA of 12% on about 20k, so about 1.5% reduction on their gross, so we are back to around 33%.
Fuck off. We pay a shit ton in taxes. Add state and local and we get very close to European rates.