Quote:
Originally Posted by Wooders0n
This is nonsensical, baseless fear mongering.
This is just wildly and offensively wrong.
And? Why should a majority of people care what you think? They're busy literally trying to survive. Whether or not you can afford HBO and high speed Internet after taxes is of no concern to all the people who will be voting for Bernie.
I don't know how much you made but seems like you're doing something wrong if you're paying that much. Do you know what deductions are?
the first part is in no way nonsensical. Cuts in after-tax income will affect consumption and can result in insolvency. It happens every day to people who take pay cuts, get too few hours in hourly work, fail to meet sales goals in commission based jobs, or have unexpected expenses.
What do you think it costs for a family of, lets say 5, to afford a modest house and the other listed expenses in Manhattan? SF? DC? Chicago?
Plenty of middle and upper class people are voting Bernie. I know some of them personally. They simply are fine with paying increased taxes as they support his policy goals and see it as a necessary evil.
Yes I know what deductions are, but I still have to pay social security (6.2%), Medicare (1.45%), state income tax (~5.5%). Right there I am at 13.15%. What should I be doing to get my federal rate down below 17%? I didn't even include property taxes because I made the choice to buy rather than rent. If my rate should really be much lower than that then I really really need to hire an accountant.