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Effective US Income Tax Rates

Posted on: January 29, 2025 at 16:53:18 CT

haeffb MU

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M.O.B. Votes:

For a single taxpayer taking the Standard Deduction

Income    		Tax Rate
$10,000    		0
$20,000    		2.7%
$40,000    		7.0%
$80,000    		11.8%
$160,000    		17.5%
$250,000    		21.2%
$400,000    		26.3%
$1,000,000    	32.3%
$5,000,000    	36.1%
$100,000,000  	36.95%

Estimates of a national sales tax to replace current income tax revenue are in the range of 25-40%.

Please explain why this message is being reported.

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MESSAGE THREAD

Effective US Income Tax Rates - haeffb MU - 1/29 16:53:18

What about his proposal for an External Revenue Service (ERS - JeffB MU

- 1/29 20:35:35

Where did you get those, they don't look correct - TigerFan92 STL - 1/29 20:11:48

income tax revenue $2.2T, Payroll Tax revenue $1.7T - tigerinhogtown STL - 1/29 18:04:06

Consumer spending, on whole, is more than $13 trillion - Spanky KU - 1/29 21:28:06

RE: Effective US Income Tax Rates - MOCO SON MU - 1/29 17:57:55

50% HorsePuckey. - raskolnikov MU - 1/29 18:08:02

RE: 50% HorsePuckey. - MOCO SON MU - 1/29 19:28:19

And they get it refunded(nm) - Wildcat KSU - 1/29 18:27:35

I have several employees that have 0 income tax withheld - tigerinhogtown STL - 1/29 18:10:00

He does, but gives them equal weight and ignores the fact - Bulldog Bob Brown STL - 1/29 18:32:51

Income over $176,100 - haeffb MU - 1/29 18:45:53

Correct. My error(nm) - Bulldog Bob Brown STL - 1/29 19:08:51

Wrong again huh Bobby Brown - raskolnikov MU - 1/29 18:44:36

RE: Wrong again huh Bobby Brown - MOCO SON MU - 1/29 19:45:21

Congress has not stoeln $ from Soc Sec - sks MU - 1/29 22:52:26

You are correct, it is capped. And you want that cap - Bulldog Bob Brown STL - 1/29 19:06:01

Yes. (nm) - haeffb MU - 1/29 18:03:05

That 'analysis' doesn't account for the wealthy that - Spanky KU - 1/29 17:18:36

What rate do you think is equivalent to - haeffb MU - 1/29 17:20:08

Is that based on current spending....nm - tigertix MU - 1/29 17:11:23

No, it’s based on current revenue, as it says. - haeffb MU - 1/29 17:15:57

No, reduce spending and reduce rates and the economy will - tigertix MU - 1/29 17:25:59

Nice slogan. You can - haeffb MU - 1/29 17:28:51

One scenario is theft - Bosalphus KC - 1/29 17:41:43

Taxation is theft - haeffb MU - 1/29 18:02:28

RE: Taxation is theft - sks MU - 1/29 18:03:24

Do you let the gov't tell you what to spend - Bosalphus KC - 1/29 18:04:00

RE: One scenario is theft - *M* KC - 1/29 17:50:36

lol moron(nm) - Calca STL - 1/29 18:14:55

Oh so I can choose to keep those dollars? (nm) - Bosalphus KC - 1/29 18:01:01

I go to jail if I don’t pay(nm) - tman MU - 1/29 17:58:13

Taxation is theft, especially when you spend $50M on - tigertix MU - 1/29 17:33:55

RE: Taxation is theft, especially when you spend $50M on - sks MU - 1/29 18:59:57

Revenue should be reduced - Bosalphus KC - 1/29 17:22:37

Revenue can be reduced - haeffb MU - 1/29 17:26:35

Both scenarios impact the rich/poor differently - Bosalphus KC - 1/29 17:39:35

Some of us just have philosophical differences - sks MU - 1/29 19:32:55

You’re missing the point. It is the goal of the Trump cult - *M* KC - 1/29 17:31:51

RE: You’re missing the point. It is the goal of the Trump cult - THEGROVE68 MU - 1/30 03:23:44

Every individual should be able to keep the money - Bosalphus KC - 1/29 17:40:59

You might have something there, if you agree - *M* KC - 1/29 17:48:44

I'm advocating for a fair tax - Bosalphus KC - 1/29 17:50:15

Which is fine - haeffb MU - 1/29 18:00:58

The other night the threshold was $50k - Bosalphus KC - 1/29 18:01:46

Likely closer to the $250k mark - haeffb MU - 1/29 18:04:47

How do you figure? - Bosalphus KC - 1/29 18:06:17

If you make $20k - haeffb MU - 1/29 18:17:09

RE: If you make $20k - THEGROVE68 MU - 1/30 03:26:51

Do you know what that specific person - Bosalphus KC - 1/29 18:28:51

Nope. Do you? (nm) - haeffb MU - 1/29 18:46:46

Your lack of an answer is telling - Bosalphus KC - 1/29 18:53:26

I didn’t argue against a fair tax. - haeffb MU - 1/29 19:58:44

RE: I'm advocating for a fair tax - *M* KC - 1/29 17:52:12

It's been referred to as the fair tax for years - Bosalphus KC - 1/29 18:00:19

and? (nm) - Bosalphus KC - 1/29 17:10:54

I like the formatting of this one, but the Spirit and heart - CulturedDan MU

- 1/29 17:06:56

I consider Politics equivalent to the Test board (nm) - haeffb MU - 1/29 17:15:06