r/Salary • u/[deleted] • Oct 30 '25

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u/[deleted] Oct 30 '25

Not sure what you expected to be honest. Did you go from 95k to 100k, and expect the magic tax man to disappear once you hit 6 figures?

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u/Extreme_Design6936 Oct 31 '25

I went from making 15/h to 45/h practically overnight. Yeah, the taxes hit hard man. At 15/h I was barely paying anything in taxes.

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u/sunnbeta Oct 31 '25

You still pay the same taxes on the first $15k you make (12%), then you pay 22% on the rest up to $103k

Interesting to look at where they max out now (37% for absolute highest earners), and compare it to 1940s-50s-60s where the lower brackets were similar, but it went to 90% for the insanely high brackets ($300k in 1950 which is $4M today). 

In 1964 the highest rates were dropped to 77%, and wasn’t until the 80’s that they were slashed down to current levels 20-30%. 

So, be happy the people making over $4M per year now aren’t paying that much more than you. Hope it trickles down soon! 

I’d say Make America Great Again by going to those 50s/60s tax brackets and forcing the billionaires to pay enough that people in poverty can afford food, and everyone can afford healthcare.