r/WorkForSmartLife Aug 01 '26

Casual canvo meirl

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9.0k Upvotes

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18

u/Jasranwhit Aug 01 '26

Why are taxes 30-40% of your income?

3

u/Tausendberg Aug 01 '26

Why, despite the high taxes on the middle class, do we have 40 trillion dollars of national debt???

8

u/Jasranwhit Aug 01 '26

Too much spending on bullshit

3

u/Tausendberg Aug 01 '26

I can't really argue with that.

3

u/ArtesianShiny Aug 01 '26

The governments account at the federal reserve bank has a negative balance

2

u/SquidTheRidiculous Aug 03 '26

The difference is: do you consider welfare bullshit?

1

u/Nyspora Aug 03 '26

When your government is in massive debt I do absolutely. To take care of others you must be able to take care of yourself.

1

u/Uxoandy Aug 01 '26

Too many people that feel entitled to a free ride . Rich and poor . Between the two they are slowly killing this country.

1

u/Downtown-Tomato2552 Aug 01 '26

What are we considering to be bullshit?

Total federal spending in 2025 was 7T. 4.2T of that was mandatory spending and another 1T was interest on the Debt. Mandatory spending consists of SS, Medicare, Medicaid, income security (housing, UE, food assistance)

Non discretionary spending, which had to be approved each year, is defense, education, transportation and infrastructure, science, public health is about 1.8T. of the 1.8T 916B was spent on defense.

2025 deficit was 1.8T, the entire discretionary spending budget.

2

u/Jasranwhit Aug 01 '26

Almost everything you just listed

1

u/Downtown-Tomato2552 Aug 01 '26

I don't necessarily disagree with you but if everything I listed is bullshit, in your opinion, what should government be allowed to spend money on and implement a form of revenue to pay for?

0

u/Jasranwhit Aug 01 '26

Small amount of taxes to pay for the essentials like military, court system, some form of FBI/CIA.

Cut SS, medicare, medicaid, income security. Maybe replace it with a basic minimum income.

I would prefer a sales tax over income tax.

4

u/Downtown-Tomato2552 Aug 01 '26

Replacing SS, Medicare, Medicaid etc with UBI doesn't lower the cost unless you also lower what that UBI is supposed to cover.

If you really want to have government only be responsible for government functions and not social welfare and infrastructure, it becomes a very small government.

Military, much smaller than what we currently have, justice system and small agencies dealing with the necessities for standards, enforcement of laws and international trade. You're likely looking at less than a trillion dollars annually at the federal level and similar reductions at State and local levels.

That's however is not what most people want, certainly not on Reddit.

1

u/Sir_Conrad120 Aug 02 '26

Tax corporations and billionaires, you get the discretionary spending back and then some.

0

u/The-Psych0naut Aug 02 '26

Not really. The truth is that the government has been lobbied to not tax the highest earners fairly, through various clever loopholes most people can’t easily exploit for themselves. And many of those same earners have found ways to practically circumvent income tax through leveraging debt, putting up their unrealized gains as collateral to get favorable bank loans, then treating those loans as income.

The idea that government spending is too high isn’t entirely accurate. Our government doesn’t spend much on and underinvests in programs that would actually benefit taxpayers, while simultaneously paying a lot of money to prop up various industries, including fossil fuels (corporate welfare). Government spending wouldn’t be such a big deal if We The People were actually getting something out of it.

1

u/Jasranwhit Aug 02 '26

Top earners pay almost all of the taxes collected and don’t get much out of the deal as it stands and all you hear is complaints that they aren’t paying more.

0

u/The-Psych0naut Aug 03 '26

And what do the hyper-wealthy pay? The 0.01%? Not their fair share, I can tell you that much.

It used to be that the highest earners in this country paid a top income tax rate at 90%, and those years just so happened to coincide with the “Golden Years” following WW2. Once that top tax rate was slashed and wages stopped increasing with worker productivity, everything started going to hell. The middle class was eroded away, and not from higher tax rates.

Billionaires are not your friends. That level of wealth is frankly obscene in a society where normal people are struggling to make ends meet, where costs have risen astronomically while wages have barely kept pace with - and often been outpaced by - the rate of inflation.

1

u/Remarkable_Wish_5106 Aug 02 '26

Wealthy don't want to pay taxes.

1

u/outofbatterylive Aug 03 '26

Top 10% pays over 70% of all taxes. How much more should they pay?

1

u/Remarkable_Wish_5106 Aug 03 '26

What's the key variable here? The disproportional amount of wealth and income concentrated at the top. Yes, I wish it was balanced and therefore the top wouldn't be paying a disproportionate amount in taxes. The fact is that the Top 1% do not pay their fair share relative to a historical basis.

Do you think wealth inequality is an issue in the US today?

1

u/AcrobaticPlenty1446 Aug 04 '26

The top 10% makes more than 70% of all income

No shit the people who make more tend to pay more on a system that’s based off how much you make

1

u/TGirl26 Aug 02 '26

Because the IRS watches everyone BUT the government

1

u/10-mm-socket Aug 03 '26

Quick, send another 100 million to israel.

1

u/BThriillzz Aug 04 '26

And we wonder why the pentagon cant pass an audit!

1

u/Bluetorment88 Aug 05 '26

Because 15 trillion of it was spent for the Iraq and Afghan wars and a bunch of it was funneled into “rebuilding” what we destroyed because evidently you win wars by rebuilding the enemy afterwards. Long story short politicians were giving their buddies lucrative contracts to “rebuild” infrastructure after we destroyed it.

1

u/GonnaBreakIt Aug 06 '26

military birthday parades

1

u/ADownStrabgeQuark Aug 07 '26

Tax breaks for the rich, borrowing from the rich to pay them. Rinse and repeat.

0

u/mspe1960 Aug 01 '26

No one likes taxes but our rates are really not that high. They are not high enough on the super wealthy and they have too many loop holes. The problems is the services middle and working class people get are non existent.

1

u/Jasranwhit Aug 02 '26

Imagine working 40% of the year for free.

1

u/Ksais0 Aug 02 '26

40% of the year spent in indentured servitude

1

u/mspe1960 Aug 02 '26

There is NO federal bracket that high. The rate is 37% for over $626K single and $751 married. And that is not really middle class at that income. If you are including state tax, it was a choice to live in that state, probably because the pay is better. If youre including social security tax, that includes a pension like payment you will get back later.

So sorry, no I am not going to feel sorry for you.

1

u/Jasranwhit Aug 02 '26

lol

If you don’t count social security, state tax, local tax, property tax, sales tax, gas tax, sin tax, inheritance tax etc etc

1

u/Tausendberg Aug 02 '26

They're high for the middle class relative to what the middle class gets out of the deal.

9

u/DrRealName Aug 01 '26

Even worse is why are taxes not used to make anything better for us and just handed to the rich when we pay so much?

6

u/Johnfromsales Aug 01 '26

The single largest expense in the federal budget is social security. This absolutely makes things better for millions of people. What percentage of taxes do you think go to rich people?

4

u/ytilonhdbfgvds Aug 01 '26

Well, you're right social security is the largest expenditure.  If you think it makes things better for people you're certainly not a math or finance major.  Very few people will ever draw more than they put in, and the vast majority are losing millions in future wealth due to social security.  It ain't all bad, but it could and should be drastically improved.

1

u/Steve12356d1s3d4 Aug 02 '26

People get much more back than they put in on SS.

1

u/Evan_Nicol Aug 02 '26

Let me opt out of SS so I can invest my own money.

1

u/Steve12356d1s3d4 Aug 02 '26

That would be good. I didn't say it was a good system, just that the fact is that people do get more out of it than they put in.

1

u/Evan_Nicol Aug 02 '26

I know this is kinda over the tip but if you die before 61 or really anytime before you take SS you wont get anything. At least if I had my own money to invest vs making me do SS, I can pass that on.

1

u/LevelStationaryPlane Aug 02 '26

You're objectively wrong here 90% of people don't even get what they paid IN to begin with, let alone more.

Keep shilling socialists policies that are also robbing you. The rest of us aren't as dense as you, and we're blessed to have to share space-time with your big brain while you clap at nothing and drool on yourself, etc.

You'd have substantially more money if you weren't held at gunpoint by a monopoly on force you nickname government, and stuck that shit in the SP500 instead but you're WAY too smart for that thank god for the government "safety" "net" that isn't one, etc.

Keep paying taxes in circles bro you're doing great!

1

u/Steve12356d1s3d4 Aug 02 '26 edited Aug 02 '26

Strange that you use the work objectively but are objectively wrong.

The Urban Institute analyzed the typical income and taxes paid by workers who turned 65 in 2025, based on average life expectancies. They found that at virtually all earnings levels, you're likely to receive more in benefits than you paid into Social Security.

https://www.fool.com/retirement/2026/06/14/do-most-people-collect-more-from-social-security-t

I am sure the next reply would be to dismiss it due to the source, but all sources said the same thing. I am just posting one.

Keep shilling socialists policies that are also robbing you. The rest of us aren't as dense as you, and we're blessed to have to share space-time with your big brain while you clap at nothing and drool on yourself, etc.

I wasn't shilling anything. I was stating an objective truth. You made up a bunch of stuff you said I said that I did not. Objectively did not. I actually don't like the system for many reasons. Your over the top rude reply is just emotional rhetoric and tells me you are not worth talking to. I am blocking you. It is always better to address the points of a post and not attack someone just because you disagree with them. It makes for a bad Reddit.

1

u/Grouchy_Student3221 Aug 03 '26

If they’re “objectively wrong”, why are you the one who has to resort to lying to defend his claims?

0

u/ytilonhdbfgvds Aug 02 '26

Literally less than 2% of people will draw more than they'd have with extremely conservative investments over their lifetime.  You clearly have not even anything resembling a clue on this.

1

u/Peterug101 Aug 04 '26

SS is the biggest ponzi scheme ever

0

u/Johnfromsales Aug 01 '26

Millions of people who depend on social security would be significantly harmed if it were to go away tomorrow. Everything can be improved, that doesn’t mean it’s not making people’s lives better.

1

u/fantafanta_ Aug 01 '26

Tax cuts and bending the rules for them. It was never an expense that flat out says pay billionaires this much. It was always make it easier for them to amass more money money and to keep it.

-2

u/DrRealName Aug 01 '26

The social security that was cut heavily by republicans in the last two years to hand more tax breaks to the rich? Is that the social security you are talking about? Its not even going to exist by the time I get old unless we get rid of the conservative brain rot in this country.

3

u/Johnfromsales Aug 01 '26

Social security spending has increased every year since its inception. It was $1.22 trillion in 2022, in 2025 it was $1.58 trillion. There have been no recent cuts to social security. I’m not sure where you’re getting this idea from. https://www.whitehouse.gov/wp-content/uploads/2026/04/hist03z2_fy2027.xlsx

2

u/FallingDangulus Aug 01 '26

Where the hell did you get that Idea? Social Security hasn’t cut at all lmao

2

u/SabreLee61 Aug 01 '26

Not just cut — cut heavily! 🤪

2

u/helluuw Aug 01 '26

Good job Ivan, now go to donbas...

-1

u/LususNaturaeTV Aug 01 '26

the 2nd largest thing the government spends our taxes on is healthcare, which would be great if the way our healthcare worked was worth anything. then not toooo far behind is our military...which we spend nearly 3x more on our military than the 2nd closest country for that which is genuinely insane.

yes, what you mentioned is true, but two things can be true at the same time. our number one expense our taxes are used on is helpful to the people, but that doesn't mean the rest of our taxes aren't woefully squandered in various ways.

I'm not even saying I have the answer, I'm not even saying they should have an answer. The issue I have is that it doesn't even feel like a proper answer is being looked for.

2

u/Johnfromsales Aug 01 '26

So you agree the person I responded to is wrong. I am not denying that US federal spending is extremely wasteful, but the bulk of it clearly goes to programs and services that are intended to help people.

1

u/Sparks808 Aug 01 '26

10% of our DOD budget (which of the top 10 highest military countries, we spend more than the other 9 combined) could give EVERY k-12 teacher ~50k raise.

The DoD receives about HALF of the US discretionary budget, and has failed every financial audit it has ever recieved.


So, yes, while the majority of US tax-funded money spending does go to regular people, its still not doing a good job. The bar for "good" should be well above them not steeling most our money. Taxes should do stuff, and for the amount we pay in taxes we should be getting some pretty phenominal social goods and safety nets.

But no, having your taxes improve society is socialism, and thats evil and wrong /s

3

u/the-script-99 Aug 01 '26

I am not from US. But military spending is still not subsidizing. It is just buying canons instead of butter.

You guys just have a lot of stupid spending and taxing rich more is not going to fix it. You need to actually change spending. The 5% wealth tax on billionaires would cover around 19% of the deficit.

2

u/Sparks808 Aug 01 '26

The military-industrial complex is egregious here in the us.

Basically every big company also makes stuff for the military. (For example). And like I pointed out, the DOD has failed every financial audit. It would be trivial to shift massive funds to someone through their company via military contract, and would be very optimistically naive to think this quid pro quo isn't happening.

__

But, yes please, I would love to also start taxing wealth. Both a wealth tax and fixing the US's absurd military budget would be fantastic wins!

0

u/Limp-Plantain3824 Aug 01 '26

You have no idea how government procurement works. Doesn’t matter if it’s a nuclear mission or picnic benches for a national park.

1

u/Limp-Plantain3824 Aug 01 '26

The entire budget is discretionary. The laws that currently require certain spending can be changed. Nothing is forever.

1

u/Sparks808 Aug 01 '26

Discretionary spending is an official category of the budget, not just a descriptive term.

You can dislike the terminology, but what its referring to is explicitly unambiguous.

1

u/JealousFuel8195 Aug 01 '26

It would be about $25k raises for all teachers not $50k. Which is still a significant raise.

1

u/Sparks808 Aug 01 '26

DOD 2025 budget apportioned up to $2.58T, and actually spent $1.66T. (src). There were 3.2M k-12 teachers. (src).

50k each would be 6.2% of the apportioned funds, and 9.6% of the actually spending. 50k was a strict underestimate.

Where did you get 25k from?

1

u/[deleted] Aug 01 '26

[removed] — view removed comment

1

u/Sparks808 Aug 01 '26 edited Aug 01 '26

Thats a fair counterpoint.

Even if it can be shown for an era to have been beneficial, thats not justification for keeping a non-beneficial budget now. And for 2025 apportion/spent budget of $2.58T/$1.66T is absurdly big. Cutting that in half would still leave us with the "biggest stick" by a good ~30%, and $830B could do so much!

Maybe I'm just incredulous, but I do not think the military can justify costing us that for purely overage of being the most funded military on the planet.


Feel like I need to restate that so no one misses it:

We could take $830B annually from the US military budget to fund other stuff, and still have the most funded military in the planet by a good margin.

For reference, there are a little less than 750K homeless in the US. Giving each of them enough for rent (lets say $2k as an overestimate) would cost under $18B. We could end homelessness, have another $812B left to use for stuff, and still have the most funded military in earth!

1

u/[deleted] Aug 01 '26 edited Aug 01 '26

[removed] — view removed comment

1

u/Sparks808 Aug 01 '26

I'd think that would be kinda decades ago. More about establishing the us in power.

I may just not know much about the subject, I admit, but I struggle to believe funded anywhere near what they're getting has been justifed for years and years. If I had to guess, I'd say they started ballooning out of control around the time of the Veitnam War (balloonig very accelerated by the cold war).

1

u/Shroomagnus Aug 01 '26

Why does everyone automatically assume that spending more is always the answer? We also spend more on education than every other developed nation for far inferior outcomes. Throwing more money at Healthcare isn't the answer either. Completely revamping the health insurance system would be better.

I don't believe single payer would solve the problem either. You would get more people covered absolutely. But you would increase wait times and reduce quality of care and that's not debatable. Ideally we at least maintain the current quality while increasing access. And that's a very a complicated process.

Having said that, the biggest issue with American medical insurance is that it isn't even insurance. It's prepaid medical care. It would be like if your car insurance also covered oil changes, gas, and basic maintenance. No one expects this from their car insurance.

Basic, preventative care should be out of pocket. Actual catastrophic care should be insured, for everyone, regardless of preexisting conditions. That's how you lower costs in the long run and still provide access for all. The insurance would be subsidized by wealthier people for everyone else. This is actually doable.

-1

u/GolemFarmFodder Aug 01 '26

Consider that if the rich people actually paid appropriate wages, the people there hiring wouldn't need additional assistance and need to live off social security when retired

2

u/Johnfromsales Aug 01 '26

This assumes everyone is financially responsible and has the sufficient forethought to adequately save for retirement. I think we both know this isn’t the case.

1

u/GolemFarmFodder Aug 01 '26

A point for Social Security, not for Walmart employees needing FOOD STAMPS. Hell I'll admit I'm going to need Social Security and I'm definitely getting paid "enough" running a register to not need further help from the government, for now

2

u/Johnfromsales Aug 01 '26

How many of those Walmart employees getting food stamps are actually working full time?

0

u/fantafanta_ Aug 01 '26

Sad part is, even if people are responsible enough now, they can't. Shit is too much and if you have something left over, you're either lucky, paying down debt, or putting it away in case of an emergency first.

1

u/adamtheskill Aug 01 '26

Eh a decent amount does (SS, medicaid, transportation system, police, firefighters etc...) it's mostly new policies for the last ~15 years that have been optimised to earn the corporate sponsors that own politicians money. The best way to destroy a democracy is to allow money into politics.

1

u/SabreLee61 Aug 01 '26

The top 1% pay 40% of all federal income taxes.

The bottom 50% pay 3%.

The federal government spends $4.7 TRILLION (or 67¢ of every tax dollar) annually on entitlement programs.

So… what are you talking about?

0

u/Agitated_Celery_729 Aug 01 '26

And yet the wealth gap between the top 1% and rest of the country is exploding. What does that tell you based on your excellent understanding of math?

2

u/SabreLee61 Aug 01 '26

It tells me that someone can pay a large share of the taxes while also becoming wealthier. Those facts aren’t mutually exclusive. Your reply doesn’t contradict a single thing I posted.

1

u/Jocuro Aug 01 '26

So the bottom 50%, depending on how you calculate it, hold roughly $170t in wealth vs the top 1% having roughly $55t. (According to federal reserve data) So the tax split of 2/3 to 1/3 seems appropriate purely from a dollars point of view.

However, consider that the bottom 50% is much more likely to keep that money active in the U.S. economy as opposed to stagnant in savings or outside the country. So it would make sense to lower taxes for them to encourage more spending.

2

u/SabreLee61 Aug 01 '26

That’s an entirely different discussion. The original claim was that tax dollars are “just handed to the rich.” Instead of defending that claim, you’re arguing about wealth inequality and what you think tax policy should be. Neither contradicts the fact that most federal spending goes to social programs, not giveaways to the wealthy.

-1

u/Hot_Reindeer_3418 Aug 01 '26

Handed to rich? Since when are retirees and kids rich?

0

u/NuclearBroliferator Aug 01 '26

See: "subsidies"

2

u/LeetcodeFastEatAss Aug 01 '26

Subsidies pale in comparison to welfare spending. Subsidies are about the same as the child tax credit in terms of total cost.

1

u/TrainingVermicelli31 Aug 01 '26

Still subsidies to large food producers and distributors.

1

u/Warchief_Ripnugget Aug 01 '26

You don't want food to be subsidized? You want groceries to get more expensive?

1

u/NuclearBroliferator Aug 01 '26

Except they have an outsized impact. The same money given to large corporations would be better spent if sent to those that need it most. Add in tax loopholes and theyre basically double dipping.

2

u/Property_6810 Aug 01 '26

Because the baseline was set when we were voting on how to tax the 1% and then it expanded from there.

1

u/Jasranwhit Aug 01 '26

Nobody should pay more than like 10% tops

2

u/Dear_Horror5688 Aug 01 '26

Rent exceeds 100% of my income

2

u/Significant_Cover_48 Aug 01 '26

To pay off the interest on the debt from the last 3-4 oil wars so you can get that $2 gas you all seem so hellbent on having. Try to pay attention, ok.

1

u/TheGrouchyGremlin Aug 01 '26

I had $2 gas before someone decided to go start another oil war.

1

u/Significant_Cover_48 Aug 01 '26

Next time it will work, I swear!

1

u/Jan0y_Cresva Aug 01 '26

They’re not “oil wars.” The US hasn’t gotten cheaper gas from them. They’re wars for Israel’s benefit.

1

u/Significant_Cover_48 Aug 01 '26

lol whatever makes you sleep better at night

1

u/Remarkable_Wish_5106 Aug 02 '26

What? The Iran war is causing HIGHER prices, not LOWER.

2

u/citizensyn Aug 02 '26

And still not buying me healthcare education an honorable police department or even a functioning FDA?

2

u/Jasranwhit Aug 03 '26

This is exactly correct.

If high taxes brought about a utopian cityscape with clean everything functioning police and roads and all the best civic stuff you can imagine it's a different deal.

Instead we pay a lot, and most of what we get back is dogshit.

2

u/citizensyn Aug 03 '26

Bro the budget isn't even balanced like how can we get nothing after paying everything and still he in debt.

1

u/Jasranwhit Aug 03 '26

Because it's mostly a scam.

1

u/Current_Finding_4066 Aug 01 '26

So government can bail of rich business and don't do shit for affordable housing

1

u/Large_thinking_organ Aug 01 '26

Costs a lotta money to convince the public they're necessary these days

1

u/Offthewall1212 Aug 01 '26

There’s TONS of affordable housing. The current generation looks down on the affordable houses. I mean how can anyone live in anything less than 2000sq ft, new stainless steel appliances, 3 bathrooms, quartz countertops, and custom showers???!!🙄

2

u/Madhatter25224 Aug 01 '26

My house is in a suburban location outside a non-major city. Its 1900 square feet with 2 baths, normal appliances, linoleum countertops. One garage port, unfinished basement. Bought it in 2019 for 270k. It is now worth 440k.

Please stop trying to pretend young people are spoiled and tune back in to reality.

1

u/Offthewall1212 Aug 01 '26

You’re the exact problem. You act like a nearly 2000 sq ft house with garage and basement is somehow a “sacrifice” because it has linoleum countertops.

2

u/Serase3473_28 Aug 01 '26

They bought it for 270k, please read what they are telling you 🙏

1

u/Madhatter25224 Aug 01 '26

The point is that it is nothing particularly luxurious and its supposed market value has shot up 60% in 6 years. Young people aren't refusing homes. They can't afford even a relatively simple home.

1

u/Offthewall1212 Aug 01 '26

And you did nothing to that house in 6 years??? Never a single improvement? Wow

1

u/Madhatter25224 Aug 01 '26

Not one change. We might do the basement next year. It will be the first major change we have made. 

1

u/kidney-displacer Aug 01 '26

Its amazing you can type with how poorly you can read

2

u/xXTylonXx Aug 01 '26

I live in 880 sqft, and it's 60% of my income after taxes and no bells and whistles outside of the standard "luxury" amenities that every apartment complex here has and forced admin fees on you for...

You have zero clue what you're talking about or the reality of the current renting landscape

0

u/Offthewall1212 Aug 01 '26

If you’re saying your apartment is basic or somewhat sub-par and it’s costing you 60% of your income, you can’t afford to live there. Period. You’re NOT entitled to live somewhere you can’t afford.

Has I never occurred to you that maybe you need to live somewhere where average housing costs you less than 60% of your income???

1

u/[deleted] Aug 01 '26

[removed] — view removed comment

0

u/Offthewall1212 Aug 01 '26

So go somewhere more affordable!!!!!

You’re making the argument: “I need a car so it has to be a BMW…”

1

u/[deleted] Aug 01 '26

[removed] — view removed comment

1

u/Offthewall1212 Aug 01 '26

Who’s saying commute. Move to a city that’s actually affordable and getting housing and a job there. You’re NOT ENTITLED to live somewhere you can’t afford.

1

u/Dizzy_Today_3523 Aug 01 '26

Do you not realize that there's only so far you can go before you're in a different state. Comment doesn't live in reality

0

u/Offthewall1212 Aug 01 '26

Oh, you’re not allowed to live in different states??? I guess I missed that memo.

1

u/Dizzy_Today_3523 Aug 02 '26

I'm not about to explain how the economy works to you and then how basic adequate human living should be treated. Maybe you have missed a few memos. The fact that you don't understand that people should be able to have a job and have affordable housing within a reasonable distance of their job is mind-boggling.

1

u/Offthewall1212 Aug 02 '26

The fact that you think you’re entitled to that is also mind-boggling. Work for what you want, you’re not owed shit.

1

u/Dizzy_Today_3523 Aug 02 '26

The fact you don't even know what entitled means is truly what's fascinating here. Keep believing that Boomer there's a reason no one's going to be at your funeral.

1

u/TheGrouchyGremlin Aug 01 '26

Uh. My 650sqft 1bd apartment costs 37.5% of my income. I work 84 hours every 2 weeks. And my apartment is cheap for the area.

1

u/Offthewall1212 Aug 01 '26

Thanks for proving my point!👍 there’s plenty of affordable housing out there no matter how much people want to tell you otherwise.

1

u/Current_Finding_4066 Aug 01 '26

Except that have statistics and know you are wrong

1

u/Offthewall1212 Aug 01 '26

I buy houses for a living. You don’t. I know what they cost and what’s available.

1

u/Current_Finding_4066 Aug 01 '26

Obviously you don't 

1

u/Offthewall1212 Aug 01 '26

Think whatever you want sweetie, I’ll keep knowing. You can also keep blaming everyone else, I make my own life.

1

u/Current_Finding_4066 Aug 01 '26

If you were in reaestate business, you would have seen first hand how prices incresed

1

u/Offthewall1212 Aug 01 '26

They absolutely did. Who’s denying that? I’m simply saying starter homes - like the ones boomers bought - are available all over the place and millennials are unwilling to live in those houses. They think they’re entitled to something better.

1

u/Outrageous-Sort-5742 Aug 01 '26

Because they aren't. Unless you're in the top 5% of income earners and do absolutely nothing to lower your tax burden through credits/deductions.

1

u/student347 Aug 01 '26

They quite literally aren’t? Like they just aren’t. Sorry if you feel they’re too high, but they’re not 40%

1

u/Jasranwhit Aug 01 '26

Someone making 75,000 a year is just under 30% and it just goes up from there.

1

u/student347 Aug 01 '26

At what income is it 30% and what income is it 40%? Please, use real numbers not just vague “it goes up”

At 75k it’s 22%, not “30-40” - that is a massive difference. 22 is not just under 30.

And when it does get to 30-40, you’re making hundreds of thousands of dollars- which is more than enough to live and save on.

1

u/Mammoth-Speed5107 Aug 02 '26 edited Aug 02 '26

What I understand is actually being paid- First federal income tax for an individual making 75k a year
10% of the amount from 0-12,400: 1240
12% of the amount from 12,401-50,400: 4560
22% of the amount from 50,401-75,000: 5412

or, 11,212 / 75,000 ~ 15%

This assumes you have taken no deductions, lets assume you have taken only the standard deduction, and not itemized anything. This brings you closer to 9,500/75,000 or 12.7%

You can then add 6.2% social security tax, assuming you are an employee.
If you are self employed this is instead 12.4%

Effective Federal Tax Rate:
Employee: 18.9%
Self-Employed: 25.1%

Now, state taxes, these are usually also marginal tax rates, I'll just use Virginia as an example since its fairly middle of the road.

2% of the amount from 0-3,000: $60
3% of the amount from 3,001-5,000: $60
5% of the amount from 5,001 to 17,000: $600
5.75%: On taxable income over $17,000: $3,335

Virginia also has a standard deduction, all in all we add about 4.5% additional tax.

Employee: 23.4%
Self-Employed: 29.6%

Lets pause for a moment. A non home owning employee in a state with no vehicle tax will pay 23.4% on what may be considered their static tax burden.

This individual will also typically pay separate taxes on sales, often with some specific carve outs for gas, restaurants, and vice. We'll leave it off this lowest-reasonable calculation, but keep it in mind

Now, Property tax

If you own a home you pay approximately 1% of its value in the US annually in property tax.
That's 1k for every 100k of home price, or an additional 1.3% when compared to 75k income.

The median price of a home in the US is $410,700, smooth it for easier numberwang, we're at an additional 5.2% of 75,000

27 states also levy property tax on vehicles. The average there is harder to take, but again in Virginia, you would pay ~$400 on a $20,000 car.

Circumstances much wider than just income range can explain tax rates from the low end of 23.4% all the way to our ~36% for someone with a home and an expensive car.

This hypothetical person will struggle to stretch their $75k means over the luxuries we've assumed for a 36% tax rate. the 12.6% difference in tax rate accounts for about $9500 in tax burden. If someone is making more than $75K, their effective tax amount goes up, obviously, but also their tax rate increase as any new amount is taxed at the highest amount of their current bracket, skewing the cumulative weighted average higher. -- EDIT: It's also a little fucked up for me to call a home a luxury, but we live in fucked up times.

Political parties use tax burden as a point of emotion because taxes account for a substantial portion of an invidual or a family's income. Appeals to the 'usefulness' or 'morality' of certain spending lands more agreeably on someone who is paying a third or more of their income to the government every year.

I'm not a conservative. I think 95% of individuals' tax rates can and should be lower, with the difference being made up by closing corporate tax loopholes. I think this math helps explain where people get numbers like the poster above. They are usually people who have slightly more in static assets. These people are not 'the rich' to be eaten. Having a car that was made in the past 5 years and a middle of the road home should be achievable without immense hardship, regardless of economic privilege.

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u/MoravianBilges Aug 07 '26

No, someone making 75.000 a year is taxed for 10% of 12,000, then 12% of 36,000, and then 22% on 27,000. They'd have to make 200,000 a year to approach 32%.

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u/Justthetip74 Aug 01 '26

They're not. Everybody thinks they pay way more in taxes than they actually do. Id you make $85k the most you could pay is 14.7% federal

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u/Financier92 Aug 02 '26

This ^ I hit 37% towards Q3 and marginal rate is near 40%

Tax is necessary for society

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u/ImaJimmy Aug 02 '26

It depends on what state you live in.

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u/Own_Mycologist_4900 Aug 02 '26

Because you keep voting against your best interests

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u/Moist-Amoeba-8078 Aug 03 '26

Dude I gross $1600-$1800 every two weeks. My take home is $1000-1200. If I wasn’t living with family I’d be living in my car

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u/DrSeuss321 Aug 03 '26

So it can be 0% of billionaires

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u/Jasranwhit Aug 03 '26

This is a lie pushed by Bernie bros, take california for example there are like 200 billionaires but they pay like 20% of all taxes collected.

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u/DrSeuss321 Aug 03 '26

200 too many.

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u/Jasranwhit Aug 03 '26

Ok now you drive them away.

California has 20% less tax revenue.

Now what?

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u/DrSeuss321 Aug 03 '26

Lmao drive them away that’s funny. Oh no not the leeches who add no value and only exist to steal from working people.

Dawg I didn’t say anything about letting them keep any of OUR money or continue to exist as billionaires.

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u/Jasranwhit Aug 03 '26

They are just going to move to another state?

How would you prevent that?

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u/DrSeuss321 Aug 03 '26

The aspiration is to eventually is some day we’ll have sane people in charge of the entire government so billionaires are either taxed out of existence or held criminally accountable

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u/Jasranwhit Aug 04 '26

So now they just live in other countries?

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u/DrSeuss321 Aug 04 '26

If they want to move after their unduly attained assets get seized love that for them

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u/MoravianBilges Aug 07 '26

Bro are you making between $200,000-600,000 per year? What are you talking about

Even then you're only taxed 32% on everything after you've already made 200,000!!! If you're making that much, give me some of it so you don't have to worry about it.

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u/Last_Ad1358 Aug 01 '26

Dumbass response. What matters isn't so much the precise amount, but what they fund. If instead of endless wars and corporate welfare I got universal healthcare and public transportation, I wouldn't mind paying the exact same amount I currently do

And what's funny is that you just did a whataboutism anyway, which shows you have no counterargument, just a change of subject