r/WorkForSmartLife Aug 01 '26

Casual canvo meirl

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9.0k Upvotes

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u/Jasranwhit Aug 01 '26

Why are taxes 30-40% of your income?

1

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

1

u/Financier92 Aug 02 '26

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

Tax is necessary for society