Isn’t it hard to imagine that certain people with a higher base income then others will actually make less than someone with a lower income after taxes? It’s like people get punished for being successful.
In the United States, if someone’s yearly income is one hundred and fifty thousand dollars or over, they have to pay a tax of forty nine percent, which means in reality they would make less then ninety thousand dollars each year. That means if person A worked regular hours and made one hundred and twenty thousand dollars a year, and person B worked a lot of overtime and made one hundred fifty thousand, person A would actually make just as much if not more then person B. There is even a thirty percent tax once you make ninety six thousand dollars a year that is almost too much, leaving a person in the sixty thousands. One would think that a person who makes $150 thousand with overtime would gross more than a person who makes $120 without overtime.
Some states even have their own state tax! To clarify, you would have two taxes taking off a percentage of your paycheck. No wonder those teachers went on a strike! There is not a large amount of people who could have two percentage taxes on their paycheck and still afford to keep their house.
As much as the government might need that money from taxes, they make it very hard to cover the cost of living. It’s kind of foolish to punish the population for being successful. Though the tax system is not a complete folly, they could use some revising to lower the percentage on a person who makes more. In the Declaration of Independence, it is stated that a government rules by consent of the governed, and I would bet that the governed would not consent to having almost half of their paycheck taken away by our tyrant like government, for the government to spend on whatever it pleases, whether you agree with it or not.
