Quote:
Originally Posted by Stu from NYC
So what percentage tax rate is our fair share. Govt is not exactly efficient in spending ⁸
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Top Federal rate is now 37% + 3.8% NIIT = 41.8%. That ain't chicken feed. Moreover a substantial percentage of people pay no income tax whatsoever.
" In total, about 59.9 percent of U.S. households paid income tax in 2022. The remaining 40.1 percent of households paid no individual income tax. In that same year, about 47.1 percent of U.S. households with an income between 40,000 and 50,000 U.S. dollars paid no individual income taxes."
From: Households paying no income tax by income level U.S. 2022 | Statista
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Last edited by manaboutown; 10-16-2023 at 06:43 PM.
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