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re: Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year

Posted on 7/26/17 at 10:28 pm to
Posted by ChatRabbit77
Baton Rouge
Member since May 2013
5865 posts
Posted on 7/26/17 at 10:28 pm to
That is insane. Why should anyone be forced to give that much to the government? After all other taxes that person will probably be paying close to 55 or 60% of their income to the government.
Posted by Bass Tiger
Member since Oct 2014
46612 posts
Posted on 7/27/17 at 6:23 am to
quote:

That is insane. Why should anyone be forced to give that much to the government? After all other taxes that person will probably be paying close to 55 or 60% of their income to the government.


Typical middle class household is paying over 35% tax rate when all taxes are tallied, gasoline tax, local sales tax, personal property tax, real estate tax etc. Most people have no clue how much tax they pay annually.
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