Federal taxes plus state taxes plus property taxes (if you own any) plus vehicle taxes (usually in the form of plates and fuel taxes) plus sales taxes (on anything you buy) plus who-knows-what all else.
It adds up to a good chunk of the average working person’s paycheck.
Edit: Forgot to add county and local taxes. For example, Cook county Illinois adds substantial sales taxes and gas taxes on top of state sales and and federal gas taxes.
Hot take: I think any involuntary expense forced on you by your government is, essentially, a tax regardless of whether it goes into government or corporate coffers, and should be included in the discussion.
Health insurance being the major example, given that’s paid for by taxes in civilized countries. Arguably, the insurance, gas, and maintenance on a car that many of us would happily trade for a functional public transportation system.
I’m not sure what you’re trying to say here. I didn’t forget and I’m not worried, I chose to not bring it up because it’s a shitty comment thread not a research paper. Generally, SSDI is not really worth bringing up on if it is taxes or not and I’d personally argue that tying someone’s ability to live disabled to their previous work is needlessly cruel.
I’m still not sure what you’re trying to say here. I have agreed with everything you have said, you’re just really annoying about having to self insert yourself into a comment thread like you have to be the center of attention. Tell me, what happens if people under 50 now can never pull from social security for retirement? They will also face 3-6 months before homelessness and death. You immediately made it about how it’s not a tax because you’re one of those who gets to use it as opposed to pay in and never claim.
I never once argued for the removal of SSDI, I only ever brought up how tens or hundreds of millions could face very harsh retirements. For the average American worker, social security is deducted from their pay and they might never see what you now rely on.
If you earn $50-200k, they you’re in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.
Part of the problem is that we, the people, don’t get to determine the requirements. Our elected representatives do, and wouldn’t you know it - corporations pay them off to siphon money to the richest among us and give us nothing in return. Legalized bribery is the bread and butter of American politics, it’s why things are so incredibly corrupt here and why we’re living in an oligarchy, not a democracy.
Then after retirement and benefits it’s anywhere from 20% to 50%. I’m at about 25% just with tax, 36% with benefits and retirement.
Depending on if your deductions are calculated correctly (you have to negotiate that with your job) you might end up getting a refund layer or have to pay, so in reality my rate is more like 30% overall. People with more expensive insurance or less tax credits and or other things on top of that are going to have it worse off.
I make half what I would need to be able to afford buying a home in my area and be able to make mortgage payments and still have money left
Most people are either sheep, or have given up the fight. That is why anything that requires great change either doesn’t happen, or happens only when something impactful affects them personally. ‘Look over there…Netflix!’
There are also State taxes that aren’t normally differentiated from when complaining about tax rates even though they go to different places. In some states it’s pretty much the same things.
Federal income tax rates for individuals are categorized into seven brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%
10%: Applies to the lowest income bracket.
12%: Applicable just above the 10% bracket, capturing more of the median incomes.
22%, 24%: These middle brackets cover a broad range, reflecting moderate to higher-income levels.
32%, 35%: Affect those with substantially higher earnings before hitting the peak rate.
37%: The top rate, reserved for the highest earners.
It’s important to note that these rates apply to different portions of your income rather than the entire amount. This means that if you fall into the 24% bracket, only income within that range is taxed at 24%.
Is tax 33% in the USA? or are you not referring to the USA?
I’ve been self employed so I pay all my own taxes, it’s more like 25%.
Federal taxes plus state taxes plus property taxes (if you own any) plus vehicle taxes (usually in the form of plates and fuel taxes) plus sales taxes (on anything you buy) plus who-knows-what all else.
It adds up to a good chunk of the average working person’s paycheck.
Edit: Forgot to add county and local taxes. For example, Cook county Illinois adds substantial sales taxes and gas taxes on top of state sales and and federal gas taxes.
Hot take: I think any involuntary expense forced on you by your government is, essentially, a tax regardless of whether it goes into government or corporate coffers, and should be included in the discussion.
Health insurance being the major example, given that’s paid for by taxes in civilized countries. Arguably, the insurance, gas, and maintenance on a car that many of us would happily trade for a functional public transportation system.
TBH Ima put Social Security in the tax section too as I doubt people under 50 are gonna collect on it.
Hi, disabled under 50 yo person here, my only income is SSDI, Social Security Disability Insurance.
Don’t worry, us disabled folks are entirely used to our existence being entirely forgotten about.
I’m not sure what you’re trying to say here. I didn’t forget and I’m not worried, I chose to not bring it up because it’s a shitty comment thread not a research paper. Generally, SSDI is not really worth bringing up on if it is taxes or not and I’d personally argue that tying someone’s ability to live disabled to their previous work is needlessly cruel.
You said you doubt people under 50 collect on Social Security.
… Disabled people do.
Hey I mean yeah, sure, unless its your only source of income!
Not like I’ll become homeless and die within 3 to 6 months if taxes going toward SSDI suddenly get reclassified or rerouted or totally removed!
Not like that’s the case for about 6.3 million Americans under the age of 65 whose only income is SSDI!
https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/
sigh
At least we agree on that.
I’m still not sure what you’re trying to say here. I have agreed with everything you have said, you’re just really annoying about having to self insert yourself into a comment thread like you have to be the center of attention. Tell me, what happens if people under 50 now can never pull from social security for retirement? They will also face 3-6 months before homelessness and death. You immediately made it about how it’s not a tax because you’re one of those who gets to use it as opposed to pay in and never claim.
I never once argued for the removal of SSDI, I only ever brought up how tens or hundreds of millions could face very harsh retirements. For the average American worker, social security is deducted from their pay and they might never see what you now rely on.
Federal Tax Rates in the US 2024-25 run from 10% to 37%.
I am guessing that not too many pay over 30% then? Also that this is in brackets, so that only the amount over certain point is taxed higher?
I am still surprised that taxes can be so high, and people require so little for it!
If you earn $50-200k, they you’re in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.
Part of the problem is that we, the people, don’t get to determine the requirements. Our elected representatives do, and wouldn’t you know it - corporations pay them off to siphon money to the richest among us and give us nothing in return. Legalized bribery is the bread and butter of American politics, it’s why things are so incredibly corrupt here and why we’re living in an oligarchy, not a democracy.
Then after retirement and benefits it’s anywhere from 20% to 50%. I’m at about 25% just with tax, 36% with benefits and retirement.
Depending on if your deductions are calculated correctly (you have to negotiate that with your job) you might end up getting a refund layer or have to pay, so in reality my rate is more like 30% overall. People with more expensive insurance or less tax credits and or other things on top of that are going to have it worse off.
I make half what I would need to be able to afford buying a home in my area and be able to make mortgage payments and still have money left
Most people are either sheep, or have given up the fight. That is why anything that requires great change either doesn’t happen, or happens only when something impactful affects them personally. ‘Look over there…Netflix!’
There are also State taxes that aren’t normally differentiated from when complaining about tax rates even though they go to different places. In some states it’s pretty much the same things.
Federal income tax rates for individuals are categorized into seven brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%
10%: Applies to the lowest income bracket. 12%: Applicable just above the 10% bracket, capturing more of the median incomes. 22%, 24%: These middle brackets cover a broad range, reflecting moderate to higher-income levels. 32%, 35%: Affect those with substantially higher earnings before hitting the peak rate. 37%: The top rate, reserved for the highest earners. It’s important to note that these rates apply to different portions of your income rather than the entire amount. This means that if you fall into the 24% bracket, only income within that range is taxed at 24%.
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