So like, the complete opposite of what we need?
So like, the complete opposite of what we need?
Cant imagine making 30 k a year and having to pay even 1600 in taxes. This is saying it will increase that much.
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making 30 k a year and having to pay even 1600 in taxes
That's like 5.3%, could that be real? That would be ridiculously low. I just checked and with that same income I'd be paying 2480 in Germany, or 8.3%, and that's in taxes alone. After social insurances and health insurance the total deduction would be 6450 or 21.5% total.
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That's not the total, that's how much the taxes will increase by. So $1600 on top of whatever you're currently paying. Most of that will be in the form of tariffs on pretty much any goods you buy that aren't made within the country.
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LOL to the moon. Factor in the cost of healthcare, a long vacation, a maternity leave and education here. Bet that would cost you WAY over 21.5% here.
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Do you have local taxes? We have state taxes, house taxes, etc, so not sure what the equivalent would be.
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I can’t say anything about the validity of the infographic but it says “increase up to” so it’s relative not absolute. So without knowing the current taxation it would be hard to say that tax is low, unless you think the increase is too low. Or am I missing something?
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The text from the OP below the infographic was my point of reference, not the graphic itself.
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Ah, I get now what you mean. Fair point.
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I'm speaking from the perspective if you're that close to or under the poverty line it does not help society to tax you any amount.
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Google says the poverty line in the US is 13800, what am I missing?
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The actual real poverty line is going to be region dependent. If you grow up in a high income area and end up "only" making 30k a year before taxes, then you'll be either living with your parents or in your car.
As to why 1500 dollars extra taxes will break families earning 30000 a year: people and especially families have fixed expenditures needed to survive. After other taxes, rent, food, ... there is usually nothing left at the end of the month. Where are these people going to save 1500 dollars? So don't look at it as 1500 out of 30000, look at it as taking 1500 dollars from someone who has 0 dollars left.
Edit to add: that 1500 is not total taxes, it's extra taxes.
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Rules of exponents.
Or maybe just real world living.
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156 comments