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75_mph t1_iv9r7o3 wrote

Reply to comment by ThePanoptic in [OC] JP Morgan is the largest US bank - visualizing how does it make money by giteam

What are you talking about? Most middle-lower class families have a tax rate in the single digits.

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ThePanoptic t1_iv9tq7y wrote

current tax code:

22% on income between $41,776 and $89,075 which is the lower-middle class in most states.

24% for upper-middle class between $89,076 and $170,050

I understand that it’s a progressive tax rate and only dollars above this range are taxed at this rate, but it’s still criminal that corporations are keeping records profits at lower than the rate for an average individuals tax bracket.

Families might get deductions/rebates, but this is the standard for individuals within this tax bracket. Lower than a multibillion dollar corporation.

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