Submitted by [deleted] t3_yf1320 in massachusetts
[deleted]
Submitted by [deleted] t3_yf1320 in massachusetts
[deleted]
That is not how taxes work dude.
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My God our education system has failed us all.
Republicans don't want people to understand how taxes work.
They don't want people to know how ANYTHING works which is why they are always attacking public education.
It's ok i am probably making more than you
Good for you, then pay your fair share, and don't complain about it.
:) haha
Doubtful, but even if that was the case, I am most definitely winning the brain cell count.
No one cares but you dude
Says the one whining on reddit about taxes that they don't even understand.
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PS, if you made more than me, you wouldn't care about taxes.
I understand taxes you jerk I was asking if anyone else is paying that much. I asked a question, and you need to be an asshole about it. Your a dick must be minuscule.
If you understood taxes, you wouldn't be asking this question.
Tiny
Your brain, yes.
Sorry your dick is so small
No, it’s average, unlike your brain
Ewe that's sad
Nothing wrong with average, just below average is sad, like the size of your brain.
Unbeknownst most taxachusetts it doesn’t actually live up to its name. We rank number 21 in tax burden by state. Unless you compare us to like New Hampshire, we’re actually middle of the pack In the US.
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494
I tell people this all the time and they look at me like I’m batshit crazy
We used to be like 6th or something. We’ve actually reduced taxes.
Getting a pay raise can only ever result in a loss of income if it causes you to lose benefits. If you receive EBT, for example, and go over the income limit for those benefits, a pay raise can actually hurt you.
But if you're talking about income tax, a pay raise never results in less income. Ever.
This is because the tax rate is progressive. Some example tax bands:
Min | Max | Tax Rate |
---|---|---|
$0 | $10,000 | 10% |
$10,001 | $20,000 | 20% |
$20,001 | $30,000 | 30% |
If you earn $20K, you pay 10% on the first $10k, and 20% on the next $10K - not 20% on the whole thing.
And if you start earning $30K, you pay 10% on the first $10k, 20% on the next $10K, and 30% on the rest.
A pay increase never results in less income due to taxes.
hotaspee t1_iu13b0i wrote
So are you complaining about the 5% income tax levied by Massachusetts? Or are you complaining about paying (presumably) 24% in federal income taxes on income over $89,075? Are you aware that anything below $89,074 is being taxed at 22%, and only income between $89,075 and $170,050 is being taxed at 24%?