I've been seeing this dude more and more complaining that he pays less tax than his secretary. If he's so worried about how much he pays he shouldn't deduct shit. Here are the US tax brackets
ax Bracket Single Married Filing Jointly Head of Household
10% Bracket $0 – $8,500 $0 – $17,000 $0 – $12,150
15% Bracket $8,500 – $34,500 $17,000 – $69,000 $12,150 – $46,250
25% Bracket $34,500 – $83,600 $69,000 – $139,350 $46,250 – $119,400
28% Bracket $83,600 – $174,400 $139,350 – $212,300 $119,400 – $193,350
33% Bracket $174,400 – $379,150 $212,300 – $379,150 $193,350 – $379,150
35% Bracket $379,150+ $379,150+ $379,150+
» Official 2011 US Income Tax Brackets (IRS Tax Rates)
This dude's tax liability would be 35% if his accountants didn't lower his tax liability with deductions and I'm sure subsidies for various investments. Does anybody else have a problem with the news trying to spin everything to make it seem like millionaires pay less than middle class America?
The media also fails to educate people on what employers actually pay. Employers match taxes for each employee which consists of the following apart from salaries paid.
Employer portion (matching) of Social Security tax
Employer portion (matching) of Medicare tax
State unemployment tax
Federal unemployment tax
Worker compensation insurance
NON TAX (but still expenses covered by employers that are usually disregarded)
Employer portion of insurance (health, dental, vision, life, disability)
Employer paid holidays, vacations, and sick days
Employer contributions toward 401(k), savings plans, & profit-sharing plans
Employer contributions to pension plans
Post-retirement health
</vent>
I flipped on MSNBC and almost flipped out. It's like these idiots are all out of touch with reality. 2012.. That is all...
ax Bracket Single Married Filing Jointly Head of Household
10% Bracket $0 – $8,500 $0 – $17,000 $0 – $12,150
15% Bracket $8,500 – $34,500 $17,000 – $69,000 $12,150 – $46,250
25% Bracket $34,500 – $83,600 $69,000 – $139,350 $46,250 – $119,400
28% Bracket $83,600 – $174,400 $139,350 – $212,300 $119,400 – $193,350
33% Bracket $174,400 – $379,150 $212,300 – $379,150 $193,350 – $379,150
35% Bracket $379,150+ $379,150+ $379,150+
» Official 2011 US Income Tax Brackets (IRS Tax Rates)
This dude's tax liability would be 35% if his accountants didn't lower his tax liability with deductions and I'm sure subsidies for various investments. Does anybody else have a problem with the news trying to spin everything to make it seem like millionaires pay less than middle class America?
The media also fails to educate people on what employers actually pay. Employers match taxes for each employee which consists of the following apart from salaries paid.
Employer portion (matching) of Social Security tax
Employer portion (matching) of Medicare tax
State unemployment tax
Federal unemployment tax
Worker compensation insurance
NON TAX (but still expenses covered by employers that are usually disregarded)
Employer portion of insurance (health, dental, vision, life, disability)
Employer paid holidays, vacations, and sick days
Employer contributions toward 401(k), savings plans, & profit-sharing plans
Employer contributions to pension plans
Post-retirement health
</vent>
I flipped on MSNBC and almost flipped out. It's like these idiots are all out of touch with reality. 2012.. That is all...
