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No One Goes There Anymore

noonegoesthereanymore.blogspot.com

51–60 of 322 posts

Re: No One Goes There Anymore

#51

Earlier quoted context omitted.

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

You can donate money to the US Government if you feel that you're not giving it enough. See https://www.fiscal.treasury.gov/public/gifts-to-government.h...

yeah we already have that, it's called "lobbying"

Re: No One Goes There Anymore

#52
post #34

When I see about half my paycheck going to taxes it feels a bit rough. But then I think of stories like this, and how easily it could have been me with an illness requiring expensive medical treatment and possibly preventing me from working regular jobs. And so I pay my tax with pleasure, knowing that if something were to happen to me or my fellow citizen, at least there wouldn't be millions of dollars in hospital bi…

I live in a country with plenty of socialized services, and when I see stories like this it seems to me like it's everyone for themselves in the USA. Seems kinda bleak.

Not really, just don't get sick or terminally ill or you're $%#!ed

Re: No One Goes There Anymore

#53

When I see about half my paycheck going to taxes it feels a bit rough. But then I think of stories like this, and how easily it could have been me with an illness requiring expensive medical treatment and possibly preventing me from working regular jobs. And so I pay my tax with pleasure, knowing that if something were to happen to me or my fellow citizen, at least there wouldn't be millions of dollars in hospital bi…

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

I generally assume that 40% of my paycheck will go to taxes and savings. That’s not quite correct, but it’s a good first order of magnitude estimate.

Re: No One Goes There Anymore

#54

Earlier quoted context omitted.

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

You can donate money to the US Government if you feel that you're not giving it enough. See https://www.fiscal.treasury.gov/public/gifts-to-government.h...

I'd be happy if everyone gave more, I don't believe in donation. I believe the government should be funded to work for the public. Refusing to fund the government is why we're in this.

Re: No One Goes There Anymore

#56

Earlier quoted context omitted.

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

I generally assume that 40% of my paycheck will go to taxes and savings. That’s not quite correct, but it’s a good first order of magnitude estimate.

and savings?

Re: No One Goes There Anymore

#57
post #16
post #15

Earlier quoted context omitted.

DoreenMichele is a well-known HN user and many of her posts have appeared here. She often makes a new domain per blog topic, but I presume readers recognize her username. The upvotes seem organic, as far as I can tell. There's no issue. You've posted three dismissive comments to this thread. Could you please stop? If you don't like this reading material, there are 29 other articles on the front page, and don't miss t…

I did not recognise the username, but will take that into consideration for future. For me, it looked like a request for money and I felt it was not right, but I see I am mistaken and would like to apologise to Michele.

[deleted]

Re: No One Goes There Anymore

#58

Earlier quoted context omitted.

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

You can donate money to the US Government if you feel that you're not giving it enough. See https://www.fiscal.treasury.gov/public/gifts-to-government.h...

Ah yes, the obligate vacant comment about donating to the Federal Government when there's talk of taxes being too low on the wealthy. Get a new line.

The problems in this country, including the mess that is the tax system, cannot be solved by snarky comments like "donate your money if you think taxes are too low." They require a longitudinal and deep response.

Re: No One Goes There Anymore

#59

Earlier quoted context omitted.

As someone else with serious medical problems which have been paid for by public health systems, the financial difficulties of which are compounded by losing your ability to pay once ill, thanks! I would note though, for the purposes of fairness, it's a small percentage of your taxes that go to paying for such programs versus things like the military and interest on debt.

US government healthcare spend is huge, it is not tiny compared to military. $1.1T according to this source in fiscal year 2018: https://www.taxpolicycenter.org/briefing-book/how-much-does-... This website states in 2018, the federal government spent $582B on Medicare, and $389B on Medicaid, plus all the tax exemption for employer sponsored health insurance and ACA subsidies to individual buyers, etc. https://www.the…

That's because of private healthcare that prevent them from properly negotiating prices. If universal healthcare was a thing these costs would be much lower.

Re: No One Goes There Anymore

#60

When I see about half my paycheck going to taxes it feels a bit rough. But then I think of stories like this, and how easily it could have been me with an illness requiring expensive medical treatment and possibly preventing me from working regular jobs. And so I pay my tax with pleasure, knowing that if something were to happen to me or my fellow citizen, at least there wouldn't be millions of dollars in hospital bi…

If half your paycheck is going to taxes you must have a bunch of $$$, I personally make around 300k/year and I feel like I'm not paying that much taxes. I could be paying much more and still live pretty comfortable, it's pretty outrageous.

Few countries even in Europe will let your effective income tax rate reach 50% but this may be an effect of tax system structure more than anything else. Eg in the U.K. the max marginal income tax rate is 45% but that doesn’t count payroll taxes (employer or employee), which are called “national insurance”, or student loan “repayments” (9% of income above a threshold, though not super relevant to people in the top band), or oddities of the tax system like a somewhat hidden 60% marginal rate or a discontinuity with the married couples allowance or withdrawal of certain otherwise-universal benefits for children.

It is similar in other European countries (at least as far as I can tell from a cursory search showing that sources can’t really agree on what the highest marginal rate is).

I would be interested in seeing a chart of gross to net income and effective tax rate in different countries but this is hard (eg do you count employer payroll taxes? Do you count removal of state’s benefits that might not be used anyway? How do you deal with countries that have more complicated systems with eg deductions or allowances based on personal situations?)

All that said, I think the post you’re replying to could just mean “approximately half,” ands I think 40% would fit that description.

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