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Tax Wrapped 2025

taxwrapped.com

21–30 of 77 posts

Re: Tax Wrapped 2025

#21
post #19

This is amazing and depressing. Most people will never get any benefit from this spending, definitely not of equal value to what you contributed/lost/spent. No matter where you fall on the political spectrum you should be disappointed by the federal governments reckless spending. Yet it never gets better. Likely never will. I see other people recommending taxes that are missed, but with people being taxed from every…

The visualization shows that, at many income brackets, the majority of one's taxes go squarely into the social safety net. You can make an intelligible argument about waste, etc., but to say that Americans don't benefit from social security, medicaid, etc. seems facially incorrect.

Re: Tax Wrapped 2025

#23
I wonder what the various billionaires pay in federal tax.

I know there's not just one type of billionaire, but many, And I wonder if any are more or less significant than each other to the Nations financial Health.

Re: Tax Wrapped 2025

#24
post #11
post #10

Earlier quoted context omitted.

It does. But my mouse's scroll wheel is not a swipey-thing.

But at least it moves things from "impossible" to "possible"! :)

It's possible that I will never try visiting that website again. ;)

Re: Tax Wrapped 2025

#26

We need to kill of social security. Its an absolute black hole of money and I will never see back anywhere close to the amount I paid in.

we need to kill off fire departments. my house has never burned down and i will never get my money's worth.

Re: Tax Wrapped 2025

#27
post #26

We need to kill of social security. Its an absolute black hole of money and I will never see back anywhere close to the amount I paid in.

we need to kill off fire departments. my house has never burned down and i will never get my money's worth.

This is a strawman. Look up how utterly fucked social security is and tell me with a straight face it is a good system and you'll get value from it.

Re: Tax Wrapped 2025

#28
post #19

This is amazing and depressing. Most people will never get any benefit from this spending, definitely not of equal value to what you contributed/lost/spent. No matter where you fall on the political spectrum you should be disappointed by the federal governments reckless spending. Yet it never gets better. Likely never will. I see other people recommending taxes that are missed, but with people being taxed from every…

My top category was social security, followed by medicare. If I live long enough, I'll benefit from both of these. But regardless, these are great things to put our money towards. I'd much rather lose a couple tens of thousands per year than have our elderly dying homeless and hungry.

The next category was military which I think we can all agree that US spends too much on the military but it would be silly to claim that I don't benefit from the pax americana.

The next category was interest on debt... Which yeah... not stoked about that.

Re: Tax Wrapped 2025

#29
post #19

This is amazing and depressing. Most people will never get any benefit from this spending, definitely not of equal value to what you contributed/lost/spent. No matter where you fall on the political spectrum you should be disappointed by the federal governments reckless spending. Yet it never gets better. Likely never will. I see other people recommending taxes that are missed, but with people being taxed from every…

Most of the money goes to Social Security, Medicare, and the military. I don’t currently benefit from the first two, but I will if I live long enough. (Reports of SS’s demise are exaggerated. The worst case when it runs out of money is that benefits are cut, not that it disappears entirely.) The benefit of the military is debatable but I would argue that there definitely is a benefit, although we spend a lot more than we really need to.

Re: Tax Wrapped 2025

#30
post #26

Earlier quoted context omitted.

we need to kill off fire departments. my house has never burned down and i will never get my money's worth.

This is a strawman. Look up how utterly fucked social security is and tell me with a straight face it is a good system and you'll get value from it.

The most fucked thing about SS is that the tax is capped. Somebody struggling on a minimum wage job is paying the full rate, while I get to stop paying partway through the year. Remove the cap and it starts to look quite a bit healthier.
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