OK. But there's no 39% tax bracket now. The top rate for 2020 was 37% for incomes over $622,051 for married filing jointly.Left Seater wrote: ↑Sun Jan 24, 2021 11:43 pm Mikey, Biden has said he wants a 39% tax bracket. There is nothing to rethink. Having a 39% income tax bracket on top of his business tax rate is state confiscation.
And Diego is typical Liberal race baiter. The referenced tweet mentions no race. It does mention low income housing. Racist liberals like Diego add race to it. As MLK said poor isn’t specific to one race.
Your other post was pretty misleading, unless you don't know how the tax brackets work. You pay 10% up to $19,750, 12% on anything over that up to $80,250, and so on. So nobody is paying 37% of their income in federal income tax. If you're made $700,000 on taxable income in 2020 you'd be paying 28%. If you make $200,000 you're paying 18%.
Also, not too many employers are paying their "employees" enough to put them into any tax brackets over 22%.
So, try and be a little realistic when spouting your bullshit, OK?