New Tax Brackets

Americans and their country makes me sad.

I’m really gonna have to pay at least 150k in taxes this year wow. My accountant is pretty good though, Lev Bronstein CPA.

That's your tax bracket, but the effective tax rate of basically everyone making less than $50k is super low to non-existant.

In other words, you should change your pay withdrawal with your employer so they don't pull 10% of your paycheck. You should save some money on the side for tax time, because you probably only pay like $300 after all your tax credits are added up at that income level.

Most low income people pay very little to zero taxes because of this. The top 1% of earners pay nearly all of them, and the middle class feels it the most relative to income level. This has nothing to do with what you set up with your monthly pay stub.

They are raising the tax brackets, not the taxes. It means you have to make more to get bumped into the higher rate. It’s an anti inflation measure

https://www.axios.com/2022/10/19/income-tax-brackets-2023-irs

Lmao op ur mad they're making you pay LESS taxes?

New Tax Brackets:

No taxes 😎

A. You don't understand how income tax works, it's brackets, doesn't mean the entire income is taxed at the max rate you fall into, it's just the income in each bracket
B. Bumping the range for each bracket will effectively lower taxes so not sure what you're mad about
C. "Almost 25% for most people out there earning a normal salary.", less than 15% of US households make more than $190k (the threshold for the 24% bracket - and again, only income in the $190k-364k range is taxed at that rate anyway), so not exactly 'most people'

But on the topic of taxes, I definitely think the average taxpayer is getting fucked over, the tax burden is only marginally lower in the US than in the rest of the western world (especially for the middle class), yet the US taxpayer sees virtually nothing in return compared to these other countries where they have healthcare, education, good retirement, unemployment and a bunch of other government funded social programs/benefits.

I'm normal okay!

The US is a SELF-FUNDING quasi-public private charter corporation. They can print US notes at 0% interest and help Americans greatly but CONGRESS LLC chartered the FED through lobbying on behalf of Warburg and Seligman, replacing independent treasuries... the treasury is more or less directed by a foreign body of investors now.


They can tax you for anything because you are complicit in using THEIR FED NOTES. The US is a meme economy top heavy on finance jobs which are parasitical. Income Tax is destroyed upon receipt and is a tax on our unsustainable economy.

"They really need us to pay this when they can conjure TRILLIONS out of thin air..."

Yes, because all those trillions are destroyed upon receipt in the future anyway. Most of the money went to their buddies in banking and to political insiders anyway.

This is what you do OP. Renounce all contracts with US inc. Burn all your fed notes to keep warm which will help reduce inflation. Move to an unincorporated region and start your own cult with its own currency.

I don’t understand—it’s been like 15 years since i made below $11k—is 10% income tax a new thing? Seems like with all the government aid, deductions, you’re netting more than you’re paying anyways.

i hate the IRS too, just confused what the problem is? Except for the entire world…

Its becoming less of an incentive to make money when its just all getting taken plus inflation on every basic necessity. Sure tax the fuck out of me if I can get healthcare, reasonable time off, work less etc like Euro countries however we don't get shit accept some people shoving pronouns down your throat or rednecks screaming America and trying to convince people that trump is still president. sorry for the rant.

Joe biden is not getting a dingleberry off my hairy ass, how bout that? All you cucks can pay while jeff bezos laughs at you.

ChadThundercockJoe biden is not getting a dingleberry off my hairy ass, how bout that? All you cucks can pay while jeff bezos laughs at you.

Lmao I love how you're dodging the fact you thought you were gonna pay more taxes but it's actually less. Dipshit.

Monsieur_PatateA. You don't understand how income tax works, it's brackets, doesn't mean the entire income is taxed at the max rate you fall into, it's just the income in each bracket
B. Bumping the range for each bracket will effectively lower taxes so not sure what you're mad about
C. "Almost 25% for most people out there earning a normal salary.", less than 15% of US households make more than $190k (the threshold for the 24% bracket - and again, only income in the $190k-364k range is taxed at that rate anyway), so not exactly 'most people'

But on the topic of taxes, I definitely think the average taxpayer is getting fucked over, the tax burden is only marginally lower in the US than in the rest of the western world (especially for the middle class), yet the US taxpayer sees virtually nothing in return compared to these other countries where they have healthcare, education, good retirement, unemployment and a bunch of other government funded social programs/benefits.

To your last point- I mean we don’t talk about it in these terms generally but Western European democracies generally have immigration policies that mirror what the far right advocates for in the US. Oh you’re fleeing genocide? Are you rich? No? Whelp sorry fuck off this country is full. This is a very different nation than the rest in that regard, but the consequences of that in one regard are that we have a fuck ton of poor people, comparatively speaking. At it’s best, the “land of opportunity” is a place where people don’t stay poor, if you work hard you can pursue happiness in any form you choose, which you could never do in Europe. It’s just not culturally built that way and you can’t just show up and say hey I want to be Danish, please spend your tax money on me.

**This post was edited on Oct 21st 2022 at 9:45:52pm

CaseyTo your last point- I mean we don’t talk about it in these terms generally but Western European democracies generally have immigration policies that mirror what the far right advocates for in the US. Oh you’re fleeing genocide? Are you rich? No? Whelp sorry fuck off this country is full. This is a very different nation than the rest in that regard, but the consequences of that in one regard are that we have a fuck ton of poor people, comparatively speaking. At it’s best, the “land of opportunity” is a place where people don’t stay poor, if you work hard you can pursue happiness in any form you choose, which you could never do in Europe. It’s just not culturally built that way and you can’t just show up and say hey I want to be Danish, please spend your tax money on me.

**This post was edited on Oct 21st 2022 at 9:45:52pm

You're a real piece of shit arent you motherfucker? Joe biden lied to me so many fucking times I am about at my wits end. We were promised all these social services and safety nets to what avail? To just end up homeless and destitute outside some city hall as a political zombie begging some mayor or governor to feed us? Get the fuck out of here and come back with a real argument why we shouldn't be more like Europe. You are really pissing me off motherfucker. Biden can print money, so fucking PRINT IT and don't beg my poor sorry ass for it.

CaseyTo your last point- I mean we don’t talk about it in these terms generally but Western European democracies generally have immigration policies that mirror what the far right advocates for in the US. Oh you’re fleeing genocide? Are you rich? No? Whelp sorry fuck off this country is full. This is a very different nation than the rest in that regard, but the consequences of that in one regard are that we have a fuck ton of poor people, comparatively speaking. At it’s best, the “land of opportunity” is a place where people don’t stay poor, if you work hard you can pursue happiness in any form you choose, which you could never do in Europe. It’s just not culturally built that way and you can’t just show up and say hey I want to be Danish, please spend your tax money on me.

**This post was edited on Oct 21st 2022 at 9:45:52pm

I think you missed my point, I'm just saying that since there are virtually no social benefits in the US today and only a marginally lower tax burden for the average taxpayer compared to Europe, from a pure ROI standpoint, a middle class taxpayer is better off in Europe than in the US. I'm not saying we should necessarily implement social benefits similar to Europe, but if we're not, then taxes probably shouldn't be that high comparison for the middle class imo. (I say middle class because it's not true for the top earners, investors, and corporate profits since those are significantly less taxed in the US than in Europe)

Per your point, maybe poor immigrants are better off in the US than in Europe because of better opportunities to get out of poverty and integrate into society, sure, but that's not really my point.

Monsieur_PatateI think you missed my point, I'm just saying that since there are virtually no social benefits in the US today and only a marginally lower tax burden for the average taxpayer compared to Europe, from a pure ROI standpoint, a middle class taxpayer is better off in Europe than in the US. I'm not saying we should necessarily implement social benefits similar to Europe, but if we're not, then taxes probably shouldn't be that high comparison for the middle class imo. (I say middle class because it's not true for the top earners, investors, and corporate profits since those are significantly less taxed in the US than in Europe)

Per your point, maybe poor immigrants are better off in the US than in Europe because of better opportunities to get out of poverty and integrate into society, sure, but that's not really my point.

Yeah well the immigration part is one issue, maybe not even the main one I was just looking at a stat that 57% percent of households paid no FIT last year- we just have a huge block of low wage earners regardless of origin. I think also the Federalist system creates huge inefficiencies when it comes to big time national benefit programs. One of the big issues in my state WA is like, on top of federal taxes we have high property taxes, high sales taxes, high gas tax, a huge regional levy for light rail, a cap and trade carbon tax slated to hit next year, and yeah the social safety net is still bare bones we’ve got tent cities on every sidewalk, homeless people OD’ing under every overpass, private pre K is thousands per month and every school has a waiting list, it’s hard to see how the high tax alternative could be any worse, but when people are getting squeezed like this, the conversation is generally DOA because all people here is raising taxes and not getting shit for it. Seems like the compromise we landed on is kind of the worst of both worlds- we still pay a lot but don’t seem to get a lot.

CaseySeems like the compromise we landed on is kind of the worst of both worlds- we still pay a lot but don’t seem to get a lot.

Totally agree, I don't see it changing anytime soon unfortunately tho

OP you seem to think that we've spent "trillions" on the ukraine war (in reality it's less than a percent of our annual military budget) and you think that your taxes going down means they're going up

i think you should ask for a refund from 4chan university

based rant tho

PsychicMigrationIts becoming less of an incentive to make money when its just all getting taken plus inflation on every basic necessity. Sure tax the fuck out of me if I can get healthcare, reasonable time off, work less etc like Euro countries however we don't get shit accept some people shoving pronouns down your throat or rednecks screaming America and trying to convince people that trump is still president. sorry for the rant.

Apparently OP is banned idk if from this thread, but really not living up to their username. A chad whining about everything? Time for a name change, not very chadlike

SofaKingSickOP you seem to think that we've spent "trillions" on the ukraine war (in reality it's less than a percent of our annual military budget) and you think that your taxes going down means they're going up

i think you should ask for a refund from 4chan university

Can't ask for a refund when he had a scholarship from daddy Biden.

OP doesn't understand that the personal exemption and the standard deduction together are in excess of $11K. So no, someone earning 11K will not pay any income tax. They will continue to reap the benefits given to them for free by everyone else, though. Its been this way forever.

That 11k amount only comes into play for people earning higher than that



For example, lets say you make 50 grand a year, the first 11k of that is taxed at 10 percent... Income between that threshold and $41,775 would be taxed at 12%, and on and on up through the tax brackets.

If you make 50 grand a year or something, only the last like 8,225 would be taxed at 22%, not the whole of the 50 grand...

Even for billionaires, the first 11k is taxed at only 10 percent.



If you only make only 11k, you won't pay a red cent in taxes.

CaseyTo your last point- I mean we don’t talk about it in these terms generally but Western European democracies generally have immigration policies that mirror what the far right advocates for in the US. Oh you’re fleeing genocide? Are you rich? No? Whelp sorry fuck off this country is full. This is a very different nation than the rest in that regard, but the consequences of that in one regard are that we have a fuck ton of poor people, comparatively speaking. At it’s best, the “land of opportunity” is a place where people don’t stay poor, if you work hard you can pursue happiness in any form you choose, which you could never do in Europe. It’s just not culturally built that way and you can’t just show up and say hey I want to be Danish, please spend your tax money on me.

I would much rather be an immigrant in a European city than an American city at this point simply due to the ease and cost of commuting to work...

For one, I won't require all the expenses of maintaining, fueling, and insuring an automobile - and thus being a slave to it just in order to get to my place of work. That creates an undue burden of stress on a person - something that I never realized until I didn't need to spend 2 hours of my day in a car, stressing out in traffic or struggling to find a parking spot - and then paying for parking.

In Europe there are places you need a car, but theyre generally pretty damn rural - where people are less likely to need to commute super far to work as the industry is usually agriculture... and you usually don't need to drive very far to find the nearest train station in order to take a trip someplace.

A car costs, on average, about 10000$ per year (or 900$ a month) to own, operate, and commute within the USA (this is according to AAA). If you make 50 grand, that means youre paying 20% of your income just to your car and your commute. That's more than you'd ever pay in taxes, and at least as much as you'll end up paying in rent.

Sure, you can save a lot of money if you work remotely, but a lot of companies are starting to require people to work in the office again, as they want to have oversight over their employees' productivity. And Immigrants are less likely to be able to get remote jobs like that (plus they still have expenses such as the cost of a good computer for whatever it is you can do remotely)

However, Lets just for example, say I'm a fresh immigrant, living in London... in a more humble area that's actually affordable, say like... Croydon or whatever, and I had a job in SOHO or somewhere else in the thick of the city doing some job working in a restaurant or whatever... And I'm commuting by the tube every day (even on my days off, because I want to go out to cool areas and flirt with hot English babes), I'd still only pay about 3-3.5 grand annually in commute (high-end).. that's upwards 7000$ in savings over maintaining and operating a car in the US these days... that's 7 grand more per year that I can either put towards weekend alcohol benders getting into all sorts of trouble at the pub, or saving towards something important.

In Tokyo, it's about the same cost as in London, but you get the added benefit where usually your company pays for your commute expenses anyway - saving you the whole 10 grand... which at 2-2.50$ for a humble Asahi Super Dry at an izakaya... that's a LOT of beer you can buy...

If I'm an immigrant I'm saying FUCK the USA, I'm going to go right to somewhere in Spain or Portugal, where I'll commute by train every day, and feed myself by eating delicious oranges right off the trees that grow seemingly everywhere in the country.

The USA is awesome if you're privileged to have been born into a healthy household like I was as well as the grand majority of people on this site (you're skiers - shut up, you're privileged as fuck lol), but it can be a nightmare if you're an immigrant trying to move up the ladder... there are just too many things that could impede your progress toward living a fulfilling life - and auto-dependent infrastructure and the cost burden taken on by daily commuters are surely one of them.

FJB