How much assistance do the rich need though so the workers should be funding most of it.
Comment on somebody has a case of the Mondays
Quokka@quokk.au 3 days agoI hardly think a tradie should be hitting a 40% tax bracket, let the rich pay the high rates not the struggling workers.
SatansMaggotyCumFart@piefed.world 3 days ago
Quokka@quokk.au 3 days ago
The rich who extract the wealth from the workers through not paying their fair share of profits should be paying most of it. (Or better yet not allowed to exist in the first place)
The people who need assistance are the ones least capable of paying for it.
SatansMaggotyCumFart@piefed.world 3 days ago
They also create the jobs so they’re paying all that tax too.
Quokka@quokk.au 3 days ago
Hahaha that’s a funny joke. Job creators 😂 I suppose all that wealth trickles down as well.
The rich are more than well off, they can afford to pay their fair share as our planet dies from the ecological cost of their actions. We don’t need to go defending them.
some_designer_dude@lemmy.world 3 days ago
All what tax? The Job Creators’ tax? It doesn’t exist. That’s what we’re asking for.
breadsmasher@lemmy.world 3 days ago
you dont have to keep licking the boot, you can choose not to
Einskjaldi@lemmy.world 3 days ago
Including property tax, sales tax, healthcare, it’s not hard to hit 40 total
Quokka@quokk.au 3 days ago
Image
The mean annual wage for a tradie is $43K, which should put them in the 12% tax bracket.
So all those other taxes are adding up to an additional 28%?
Einskjaldi@lemmy.world 3 days ago
No. If you’re doing 55 hrs with overtime you should be closer to 60.
SpeakerToLampposts@lemmy.world 21 hours ago
After the standard deduction, that’d still put them in the 12% bracket, even if they’re single. And that 12% is just the marginal rate, not the overall rate.
If single person made $60k in 2025, and only got the standard personal deduction ($15,750), that deduction drops their taxable income to $44,250. Of that:
The first $11,925 is taxed at 10%, so $1,192.
The rest ($32,325 = $44,250-$11,925) is taxed at 12%, so $3,879.
Their total income tax is thus $5,071 (=$1,192+$3,879).
$5,071 / $60,000 = 0.08452, meaning they’d pay an effective tax rate of 8.452%.