The highest tax bracket is 36%. Are you saying another 14% of your income is gobbled up through state tax, sales tax, property tax, etc.? I guess that’s entirely possible. If you throw health insurance premiums into the mix then it’s well above 50%. I just did my taxes a few weeks ago and my total health insurance premiums for the year, not counting co-pays, deductibles, prescriptions, etc. Was $29,664.72. That’s fucking insane. We need to fix that shit. People are opposed to a single payer healthcare system saying it’ll raise their taxes, but we’re already paying out the wazzoo for it. It would probably be cheaper.
wintermute_oregon@lemm.ee 6 months ago
You also pay state tax, social security, medicare, etc.
I didn’t include sales tax, we do not have it or property tax.
THat is insane, mine is 100 a month with no dependents. 1,200 a year
Anticorp@lemmy.world 6 months ago
It is insane! That doesn’t even seem right. Idk htf I ended up paying that much. But I pulled that number right off my W2, box 12, code DD. Hmm… I actually need to look into this more because that doesn’t sound right at all.
wintermute_oregon@lemm.ee 6 months ago
Some employers charge more and some less. I work in technology and we tend to get really good insurance plans.