Do you do your own taxes?

ucbalumnus
Fri, 15 Apr 2022 17:12:22 +0000

Perhaps it is not surprising that the forum demographic may be prone to griping about income taxes.

ProPublica – 13 Apr 22

America’s Highest Earners And Their Taxes Revealed

Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes. Tech titans, hedge fund managers and heirs dominate the list, while the likes of Taylor Swift and LeBron James didn’t even make the top 400.

It has a figure with the following:

Taxpayer | Income + Payroll Tax Rate
Single Worker Earning $45k | 21%
Married Couple With One Child Earning $200k | 26%
Top 400 by Income | 23%
Top 15 by Income | 20%
Top 25 by Wealth | 16%