LogFAQs > #895695503

emblem boy posted...

MedeaLysistrata posted...
i guess i don't even know enough about taxation to have an informed opinion

flopic

http://static6.businessinsider.com/image/5a5e44bcf42149a3018b5183-1200/2018%20tax%20brackets%20for%20single%20filers.png

Then add in payroll taxes and state taxes if necessary

the 40%-60% rate is very reasonable (60% is on the high side) when talking about all taxes and not just income taxes (why would you just be talking about income taxes, anyway?)

also, it literally is true in other countries even just for the income tax:

http://money.cnn.com/2013/04/01/pf/taxes/top-income-tax/index.html

At 60.2%, Denmark last year had the highest top personal income tax rate among the 34 countries in the OECD, an organization of developed and emerging countries. And that 60.2% applied to income over roughly $55,000.
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