[FoRK] Chart of the Day...
J. Andrew Rogers
andrew at ceruleansystems.com
Tue Jun 8 16:04:45 PDT 2010
On Jun 8, 2010, at 2:08 PM, Frank Hegyesi wrote:
> Your metric of "half my stuff to give to the poor" seems hyperbolic to me.
> To reach the 35 percent federl tax bracket you have to make over 350
> grand a year, so God bless on making a hell of a lot more money than
> normal folk.
Adam's "half my stuff" is trivially true in many states just considering the various payroll taxes. You don't even need a remarkable income to find yourself in that situation, being a software engineer will do.
To use California as an example, since I am familiar with that case, it is not unusual that the payroll check you give an employee is smaller than the check that gets sent to the government for said employee at the same time. My math is fuzzy, but that sounds suspiciously like "half".
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