[FoRK] today

Stephen Williams sdw at lig.net
Sun Jun 2 22:25:17 PDT 2013


On 6/2/13 9:34 PM, Adam L Beberg wrote:
> Stephen D. Williams wrote on 6/1/2013 10:47 PM:
>> Rates are progressive from 1% to 9.3%, and stretched for couples and
>> head of household.  For HoH, the 9.3% rate doesn't kick in until
>> $93,532.  That means that the first $93,532 is taxed at a 4.4% rate.  A
>> fairly large range works out to about 5% in both Virginia and
>> California, making them essentially equivalent.
>
> For single people it's:
> "For earnings between $46,766.00 and $1,000,000, you'll pay 9.30% plus $2,059.00"
>
> If you can afford to live here, that puts the vast majority of your income at the 9.3% rate. Even a noob is going to get ~100k 
> + stock and bonus, so 2/3 is at 9.3%. And if you're married, you're both working, so the numbers all double but the rates 
> still 9.3% on almost all your income.
>
> Of course, that's only if your poor. Rich people have deductions :) 

Poor people usually are head of household and have dependent deductions, plus child care or college expenses, and they have a 
lot of (i.e. all) time and resources drained that could have led to more money.

For single with no humans to be responsible for:
octave> (2059 + (100000-46766)*.093)/100000
ans =  0.070098
octave> (2059 + (150000-46766)*.093)/150000
ans =  0.077732
octave> (2059 + (200000-46766)*.093)/200000
ans =  0.081549

So, 7% at 100K, 7.7% at 150K, and 8.1% at 200K.

That 4.4% for the first 46766 takes the whole percentage down.
octave> 2059/46766
ans =  0.044028

sdw



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