Is that 45% marginal? Because the post you reply to talks about 40% of their income i.e. not the marginal rate.
I sometimes wonder if it would substantially change the tax conversation if everyone understood what a marginal tax rate was.
I sometimes wonder if it would substantially change the tax conversation if everyone understood what a marginal tax rate was.
I bring this whole thing up not because I don't understand marginal tax rates, but because the issue isn't "tax brackets" or marginal tax rates, but its deductions and other loopholes that allow people to pay far less then that in "effective tax rates". Lets not even get into the spending side of things and how much waste there is in the system that effectively funnels those funds to a federal contractors.
https://smartasset.com/taxes/california-tax-calculator#8x5pQ...