Choking on the tax pill

Got job as software engineer in silicon valley. Ecstatic to be making $100k for the first time. After taxes, only get $50k. WTF. They take half my money. For what?!

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youtube.com/watch?v=RBqjZ0KZCa0#t=42s
youtube.com/watch?v=SXDhMvFoXrc#t=6s
smartasset.com/taxes/california-tax-calculator#6ChDuEWNkX
libertyforlife.com/constitution/us-16th-failed-ratification.htm
marketwatch.com/story/federal-budget-deficit-climbs-66-in-may-2018-06-12
thestar.com/news/world/analysis/2018/04/09/trumps-tax-cuts-budget-spending-bill-to-raise-deficit-to-1-trillion-by-2019-analysis.html
money.cnn.com/2012/09/21/pf/taxes/romney-tax-return/index.html
cbc.ca/news/politics/federal-market-debt-1.4590441
usdebtclock.org/
twitter.com/NSFWRedditGif

Surely youre exaggerating. iirc, your bracket is 38%?

Maybe it's almost half, but not exactly half.

state taxes and city taxes on top of that probably

>Got job as software engineer
Lol get fucked.

This is the America all these guys here love so much

Who is these guys?

Lol poorfag

Kek.

This desu senpai

Communism faggot

Gotta pay for dem programs.

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>he pays taxes

haha that's why you negotiate a cash payment of your salary

add state tax and other bullshit.

100k in the Valley is like making 50-60k elsewhere, enjoy Cali.

It can be. Especially in commieformia.

For the niggers and spics obviously, seriously what do you think taxes are for user?

Kekistani Americans

>taxes
cute

Not real communism
Real communism kills the fucking kikes first

and we STILLL don't have universal healthcare lol

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omg. You are a fucking idiot if you dont work the system.
>What is a Tax preparer?
>What is claiming Married and 99?
Ffs learn to Adult you fucking moron.

Cause of your dumbass flag, thats what importing spics and nigger gibs costs retard

then you have to pay exorbitant rent for just living there and live as a poor class
thats how you become a communist

>silicon valley
That's fucking Cali taxes for you, move to a 0% income tax state you retard, at least you'll save 17%.

>>What is claiming Married and 99?

I'm not married.

No tech jobs in rural montana retard

For Jose, Pablo, Conchita, Mamacita, Abiela, Jose 2, and Crazy Cousin Lalo to have a rent-free apartment in East San Jose.
Gracias witeboi!

FInd out if your employer as a 401k plan and make max contributions
Open IRA and make max contribution
Stash money in a Heath Savings Account

>he doesn't realize that employers are required to report what they pay you
your NEETdom is showing

similar situation here. half of the reason why i'm a conservative now.
pay for your own damn useless mouths, assholes. i'm sick of clothing, feeding, sheltering, and educating your fucking crotchfruit.

mandatory abortions for anyone making less than 50k.

>For what?!

youtube.com/watch?v=RBqjZ0KZCa0#t=42s

youtube.com/watch?v=SXDhMvFoXrc#t=6s

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Do this -- I was able to reduce my effective tax rate (Federal + State + FICA) to 16.5% last year.

If you make over 100k and live in the wrong area it's really easy to get taxed over 50% between state federal and local taxes. The Feds tax at up to 38% I guess? Then some states tax at between 6-10%. Then some local areas have an 8% or higher sales tax. Then you have a property tax of at least 2% in most areas and since the city makes a lot of $ off the property tax and are also the people who evaluate how much your house is worth that's a huge part of what drives the housing bubble oh look goy your little Bungalo from the 1950s in California is worth $350,000 so you need to fork over 2% of that every year that's $7,000. The whole system is a scam and again none of this money is going to fix your local roads or to cure cancer it's going to blow up random sand niggers and feed other sand niggers in a retarded mess where the left hand doesn't know what the right hand is doing and our government has hundreds of hands. I'm surprised we haven't collapsed yet it's inevitable Trump can't save us from this BS that's been going on since they started the Fed up in what 1917 or so?

>Ecstatic to be making $100k for the first time. After taxes, only get $50k.
Shaddup plebian.
Somebody's gotta pay for all the fucking wetbacks.
You wouldn't want those silicon valley millionaires to have to pay market wages for domestic help, would you?

I'm an independent contractor not an employee and if they pay me in cash it's up to them on how they report it.

stop being an entitled shit you fucking faggot. Some people don't have the same opportunities as you do. You should be grateful you have a job and able to pay for things. Now work more while I collect 50k of food and housing and education. Let me also enjoy my chiliean sea bass and lobsters like you can you fuck face CIS white or asian scumbag

smartasset.com/taxes/california-tax-calculator#6ChDuEWNkX

buddy ur effective tax rate is 36%. wtf r u talking about half?

if you are only making 100K in silicon valley you aren't doing well user.

>smartasset.com/taxes/california-tax-calculator#6ChDuEWNkX
Tax Type Marginal Tax Rate Effective Tax Rate 2017 Taxes 2018 Trump Taxes*
Federal 25.00% 18.14% $18,139 $15,410
FICA 7.65% 7.65% $7,650 $7,650
State 9.30% 6.34% $6,340 $6,280
Local 0.00% 0.00% $0 $0
Total Income Taxes $32,128 $29,340
Income After Taxes $67,872 $70,660
Looks like Trump just saved you $3000 next year that fucking Nazi bastard.

libertyforlife.com/constitution/us-16th-failed-ratification.htm
also look into Sherry Jackson ex IRS agent.
>for what
you could hardly imagine the evil sponsored by tax dollars.

Yeah no shit. Trump's tax cuts are great for wealthy Californians.

And all that just gets piled onto the national debt.

Federal budget deficit climbs 66% in May
marketwatch.com/story/federal-budget-deficit-climbs-66-in-may-2018-06-12

Trump’s tax cuts, budget spending bill to raise deficit to $1 trillion by 2019: Analysis
thestar.com/news/world/analysis/2018/04/09/trumps-tax-cuts-budget-spending-bill-to-raise-deficit-to-1-trillion-by-2019-analysis.html

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>Real communism kills the fucking kikes first
Real communism is run by kikes.

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dumb leaf thinkling he knows how US taxes work. go pay your 20% sales tax.

You want to hear something more infuriating? Waitresses get paid Minimum wage or $15/hour in addition to the 20% tip that they expect.

I know better how US taxes work than any of you fucking right wing retards.

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that's cause u cucks always give massive tax breaks to the rich

Romney paid 14% effective tax rate in 2011
money.cnn.com/2012/09/21/pf/taxes/romney-tax-return/index.html

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You dont have to be. You just fucking write it in. People do this every fucking day.

chimpouts and immigrants

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Canada you realize your taxes are higher right?

Our taxes are generally lower. There's lots of variables of course. Depends on the state vs province. But generally we have lower tax rates on the first $200k, u supercucks give massive tax breaks to the ultra wealthy.

Not to mention we don't pay for healthcare or road tolls. And we're not running $1 trillion deficits like u morons.

Niggers, spics, Jews and war.

You voted for this.

wars for israel and ethnically cleansing white people

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Work for liberals, Hey this is bullshit. Ha ha ha fuck you

>And we're not running $1 trillion deficits like u morons.
cbc.ca/news/politics/federal-market-debt-1.4590441

Repeal NAFTA now!
Stop protecting Canada militarily!
Send all Refugees up north!

>Real communism kills the fucking kikes first
Real communism was started by (((them))). Marx to to Bolshevism to the majority of early Socialist/Communist leaders.. all (((them))). It's always (((them))). The only functioning anti-hebraic system for any civilisation is Nat Soc. At least commie influenced Strasserists accepted jewish parasitism/degeneracy.

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You don't even know the difference between debt and deficit.

Our annual deficit is $16 billion

Yours is $1 trillion and climbing.

actually we told u retards not to invade iraq

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You fell for the California meme fag, enjoy paying your taxes

you meant Keynesianism americans right?

>raise taxes on rich
>someone making $100K now makes $50K
>someone making $50K still makes $50K
>doing more work than working class but making the same amount of money

being this retarded about how taxation works

jfc what is wrong with u retards

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a leaf

To turn you into a conservative, faggot. Repubs own all businesses that actually make money. How's our plan working?

You voted for this faggot.

>FICA 7.65% 7.65% $7,650 $7,650
>State 9.30% 6.34% $6,340 $6,280
>Local 0.00% 0.00% $0 $0
>Total Income Taxes $32,128 $29,340
>Income After Taxes $67,872

You're not including Social Security taxes which is like another 15%

WHO DO YOU THINK HAS TO PAY FOR THE HOMELESS DRUG ADDICTS AND DRUNK MEXICANS THE LEFTISTS ARE IMPORTING

Social Security tax is FICA you unemployed, useless fucking right wing retard who knows nothing.

I hate you fucking morons so much and your flag is the worst of all.

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memeflag with a garbage post, imagine my shock.

something something give me half your hours spent working sweetie while i give jeff bezos 0% tax

>They take half my money.
probably more than that when you add up all the miscellaneous taxes and fees we gotta pay.

>Got job as software engineer in silicon valley.
Yea and I'm sure you're also 6'3 with python like biceps too right?

You're a cash cattle for the ultra rich and 3rd world offspring. Congrats. It only gets worse from here

>38%
that still wouldn't be okay faggot

Lol yeah. Dude it's ONLY 38%. y u mad doe?

And the roads, public transit, running water, fire control, police, emergency care etc. You think they are just funded by magical money trees?
The pure state of retardation of the coservafag:
>I DUN WAN GUBBERMENT IN MA POCKETS!
>I WANT MY MONEY FO MA FREEDOM!

Yet doesn't realize taxes pay for luxuries of a functional society.

Mate it's fucked. I've been talking with all these lefties on facebook recently and found out they're all either unemployed uni grads on welfare or in shitty jobs and uni grads that were recently on welfare.

None of them understand how fucked it is to try and get ahead with your finances, be it income, investments or business.

I'm a part of 3 businesses that are being built up and I found out why businesses do end of financial year sales here, because no one wants to be left holding stock because of the stupid fucking taxes you pay for it.

Here let me give you guys an example, business brings in $600k revenue, lots of expenses and everything as per normal, however they just bought $100k stock shipment with that revenue, but because it isn't sold yet they still have to pay tax on the 100k that they already spent on new stock just because it's a week before EOFY they have no chance to jetison with a firesale and if they were to try and clawback some taxes for it they'd have to hire a fulltime book keeper purely to count fucking stock at about $60,000 p.a.

Now when you get into the nitty gritty it makes a bit of sense but at the end of the day the system is setup to fuck over small businesses and startups and the system is designed to punish people for succeeding unless you play the tax system game and unless you play the investment game which isn't too bad.

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holy shit i didn't even save that one that long ago

usdebtclock.org/

You understand muh roads aren't paid for by income tax?

This is why all business and capital gains taxes should be eliminated. We should be able to pay for everything through property, sales, and income taxes.

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>implying a state is required to build roads, have a bus system, have fire departments, have police, have hospitals
you are brainwashed by the educational system

Public roads are. Otherwise they are funded by tolls.

Either way, taxes do fund road ways in some way. Otherwise all roads would have a toll booth on them.

Not to mention none of that stuff is paid for from the 38% federal rate.

The feds are damn near worthless desu.

30k

Not by the federal income tax

u retards don't even understand how corporate taxation works

they only pay tax on profits

>Here let me give you guys an example, business brings in $600k revenue, lots of expenses and everything as per normal, however they just bought $100k stock shipment with that revenue

the stock shipment counts as an EXPENSE you fucking moron

revenues - expenses = profits

u only pay tax on profits

yes by the federal income tax

the federal govt spends money on infrastructure

>doesn't redirect income to self-owned mailbox business on the Isle of Man

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I would not recommend lying to the IRS, underage.

>u only pay tax on profits

oops i shoulda said corporations not u

u pay tax on your revenues

get fucked

Hence why I said luxuries you retard. learn to read a whole fucking post and comprehend it.

No one is saying you need those. But guess what, you fall down the stairs you gonna call you doctor to rush over to your house or call 911?
You want to use an interstate highway? Or you want to take the back roads?

we need more gas tax.
let the people who use the roads pay for them.

veterans get more than education? God damn, they are fucking worse than welfare. It should be every american soldiers duty to die in combat! Fucking whiny scared bitches.

I'm sorry, are you saying companies don't pay tax on inventory?

Most states have different tax brackets from the $220k range all the way up to the $1m range. In Canada, once you're making over roughly $220k per year in any province, you're in the highest bracket. All of the quick checks I've done on taxes have shown that overall the U.S. is cheaper than Canada on income tax. So what if I need to pay my hospital bills? The money I'm saving would be more than enough for a top-notch insurance policy.

>silicon valley
>Commiefornia
>bitching about taxes
what the fuck did you expect your welfare programs to pay for them self

Stop

Do the graph/chart pictures figures fluctuate much, and on what time frame basis (yearly, decadely)?

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Healthcare isn’t a right it’s a privilege