So we are paying - we're just paying differently. A person here on $70 is paying 40% - in the use would still only be paying 25%. That's a huge difference.
its 25% for federal taxes
then dont forget state taxes from 1% to 11%
then 6.2% for Social Security
1.45 % for Medicare
that puts the tax on 70000 at between 32.65% and 43.65% depending on what state you live in.
Do you guys have sales taxes and gas taxes, luxury taxes, cigg taxes, capital gains taxes? I am just curious .... Its a wonder how any of us can pay the mortgage- Do you guys pay alot for energy? Like electricity? I know you pay triple what we do for gas- so I guess they must tax that too over there?
Do they tax food? and do they tax soda and candy? ( I heard some talk about that recently here) just curious.