5.4% income tax increase for 2024

[TroglocratsRdumb]

IRS confirms new tax brackets for 2024 - here's what it means for YOU

US tax brackets will rise by around 5.4 percent next year in line with inflation , the Internal Revenue Service (IRS) has confirmed.

www.dailymail.co.uk

US tax brackets will rise by around 5.4 percent next year in line with inflation, the Internal Revenue Service (IRS) has confirmed.
From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.
Meanwhile the highest rate of 37 percent will now apply to workers whose salaries exceed $609,350, up from $578,125 in 2023. Middle-income thresholds all saw similar rises.
From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.
Meanwhile the highest rate of 37 percent will now apply to workers whose salaries exceed $609,350, up from $578,125 in 2023. Middle-income thresholds all saw similar rises.

Comment:
The Politicians don't care how much they spend because they can always raise taxes some more.

 

[1srelluc]

The dems not only cause the inflation they are now going to tax you for it with their new 87K IRS agents.....Does something seem amiss here?

 

[TroglocratsRdumb]

Those 8 million new Democrat Voters aren't going to pay for themselves.

 

[Flash]

One of the failings of Constitutional Republic is that we allow those shitheads in Congress to raise our taxes so easily.

We should have it so that no budget, debt or taxation can pass without a 80% nation wide margin vote of the people.

 

[Lord-Humungus]

Congress should be held accountable for their out of control spending and receive a pay cut twice that of the tax increase. It will be interesting to see how the media and awH lie and try to convince people they are paying less in taxes

 

[TroglocratsRdumb]

One of the failings of Constitutional Republic is that we allow those shitheads in Congress to raise our taxes so easily.

We should have it so that no budget, debt or taxation can pass without a 80% nation wide margin vote of the people.

We are spending at 120% of our GDP.

What the National Debt Means to You

The U.S. debt grows every year. How does national debt affect you?

www.investopedia.com

 

[Harpy Eagle]

Congress should be held accountable for their out of control spending and receive a pay cut twice that of the tax increase

or you all could quit voting for the same people doing all this spending

 

[MarathonMike]

Those 8 million new Democrat Voters aren't going to pay for themselves.

Yep, that's a whole lot of new food, clothing, shelter, medical care, housing, border patrol, law enforcement and education costs. Bend over taxpayers, the Democrats did it to you AGAIN!!

 

[Lord-Humungus]

or you all could quit voting for the same people doing all this spending

Those who are educated are not the problem, it’s this who think the government is going to give them free shit that’s the problem. Voting for an incumbent in 2024 should be considered treason

 

[Toddsterpatriot]

5.4% income tax increase for 2024​

That's not a tax increase.

 

[Mikeoxenormous]

IRS confirms new tax brackets for 2024 - here's what it means for YOU

US tax brackets will rise by around 5.4 percent next year in line with inflation , the Internal Revenue Service (IRS) has confirmed.

www.dailymail.co.uk

US tax brackets will rise by around 5.4 percent next year in line with inflation, the Internal Revenue Service (IRS) has confirmed.
From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.
Meanwhile the highest rate of 37 percent will now apply to workers whose salaries exceed $609,350, up from $578,125 in 2023. Middle-income thresholds all saw similar rises.
From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.
Meanwhile the highest rate of 37 percent will now apply to workers whose salaries exceed $609,350, up from $578,125 in 2023. Middle-income thresholds all saw similar rises.
View attachment 856444

Comment:
The Politicians don't care how much they spend because they can always raise taxes some more.

View attachment 856446

 

[Lord-Humungus]

5.4% income tax increase for 2024​

That's not a tax increase.

What?

 

[Toddsterpatriot]

What?

Increasing the brackets.
It's to prevent Bidenflation from causing us to pay more taxes through "bracket creep".

 

[Lord-Humungus]

Increasing the brackets.
It's to prevent Bidenflation from causing us to pay more taxes through "bracket creep".

It’s still a tax increase no need to lie about it.

 

[Harpy Eagle]

Those who are educated are not the problem, it’s this who think the government is going to give them free shit that’s the problem. Voting for an incumbent in 2024 should be considered treason

Voting for the duopoly in 2024 should be considered treason

 

[Harpy Eagle]

It’s still a tax increase no need to lie about it.

Just the opposite actually. If you make the exact same amount this year as last you will pay less unless you are making less than 11,000 a year

 

[Toddsterpatriot]

It’s still a tax increase no need to lie about it.

No, adjusting the brackets is not a tax increase.

From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.

If inflation was 5.4% last year and you got a 5.4% raise, your "real income" is unchanged.
By raising the brackets 5.4%, your "real income tax" is also unchanged.

 

[Lord-Humungus]

No, adjusting the brackets is not a tax increase.

From 2024, the lowest tax rate of 10 percent will apply to those earning up to $11,600, up from $11,000 this year.

If inflation was 5.4% last year and you got a 5.4% raise, your "real income" is unchanged.
By raising the brackets 5.4%, your "real income tax" is also unchanged.

That must be the new math thinking democrats are pushing

 

[Harpy Eagle]

good thing this is just the opposite of a tax increase

 

[Crepitus]

View attachment 856444
For comparison:

Taxes are only going up for the wealthier folks.