We’ve heard these words thousands of times. For those that agree they don’t, what does it mean to you? If taxes go up to 70% - 90% for “rich” folks, do you feel your taxes won’t go up? Let’s say you’re income is between $38,700 - $82,500, currently paying 22%. How much should your taxes go up? Or for some reason do you feel if the rich pay more, then you’ll get more?
When I was in the military, federal tax withholding was calculated at 28 percent. If you also had to pay state tax, then an additional 4 percent was withheld. I know these things because I worked in the Personnel office.
Good for you....what's your point?
You said income between 38,700 and 82,500 is currently taxed at 22 percent. I simply pointed out that in the military, EVERYONE, regardless of income level paid in federal tax at the flat rate of 28 percent, and if you also had to pay state tax (some states didn't tax the military), you paid in an additional 4 percent.
So, in short, 22 percent is not accurate for people in the military. If they don't pay state tax, they pay in 28 percent of their income. If they pay in state tax as well, then their taxes are withheld at 32 percent.