That breakdown only accounts for Federal Income Taxes, not to mention state income taxes. And it is only taking into account Income Taxes, and does not consider Social Security & Medicare taxes, which are also payroll deductions. And some cities (NYC) have city income taxes.
Furthermore, it doesn’t take into consideration any non-payroll taxes such as property tax, gas tax, sales tax.....
I keep hearing the Dims say that the mere fact that he is a successful businessman who built an empire & is a billionaire PROVES Bloomberg is obviously very, very smart.
On the other hand, Trump who is a successful businessman who built an empire & is a billionaire is a complete moron.
I didn’t know if it would be considered payroll taxes as Medicare is now.