40% fed tax + 7.5% social security... plus match. 55% tax if you have no real write offs... and that’s if you do not have state income tax, which can range from 5-10%
out of all that money, 50-65% of your time, about 60% of what you send in goes to pay entitlements... these losers
screw that
Another commenter at the Guardian told me to leave my “echo chamber” and referred me to video of a retired New York City police Captain who has joined the OWS http://www.youtube.com/watch?v=apP7nZJIKEY
Hillarious: a fairly young man with a pension and life time health insurance complains that others are greedy. He might take a look at how his union reps are paid. His contract should be enforced as long as the City can afford it, but he shouldn’t be shocked that the City cannot continue to make such generous contracts.
Most people don’t have unions and are forced to make do with Social Security and Medicare, if they are lucky enough to retire at 65!
He claims millionaires want to become billionaires in order to have gold plated toilet seats! And yet, he acknowledges that those millionaires support jobs and the taxes that he wants the City to have. There is nothing wrong with wanting to be a millionaire or a billionaire.
In fact, the Captain is wrong in assuming that because some are millionaires, others are harmed. That’s like looking at a fat man next to a thin man and claiming that the fat man took food from the thin man. It’s not likely except in a very closed system.
New York City is doing its best to run off the millionaires with taxes and regulations. Our Nation is not a closed system - the millionaires are free to move to another City or State and even to another country where they can make a profit. The Captain should understand - but obviously doesn’t - that it’s those taxes that kill the jobs and the tax base.
At least he calls Obama correctly.