Posted on 11/09/2021 5:33:27 AM PST by TigerClaws
If the Democrats' tax-and-spend reconciliation bill is enacted, the average top tax rate on personal income would rise to 57.4 percent, according to the Tax Foundation.
This would give the U.S. the highest tax rate in the developed world, and stick all 50 states with a combined federal-state tax rate higher than 50 percent.
The combined federal and state top marginal income tax rates for each state under the Democrat bill are listed below. Please visit the Tax Foundation website for a handy map of the below rates compiled by Alex Durante and William McBride:
New York: 66.2%
California: 64.7%
New Jersey: 63.2%
Hawaii: 62.4%
Washington, DC: 62.2%
Oregon: 62%
Minnesota: 61.3%
Maryland: 60.4%
Vermont: 60.2%
Kansas: 59.6%
Delaware: 59.3%
Ohio: 59.1%
Wisconsin: 59.1%
Kentucky: 58.9%
Iowa: 58.6%
Maine: 58.6%
Connecticut: 58.4%
South Carolina 58.4%
Pennsylvania: 58.3%
Montana: 58.2%
Nebraska: 58.2%
Michigan: 58.1%
Idaho: 57.9%
Illinois: 57.9%
West Virginia: 57.9%
Missouri: 57.8%
Indiana: 57.5%
Rhode Island: 57.4%
Arkansas: 57.3%
New Mexico: 57.3%
Georgia: 57.2%
Virginia: 57.2%
North Carolina: 56.7%
Alabama: 56.4%
Massachusetts: 56.4%
Mississippi: 56.4%
New Hampshire: 56.4%
Utah: 56.4%
Oklahoma: 56.2%
Colorado: 56%
Arizona: 55.9%
Louisiana: 55%
North Dakota: 54.3%
Alaska: 51.4%
Florida: 51.4%
Nevada: 51.4%
South Dakota: 51.4%
Tennessee: 51.4%
Texas: 51.4%
Washington: 51.4%
Wyoming: 51.4%
No they will change SALT deduction to stick it further to the non income tax states which are mostly the red states.
Gee in NY State I guess the Government shows up 2/3 of the time to do your job since you only keep 1/3 of the money you earned!
The thing to watch for will be that they also include language that opens the door for them to raise the rates as they like at will without any further congressional legislation required.
Rate increases by executive mandate with no Constitutional restrictions or process.
Would they? Yes they would and will try.
In the Middle Ages, serfs had a MAXIMUM tax rate of 33%.
I thought slavery was abolished?!!
And your 1/3 is being rapidly eroded by inflation.
Isn’t it amazing how the RATS are all talking about tax breaks for the “rich” with the SALT deductions?
Fckn hypocrites.
The government has too much tax money. We should pay no more than 18%.
Is that all? How are they going to provide welfare for all the freeloaders they’ve invited in from the third world? They’ll all need to be given houses, transportation, medical care, food, education. They won’t need jobs though, just a Democrat voter registration card.
Rate increases by executive mandate with no Constitutional restrictions or process.
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We are more like a regime than a republic. Just sayin.
They won’t need jobs though, just a Democrat voter registration card.
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Democrats’ version of the American Dream.
I saw a move about ancient Israel who the people were called the Danites. I think Victor Mature was in it. So the Mesopotamian king wanted to collect a 10% tax, the Danites went Hermitile over 10%!!!
Now add all the taxes deceptively mislabeled as “fees and surcharges” and sales taxes on top of this.
The government has too much tax money.
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There isn’t enough money on the planet to satisfy the government’s insatiable desire for more money. They are addicted to spending. And the people allow them to do it, for some inexplicable reason.
There is a lot overlap between this list and the most expensive houses:
Hawaii ($615,300)
California ($505,000)
Massachusetts ($381,600)
Colorado ($343,300)
Washington ($339,000)
New Jersey ($335,600)
Maryland ($314,800)
New York ($313,700)
Oregon ($312,200)
Utah ($279,100)
There is a lot of money in these states. The important thing to understand is they make that money by extracting it from the Red States.
Stop complaining. They are making “investments” in our future. That’s what they call it. /sarc
Oh absolutely. Ever since they started parroting the deceptive “our democracy” years ago.
“The government has too much tax money. We should pay no more than 18%.”
The government has no money. It has ours and doles out our own money back.
That 18% is about my wife and my effective rate. I actually have no problem with that. IMO that should be the flat rate for everyone for every type of income and benefit. NO EITC or any other crap subsidy. Add up your pluses, no deductions, pay 18% and go forth. Most of IRS would be gone as a bonus. And no half of country telling the rest how much they should pay while they live off it.
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