Skip to main content

View Diary: Andrew Cuomo realizes he has a problem on his left (238 comments)

Comment Preferences

  •  HELLO MR 1%ER (by your own facts) (3+ / 0-)
    Recommended by:
    Fredamae, poco, jbsoul
    Response (1+ / 0-)

    39.6% federal
    8.82% state
    3.876% city

    Those are the highest marginal rates.  Add them up and you are at 52% tax rate.  That excludes the medicare on top of that.

    by Cardinal96 on Wed Apr 23, 2014 at 07:06:26 PM EDT

    I looked up the numbers on these rates and:

    To get a federal level of 39.6% you need a taxable income of over 400,000 a year

    To get a NY CITY level of 3.876% you need a taxable income of 500,000 a year

    To get a NY STATE level of 8.82% you need a taxable income of at least
    $1,543,900 a year!

    NY state TX percentages link for proof of that rather large number (PDF)

    No wonder WHY you are so enamored with Governor 1%!

    Never underestimate stupid. Stupid is how reTHUGlicans win!

    by Mannie on Wed Apr 23, 2014 at 06:03:41 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site