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Reply to "These small “surprise” taxes are so annoying "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are new to having them you haven’t truly experienced them yet. [b]Try being taxed an extra 4.7% on the last $3M of income. [/b]It’s no longer $2k in extra tax, but $141K in extra taxes. [/quote] Omg that sounds dreadful. /s[/quote] You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate. [/quote] If you don't like this, you would hate the phase out for eitc, savers credit, and non-tax programs like SNAP, SSI, housing vouchers, and TANF. A 4.7% marginal tax rate is nothing...many have rates that exceed 20%![/quote]
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