I'm 100% maga but I'm maga because o feel it is the party of common sense. It seems like what I am saying now should be common sense.
I'm not talking about business taxes. I think there should be as little as possible on that. I'm talking about personal tax. I make about 60k a year. I pay about 33% tax.
A person making 10 million a year simply does not pay 3 million in taxes. They pay a ton more than I do, but is all about percent.. don't pay less of a percent than I do. There are too many exceptions and tax breaks. Also social security is maxed out at what the first 200k? If 1% of my pay is deducted for social security then 1% of the rich pay should also be deducted. Its just fair. Then you look at the tax code and the rich pay more of a percent but it does not work ut that way...they still are not paying 30 million on a 100 million like I am....
If you’re paying 33% on 60k income you’re doing something wrong. No update to the tax code is going to help you with personal finance issues.
I'm just going by my pay check. My net vs my gross. Not talking about end of year taxes. And this is in Texas. My net is 33% less than gross