Why are people making $200-$400k/yr taxed at the highest rate? /u/sirawesome63 No such thing as stupid questions

This is coming from someone with a humble salary of $65/yr, and the tax code doesn’t make any sense. Jeff Bozo and Musk pay proportionally less taxes than me, and once someone gets over a mil a year they can do a bunch of tax fuckery to pay a lower rate. Just seems weird how someone making the amount necessary to support a family in a city gets taxed at nearly half, I get taxed at over a quarter while the super rich pay the proportionate equivalent to like $100. Also I don’t get the whole social security debate, like just get rid of that $170k cap. Solves the budget problem instantly

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​r/NoStupidQuestions This is coming from someone with a humble salary of $65/yr, and the tax code doesn’t make any sense. Jeff Bozo and Musk pay proportionally less taxes than me, and once someone gets over a mil a year they can do a bunch of tax fuckery to pay a lower rate. Just seems weird how someone making the amount necessary to support a family in a city gets taxed at nearly half, I get taxed at over a quarter while the super rich pay the proportionate equivalent to like $100. Also I don’t get the whole social security debate, like just get rid of that $170k cap. Solves the budget problem instantly submitted by /u/sirawesome63 [link] [comments] 

This is coming from someone with a humble salary of $65/yr, and the tax code doesn’t make any sense. Jeff Bozo and Musk pay proportionally less taxes than me, and once someone gets over a mil a year they can do a bunch of tax fuckery to pay a lower rate. Just seems weird how someone making the amount necessary to support a family in a city gets taxed at nearly half, I get taxed at over a quarter while the super rich pay the proportionate equivalent to like $100. Also I don’t get the whole social security debate, like just get rid of that $170k cap. Solves the budget problem instantly

submitted by /u/sirawesome63
[link] [comments] 

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