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ProdigalAnglicn
Guest
No, you’re not even paying that, because our income tax is based on marginal rates. You’re not paying 35% of your money in taxes–you’re paying 35% of every dollar you make after your $250,000th dollar. Every dollar before that was taxed at a lower rate descending until there were some that weren’t taxed at all.What the Popes condemned was the abolition of private property altogether. If you make enough to be in the top tax bracket, and you are paying 35% taxes
If one thinks that it adds up anywhere near to “half” their income, they’re either really bad at math, don’t pay attention to their taxes, or are repeating a standard talking point that sounds like it should be true because it fits their preconceived political views. Especially with all the exemptions these days, even if one is a millionaire there’s no way they will pay “half their income” in taxes. It’s a soundbite and nothing more.