The death of capitalism

Image from preview.redd.it and submitted by shirlzz9c
image showing The death of capitalism

Irish_Whiskey on May 21st, 2021 at 18:06 UTC »

It's actually $518,401, $622,051 if married.

So, you know. Communism.

MiKoKC on May 21st, 2021 at 18:41 UTC »

Most of the hardcore Trump supporters believe that Biden has already increased their taxes. A lot of them also think that the green New deal is passed legislation so explaining marginal tax rates to them is throwing pearls to swine (I just don't even try with them anymore... There's just too much stupid in the way)

s_0_s_z on May 21st, 2021 at 20:06 UTC »

This is far too much math for the "taxes are evil" crowd.

I have had multiple arguments with seemingly intelligent right wing people who just couldn't wrap their heads around how tax brackets worked. They couldn't be convinced that if they got a raise and it bumped them into a new tax bracket that only the amount they made over that bracket level was taxed at a higher percentage.

Nope.

Couldn't be swayed.

No way, no how.

Taxes have been drilled into them as being pure concentrated evil for so long that they were convinced that they were taking home less money after their raise than before.

(And to be clear, I was telling them that they have to take out other deductions that might be based on a percentage of their income, such as retirement savings. If they were automatically taking out 20% from 80k and now make 100k, then obviously more money was coming out, but that doesn't have to do with their taxes.)