The Wealth Gap
Still thinking about an Instagram Reel I saw this week.
In it they supposedly broke down how much taxes you’d pay in California if you made $1.5 million dollars.
The Reel listed out:
- Federal income tax.
- State income tax.
- Social Security
- Medicare.
- A few other taxes
The final result was you’d “actually” make $750,000 and get taxed almost 50%.
My final thought was:
Okay, but you would still take home $750,000 which is about $700,000 more than the probable average salary.
Stop complaining about taxes when you make more than about 15 other people after taxes than they do combined before taxes. Just clueless complaints to push the average person to think the wealthy shouldn’t be taxed at a higher rate than the average person. After all, if you work hard enough then you might become one of those wealthy people.