Row 80869

Row ID: 80869 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 80869 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Even current tax rates are far too high.

On a $45k income, you would: - lose about 20% to federal income tax - lose about 12% to FICA - lose roughly 5% to city/state sales taxes (assuming half your income is spent on goods subject to sales tax. other half on rent/groceries/excluded things) - property taxes but, being real most young people don't have property and definitely not on a $45k income.

All in all, I make less than the median income for my city and pay almost 37% out to taxes. Rent takes another 40%.

At this rate, we will be able to have kids just about never.

FieldValue
text Even current tax rates are far too high. On a $45k income, you would: - lose about 20% to federal income tax - lose about 12% to FICA - lose roughly 5% to city/state sales taxes (assuming half your income is spent on goods subject to sales tax. other half on rent/groceries/excluded things) - property taxes but, being real most young people don't have property and definitely not on a $45k income. All in all, I make less than the median income for my city and pay almost 37% out to taxes. Rent ta…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak8ybXVZb0lBWktFM1ZNTE5oLVZWT3h2SlFKOExOTzdtWGN6UlJHQ24zQVRzTVFoRnBOZVRIZVJOaUk0SzRXY25wUkN5UU4zVDh4dUZlYWVNd1VwSmZRVlFjVDg2MGp6Skc0REhyNndwdW51Nnc3VnlKQmN6YUpNTE5rVWl3VEUwRFVuZ3pHNkY5SWdxNHlOeVlPeVR4ZnItU2VoVDIxN0JDQzFrZE5sT1FvSWtfQ1BlaDFxaFJXeDd1NmZobExCSFQ1c0phel85NlpzYTlxTmtxUHZKdGNLZz09

Raw Record

{
  "text": "Even current tax rates are far too high.\n\nOn a $45k income, you would:\n- lose about 20% to federal income tax\n- lose about 12% to FICA\n- lose roughly 5% to city/state sales taxes (assuming half your income is spent on goods subject to sales tax. other half on rent/groceries/excluded things)\n- property taxes but, being real most young people don't have property and definitely not on a $45k income.\n\nAll in all, I make less than the median income for my city and pay almost 37% out to taxes. Rent takes another 40%. \n\nAt this rate, we will be able to have kids just about never.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1sRUpLOHVqc3B5RmVnV1pmN2lfaG8zcTBFV3RVUXBHNlozQnlfWlBhZmttNU5MRFhnUlBZWU9LNEtWRWdNeGxrUUxHNUZlNS1KN1lZWmpIcFR5NVZWd0E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak8ybXVZb0lBWktFM1ZNTE5oLVZWT3h2SlFKOExOTzdtWGN6UlJHQ24zQVRzTVFoRnBOZVRIZVJOaUk0SzRXY25wUkN5UU4zVDh4dUZlYWVNd1VwSmZRVlFjVDg2MGp6Skc0REhyNndwdW51Nnc3VnlKQmN6YUpNTE5rVWl3VEUwRFVuZ3pHNkY5SWdxNHlOeVlPeVR4ZnItU2VoVDIxN0JDQzFrZE5sT1FvSWtfQ1BlaDFxaFJXeDd1NmZobExCSFQ1c0phel85NlpzYTlxTmtxUHZKdGNLZz09"
}
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