Quote:
Originally Posted by raulus
That you could.
Luckily, the property tax is less than 1% of my income. So you can leave it out if you prefer. Won’t move the needle very much.
But don’t forget state income tax and local and county income tax. Those add another 14% to your federal tally.
Plus the phantom income is a real kick in the shorts.
|
I pay a fair bit of taxes too, and it does add up, especially when all my income is from wages and treated less favorably than capital gains or business profits. But if my income ever climbs to the point where I'm taxed over 50%, I'll be grateful from the half-glass-full perspective. It will mean that the marginal utility of my untaxed dollars has decreased.
The people I know with the highest tax bills also have more bedrooms and bathrooms than they need, drive the nicest cars, eat the best food, go on the nicest vacations, and still manage to snag the most desirable collectibles.
They grumble about their money going to other people, but they're doing OK. Hell, I'm doing well enough to buy some luxury cardboard, and my annual salary is just a fraction of their annual bonus.