Is it true, the tax rate in America is over 75%? Yes it is true, I will explain why the tax rate is over 75% for the poor people.
America has a tax bracket. The tax bracket has the lowest income paying less taxes, than the highest income. The highest income pay over 50% taxes, and the lower income pay about 25% tax.
The higher income people who pay 50% income, are the ones who run the businesses, such as grocery stores and car lots. They are also the ones who offer public services such as taking care of pests, or building houses, even filing the taxes.
When the merchants calculate the cost of their goods, the taxes are counted as part of the expense. Lets say the merchant pays the factory 10 usd for an item. The target market is 15%.
That would mean the merchant needs to charge 11.50 right? Wrong, who needs to charge more than this. Who needs raise the price by another 50% to cover the tax expense. The 10 dollar item is now 16.50.
It works the same for hourly rate. If the target is 10 per hour. Then the company needs to charge 15 dollar an hour to cover the tax expense.
Because the merchants are have such a high tax, they are counting it as part of the expense on the goods. Because the poor man, the worker in the country is charged by the government 25% income tax. The poor man is now paying 75% tax rate.
It’s much higher than 75%, because the money is taxed many more times than what I have shown. One other tax included is sales tax.
While the poor people pay over 75% tax, the rich pay almost nothing in taxes.
The only way to work in the government body is to be rich. Only rich people work as the government. The rich are prejudice against poor people, because of differences in culture.
The government body do not obey God’s commandment.