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Re: Why do you get taxed on savings?
[Re: Dallas County]
#2770254
03/25/19 11:14 AM
03/25/19 11:14 AM
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Joined: Nov 2011
Posts: 21,789
USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,789
USA
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A flat tax of 20% with zero deductions or credits. Both personal and corporate. I'd venture to guess that 99.123% of the people on this forum are not paying an effective federal tax rate of > 20% now. $100,000 household income is right at 16% effective federal. So I'd think you're right. Average household in US is right under $60k I think.
Last edited by Remington270; 03/25/19 11:15 AM.
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