My city can’t afford housing or transit but just spent $150 million building a stadium for live nation. Free taxpayer funded stadiums for corporations to profit from, yay!
Calgary?
“Live Nation Entertainment is composed of Live Nation, an events promoter and venue operator, and Ticketmaster, a ticket sales giant. The two companies merged in 2010 and now control an estimated 70% of the ticketing and live event venues market.”
- issuing currency
- collecting taxes
- suppressing evidence of child sex trafficking
One of these things is so outrageously unlike the others that it makes me kinda sus of whoever decided to put them all in the same list
A charitable interpretation of “printing money out of thin air” is how they bail out corporations and landlords. Why even save if the game is so obviously rigged?
They’re mad at #2 because #1 gives them all the money they need to do #3. So why do they need my money too?
All USD is printed. Taxes are the only thing that gives USD its value.
I have a problem with the meme playing footsie with the ideas that taxes are theft and money-printing is fraud.
These are common neo-metallist arguments. And in techie spaces like the fediverse, libertarians like to sneak them into the conversation while going “How do you do, fellow progressives?” before they start pitching NFTs.
I don’t want to be your buddy, Rick. I just want a little breakfast…
Such a great scene.
And now your going to die wearing that stupid little hat
I’d be happy paying taxes if they went to social works and infrastructure and whatnot, but yeah.
Now let’s talk about spending 60-80% of my remaining income on rent
The world desperately needs more Luigis.
Is tax 33% in the USA? or are you not referring to the USA?
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TBH Ima put Social Security in the tax section too as I doubt people under 50 are gonna collect on it.
Hi, disabled under 50 yo person here, my only income is SSDI, Social Security Disability Insurance.
Don’t worry, us disabled folks are entirely used to our existence being entirely forgotten about.
I’m not sure what you’re trying to say here. I didn’t forget and I’m not worried, I chose to not bring it up because it’s a shitty comment thread not a research paper. Generally, SSDI is not really worth bringing up on if it is taxes or not and I’d personally argue that tying someone’s ability to live disabled to their previous work is needlessly cruel.
You said you doubt people under 50 collect on Social Security.
… Disabled people do.
Generally, SSDI is not really worth bringing up on if it is taxes or not…
Hey I mean yeah, sure, unless its your only source of income!
Not like I’ll become homeless and die within 3 to 6 months if taxes going toward SSDI suddenly get reclassified or rerouted or totally removed!
Not like that’s the case for about 6.3 million Americans under the age of 65 whose only income is SSDI!
https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/
sigh
…and I’d personally argue that tying someone’s ability to live disabled to their previous work is needlessly cruel.
At least we agree on that.
I’m still not sure what you’re trying to say here. I have agreed with everything you have said, you’re just really annoying about having to self insert yourself into a comment thread like you have to be the center of attention. Tell me, what happens if people under 50 now can never pull from social security for retirement? They will also face 3-6 months before homelessness and death. You immediately made it about how it’s not a tax because you’re one of those who gets to use it as opposed to pay in and never claim.
I never once argued for the removal of SSDI, I only ever brought up how tens or hundreds of millions could face very harsh retirements. For the average American worker, social security is deducted from their pay and they might never see what you now rely on.
🤡🤡🤡
Hot take: I think any involuntary expense forced on you by your government is, essentially, a tax regardless of whether it goes into government or corporate coffers, and should be included in the discussion.
Health insurance being the major example, given that’s paid for by taxes in civilized countries. Arguably, the insurance, gas, and maintenance on a car that many of us would happily trade for a functional public transportation system.
Federal Tax Rates in the US 2024-25 run from 10% to 37%.
I am guessing that not too many pay over 30% then? Also that this is in brackets, so that only the amount over certain point is taxed higher?
I am still surprised that taxes can be so high, and people require so little for it!
If you earn $50-200k, they you’re in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.
Part of the problem is that we, the people, don’t get to determine the requirements. Our elected representatives do, and wouldn’t you know it - corporations pay them off to siphon money to the richest among us and give us nothing in return. Legalized bribery is the bread and butter of American politics, it’s why things are so incredibly corrupt here and why we’re living in an oligarchy, not a democracy.
Federal income tax rates for individuals are categorized into seven brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%
10%: Applies to the lowest income bracket. 12%: Applicable just above the 10% bracket, capturing more of the median incomes. 22%, 24%: These middle brackets cover a broad range, reflecting moderate to higher-income levels. 32%, 35%: Affect those with substantially higher earnings before hitting the peak rate. 37%: The top rate, reserved for the highest earners. It’s important to note that these rates apply to different portions of your income rather than the entire amount. This means that if you fall into the 24% bracket, only income within that range is taxed at 24%.
Then after retirement and benefits it’s anywhere from 20% to 50%. I’m at about 25% just with tax, 36% with benefits and retirement.
Depending on if your deductions are calculated correctly (you have to negotiate that with your job) you might end up getting a refund layer or have to pay, so in reality my rate is more like 30% overall. People with more expensive insurance or less tax credits and or other things on top of that are going to have it worse off.
I make half what I would need to be able to afford buying a home in my area and be able to make mortgage payments and still have money left
Most people are either sheep, or have given up the fight. That is why anything that requires great change either doesn’t happen, or happens only when something impactful affects them personally. ‘Look over there…Netflix!’
There are also State taxes that aren’t normally differentiated from when complaining about tax rates even though they go to different places. In some states it’s pretty much the same things.
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I’ve been self employed so I pay all my own taxes, it’s more like 25%.
Trump can basically print infinite amounts of dollars through the federal reserve.
As we all know, conflicts are hella expensive and often decided by who can stay solvent longer. The fact that trump can just print dollars is extremely problematic here.
I guess the necessary course of action would be to bring the dollar’s value to zero, and use an alternative currency instead (such as euro, canadian dollar, mexican pesos).
I can hear Iron Maiden’s ‘Man on the Edge’ music.
This morning was a wild ride.
Need an hand to help you back up? You seem to keep falling down.
Me trying to take a dump
No one in the US pays 30% income tax. Only the top 10% have to pay more than 30%…and they’re rich enough to qualify for so many tax breaks at that point, that their effective rate is less than half that.
Yeah I just checked and I’m looking at around 15-16% adding together federal tax+FICA/FMHI
