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Politics Latest Messages: TAA does NOT extend UE benefits...

I read it. It's actually about corporatism. It's a good article, - but I was trying to make the point that the

Posted: Dec 6th, 2017 - 12:03 pm In Reply to: The article is actually about capitalism gone - awry in this country.

US is not a purely capitalist country anymore. Some of the tax info is misleading on the 50k tax rate.

If you had $50,000 of taxable income, you’d pay 10% on that first $9,325 and 15% on the chunk of income between $9,326 and $37,950.

And then you’d pay 25% on the rest, because some of your $50,000 of taxable income falls into the 25% tax bracket.

The total bill would be about $8,200 — about 16% of your taxable income, even though you’re in the 25% bracket.

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