Is America really in that bad of a condition as the politicians say it is?

You're ignoring the state and local taxes part though still. First, let's assume our "Joe Average" lives in Hartford, Connecticut with his stay at home mom wife and two kids, in a house worth roughly $265,000, and he makes $65,000 a year with healthcare, dental care, and eye care covered by his employer. Let's take a look at the tax bracket between $18,000 and $75,000. As of right now, Joe would have to pay at the federal level 25.3% on the first $18,500 of income. So that's $4693.15 taken out for taxes. We're down to $60,306.85 for the year. Now, from $18,550 to $65,000 joe is taxed at 30.3 %. There goes another $14,074.35 of taxes. So federally, he loses $18,767.50 in taxes. Now let's account for state taxes. In Connecticut, the first $10,000 is taxed at 3%. So Joe loses $300. From $10,001 to $50,000, Joe is taxed at 5% by the state. That's $1999.95 to taxes there. For the final $15,000 of his income, Joe is taxed by the state at 5.5%, another $824.95. So to the state, Joe loses $3,124.90, on top of the $18,767.50 he lost to the federal government, for a grand total of $21,892.40 of his hard earned money given to taxes. Can't forget about his house though, the town has to tax that! Property taxes in Hartford county are 1.977% of the house value, meaning he has to pay $5,239 to the town in property taxes. For the sake of simplicity, we're going to stop there and ignore a slew of other taxes and deductions Joe has lost a grand total of $27,131.40 in taxes, or 41.74% of his yearly earnings to the government.

Now, let's take a look at what his taxes would look like under a president sanders. That first $18,550 is now taxed at 34.1%, meaning $6,325.55 goes to the government. From $18,550 to $65,000 he is now taxed at 39.1%, so Joe loses $18,161.95 for the remainder of his federal taxable income. He now gives to the federal government $24,487.50, almost as much as he paid to all governments before President Sanders decided he wasn't paying enough. Now add in the $3,124.90 and the $5,239 for his house, and Joe is paying out $32,851.40 to all levels of government, or a whopping 50.54% of his income to the government.

Are you honestly telling me that a President Sanders is better off with the $5,720 difference? That a family of 4 can live comfortably off of $32,148.60 a year, $2,679.05 per month, $669.76 per week? Why would Joe ever vote for someone who would so drastically increase his taxes, decreasing his take home, at no real benefit to him? Why does Bernie Sanders know of a better way to use the money Joe earned than he did? That's $5,720 taken out of the economy, just from one earner. More importantly, what right does Bernie Sanders have to this money over the man who worked for it?

/r/PoliticalDiscussion Thread Parent