Kobolds with a keyboard.

  • 2 Posts
  • 266 Comments
Joined 2 years ago
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Cake day: June 5th, 2023

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  • You obviously know better than I do, so take this with a grain of salt, but I was curious, and a quick google search turned up this source, which says:

    Let’s say you are a tax resident in Portugal, and your gross annual income for 2022 is €30,000. To calculate your income tax liability for the year, you would follow these steps:

    Determine your tax bracket: Your €30,000 falls into the 35% tax bracket. Calculate the tax owed on the portion of your income in that bracket: The portion in the 35% bracket is €9,678 (€30,000 – €20,322). To calculate the tax owed on this portion, you would multiply it by the tax rate of 35%, which gives you €3,384.30. Calculate the tax owed on the portion of your income in the lower tax brackets: The portion of your income in the lower tax brackets is €20,322 (€30,000 – €9,678). To calculate the tax owed on this portion, you would add up the tax owed at each lower tax rate. That gives you:

    €1,033.80 for the portion of your income in the 14.5% bracket €1,259.96 for the portion of your income in the 23% bracket €2,901.30 for the portion of your income in the 28.5% bracket

    Adding these amounts together gives you a total of €5,195.06.


  • One of the benefits off of the top of my head, is that people wouldn’t be scared of their salary increasing just enough, to actually lower their clean income.

    Why wouldn’t they? This isn’t how it works now, but people are still scared of it.

    To be clear, the first three tax brackets are at $11600, $47150, and $100526 (for a single filer), at 10%, 12% and 22% respectively. If you make $58000, the first $11600 is taxed at 10%, the next $35550 is taxed at 12%, and the remaining $10850 is taxed at 22%. (This is the exact example the IRS gives.) If you go from making $47k (the top of which falls in the 12% bracket) to $48k (the top of which falls in the 22% bracket), you’re still making more money. That last $850 is just taxed at a higher rate.


  • I’d originally replied to your other comment with this, but I’m moving it here because it fits better.

    I think it’s clear between the multiple comment chains we’re arguing in here that I disagree with your take, and I don’t think either of us are going to convince the other so I’m not going to try, but that said, I’m not disagreeing with you that there’s some accountability problems in USAID nor that there’s some corruption in the system. What I disagree with is your implied conclusion that the bad outweighs the good. I firmly believe that the same could be said about just about any government program, but we aren’t cancelling Medicare just because some people are getting payments who shouldn’t be, and we aren’t cancelling FEMA just because some funds might be going to people who don’t really need them.

    Personally, I’d much rather my tax dollars go to a program which provides actual aid to people, even if some percentage of it is being siphoned off to other things, than going to fund bombs being dropped on brown people, or funding more subsidies for billionaires. USAID is under attack right now because Musk and Trump and co. go don’t like it. If these concerns were brought up under a different administration that wasn’t sewing propaganda supporting their government-dismantling, treasury-siphoning actions everywhere they could, I’d be a lot more receptive to actually considering their validity.