The Conservative Cave
Current Events => Politics => Topic started by: b-ONE-b on January 24, 2014, 07:16:18 PM
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So the Yankees signed Japanese pitcher Masahiro Tanaka to a 7 year, $155 Million contract.
Combine Federal, State and Local taxes and Tanaka will pay a 56.1% effective tax rate.
So he will receive 68/155m after taxes.
But that's just the start. How about property taxes? I'm going to assume that Tanaka will buy a place to live in NYC. He will pay sales tax on all his purchases. He will end up spending 60%+ of his income on taxes.
So to any DUmmy reading this, you say the rich need to pay their fair share. What more can you ask of a high income earner?
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They want it all....except the $7,000 that some DUmmie once said was all anyone needed.