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General => IHADAV8 Playground => Topic started by: reality on April 11 2020, 10:34:53 PM

Title: economy
Post by: reality on April 11 2020, 10:34:53 PM

(https://scontent-yyz1-1.xx.fbcdn.net/v/t31.0-8/s960x960/14435418_1108173639232082_2742433567434566064_o.jpg?_nc_cat=1&_nc_sid=110474&_nc_ohc=O8Agj2iC0CoAX_RSPva&_nc_ht=scontent-yyz1-1.xx&_nc_tp=7&oh=5d21ff3b59d5f72561c90c23d34b65ad&oe=5EB8380E)

Title: Re: economy
Post by: Steve Wood on April 12 2020, 10:27:25 AM

You know, Ron, every time I read that, I fail to find the flaw.  Sounds good to me.

Title: Re: economy
Post by: Scoobum on April 12 2020, 10:43:06 AM

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Title: Re: economy
Post by: Steve Wood on April 12 2020, 10:54:11 AM

there are a lot of variables.  Texas does not have a state income tax while a lot of other states do.

I would guess in Texas, paying federal income tax only, it would be about 30% back to the government for the average person.  I believe you pay 37% after the first 500,000.

Title: Re: economy
Post by: Scoobum on April 12 2020, 10:59:33 AM

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Title: Re: economy
Post by: Scoobum on April 12 2020, 11:15:13 AM

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Title: Re: economy
Post by: Scoobum on April 12 2020, 11:29:06 AM

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Title: Re: economy
Post by: reality on April 12 2020, 12:53:45 PM

You forgot the 13% VAT on everything you buy in CA. And in the case of Gas 13% on the tax on gas and some other stuff

Title: Re: economy
Post by: Scoobum on April 12 2020, 01:09:57 PM

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Title: Re: economy
Post by: reality on April 12 2020, 08:20:18 PM

Nothing in the OP mentioned taxes.

Title: Re: economy
Post by: Scoobum on April 12 2020, 08:35:02 PM

Quote from: reality

Nothing in the OP mentioned taxes.

You're correct. I deleted my posts. Back on topic.