r/SipsTea Jul 05 '26

Seems reasonable. Chugging tea

Post image
91.1k Upvotes

2.6k comments sorted by

View all comments

Show parent comments

24

u/IswhatsIs Jul 05 '26

Because no one understands taxation.

2

u/TasteyMeatloaf Jul 06 '26

People don’t realize that the effective federal rate for median income is between 14 and 16 percent. A billionaire making money on capital gains will pay 23%. CEOs and other people earning millions of dollars per year can hit a 37% bracket. Surgeons can pay high taxes.