SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Umunhum who wrote (24508)1/12/2005 4:10:18 PM
From: Wyätt Gwyön  Read Replies (2) of 110194
 
why not just move to a cheaper state, like Texas? and why not make less money? or better yet, make money by investing and just pay 15% LTCG.

Right now I'm paying 35% to the Fed, 9.3% to Arnold (State)

unless you have a substantial eight-figure salary, you are exaggerating. those are the highest marginal rates. e.g., according to Quicken Tax Planner, the 35% Fed rate, which is the sixth tax bracket, only applies to income over 338,500 for married filing jointly in 05. many people would trade your situation and not whine about paying 35% just on the amount over 338K.
your average rates are probably a lot less if you just make a few hundred K.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News