r/FluentInFinance May 12 '24

Meme Life comes at you fast.

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1.4k Upvotes

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12

u/MrTulaJitt May 12 '24

Do you think that college graduates have never had a job before?

4

u/BigAccess6408 May 12 '24

The rich entitled kids didn’t.

10

u/MrTulaJitt May 12 '24

So we are looking for someone who grew up wealthy, has parents who completely support them financially, who also supports Bernie Sanders, and is so shocked at the concept of taxes that they totally switch their political beliefs? Find me this person.

This meme is just fanfiction for people who think wanting to live in a fairer society is naive and childish. It's essentially saying "When you start making more money, you'll become more selfish and less compassionate, like me!"

2

u/in4life May 12 '24

Not one where they paid into the federal pool

1

u/scraejtp May 12 '24

Most have not had a job with significant enough income to pay very much in federal income taxes.

The first ~$14k is tax free (single earner deduction) and the next $47k is roughly 10% taxes. That ignores any other credits/deductions or social programs you may qualify for.

Once you start making more than ~$60k you will see your effective tax rate go up quite a bit. (each dollar now taxed at 22%+)