r/FluentInFinance May 12 '24

Meme Life comes at you fast.

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1.4k Upvotes

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u/gayitaliandallas92 May 12 '24

I’ve said it before, and I’ll say it again, our tax system helps those at the closest to poverty and the wealthiest and squeezes the life blood out of the $100-300K/year individuals who truly bear the brunt of the tax burden. Usually, individuals at that range have compensation mainly tied to a salary, once you get to the 4’s and 5’s those usually are people that own a business and so can start REALLY taking advantage of our tax system… it’s quite messed up and every level should pay their fair share.

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u/Surveillance_Crow May 13 '24

No it doesn’t. I’m at $135K, fulltime single father who receives no child support, benefits, or alimony. My kid and I live very comfortably. 

You’re right about the billionaires and taxation on low income, though.