I thought the top tax rate was 35%??? Why does GE earn $14 Billion - TopicsExpress



          

I thought the top tax rate was 35%??? Why does GE earn $14 Billion in profits but get a $3Billion Tax Refund??? You wonder why the IRS is so hated and dispised?! Phil is one of the nicest guys in professional golf, he earns his money every week. Why does he pay 61% tax rate? 1) British Tax of 45% 1a) Self Employment Tax 2) Fed surcharge on Obamacare 3) California Tax rate of 13.3% 4) Social Security & Medicare tax I know many professional athletes are paid too much but a guy making $5Million a year in the NBA, living in California, may make 1/2 of that salary. Link: losangeles.cbslocal/2013/07/24/phil-mickelson-faces-61-percent-tax-rate-following-back-to-back-wins/
Posted on: Fri, 26 Jul 2013 02:12:23 +0000

Trending Topics



Recently Viewed Topics




© 2015