I'd like to see some from rural municipalities Ie Vulcan, stettler, Newell, county Alberta Canada Or as an idea comparison between nearest low population county and large urban centres I e Calgary vs Vulcan county Alberta Canada (counties directly surrounding cities are generally higher population and more amenities so not as representative)
@@realMaverickBuckley what kind of bs logic is that so because I'm making more money I actually should literally lose the right to the money I'm earning? No.
@@realMaverickBuckley or how about people keep 100% of what they earn. And tell the government to go fuck it’s self. The only thing taxes go to is politicians paychecks and pockets and the national debt that the government keeps increasing by printing money once every 6 months which also equals to higher inflation causing you the consumer to pay even more in taxes that go back into the pockets of politicians and yeah you get the point.
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my fifth house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to think any other smart way to grow my reserves.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
@@james.atkins88 You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
@@edward.abraham Is there any chance you could recommend who you work with? I have wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation..
@@Kim.beneteau Renowned for her proficiency and expertise in the financial market, “Julia Ann Finnicum” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@edward.abraham After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
Then they get pissed and move to another state. But here’s the kicker, when they get there, they vote on the exact same policies that they literally just RAN from.
Not everyone wants to leave, there are really places here, especially in the suburbs, away from the big cities. I live a really nice little town north of San Francisco (in Mill Valley) and it's great. I was born and raised in Georgia and moved here when I was 15, but I prefer it here
@Kyle Dutton damn, that sucks lol. Where about do you live? I lived about 40 minutes northwest of Atlanta in Gwinnett County. Also, luckily I'm a Cali conservative, not a Cali liberal
And this is why people making this much have a house in California but live in Nevada, Texas, or Florida on paper. They still live here and don’t pay the taxes.
Not how it works at all🤣 your employer does your taxes for you, how on earth can you convince your employer to pay you into an offshore account, avoid doing your taxes, then potentially face the repercussions themselves, give your head a wobble child🤣
As a government, you should always make doing the right thing less burdensome than doing the wrong thing. Never punish your citizens for following the law.
Property taxes are protected at the rate when you bought the property! If you paid $85,000 for a house in the hills you still pay the same rate& it doesn’t go up when you die& your kids gets to live there
@@hughjazzole2037 What state is that? For my state you can't freeze your property tax until you are 65 years old. While my daughter's state eliminated their property tax because her husband is a disabled veteran.
Don't forget property tax, gas tax, carbon tax, sales tax, environment tax, disposal tax, recycling tax, gains tax etc.... Politicians are stealing everything in sight.... need a major replacement program.
@@sibanimajhiBecause California is America's biggest economy and hotspot for entrepeneurs, millionaires, celebrities, companies and normal people too for its weather, attractions, lifestyle and the American Dream so everyone wanted to live there and create their business, make their carreer etc etc, the goverment saw that nobody wanted to leave so increased taxes thinking nobody would live cuz they loved the state and thats it.
The top California state income tax is about 13%, most states have a flat or top income tax rate of about 5-10%. So while California’s top income tax rate is the highest, the difference across most states is less than 10%, pretty marginal overall, not a ripoff like you claim. And most of your taxes are federal income tax, which has nothing to do with California.
Not really, ‘cause if you don’t live in California you don’t make the 1.5 million either. And if you are someplace making 1.5 million you will pay close to those taxes. And for those of us making less than 100 K we want you to pay those taxes
@@wborden did you go to highschool, depend on law enforcement, or the military, eat food, or drink water? Then guess what, you used tax dollars and should pay it back
@@robertopics right and income tax isn't as easy to evade as just having a good accountant, it's such a silly statrment as if a "good accountant" has some magical way of dodging a load of tax that isn't completely illegal. You speak as if accountants and lawyers are the same thing, the accountant doesn't make a case to the taxman as to why you shouldn't pay certain taxes. You are taxed on income at source if you are employed and if you are self employed etc sure there are strategies to help lower your tax burden which an accountant can help with but straight up avoiding paying income tax is illegal and there is no real way around that. As soon as stocks/investments are turned into liquid that can be used to spend you are taxed on it. End of the day if Elon musk one of the wealthiest people on the planet paid 11B$ in taxes then idgaf who your accountant is, you're paying. All that aside go ahead and start talking to people who pay substantial taxes, I don't care which side of the political spectrum they are on, every single person is attempting to lower their tax burden, EVERYONE.
Looks like a American has tax’s for everything and everything you buy …. In New Zealand you have only one tax and every year the Government does your tax Automatically so no pen or paper when it comes to tax
There's not that many people leaving as a percentage of the population. The population actually increased from the 2010 census to the 2020 census. The only states to decline in population were Mississippi, West Virginia, and Illinois
then their property taxes are reassessed in Texas and they realize the big mistake they made. in California we don't have reassessment of property taxes the selling price sticks forever unless you do a major remodeling and then it's only a percentage that your taxes go up.
What is rich? $2M? 10$M? Forget taxing, how about take ALL of the wealth from the top 1%? It won’t accomplish what you think it will. If we stripped the top billionaires of everything, their wealth would run the country for like 6 months. Just taking peoples money doesn’t do much
@@bennybonilla2864 most people’s home cost more than a years income. If you making 1.5 million you’re probably living in a 10 million house. A person living in a 1 million house is probably making 250K. A wealthy individual but not rich.
@@jemazondo9331 nobody I know is advocating taking all the money away from billionaires. Just tax them at higher rates. Do you know how much money a billion is? A thousand million. We live in a country that fights over a $15 minimum wage and can’t raise tax rates on people like Bezos whose net worth is 150 billion. (150,000 million)
If you are talking about the recent 1.2 billion, he only lost half if he took the lump sum, and nearly half of the missing amount wasn't for taxes....if you take the lump sum the lottery company keeps part of it because if they didn't, they wouldn't have enough money for the next drawing
Yeah he said he won 1.2 chose the pay up front which was 700 something million and after taxes only got 400 something million so definitely not a billionaire after winning lottery unless we get it to like 3 billion
Anyone with $1.5 million salary does not pay standard tax, they have write-offs and loopholes and they can afford the CPAs to exploit every one of them.
Wyoming is nice and Tennessee North Carolina South Carolina Alabama Georgia Montana South Dakota North Dakota ,Nebraska, Virginia lmao 🤣 all those states have what in common besides being red ??? THEY SUCK !!!!
Federal income tax is the same no matter what state you live in lol. 1/3 of your income goes to the fed at this income. The fed government loves California
Population is 40 million and not decreasing. By far most populated state in the country. Great climate, beautiful scenery, lots of things to do, great jobs. That’s why we have so many living here.
“Boo hoo I only got three quarters of a million dollars.” It would take the average American household 11 years to make that much money, we don’t want to hear rich people cry about these type of problems. Also why don’t you calculate it after all the deductions and loopholes, not to mention sheltered income.
@Aunt Shawna Not all gas and definitely not all oil in Germany are from Russia. And Russia didn’t just cut off gas imports and I doubt they will in the future. Even if they do, the problems are not as big as foreign media are portraying it. Yes the economy will suffer. But it’s not like we are going to freeze, many people have wood or pellet heaters and nobody uses gas stoves.
@@andrewcollingridge2413 What the hell were you trying to say? It sounds like you're trying to justify taking nearly HALF of a persons income is ok if they walked through a park with a bridge.
@@bspitler0 society comes at a cost A civil society grants more with this cost ie healthcare or childcare Also making 740,000 is more than enough quit complaining Pay zero tax and see how quickly everything you take for granted goes
Fed taxes are high. But state taxes in California are a stupid tax. You're stupid to live in California. Either way we need to educate the citizens on how to vote better. Time for a reboot of the system.
You dont pay taxes for your passport, you pay taxes for staying more than 183 days a year in a country, the only way to legally avoid USA taxes is to live there only 6 months a year and the other 6 months of the year in a Tax Heaven like Dubai or Monaco.
Wait till the migrants take over then you’ll also understand what having a big, brown parasite on your back is like. We’ll see how long your social systems last
20 year retirement plant looking shity , my bad screw the dems and their bullshit gun control ideals that need a reality check ....I'll never give up my piece and the same for the gop keep religion outta government. Shit I wish I could've been aborted and now how many Iligal unsafe shit shows are gonna happen? Remember the 40s? And why doesn't anyone teach someone that the left doesn't mean dems and the right arnt always Republicans? You know what happens when you dumb it down without any capability to remove the dunce cap? They sit there with a dunce cap so long it becomes the good d a MN norm.
@@fooohousie Because the tax rate couldn't possibly get worse (higher). And he gets to keep most of his "half" that is remaining because utilities are free or cheap and other expenses are cheap...lol
@@Mxyz1234 humm loll say that to covid 650$ 4½ after covid 2300$ 4½ got to love Canada spending like no tomorow to Ukraine and are économie geting worse
Literally everybody who collects this amount from a job they have working for someone else does pay this amount. If you own a company and earn in this range there will be write offs etc, but as a salary.....
If it's all capital gains, he's screwed and will have very few deductions he can make... Unless he rents an expensive building, buys a Lambo for his company vehicle, hires naked maids to clean the building and puts all of this under an S-Corp...
@@jimsmith7198 The total tax burden difference between California and Texas is only about 1.5% And HOAs are way more common in Texas which isn't factored into taxes.
@@dakota481 yes it sounds fucking great, it means i am making 1.5 million a year. people making less then 100k which is the VAST majority of us are not paying 50% tax property tax on a million dollar home is sub 10k in most of California, California actually has some the lowest property rates in America again i think they will live, source me a person who owns a house in California
That’s very misleading. This example only assumes one person single without children or anything else to write off. Factor in a spouse and children and your tax liability changes drastically.
It's all so dizzying that I would never want to be a kid starting out in this environment. I used to see people pass away and feel sad for them. Now, my feelings are almost envy that they're out of this cruel world.
And believe me this people live paycheck to paycheck you know why cause they want to drive a Tesla or Range Rover want to live in a super nice area go dine and wine more that 3 times a week etc etc
Yeah that person had to work hard to make 1.5 mill. Shoukd he not work as hard and make 750,000 then take home 350,000. Why should the government take 50% f#@king outrageous. They just waste it anyway.
@@LesterSuggs you ain't taken care off. Have you seen the homeless and drug problem? Ignorance is whats causing it because you think your money is being used wisely like a fool.
@@Cyborg_Lenin I’m gonna word this how someone else in these comments did imagine working for some amount of money, rather it be 1.5 million, 50k or 5k and then loosing half of that. How would you feel?
You Americans are really blessed ,atleast there is an opportunity for you to make that amount of money still .be grateful for the beautiful system you lot have
Why does this shock anyone? We all need to pay taxes. That’s how a civilization funds the infrastructure, police, firefighters, etc. we all use. You can do a lot, buy a lot and live more than comfortably on $750,000 a year.
What state/country should we cover next? 🌎👇
Florida, Illionois, Missouri, Maine
Cover my home country! IRAQ!
Canada
Specifically the province of Ontario
New York, New Jersey
I'd like to see some from rural municipalities Ie Vulcan, stettler, Newell, county Alberta Canada
Or as an idea comparison between nearest low population county and large urban centres I e Calgary vs Vulcan county Alberta Canada (counties directly surrounding cities are generally higher population and more amenities so not as representative)
Homeless people shitting on the sidewalk: priceless
While openly shooting up
Urinating too. Typhus is a bonus also 👍
Not anymore didn't the California and Louisiana make being homeless Illegal recently.
Comment OF THE DECADE
Working in DTLA, I see this every day. So these comments gave me a good chuckle more than most ☠️💀😂😅
Me: Yeah i made a million
Gov: We made..
government really out here Deeboing everyone
Jesus ... 😳 No one should have to lose 50% of what they *earn* unless they're earning over 50mill a year.
@@realMaverickBuckley what makes you discriminate against people making 50 million?
@@realMaverickBuckley what kind of bs logic is that so because I'm making more money I actually should literally lose the right to the money I'm earning? No.
@@realMaverickBuckley or how about people keep 100% of what they earn. And tell the government to go fuck it’s self. The only thing taxes go to is politicians paychecks and pockets and the national debt that the government keeps increasing by printing money once every 6 months which also equals to higher inflation causing you the consumer to pay even more in taxes that go back into the pockets of politicians and yeah you get the point.
No wonder everything is so nice.
The sidewalks are big enough to camp out I hear too!
Everything is so nice lol you watch too many movies and TV , please come visit for reality
You’ve never been here
@@odorupompokorin2012 three times this year
@@cmendoza1094 then you'd know it's a junky filled sespool
@@cohensmith6100 No it isn’t
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my fifth house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to think any other smart way to grow my reserves.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
@@james.atkins88 You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
@@edward.abraham Is there any chance you could recommend who you work with? I have wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation..
@@Kim.beneteau Renowned for her proficiency and expertise in the financial market, “Julia Ann Finnicum” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@edward.abraham After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
And then you get taxed on it when you spend it lmao
Weed tax is like 29%.
Such BS
@@master-oppressor tobacco taxes are like 50%+ in most states
@@dluoultra9633 Yeah! I heard they're called "vice" taxes or sum stupid ish like that. And who is getting that tax money you think??
So damn true. Sales tax, rooming tax, gas tax, property tax, sin tax, capital gains tax and then there are the fees...hold on to your asses there!
doing heist with lester be like
LMAOO ONG
🤣🤣🤣🤣
Doing a heist with the good hacker aswell 💀
Bruh🤣🤣 but pavel is generous 🤣🤣
But pavel from russia is generous 🤣🤣
Then they get pissed and move to another state. But here’s the kicker, when they get there, they vote on the exact same policies that they literally just RAN from.
Cali folk, blue state folk in general are gonna make this whole country high taxes, folks are def gonna move elsewhere.
💯 Most under rated comment on this video
Not everyone wants to leave, there are really places here, especially in the suburbs, away from the big cities. I live a really nice little town north of San Francisco (in Mill Valley) and it's great. I was born and raised in Georgia and moved here when I was 15, but I prefer it here
@@sbombfitness as a person born and raised in Georgia I can say we literally have an infestation of Cali liberals in my town.
@Kyle Dutton damn, that sucks lol. Where about do you live? I lived about 40 minutes northwest of Atlanta in Gwinnett County. Also, luckily I'm a Cali conservative, not a Cali liberal
And this is why people making this much have a house in California but live in Nevada, Texas, or Florida on paper. They still live here and don’t pay the taxes.
Yup, but they live cali still for the job.
Moved to god's waiting room 21 yrs ago from Cali. Never looked back
Still paying every other tax besides state
@@joemama8379 180000 is 180000
If they are working in California, they are paying California taxes.
Divorce takes half once, the gov takes half every year…
Dont forget child support that last years
Cheaper to keep her
@@johnnyc5422 cheaper to date men
@@keilafleischbein59 ...and you instantly double your wardrobe!
@@johnnyc5422 no gay man worth his salty..peanuts would wear unfitted fashion
And that's why people hide their money offshore
Yeah that’s not how that works 🤡
Not how it works at all🤣 your employer does your taxes for you, how on earth can you convince your employer to pay you into an offshore account, avoid doing your taxes, then potentially face the repercussions themselves, give your head a wobble child🤣
I hide mine in my corn hole.
These idiots commenting thinking you're talking about average joe at the grocery store and not the multi millionaire ceos and head of corporations smh
As a government, you should always make doing the right thing less burdensome than doing the wrong thing. Never punish your citizens for following the law.
The fact that we let the government do this to us is outrageous…
WHO’s is? Most people don’t make 1.5 mil. Neither do us. So not, it’s not “us” it’s the top 1% while the rest live in tents on the street
Roads, Police, Fire dept, parks etc etc etc
it's outrageous you think all that should be free for you, deadbeat
oh and don't forget the $ trillion your government pisses away on missiles and bombs to wage war across the globe. But you love that shit, don't you?
@@fuzedcable5612 99% of people don't live in tents.
People who make 1.5 mill are not the 1% lolol what a foolish comment
That’s called “gimme HALF!!!”
I swear that's what they take out of my bi-weekly pay
😭😭😭😭
I just started as a bartender and my tips paid for my taxes lol this shit is ridiculous
@@BazookaTooth707 You need to start swiping 85% under the table and claim the rest immediately
@@carpelunam Sadly most of my tips are through card payments and room charges. Very little cash since COVID because we no longer carry change
Start including property taxes.
You got to pay when you go to the DMV too
Don't you pay taxes on your car when you purchase one
@@dennisthemenace5150 taxes on the car ... and to register the car (tags) 2 different taxes just for the car .
Property taxes are protected at the rate when you bought the property! If you paid $85,000 for a house in the hills you still pay the same rate& it doesn’t go up when you die& your kids gets to live there
@@hughjazzole2037 What state is that? For my state you can't freeze your property tax until you are 65 years old.
While my daughter's state eliminated their property tax because her husband is a disabled veteran.
Don't forget property tax, gas tax, carbon tax, sales tax, environment tax, disposal tax, recycling tax, gains tax etc.... Politicians are stealing everything in sight.... need a major replacement program.
wtf why are there so many taxes ???
@@sibanimajhiBecause California is America's biggest economy and hotspot for entrepeneurs, millionaires, celebrities, companies and normal people too for its weather, attractions, lifestyle and the American Dream so everyone wanted to live there and create their business, make their carreer etc etc, the goverment saw that nobody wanted to leave so increased taxes thinking nobody would live cuz they loved the state and thats it.
Still doing wwaayyy better than me
When 99 percent of my work becomes under the table
question though....Will you save for retirement? how? honestly curious
That’s the one flaw with the Laffer Curve. People don’t stop producing at a certain effective tax rate, they just stop declaring their income.
@@douglascolby2908 by not buying the dumb shit you seem to buy 😂 for a man with discipline it’s easier to save money than spend it
@@douglascolby2908 My fat ass isn't making it to 60!
@@douglascolby2908 bit coin , CDS , Business loans , LLC liquidator
Life hack #69:
“So if you’re living in California, you’re getting ripped off!”
The top California state income tax is about 13%, most states have a flat or top income tax rate of about 5-10%. So while California’s top income tax rate is the highest, the difference across most states is less than 10%, pretty marginal overall, not a ripoff like you claim. And most of your taxes are federal income tax, which has nothing to do with California.
@@0IIIIII I love how almost 70% of the total taxes paid is federal and only around 15 is State but "oh California is shitty for taxes" ...idiots
Not really, ‘cause if you don’t live in California you don’t make the 1.5 million either. And if you are someplace making 1.5 million you will pay close to those taxes. And for those of us making less than 100 K we want you to pay those taxes
All taxation is theft
@@wborden did you go to highschool, depend on law enforcement, or the military, eat food, or drink water? Then guess what, you used tax dollars and should pay it back
That’s insane , 50% of your income is taken away lol who would live in California
So in other words, if you make 50 times more than I do, you only get 25 times what I make to spend.
Do you not pay taxes?
0 tax on 30000$
Well at least you would still have enough left to rent a one bedroom apartment, pay bills and eat at home. 😄
Just barely if you live in SF 🤣
Facts
@@Seashellsbytheseashore21 if you make $700k+ a year after taxes you make a lot of money and can buy most luxury properties in California.
@@thegraciousfundamentalists6146 lies
@Fearismanmade Why is it that the people who are always wrong are always the most arrogant? Riddle me that
Which is why some people in that bracket they don’t actually live or work there, they just own property. And at times reside there.
In theory, most people in that bracket have good accountants/tax lawyers and in practice they pay around 10-20%.
@@robertopics W
@@robertopics 10%? Lol okay then. We can all all make numbers up bud.
@@chester6343 u said anywhere from 10-20%
@@robertopics right and income tax isn't as easy to evade as just having a good accountant, it's such a silly statrment as if a "good accountant" has some magical way of dodging a load of tax that isn't completely illegal. You speak as if accountants and lawyers are the same thing, the accountant doesn't make a case to the taxman as to why you shouldn't pay certain taxes. You are taxed on income at source if you are employed and if you are self employed etc sure there are strategies to help lower your tax burden which an accountant can help with but straight up avoiding paying income tax is illegal and there is no real way around that. As soon as stocks/investments are turned into liquid that can be used to spend you are taxed on it. End of the day if Elon musk one of the wealthiest people on the planet paid 11B$ in taxes then idgaf who your accountant is, you're paying. All that aside go ahead and start talking to people who pay substantial taxes, I don't care which side of the political spectrum they are on, every single person is attempting to lower their tax burden, EVERYONE.
10” size pizza cost $17 at mountain Mike 😂
ive seen $30 small pizzas in cali
@@bangkokdangerous2507 damn
real talk lol.
It is a premium ingredients and the way they bake it though ...
If you don't like that tax rate, STAY THERE, and change it. YOU caused it.
Not to mention sales tax, property tax, tolls, etc…. There are still a bunch of other ways Uncle Sam collects more of that 758k left over.
Looks like a American has tax’s for everything and everything you buy …. In New Zealand you have only one tax and every year the Government does your tax Automatically so no pen or paper when it comes to tax
Lol like anyone can afford to own property in CA
Californians - "WhY aRe PeOpLe LeAvInG cAlIfOrNiA?" 🤪
There's not that many people leaving as a percentage of the population. The population actually increased from the 2010 census to the 2020 census. The only states to decline in population were Mississippi, West Virginia, and Illinois
then their property taxes are reassessed in Texas and they realize the big mistake they made. in California we don't have reassessment of property taxes the selling price sticks forever unless you do a major remodeling and then it's only a percentage that your taxes go up.
Wait till they see what Floriduh has in store for them.
@@cody4916 California got replaced by immigrants, hence increase in population
@@Glidescube lol the fact you’re trying to compare texas to Cali 😂😂
*"wHy aREn't wE taXiNG tHE riCH"*
What is rich? $2M? 10$M? Forget taxing, how about take ALL of the wealth from the top 1%? It won’t accomplish what you think it will.
If we stripped the top billionaires of everything, their wealth would run the country for like 6 months. Just taking peoples money doesn’t do much
Look at what a 1 million dollar house looks like in California. It looks really nice but, it ain’t a mansion
Bezos pays almost nothing. Corporations pay very little. Capital gains is a fraction of this.
@@bennybonilla2864 most people’s home cost more than a years income. If you making 1.5 million you’re probably living in a 10 million house. A person living in a 1 million house is probably making 250K. A wealthy individual but not rich.
@@jemazondo9331 nobody I know is advocating taking all the money away from billionaires. Just tax them at higher rates. Do you know how much money a billion is? A thousand million. We live in a country that fights over a $15 minimum wage and can’t raise tax rates on people like Bezos whose net worth is 150 billion. (150,000 million)
Keep voting blue this is what you get!
Bruh, dude won the jackpot and lost half of it in moments 💀
Given to people who don’t even work for living.. god damn politics
If you are talking about the recent 1.2 billion, he only lost half if he took the lump sum, and nearly half of the missing amount wasn't for taxes....if you take the lump sum the lottery company keeps part of it because if they didn't, they wouldn't have enough money for the next drawing
No state income tax on lottery winnings in California
Most ridiculous thing ever. The lotto should be tax exempt
Yeah he said he won 1.2 chose the pay up front which was 700 something million and after taxes only got 400 something million so definitely not a billionaire after winning lottery unless we get it to like 3 billion
Uggghh, I threw up at the federal income fax. 🤣
i threw up at the gross income
@@cburns458 same, 1.5million lol. These people should not be treated the same as the normal working class. Fuck em and tax em more
@@cburns458 And why did you?
Gotta pay for the upkeep of the armed forces and civil services.
700k a year is more than comfortable living 🤦♂️
And then they use that tax money to buy VR helmets for the army for 30 billion
I'm in the Army and I can say those helmets go hard
@@281.Garage 🤣
....i need to get into military contracting 😅😂
@@281.Garagethey better than the public version?
@@lavellelee5734 way
AND THATS STILL 5 TIMES WHAT i PULL IN IN A YEAR
And your salary is 400 times more than someone else. So what's you point?
That's just the basic costs. A whole slew of higher costs are also there. And yes, when government becomes a looter, the poor are the first to suffer.
All So your governor can tell you to stay home while he dines at French Laundry with your donation, errrrrrr, taxes. 😂😂😂
Don't be silly. They donate to him on top of that lol. "Yes Master please harder"
They didn't even recall the guy when given the opp.
Exactly. I hate my state.
Every governor dines on the taxpayers $$ …don’t get it twisted! Btw Ca. taxpayers did not pay for that dinner! What state are you from @Randy Neuman?
Lmao... So many hidden replies...
Not to mention go to football games.
Government be like “I want half Eddie!”
Goonie goo goo
That more then half.
You get taxed every time you spend what's left also.
"Money mud... money mud..."
It's communistic as hell. I drive the same roads and walk the same walks as a guy who makes 100k.
@@terryr_zappa8193
Can you imagine how bad those roads would be without those taxes?
Anyone with $1.5 million salary does not pay standard tax, they have write-offs and loopholes and they can afford the CPAs to exploit every one of them.
There is a yearly maximum yearly tax on Social Security. After that is reached, the deduction goes away until the new year.
Ok That’s it iam turning my u haul around . Thanks for heads up . Lol
Hahahahahaha
WE SAVED EM!
Wyoming is nice and Tennessee North Carolina South Carolina Alabama Georgia Montana South Dakota North Dakota ,Nebraska, Virginia lmao 🤣 all those states have what in common besides being red ??? THEY SUCK !!!!
Why would you ever go there 😂 I know you voted for biden
no go especially if you like nancy please go there and stay
Government: hey you made a great income this year, we’ll take half!💀
Yeah, sounds like a divorce settlement! 😆😺
“Don’t come here.” - a Bay Area Californian who knows it’s ridiculous here 🙄
If you run your own business, don't forget the additional $9114 for self employment tax.
You should make the person make 85k. I think more people can relate.
Make it 45 that’s what the “lower middle class” is pulling into their households, sometimes by two working adults!
@@Ofmyownvolition he means in California
@@ozymandias8523 haha i am in Cali my friend.
If the person makes less money they pay less tax percentage. So it would be a different calculation at that point.
Or u could just do the math 😂 or can u not relate
And they still cant figure out why people r leaving
Nah, of course they can't they're Democrats.
Federal income tax is the same no matter what state you live in lol. 1/3 of your income goes to the fed at this income. The fed government loves California
@@bwhaskell Smh u saw state tax was 184k and state disability was 1600 other states dont have those
Population is 40 million and not decreasing. By far most populated state in the country. Great climate, beautiful scenery, lots of things to do, great jobs. That’s why we have so many living here.
@@kenotube3160 yeah while many more are flooding my area over the past 4 years.
Need to bring back mad houses because of these ilk.
“Boo hoo I only got three quarters of a million dollars.” It would take the average American household 11 years to make that much money, we don’t want to hear rich people cry about these type of problems. Also why don’t you calculate it after all the deductions and loopholes, not to mention sheltered income.
*laughs hysterically in German*
@CalNatureGal We never will lol
@Aunt Shawna Not all gas and definitely not all oil in Germany are from Russia. And Russia didn’t just cut off gas imports and I doubt they will in the future. Even if they do, the problems are not as big as foreign media are portraying it. Yes the economy will suffer. But it’s not like we are going to freeze, many people have wood or pellet heaters and nobody uses gas stoves.
You literally splitting your pay with the state. Lmao they better be ready to help me with my job too for all that.
ya no shit!
If you made $1.5 million, you certainly won’t be asking the state for help with your job.
The federal income tax takes most of the money, has nothing to do with California.
They better at least have the decency to give you a reach around if they’re gonna be that deep in your pocket, from behind.
@@matthewyates3230 CA’s income tax for TOP earners only, is about 13%, not that much higher than the other states’ top income tax or flat tax.
You basically work for the government until June 25th
After two more years of Biden, we’ll need to change that to October 25th
Hey mate ever set food on a road? Or in school? Or been to a park? Or gone over a bridge? Or been treated by a doctor?
@@andrewcollingridge2413 What the hell were you trying to say? It sounds like you're trying to justify taking nearly HALF of a persons income is ok if they walked through a park with a bridge.
@@bspitler0 society comes at a cost
A civil society grants more with this cost ie healthcare or childcare
Also making 740,000 is more than enough quit complaining
Pay zero tax and see how quickly everything you take for granted goes
@@andrewcollingridge2413 everything you mentioned can be privatized and has been. What is your point? Lol
Brutal!
Still a really decent amount of money to live comfortably. If you don’t live in Cali 😂
That’s not just Cali. I live in Mass and it’s about the same
Shhhh. Facts ruin the point this guy is trying to make.
I like how everyone is talking about "get out of California" as if the federal taxes aren't 76% of what was taken.
Fed taxes are high. But state taxes in California are a stupid tax. You're stupid to live in California. Either way we need to educate the citizens on how to vote better. Time for a reboot of the system.
“I am angry at what I refuse to understand”
We should tax the rich more so they all leave and we can finally only have homeless here
Modern problems calls for modern solutions!
Now I see why y’all are moving here to Texas
And having no power in the winter
@@Mitch...Gregory that was one time…
Just turning it blue, you’re welcome
@@ynot2379 Like locusts. Destroy a state and move on to the next.
Soooo people can’t live off 700,000 a year???? Damn I need that life
The point is IF YOU WORK FOR YOUR MONEY.....IT'S YOUR MONEY!
Not the point, simp.
And point of this video flew right over your head. 😆 🤣 😂
Probably a commie dog who thinks everything is free
You would be trippin if the government just took 700k from you lol. I hope you get that life tho!
$100,000 to an accounting firm that saves him from paying anything listed😅
Brainwashed they could show there pay stubs and you still won't believe it. Kind of reminds of a cultive personality
Don’t forget inflation (the invisible tax) and sales tax.
At that rate, people should just get a Singapore citizenship
You dont pay taxes for your passport, you pay taxes for staying more than 183 days a year in a country, the only way to legally avoid USA taxes is to live there only 6 months a year and the other 6 months of the year in a Tax Heaven like Dubai or Monaco.
Thats 700+k more than everyone in the comments.
And almost 150k less than the other imaginary guy in Texas. 🤗
Underrated commented
Exactly.
Speak for yourself.
Yeah, that poor person. Living on scraps while those minimum wage workers get taxed so little.
“Tax the rich” oh boy we already are
1.5 million a year is a lot but not the “rich” that the people are talking about, people make more money than they can possibly spend
@@kdubs928 there’s rich than there’s elite.
The rich are being gutted, which is why so many are leaving.
@@JamesTaylor-kc2uc The somewhat rich are being gutted. The truly rich (9 digit club and up) are not being gutted.
@@legitler1208 then
I wish I had that problem tho
And where does all that go…
Free Medicare for residents
The pockets of politicians
Ukrainian
Israel
10% for the big guy
“Welcome to California “🎶🎶
Not no more. Got out of there.
Utah is much worse.
A single male is paying double taxes as a family of five.
He is paying for their kids school.
Moving to Texas
@@bigpun6029 poor much?
@@painfest01 California is the richest state in the US, a liberal success story
The Dutch are paying the most because of their excellent social system and their high standards with almost everything 🇳🇱
No one cares. High earners in America can buy all that and more.
Wait till the migrants take over then you’ll also understand what having a big, brown parasite on your back is like. We’ll see how long your social systems last
No matter where you work in California, you work for the government.
If it's a problem, I'll trade you salaries.
I'm almost breaking even every year. You'll love it 😀
To be honest 750k is 1.5 over two year you peasants
20 year retirement plant looking shity , my bad screw the dems and their bullshit gun control ideals that need a reality check ....I'll never give up my piece and the same for the gop keep religion outta government. Shit I wish I could've been aborted and now how many Iligal unsafe shit shows are gonna happen? Remember the 40s? And why doesn't anyone teach someone that the left doesn't mean dems and the right arnt always Republicans? You know what happens when you dumb it down without any capability to remove the dunce cap? They sit there with a dunce cap so long it becomes the good d a MN norm.
Seriously, right? I’d be happy to pay much more in taxes if my income was 20x what it is now. I might be able to squeeze by on $758K a year. Maybe.
Yeah I’m so sad for this guy. Gtfo
@@fooohousie
Because the tax rate couldn't possibly get worse (higher).
And he gets to keep most of his "half" that is remaining because utilities are free or cheap and other expenses are cheap...lol
🇺🇸 I'll take that! Even after taxes.
It's gotta be rough living off $750,000 a year.
Red states minimum wage $7 dollars!!!
Right to work States
RED !!!
Québec has entered the chat
@@Mxyz1234 humm loll say that to covid 650$ 4½ after covid 2300$ 4½ got to love Canada spending like no tomorow to Ukraine and are économie geting worse
Live in Quebec and work in Ontario hehehehe
@@vernierleclairstephane1784 one word "china"
Yep! live in California 40% of my income go to Taxes. Not including the cost of living of every day needs. Kinda sad cuz I don’t make 1.5mil. 😒😔
He ain’t lying they love my Tax bracket
Also, if you spend your net income on a mortgage or a vehicle you're paying a bank interest plus any goods you purchase are taxed.
Great place to visit. That's it.
Not even anymore
Yep
Nope
Wow, y'all hate whole sections of your own country 😒 🙄
I live here and I’d disagree.
Literally nobody in that tax bracket actually pays the full federal tax lmao.
Literally everybody who collects this amount from a job they have working for someone else does pay this amount. If you own a company and earn in this range there will be write offs etc, but as a salary.....
If it's all capital gains, he's screwed and will have very few deductions he can make... Unless he rents an expensive building, buys a Lambo for his company vehicle, hires naked maids to clean the building and puts all of this under an S-Corp...
@Turtle22 they only pay capital gains if they sell the stock, they borrow against the stock and don’t pay taxes on it.
@Turtle22 you don't pay capital gains taxes unless you're selling your stock.
@Turtle22 That's not true, because you can borrow against your portfolio. The taxes on the loan are much less than the taxes on the gains.
California deserves every bit and more
That is why I don’t pay tax!!! 😂😂😂😂😂
*80,000 IRS agents have joined the chat*
@@Shteven as if 😂😂😂😂
That's why they've been leaving and causing where they go, the prices to go up
Dude yes mother fuckers coming to Arizona and making house prices to go up
Ya that federal tax crazy lol
@@PizzaCake360 thats why they want to move to texas or florida. No state income tax
@@jimsmith7198 but is the federal tax still that crazy?
@@jimsmith7198
The total tax burden difference between California and Texas is only about 1.5% And HOAs are way more common in Texas which isn't factored into taxes.
oh my how is anyone going to survive on only 700,000 a year.
Does 50% tax sound good to you? This is even before you have to pay property taxes and everything that you buy that is taxed there as well...
@@dakota481 yes it sounds fucking great, it means i am making 1.5 million a year. people making less then 100k which is the VAST majority of us are not paying 50% tax
property tax on a million dollar home is sub 10k in most of California, California actually has some the lowest property rates in America again i think they will live, source me a person who owns a house in California
@@bluebarrymore5442 so what percent are you getting taxed after you figure it all in expert ?
This is why more and more people have a house on a hill right next to the off-ramp....
You can hear him get increasingly more annoyed 💀😭
They literally take half of the money you make… that’s nuts!
Someone needs to pay for all the wars.
They're not through taxing the half you get.....! Sales tax, property tax....etc.
In netherlands its over 50 and thats without medical insurance
It's 45% in the UK for the higher tax bracket. To think you are still taking that amount home with you after tax is still insane.
That’s very misleading. This example only assumes one person single without children or anything else to write off. Factor in a spouse and children and your tax liability changes drastically.
Don’t forget sales tax, licenses, plates, property tax, and all the other fees including gas tax
It's all so dizzying that I would never want to be a kid starting out in this environment. I used to see people pass away and feel sad for them. Now, my feelings are almost envy that they're out of this cruel world.
Don’t forget the cost living in a stable society that allows you the opportunity to make that kind of money
California Government: Let's make it 50/50 now
Social security one makes me laugh… does California even have police?
Social security doesn’t pay for police you DOOFUS
Social Security has nothing to do with police !
Now everyone knows what ALL of Canada pays. Thank you for sir 🤣
Sucks for you
Without the free healthcare, yea
@@TwoTwoFourSix
No one has free healthcare
Only 742K left? It's a hard life hey ;)
And believe me this people live paycheck to paycheck you know why cause they want to drive a Tesla or Range Rover want to live in a super nice area go dine and wine more that 3 times a week etc etc
Rich should pay their fair share, not half of it!! That’s definitely robbery!
Yeah that person had to work hard to make 1.5 mill. Shoukd he not work as hard and make 750,000 then take home 350,000. Why should the government take 50% f#@king outrageous. They just waste it anyway.
Just what California deserves !
Anyone making $1.5 mil annually should be savvy enough to not pay $500k in Fed income taxes. There's TONS of ways to reduce your tax burden.
That's where an accountant does his magic work
Keep voting them in they love taking your money
If you’re taken care of there is nothing wrong with high taxes.
@@LesterSuggs you ain't taken care off. Have you seen the homeless and drug problem? Ignorance is whats causing it because you think your money is being used wisely like a fool.
@@LesterSuggs Fuck that
@@LesterSuggs shhhhhh. Americans are angered by rational thinking that doesn't involve greed.
@@Cyborg_Lenin I’m gonna word this how someone else in these comments did imagine working for some amount of money, rather it be 1.5 million, 50k or 5k and then loosing half of that. How would you feel?
You Americans are really blessed ,atleast there is an opportunity for you to make that amount of money still .be grateful for the beautiful system you lot have
Sounds like you don't know the loopholes the wealthy people uses. Sucks for you.
Should do a walk through of what buying a 3bedroom 2 bath house looks like. Lmfao
**laughs in IRS**
Why does this shock anyone? We all need to pay taxes. That’s how a civilization funds the infrastructure, police, firefighters, etc. we all use. You can do a lot, buy a lot and live more than comfortably on $750,000 a year.
healthcare fore every body? a nightmare for americans. social security? sell me your home, i tell you the price!
Naive. Ever heard of the Grace commission?
Btw this is just the TAXED income, not the spending money you get for food after utilities rent and other taxes
Me: made 1.5 miL
Gov: where's my Cut!
With the music from The Godfather playing in the background.
@@ibnsabeel9466 government: FK you pay me.
I logged off as soon as i heard “fed tax 5 hunnn”
Bruv paying 50% of your money is insane
If you think this is bad, check out the tax rates from 1940 to 1977. We got it cheap right now.