Google lays off “hundreds” more as ad division switches to AI-powered sales

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Considering the amount of incompetence and waste shown at that level, and the sheer redundancy? Good. The best C-suite is no C-Suite at all.
No, the realistic outcome that we have seen again and again is that new companies will arise out of Stanford/Berkeley dorm rooms that take advantage of state of the art and just run roughshod over the existing companies, whether they be deserving of that fate (Yahoo) or just eviscerating the incomes of the lowest rungs of the ladder (like how Uber killed off taxis).
 
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Plus SSI (6%, if you're employed and your employer pays the other 6%, but it's 12% if you're self-employed), plus state taxes (amounts differ, but they run from 13% at the high end for CA to 0 for several Red states - most of which run deficits or cut essential services like state road repairs, public hospitals, fire, ambulance, etc), plus state, county and city sales taxes (which can be as much as an extra 15% or more depending on the county or city).

That total can be upwards of 50% OR MORE of someone's annual income going to the feds, state, county or city. And that ONLY applies to the middle-income bracket. The poor see far more of their disposable income go to taxes by proportion than any other income bracket.

You don't really get "tax code" do you? It's not just ONE source adding to the headaches. It's multiple sources. Even if you're well under the federal taxable income level, you're still kicking out taxes that can take up to 25% out of your remaining income and EVERYONE pays the 12% (in total) for SSI if they have ANY income (because there is no minimum income level that isn't taxed by that).

This is largely why "death and taxes" are the two things one can't avoid in life.
Tax share of GDP are apples to apples comparisons to peer nations and USA regularly is on the low end of developed countries, around 20% of total GDP.

The high marginal rates you are complaining about only kick in at high incomes in the USA. In Western European nations they kick in super early and are combined with a high VAT.
 
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