Is it true that Americans are to this day afraid of socialism?

[EnricoPallazzo]

Ka-pi96 said:

EnricoPallazzo said:
40% tax in UK.
Jeremy Corbyn wanted to increase it even more. Someone gotta pay for all the socialism. Until the money runs out.

Only for people who earn over 40k a year. And the first 10k is tax free too so even if you were earning 40k you'd only be paying 30% tax (40% of 30k).

Sorry I thought we were only talking about gross rates. Net rates will change a lot from person to person. Still its pretty brutal.