bush was good??
Idk Mafesto... idk if we can even be friends anymore...
It's all good.
I won't hold your incorrectness against you!
Clinton vs Obama
- Thread starter Scott
- Start date
It's all good.
I won't hold your incorrectness against you!
S
snowmobiler
Well-known member
When that committee adjourns from figuring out how they will make up the 5 trillion dollar Deficit casued by 20% tax cuts and limited deductions you are talking about, Again!!!! You let me know how all that works for you.
footnote to this would be they wont be able to cut anything out of the military budget because that 20% line item in the federal budget is actaully going to increase. By how much?? "Pick a number, any number really"
As the commercials in the swing states have stated so profoundly "Wake the F up Amercia"
footnote to this would be they wont be able to cut anything out of the military budget because that 20% line item in the federal budget is actaully going to increase. By how much?? "Pick a number, any number really"
As the commercials in the swing states have stated so profoundly "Wake the F up Amercia"
It's all good.
I won't hold your incorrectness against you!
Lol, please mafesto, please tell me what he did that you liked! If you can think of 3 things I'll agree with you!
"fool me once shame on you fool me twice..... Well you just can't fool me twice" hahaha best quote of all time
I guess that means everyone but that 1 Obama voter wants no taxes for the rich and all financial burden on the country to be on lower/whats left of the middle class?
Ask France how well that worked out for them.
Ask France how well that worked out for them.
B
Bowfisher
Well-known member
I don't think any one class should have to pay a higher percentage of there income than another class.
You've been watching too much MSNBC.
Not sure what to make of your France comment...I think you have that backwards. France has very high tax rates and has always taxed the wealthy heavily....between 40 and 75% the last few years. I'm glad the business I'm involved with doesn't have to pay that, we would have to close the doors!
Here is an article with some facts on who pays what in taxes here in the USA.
http://usatoday30.usatoday.com/mone...011-09-20/buffett-tax-millionaires/50480226/1
"This year, households making more than $1 million will pay an average 29.1% of their income in federal taxes, including income taxes, payroll taxes and other taxes, according to the Tax Policy Center, a Washington think tank.
Households making between $50,000 and $75,000 will pay an average of 15% of their income in federal taxes.
Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5% of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7%.
The latest IRS figures are a few years older — and limited to federal income taxes — but show much the same thing. In 2009, taxpayers who made $1 million or more paid on average 24.4% of their income in federal income taxes, according to the IRS.
Those making $100,000 to $125,000 paid on average 9.9% in federal income taxes. Those making $50,000 to $60,000 paid an average of 6.3%."
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No, its not like I believe what I said. Just an equal and opposite statement to the one above mine.
I think we need to be careful about just listing tax rates and not taking account the total effective tax rate (after deductions and such).
I know a big problem in greece was that a lot of people just didn't pay taxes. Even though they were supposed to..
I guess the point is, does a 40% tax rate actually matter if the average effective rate is actually 20%?
Exactly. And I'll take it a step further.
In 2008, a small business (local) employs roughly 40 or so people. Same small biz has not been paying 941's (Federal Employee withholding) even though they have been withholding from each individual's paycheck over the previous 5 quarters ($2.1 million principle only). Just before the padlocks come, Small biz gets an experienced tax attorney and waives the white flag. Attorney and IRS work out a deal where the President and CEO sells biz (corporation) to one of his 3 sons. Son and new corporation changes the name of biz however, keeps the acronym the same, same phone numbers, same employees, etc.
A small investigation by a private party proves that this same, exact, identical thing (the only difference is the amount of deliquent tax and the white trojan saving the day) has happened 3 previous times since 1981. The biz was padlocked 1st of the 3 times previous.
Comments?
That is why I chose that particular article and didn't post the rates from the IRS site.
The article specifically states thes were the average %'s PAID by people in those income ranges. PAID. IRS rates before any deductions are higher than these as also pointed out in the article....35% above $340K.
I was talking about this comment. Thank you for being careful with the link though.
I missed this part since you edited it in, but I was referencing the French revolution.
