WTF is with US Taxes

[jimmy buffet]

Did my taxes over the weekend and was told some people will get more money in may. Bush passed a refund to people that
single $800
married with kid $1500
2 kids $1800

Something like that

But the bullscit is that if you earned
single $80,000
married with kid $150,000 combined

you dont get SCIT!!!!!!!!!!!!!

So my taxes (and Yours) will go up next year because others make less and this is going to stimultae the economy!!! WTF is this BULL CRAP I know its not a ton of money, but this BLOWS MONEY IS MONEY and thats why the US dollar is CRAP Just because i make good money i dont get SCIT

FFFFUUUUUUKKKKKK TTHHHHIIIISSS

 

[sd900climber]

I tell you what, I'll make you a deal. I'll give you my "rebate" and you give me your salary, sound good?

Yeah, didn't think so.

 

[coyoteman]

life is just not fair!!! we get ours since we only grossed 149,999.

 

[coyoteman]

believe it or not, there are people who could really use the money, but the problem is they will use it to go buy a big screen, rather than using it to feed or put clothes on their family. thats what is bs. mine is going straight to the savings account.

 

[ruffryder]

believe it or not, there are people who could really use the money, but the problem is they will use it to go buy a big screen, rather than using it to feed or put clothes on their family. thats what is bs. mine is going straight to the savings account.

Why do you say that? Cause you heard it on the TV? I am paying off debt. thanks for the money, jimmey, I appreciate your work. lol

 

[sd900climber]

Yep, and that's what's wrong with this "stimulus" package. People are either going to pay off debt or put it in savings/retirement. That will do absolutely nothing to stimulate the economy.

But, like coyote said. Some people will blow it on big screens, which, the gov't doesn't care, b/c that does help the economy in a weird way.

And, people are going to be REALLY upset when they realize this is just an advance on their next year's tax return.

 

[yardfarmer]

believe it or not, there are people who could really use the money, but the problem is they will use it to go buy a big screen, rather than using it to feed or put clothes on their family. thats what is bs. mine is going straight to the savings account.

I was thinkin bout some spinners on my ride! How you helpin the economy by putting it in your savings account you tight @$$ TV watcher! lol

 

[ruffryder]

Yep, and that's what's wrong with this "stimulus" package. People are either going to pay off debt or put it in savings/retirement. That will do absolutely nothing to stimulate the economy.

But, like coyote said. Some people will blow it on big screens, which, the gov't doesn't care, b/c that does help the economy in a weird way.

And, people are going to be REALLY upset when they realize this is just an advance on their next year's tax return.

When paying off debt, isn't that decreasing the amount of time till the person is able to spend themselves back into debt? Where do you think the money goes when in the savings account? It gives banks more money and allows them to give out more loans to businesses who in turn spend it. I think it is a way of giving people more money without simply printing it and having a problem with inflation.

A small amount of money to everyone can make a big change. Where are the econ guys at to better explain this? I highly doubt they put up a bunch of choices of things to do on a wheel, spun it, and then threw a dart.

"You have landed on rebates, problem solved." lol

I don't pretend to know much about finances, but looking only at the effect the money has on the rebate to the primary recipient seems a little short sighted.

 

[jimmy buffet]

First off, my salary has nothing to do with it. Sorry i went to school for it, worked hard, and have a ton of stress because of it, and make a few dollars.

Second, Income depends on where you live. Closer to the water or city the more they cost. And if you work in the city like i do things cost money. i cant even park my own car for less then $20 bucks a day in the city!!! Homes cost a min of $400,000 were i live and into the millions. If i lived in the country and had morgage payments to reflect it then fine, BUT I DONT. Its not like i drive 100,000 cars and trucks.

Point being was that if your going to stimulate the economy than everyone should get it. we are all paying for it!!!!!!!!!!

 

[niner49]

You have got to be kidding me right? for a college educated guy if this stimulus package/tax welfare check is the only problem you have witht he US Tax system you must of slept your way through a few of those econ classes

Heres one for you at the most basic level....

If you are in the 38% tax bracket(based on your numbers) and work 52 weeks a year, then for the first 19.76 weeks of every year, every penny you make goes to pay your TAX bill

52 weeks X 38% = 19.72weeks

you can fill in the tax bracket depending on where you fall

 

[yardfarmer]

 

[ArcticBoy]

Flat tax. No tax accountants, no tax lawers, but best of all no IRS. You spend money, you pay tax. No loopholes, no withholdings, easier on employers. Don't worry it will never happen because of the formentioned benefits to most (no more lawers). Sure would be easier.

 

[Hotwatkins]

Yep, Flat Tax

everyone needs to keep spreading the word.
It would benefit everyone. even the govt. He!!, even the criminals, drug dealers would pay taxes then.

http://www.fairtax.org/site/PageServer

 

[hesse]

600 bucks isnt goona save anybody from foreclosure
600 aint gonna do much for anybody but it will help somewhat.


as for a stimulus package? doubt it will do much but maybe it will

 

[skidoorulz]

The thing that bothers me about this rebate is the guy who paid in say $600 into fed income tax gets $600 rebate. The guy that paid in say $7000 into federal income tax he gets $600 rebate. It just does not seem right that 1 guy gets a 100% rebate while the other guy gets an 8.5% rebate. Personally if the fed has that much money lying around I think they should keep it and pay down the national debt. My rebate is just going into my Roth.

 

[SNOW JW]

Flat tax is great but what about if your trying to get into a biz and your going to buy a semi truck, shop, corner store ect ect???

 

[skibreeze]

What bugs me is that it cost $22 million just to mail out the letters telling you that the checks would be coming. Didn't we hear about it in the news? For free?

 

[nitromaniac]

The government at their finest, spending $42 million to let people know about the rebates.

Won't mean much if the Fed keeps lowering interest rates, inflation keeps making it less and less.

Funny part is the candidate who wants to right the ship with the Fed and the IRS is considered unelectable.....

 

[ArcticBoy]

Flat tax is great but what about if your trying to get into a biz and your going to buy a semi truck, shop, corner store ect ect???

You already pay sales tax and what do you do now, finance it, purchase price and all. Remember each of your paychecks will not have withholdings taken out. Now you can take that amount and invest it the way YOU want. Don't get me wrong, many things need to be worked out, it just seems to be a better way once it's set up.

 

[jimmy buffet]

You have got to be kidding me right? for a college educated guy if this stimulus package/tax welfare check is the only problem you have witht he US Tax system you must of slept your way through a few of those econ classes

Heres one for you at the most basic level....

If you are in the 38% tax bracket(based on your numbers) and work 52 weeks a year, then for the first 19.76 weeks of every year, every penny you make goes to pay your TAX bill

52 weeks X 38% = 19.72weeks

you can fill in the tax bracket depending on where you fall

that is my point, i payed between me and my wife 68,000 last year and got back 7,000 I think that 61,000 in taxes is crazy, but thats the way it goes if you work for someone and cant scame or aviod it!!! but this new one is a one time shot that is going to people who have put skit in last year and they get money and i dont!! thats fair.

We can also save the money skibreeze is talking about by doing it a few months ago at tax time

If they wanted to help the economy out maybe do it around thanksgiving so it might go towards x-mas as well