Paying "fair share", and what does that mean to you?

[fskimospy]

If communism DID provide the 'best possible overall situation to the greatest number', presumably, you WOULD favor it.

People shouldn't get confused by the fact supporters widely have that goal, with the opinion that communism is not good at actually doing that, hence not supporting it.

A lot of right-wing policies are like communism, falsely claiming to 'help the people'.

Right, but communism doesn't, so I don't.

 

[Lithium381]

You didn't say how much you are making but you commented how the amount taxed "sufficient to sustain a family of 2 with decent quality of life".

So who proclaimed you god?

Typical rich hypocritical son of a bitch

You are exactly why this country is going down the shitter.

You whiny bastard, you hate paying your fair share so much and hate the country so much why the hell do you stay here?

Please leave, both you and the rest of us "sustaining" real Americans will be so much happier with your kind the hell out of here.

Can you define that please, Dave? How much is ones' fair share? How much of our productivity should be given to "the greater good"? Why do you feel the "rich" should pay more into this magical fund and you shouldn't? How much more of the public roads does someone making 100k use than someone making 22k?

 

[shira]

Can you please explain these tax breaks for the rich and the effect of AMT on the rich? I'd like to hear them.

I hope you know that short term capital gains are treated exactly as income so you're already mostly there to your liberal utopia.

You're an idiot. The rich are rarely affected by AMT. Here's an example to explain why:

Suppose you make $1,000,000 in income in a given year and have $100,000 of deductions. On your $900,000 of taxable income, your federal tax is 285,308.

Now suppose that under AMT all of your deductions are removed. And at that income level, your AMT exemption amount is 0. Your AMT tax is therefore 276,500. Since 276,500 < 285,308, you owe no AMT.

The higher your income, the less likely you are to be affected by AMT, because every additional dollar is taxed at the 35% rate for "regular" taxes but only 28% for AMT.

On the other hand, AMT is quite likely to affect those with more moderate incomes, because their marginal tax rate is 25% but their AMT rate is 26%.

 

[thegimp03]

You didn't say how much you are making but you commented how the amount taxed "sufficient to sustain a family of 2 with decent quality of life".

So who proclaimed you god?

Typical rich hypocritical son of a bitch

You are exactly why this country is going down the shitter.

You whiny bastard, you hate paying your fair share so much and hate the country so much why the hell do you stay here?

Please leave, both you and the rest of us "sustaining" real Americans will be so much happier with your kind the hell out of here.

lol, umad?

 

[Argo]

You didn't say how much you are making but you commented how the amount taxed "sufficient to sustain a family of 2 with decent quality of life".

So who proclaimed you god?

Typical rich hypocritical son of a bitch

You are exactly why this country is going down the shitter.

You whiny bastard, you hate paying your fair share so much and hate the country so much why the hell do you stay here?

Please leave, both you and the rest of us "sustaining" real Americans will be so much happier with your kind the hell out of here.

I'm not going to even bother responding to that.

 

[dmcowen674]

The rich are rarely affected by AMT.

Here's an example to explain why:

Suppose you make $1,000,000 in income in a given year and have $100,000 of deductions. On your $900,000 of taxable income, your federal tax is 285,308.

Now suppose that under AMT all of your deductions are removed. And at that income level, your AMT exemption amount is 0. Your AMT tax is therefore 276,500. Since 276,500 < 285,308, you owe no AMT.

The higher your income, the less likely you are to be affected by AMT, because every additional dollar is taxed at the 35% rate for "regular" taxes but only 28% for AMT.

On the other hand, AMT is quite likely to affect those with more moderate incomes, because their marginal tax rate is 25% but their AMT rate is 26%.

There are many rich that fail at math unlike you. Just look at Lithium above you. He is clearly rich but doesn't like how much he has to contribute to the society he hates.

 

[Lithium381]

There are many rich that fail at math unlike you. Just look at Lithium above you. He is clearly rich but doesn't like how much he has to contribute to the society he hates.

rich lol, up until a few months ago I made less than the national average, now I make just above. "the society he hates" ? how do you validate that? did you get a running start onto your "jump to conclusions mat?

you're clearly jelly of anyone who makes more than you and feel entitled to a portion of their income to subsidize your own laziness and lack of life fulfillment. m i rite?

 

[DominionSeraph]

You conveniently ignored the other half of my post.

You know, the half where I asked you a direct question.

Nice dodge.

You want me to formulate a tax code? Pay me $100k and I'll assemble the data and crunch the numbers.

Ball's in your court.

 

[shortylickens]

If you are just talking about tax dollars:
Flat 20&#37; federal and 10% state. The government needs to figure out how to work with that.
If it means NOT spending 50 million on a piece of shit plane, so be it.

No city taxes. Sales tax and property tax should be minor and again, the government needs to figure out how to make it work. This should be obvious, but when I lived in Eugene there was serious talk of instituting a county-wide income tax to help pay for things.

Actually now that I think about it I never cared much for sales tax or property taxes or estate taxes or any of that crap. I understand paying taxes when you MAKE money, but paying to SPEND money just seems counter productive. Get rid of that crap. Also all the stupid little extra penalties like cigarettes and stuff. If smoking is deadly, then fine, those people will die earlier and make room for non-smokers who will live longer, work longer, and pay more income tax. But the health risks are more than enough punishment, its not fair, realistic, or reasonable to make people pay extra just because of a habit. Ditto the gas guzzler tax on big cars. If you are burning more gas that means you are BUYING more, which is already taxed. Quit double dipping, Uncle Sam!

 

[HendrixFan]

So, what is my fair share liberal? What is it? How much do you wish to steal and redistribute? How much? Is my 60 thousands dollars every year not enough?

Isn't your family a net gain when talking about government money? If I recall, your wife's inflated government salary is more than your taxes paid. At the very least her robust pension will ultimately have your family be a "leech" of government money.

 

[Hacp]

Sidestepping who pays how much and how fair it is, how about looking at where that money is spent? According to http://www.whitehouse.gov/issues/taxes/tax-receipt , the big four costs paid for by federal taxes are:

National Defence = 26.3%
Health Care = 24.3%
Job and Family Security = 21.9%
Interest on Existing Debt = 7.4%

Under "National Defense", "Ongoing operations, equipment, and supplies" is 10.5% of your tax bill, "Research, development, weapons, and construction" is 8.8% and "Military personnel salaries and benefits" is 6.0% of your taxes. Under "Job and Family Security", "Unemployment insurance" is 4.4% of your tax bill, "Food and nutrition assistance" is 3.6%, and "Housing assistance" is 2.2%.

The blame game probably isn't going to lead anywhere. Instead, how about you lobby for cuts?

So basically. if we get rid of medicare and social security, we'll be in the black? Lets do it!

 

[Carmen813]

You worked hard all your life to make a good wage. You arn't paying enough in taxes to support those who didn't try to make something of themselves.

You need to pay your fair share. Since the lessers' share is 0%, you only paying 26% is not enough to cover both you and said lesser.

Please pay more. Please pay your fair share.

Thanks

Because success relies on nothing but hard work, am I right?

 

[Hacp]

If the socialists on this board want to pay more taxes, they can send a check to the federal government.

 

[Engineer]

So basically. if we get rid of medicare and social security, we'll be in the black? Lets do it!

and once the SS and Medicare taxes fall off (you will cancel them since the service has been cancelled).....?

 

[a777pilot]

If the socialists on this board want to pay more taxes, they can send a check to the federal government.

Socialists on this board or any where else, for that matter, only want to use other people's money......not theirs.

I believe it is called staying true to the double standard.

 

[her209]

If the socialists on this board want to pay more taxes, they can send a check to the federal government.

Socialists?
http://forums.anandtech.com/showthread.php?t=2137726

Serious question about getting food stamps/other benefits

So my parents claim me as a dependent, but after this year, the 4 year tax credit for going to college runs out. I still have one more year to go but I don't think they get any benefit from claiming me as a dependent. They itemize.

Now, I'm making 10K from a part time job a year. My question is, should I claim myself? What are the benefits to claiming myself? I don't think my parents get any benefit from claiming me now that the tax credit is gone but I want to make sure.

One benefit I see in claiming myself is that I can immediately apply for government programs like food stamps. I checked the official website and it looks like I can get 100 dollars in food stamps a month. What other programs are there to milk? Thanks for your advice. Any tax experts, please chime in.

 

[Engineer]

Socialists?
http://forums.anandtech.com/showthread.php?t=2137726

Zing!!! :awe:

 

[dmcowen674]

rich lol, up until a few months ago I made less than the national average, now I make just above.

So "up until a few months ago" you had no problem paying your fair share, now that you are rich you do.

Got it

Rich whiney ass that hates America

When will it be enough that you will leave instead of whining?

 

[a777pilot]

Why do any of you want to take other people's money. Is it not their money to do with as they please? (Within the law, that is.)

 

[Lithium381]

If the socialists on this board want to pay more taxes, they can send a check to the federal government.

that's what i suggested here: http://forums.anandtech.com/showthread.php?t=2180044 but they got all butt-hurt for hearing it like it is, especially that Dave character.... he has the notion that I'm rich because I dont' want to take everyones money for the gubment....

 

[Lithium381]

So "up until a few months ago" you had no problem paying your fair share, now that you are rich you do.

Got it

Rich whiney ass that hates America

When will it be enough that you will leave instead of whining?

You once again have not defined "fair share". That's just a buzzword to get people emotionally involved in the issue of trying to blame the REAL rich. How much do you make, Dave? Do you pay YOUR fair-share? You're the one whining, when are you going to leave?
I'll wait patiently for an on topic response but won't hold my breath.

 

[fskimospy]

that's what i suggested here: http://forums.anandtech.com/showthread.php?t=2180044 but they got all butt-hurt for hearing it like it is, especially that Dave character.... he has the notion that I'm rich because I dont' want to take everyones money for the gubment....

No, you made a stupid thread based on a strawman and it got locked.

Think about how hard it is to get a thread locked here, and yet somehow you were able to make one shitty enough to accomplish it.

 

[TheSlamma]

Middle class should pay so much in taxes that most of them are forced to live check to check.. and rich people should pay nothing at all through loopholes galore, that way they have more to stash away in bank accounts since they don't use it at all to create jobs with.

Oh wait, you didn't want an observation.. you wanted to know what fair share really means? okay sorry that question will take more time to answer

 

[fskimospy]

Socialists?
http://forums.anandtech.com/showthread.php?t=2137726

LOL.

Is Hacp secretly Craig T Nelson?

http://www.youtube.com/watch?v=yTwpBLzxe4U

 

[Matt1970]

"Fair share" is Bullshit. The government kicked spending up nearly 30&#37; and then wants the rich to pay for it. There are taxes on almost everything you can buy, make, or have given to you. Then taxes again for shit you own that you already paid tax on to purchase and tax on the money you made to be able to purchase that shit. We have enough taxes folks, we have way way way too much spending.