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Today I added up all the tax I pay

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xBiffx said:
Jealous that your entire wealth of talent does't equate to what others have in their little finger? I'm sure it's difficult to sit around and bitch about what everyone else has that you don't.
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I believe js80 makes as much as he does because he seems to be a intelligent fellow even though I never agree with him on politics. You on the other hand seem to be a fucking moron and I dont believe for 1 second you make what you say you make.
 
The-Noid said:
I would. Pay 40% instead. Then we can fight. Going to 18% puts an Aston Martin in my garage every year. Think of it that way...

The tax system is fair. If I pay a bit more that is fine. Everyone needs to be in the same boat though. 2% here is fine. 5% here without major concessions from A LOT of groups doesn't fly.

I won't even bring up the risk argument because that is pretty well understood by everyone.
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You didnt pay 40% on the same 36k he did. SO it is fair he just chose to not make as much as you.
 
The-Noid said:
I would. Pay 40% instead. Then we can fight. Going to 18% puts an Aston Martin in my garage every year. Think of it that way...

The tax system is fair. If I pay a bit more that is fine. Everyone needs to be in the same boat though. 2% here is fine. 5% here without major concessions from A LOT of groups doesn't fly.

I won't even bring up the risk argument because that is pretty well understood by everyone.
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I think the term is "marginal utility". My take home pay is $12.00/hr, but with no taxes it would be $15.28. That's over a 25% difference.

Then when you factor in the fact that a lot of baseline costs are the same for both of us, that the real burden of my taxes is even bigger.
Look at it this way... I didn't have to pay any taxes, my yearly savings would go from -$3000 to +4000. What about yours?
 
xBiffx said:
Jealous that your entire wealth of talent does't equate to what others have in their little finger? I'm sure it's difficult to sit around and bitch about what everyone else has that you don't.
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Wealth of talent and salary are not that strongly correlated. Wealth != talent.
 
her209 said:
The claim is that "poor" people don't pay taxes.
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With a kid, they pay no federal income tax. The poor and lower middle class don't pay ANY federal income tax. 47% don't pay ANY federal income tax.

That is a FACT. Time for them to pay their fair share, OP is not paying his fair share. Less than 10% federal tax.
 
The whole 47% debate is a semantical strawman.

Those that are in that 47% category are paying taxes at the same rate as everyone else on their similar income including the millionares on that first x amount earned.

Where the debate is being thrown off the rails is that there is a refund due to credits that brings their effective tax rate down to 0%. Now, when this same logic is applied to corporations, it is summarily dismissed because "the U.S. has the highest corporate tax rates in the world!"

Now, never mind that there are companies that have earned billions upon billions of dollars that have the very same effective tax rate (0%) that the 47% have and that their contributions would drawf those of the collective 47%, it's the 47% that is unAmerican.

Take a look at this:

http://www.businessweek.com/interactive_reports/corporate_taxes_2009_who_pays_the_least.html

Among the 22 lowest tax payers amongst corporations, not a single one paid more than a flat 7% effective tax rate (and there was only one at that point). They made a combined $18.606B dollars in earnings (not total revenue...earnings!) before tax and paid a combined $2.086B in taxes.

And this was from 2009 data. Let's not forget the story of GE getting a $7B refund last year! But let's follow the strawman as we are led to believe that it is those at the bottom that are not contributing their fare share while those at the top keep using their slight of hand to take the money from their tax burdens and put it into their bonuses and congressional pockets.
 
JSt0rm said:
I believe js80 makes as much as he does because he seems to be a intelligent fellow even though I never agree with him on politics. You on the other hand seem to be a fucking moron and I dont believe for 1 second you make what you say you make.
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When have I ever stated what I make, fucking moron yourself. Your jealously and ignorance on the subject of pay is quite telling.
 
BTW I'm not jealous of js80. But I'm annoyed that people at his income level complain about how much they pay in taxes and act like poor people don't pay.

I am jealous, though, of the people who don't do anything but shuffle money around and make millions.
 
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RightIsWrong said:
The whole 47% debate is a semantical strawman.

Those that are in that 47% category are paying taxes at the same rate as everyone else on their similar income including the millionares on that first x amount earned.
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BULL FUCKING SHIT!

What part of they pay ZERO federal income tax can you not understand? The EITC and most all deductions are not available to those "millionaires and billionaires" Have you never filed your taxes? no AMT? No attention to phase out based on income?

It's not a strawman, it's a fact. My guess is OP hasn't done his taxes yet and is instead focusing on what was withheld, not what he actually paid. And you're doing the same, ignoring that all those credits and deductions cannot be taken by "the rich". Rich being any white collar professional male with no kids or a dual income white collar professional family.

Understand facts before you start throwing the strawman word around.
 
what i don't understand is why people seem to think that the solution to tax loopholes allowing people/corps to get away with paying little-no taxes...

is by raising the tax rate?

i don't fucking get it. how bout you just close the loopholes?
 
Throckmorton said:
BTW I'm not jealous of js80. But I'm annoyed that people at his income level complain about how much they pay in taxes and act like they're poor people don't pay.
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I will do everything in my power to make sure you pay your fair share. See you in November liberal.
 
Fayd said:
what i don't understand is why people seem to think that the solution to tax loopholes allowing people/corps to get away with paying little-no taxes...

is by raising the tax rate?

i don't fucking get it. how bout you just close the loopholes?
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Can you describe said loopholes that can be taken advantage of by a dual income white collar family in the top 2%? I would like to take advantage of said loopholes. Please do describe said loopholes.
 
spidey07 said:
BULL FUCKING SHIT!

What part of they pay ZERO federal income tax can you not understand? The EITC and most all deductions are not available to those "millionaires and billionaires" Have you never filed your taxes? no AMT? No attention to phase out based on income?

It's not a strawman, it's a fact. My guess is OP hasn't done his taxes yet and is instead focusing on what was withheld, not what he actually paid. And you're doing the same, ignoring that all those credits and deductions cannot be taken by "the rich". Rich being any white collar professional male with no kids or a dual income white collar professional family.

Understand facts before you start throwing the strawman word around.
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No, I'm focusing on what I'll actually owe. My withholding was too high, because when I was filling out my W-4 form the administrative assistant told me to put down 3 for my dependents, when it should have been 1. I'll owe $487 to the IRS more than what they withheld.
 
Throckmorton said:
No, I'm focusing on what I'll actually owe. My withholding was too high, because when I was filling out my W-4 form the administrative assistant told me to put down 3 for my dependents, when it should have been 1. I'll owe $487 to the IRS more than what they withheld.
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Well it's high time you pay more and pay your fair share.
 
spidey07 said:
Well it's high time you pay more and pay your fair share.
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It's not bad enough that after taxes I make $3000 less than I need to survive, you want me to pay more? So what is my "fair share"?

If 18% less than my fair share, what about the 15% capital gains tax? What should that rate be?
 
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spidey07 said:
Can you describe said loopholes that can be taken advantage of by a dual income white collar family in the top 2%? I would like to take advantage of said loopholes. Please do describe said loopholes.
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i'm referring to the deferrment of capital gains taxes and such that the basis for obama's class warfare rhetoric... you know, warren buffet claiming he pays less per dollar earned in taxes than his secretary....

similar to corporate income taxes that were mentioned in this thread. (ge and such) I'll admit i haven't done the research in this area to be particularly knowledgeable (my economics degree specialized in micro-econ and game theory!) but it seems more valuable to get rid of outstanding loopholes than committing logical fallacy by holding them up as a reason for raising the tax rate on everyone who DOES pay the full marginal tax rate.
 
Poor pitiful Throck. Always getting the shit end of the stick. If he got paid to piss and moan he'd be a rich man. But...still unhappy.

You've been making less than you need to survive for years now. How can that be?
 
I want to point out that spidey07 is great because he's the one honest conservative. He says what rightwingers think, but gloss over with political correctness.
 
boomerang said:
Poor pitiful Throck. Always getting the shit end of the stick. If he got paid to piss and moan he'd be a rich man. But...still unhappy.

You've been making less than you need to survive for years now. How can that be?
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No, for a year and a half. I've been doing it with CREDIT.


It sucks, but I have had no choice. I've gotten a second job working for a surveying company (zero work so far in 2 months), started a Cafepress store, and applied for a LOT of jobs... But I've had to depend on credit cards.
 
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Throckmorton said:
Yes I'm sure it's very difficult making enough money that your taxes are higher than my salary!

Maybe we can work out some deal where we exchange salaries for all of next year. I'll be rich and you'll get to pay low taxes. Win-win!
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Now you're just sounding jealous, sort of like the OWS folks.
 
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