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Posted: 2/25/2016 10:56:36 AM EDT
[#1]
Page 2 doesn't pay taxes.
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Posted: 2/25/2016 10:56:49 AM EDT
[#2]
EIC should be terminated. You shouldn't be able to get back more than you paid in.
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Posted: 2/25/2016 10:56:52 AM EDT
[#3]
My wife and I paid in right at $24000 and got $1800 back.
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Posted: 2/25/2016 10:57:31 AM EDT
[#4]
Quote HistoryQuoted: Ding ding, it also taxes the trillion dollar black market of drugs, prostitution and under the table wages. Quote HistoryQuoted: Quoted: Just change it to a 10% federal sales tax on EVERYTHING. No exceptions. The more you spend the more you pay. Rich people spend more than poor people so it takes care of itself. Also captures the illegal immigrant dollars spent and the foreign tourist dollar. Ding ding, it also taxes the trillion dollar black market of drugs, prostitution and under the table wages. |
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Posted: 2/25/2016 11:06:27 AM EDT
[#5]
Quote HistoryQuoted:
My wife and I paid in right at $24000 and got $1800 back. I paid 18k and I'm getting back 1k. |
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Posted: 2/25/2016 11:07:27 AM EDT
[#6]
Quote HistoryQuoted:
Anyone that gets back more than they paid is FSA. Quote HistoryQuoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Anyone that gets back more than they paid is FSA. If you're willing to include people on Medicare and Social Security (assuming they live long enough and most will), I agree. |
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Posted: 2/25/2016 11:09:35 AM EDT
[#7]
Quoted:
We all know this, right?!? Here is the data using 2015 numbers. FULL STORY The top 1 percent of Americans, who have an average income of more than $2.1 million, pay 43.6 percent of all the federal individual income tax in the US; the top 0.1 percent — just 115,000 households, whose average income is more than $9.4 million — pay more than 20 percent of it. the top 1% of wage earners have an AGI of at least $440,000 (follow link to see where you stack up) 
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Posted: 2/25/2016 11:11:52 AM EDT
[#8]
It is fucked up and it will stay fucked up regardless of the promises made by all the lying politicians and political candidates. Hasn't anyone learned that it is their job to fuck us over? If I had a dollar for every hollow promise made by those jerk wads, I could pay millions more in taxes.
   
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Posted: 2/25/2016 11:14:05 AM EDT
[#9]
Quote HistoryQuoted:
Anyone that gets back more than they paid is FSA. Quote HistoryQuoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Anyone that gets back more than they paid is FSA. If I use tax breaks and loopholes to drop my taxes to $1, I'm a hero. If I do the same to drop my taxes to $-1, I'm an FSA thief. lol, Arflogic |
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Posted: 2/25/2016 11:14:16 AM EDT
[#10]
Quoted:
We all know this, right?!? Here is the data using 2015 numbers. FULL STORY The top 1 percent of Americans, who have an average income of more than $2.1 million, pay 43.6 percent of all the federal individual income tax in the US; the top 0.1 percent — just 115,000 households, whose average income is more than $9.4 million — pay more than 20 percent of it. the top 1% of wage earners have an AGI of at least $440,000 (follow link to see where you stack up) the bottom 45% pay no federal income taxes... Incomes taxes are just one form of federal taxation. and those 115,000 households make up top wage earners... Not the top of income earners. the upper middle class pays the majority of income taxes. Not the rich. I dont understand how people dont understand that. |
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Posted: 2/25/2016 11:14:53 AM EDT
[#11]
Quote HistoryQuoted: I get that.....you get that......but most folks do not get that. Sales tax sucks.......but it is not comparable to seeing $XXX taken from you paycheck from money you have earned. Quote HistoryQuoted: Quoted: Quoted: And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. I get that.....you get that......but most folks do not get that. Sales tax sucks.......but it is not comparable to seeing $XXX taken from you paycheck from money you have earned. The real problems in America have little to do with the tax code and more (IMO) to do with the spending/size of government and a multi-decade long shift in demographics coupled with reductions in opportunity for people to rise out of poverty. |
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Posted: 2/25/2016 11:15:28 AM EDT
[#12]
Quote HistoryQuoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Under Obama even illegal immigrants get that tax credit; Illegal Immigrants Eligible for Earned Income Tax Credit, Other Benefits The IRS and all subsequent Federal taxes need to be abolished and a flat tax put in its place, no credits, no returns, no nothing. |
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Posted: 2/25/2016 11:16:31 AM EDT
[#13]
Quote HistoryQuoted:
Wife and I are in the top 10%  We are also. After I found out where we were, I sent an email to my wife telling her that we were rich.. |
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Posted: 2/25/2016 11:19:11 AM EDT
[#14]
Quote HistoryQuoted: I think you will find that the rich pay far less than you have stated, How you ask? They pass the taxes on to people who use there goods and services. Yeah, you might have guessed it by know, the poor and middle class pay the taxes for them. Yeah there to stupid to know it. Why do you think Warren Buffet has no problem with government increasing taxes on the rich, he knows he will just pass them along. Quote HistoryQuoted: Quoted: We all know this, right?!? Here is the data using 2015 numbers. FULL STORY The top 1 percent of Americans, who have an average income of more than $2.1 million, pay 43.6 percent of all the federal individual income tax in the US; the top 0.1 percent — just 115,000 households, whose average income is more than $9.4 million — pay more than 20 percent of it. the top 1% of wage earners have an AGI of at least $440,000 (follow link to see where you stack up) |
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Posted: 2/25/2016 11:19:40 AM EDT
[#15]
This is one issue where I'd like to see some freaking consistency among "small government" Republicans. A large percentage of those "45%" that pay no FEDERAL income taxes are still paying taxes because, as a whole, our entire country is OVERTAXED because our government is TOO BIG.
List of SOME taxes: federal income taxes state income taxes Employee paid social security taxes Employee paid medicare taxes Employer paid social security taxes Employer paid medicare taxes state sales taxes local sales taxes real estate taxes personal property taxes gas taxes utility taxes etc, etc. Shrink the government and EVERYONE pays less in TOTAL taxes, but Republicans aren't willing to do it. There was a slew of people here bitching and griping about the 2 week government shut-down a couple years ago and how they were upset they didn't get to visit their favorite museum, all the while the national debt is spiraling out of control at over $18 trillion. The government at the federal, state, and local level has become the largest provider of services and the largest provider of jobs in our nation. Make that not so anymore, and this argument about who pays what amount in taxes will become unimportant. |
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Posted: 2/25/2016 11:20:13 AM EDT
[#16]
Quote HistoryQuoted:
What percentage of the GDP is produced by the 1%? 155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 |
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Posted: 2/25/2016 11:20:39 AM EDT
[#17]
Quote HistoryQuoted:
It is fucked up and it will stay fucked up regardless of the promises made by all the lying politicians and political candidates. Hasn't anyone learned that it is their job to fuck us over? If I had a dollar for every hollow promise made by those jerk wads, I could pay millions more in taxes. |
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Posted: 2/25/2016 11:21:36 AM EDT
[#18]
Quote HistoryQuoted:
Take your liberal talking points and look up actual facts... The poor in the country will continue to remain poor because there is no incentive to better yourself when you get a free ride. Quote HistoryQuoted:
Quoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Take your liberal talking points and look up actual facts... The poor in the country will continue to remain poor because there is no incentive to better yourself when you get a free ride. Reading comprehension must not be your strong point. Arguing for smaller government and a smaller overall tax burden = liberal talking points? Fucking GD. |
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Posted: 2/25/2016 11:22:23 AM EDT
[#19]
Quote HistoryQuoted: We are also. After I found out where we were, I sent an email to my wife telling her that we were rich.. Quote HistoryQuoted: Quoted: Wife and I are in the top 10% We are also. After I found out where we were, I sent an email to my wife telling her that we were rich..  |
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Posted: 2/25/2016 11:23:07 AM EDT
[#20]
Quote HistoryQuoted:
155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 Quote HistoryQuoted:
Quoted:
What percentage of the GDP is produced by the 1%? 155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 ~18 trillion Edit: So, ~0.0000008% |
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Posted: 2/25/2016 11:23:28 AM EDT
[#21]
Liberals still think that is not enough. They are evil and rich, therefore they need to pay more...you know the whole "fair share" argument.
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Posted: 2/25/2016 11:24:14 AM EDT
[#22]
Quote HistoryQuoted:
Here's a novel idea, forget tax break for the top 1% of earners, how about get rid of that ridiculous earned income credit and make those who don't pay pay a little something. Quote HistoryQuoted:
Quoted:
Errrr, this is a pretty well known fact. It's also the result of the early 20th century populism that gave us unapportioned income tax and direct election of senators. But, it's just a fact of life, because you aren't going to get 45% of the population to agree to start paying taxes to give the top 1% and top 0.1% a break. Quite frankly, the only way to make the tax code less progressive would be to somehow strip the franchise from the bottom half of wage earners. Here's a novel idea, forget tax break for the top 1% of earners, how about get rid of that ridiculous earned income credit and make those who don't pay pay a little something. I would be fine with no tax break for the top 1% as long as we can get it so that you can NEVER get more back in a "refund" than you actually paid in. That's the part that kills me. You see people bragging about getting thousands of dollars "back" when they do their taxes when they only worked part time for part of the year. |
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Posted: 2/25/2016 11:24:37 AM EDT
[#23]
Quote HistoryQuoted:
Remember when being a millionaire and/or having a six-figure income meant that you actually were somewhat rich? Quote HistoryQuoted:
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Wife and I are in the top 10% We are also. After I found out where we were, I sent an email to my wife telling her that we were rich.. Remember when the average wage was only 20k? |
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Posted: 2/25/2016 11:25:18 AM EDT
[#24]
Quote HistoryQuoted:
That isn't wholly true. From an economics 101 standpoint the percent of business/corporate taxes that are paid by the business/business owner versus the consumer is heavily dependent on the service/product's elasticity of demand. But, your right in the capacity that no matter what a percent of a business/business owner's taxes are going to be paid by consumers. Quote HistoryQuoted:
Quoted:
Quoted:
We all know this, right?!? Here is the data using 2015 numbers. FULL STORY The top 1 percent of Americans, who have an average income of more than $2.1 million, pay 43.6 percent of all the federal individual income tax in the US; the top 0.1 percent — just 115,000 households, whose average income is more than $9.4 million — pay more than 20 percent of it. the top 1% of wage earners have an AGI of at least $440,000 (follow link to see where you stack up)
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Posted: 2/25/2016 11:28:39 AM EDT
[#25]
Bet nearly 100% of those 45% are also on gov assistance and 3/4 vote democrat
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Posted: 2/25/2016 11:30:18 AM EDT
[#26]
Quote HistoryQuoted: Also, those numbers are a bit sensationalist. I see A LOT of small business owners that regularly pay $0 federal in federal taxes because they structure it that way. Minimal wages from their corp, minimal pass through, always depreciation/section 179/NOL carryover to offset, etc. |
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Posted: 2/25/2016 11:39:06 AM EDT
[#27]
If we can't get a flat tax implemented than a consumption tax would get everybody into the game.
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Posted: 2/25/2016 11:42:45 AM EDT
[#28]
Quote HistoryQuoted:
If we can't get a flat tax implemented than a consumption tax would get everybody into the game. Consumption tax also causes so serious budget problems when the economy slows down for a bit. Not to mention being a regressive tax. |
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Posted: 2/25/2016 11:51:34 AM EDT
[#29]
I wonder if people will ever figure out that there are more Federal taxes than just the income tax.
One would think that any one who works would know that, but when most of the population can't distinguish a tax return from a tax refund, that's probably expecting far too much. Everyone in America pays Federal taxes. Most pay directly. Everyone pays indirectly. |
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Posted: 2/25/2016 11:54:33 AM EDT
[#30]
Quote HistoryQuoted:
They do. They pay sales taxes, gasoline taxes, the taxes on their electric bill, property taxes, social security taxes, medicare taxes, state income taxes, etc. I don't like our tax system, but at the same time I understand that half of our nation is poor (relative to western standards) and higher taxes disproportionately impact them compared to those in the top 10%. If a top 10% income earner pays more taxes he/she may have to cut back from a trip to Hawaii to a trip to Vegas. But if taxes rise on someone in the bottom 50% percentile of income that might mean the difference between eating the last day or two of the month versus not. This is really a pointless debate because the real problem in America isn't who and how much taxes are paid, it's the size and spending of government at all levels. Quote HistoryQuoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China.
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Posted: 2/25/2016 11:55:27 AM EDT
[#31]
Keep in mind that even though they also pay medicare, social security, state and sales tax.. most will get enough money back to cover it.
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Posted: 2/25/2016 11:56:32 AM EDT
[#32]
Quote HistoryQuoted: So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. Quote HistoryQuoted: Quoted: Quoted: And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. You get deductions for most of that stuff, and then the fat check every year covers the rest. |
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Posted: 2/25/2016 11:57:01 AM EDT
[#33]
SJW claim SS and Medicare are federal taxes. Probably fed gas tax too. They are but ....not income taxes.
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Posted: 2/25/2016 11:58:12 AM EDT
[#34]
Quote HistoryQuoted:
Keep in mind that even though they also pay medicare, social security, state and sales tax.. most will get enough money back to cover it. Some...not most |
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Posted: 2/25/2016 11:59:01 AM EDT
[#35]
Quote HistoryQuoted: Some...not most Quote HistoryQuoted: Quoted: Keep in mind that even though they also pay medicare, social security, state and sales tax.. most will get enough money back to cover it. Some...not most Most of the 45%. |
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Posted: 2/25/2016 12:00:43 PM EDT
[#36]
I never understood the Tax system.
My retirement check is $2900 a month and I pay $79 in fed tax My check before retirement was $6800($1500 of it non taxable, BAH etc) a month and I would pay $289 in fed taxes Every year I would get back $3-4k, this year I get $2200 back(still have 2 kids at home, 4 total) I think a flat tax would be the best way to fix this. |
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Posted: 2/25/2016 12:01:40 PM EDT
[#37]
Quote HistoryQuoted:
Everybody is looking for an angle. Everybody is on the take. That is the new America. Quote HistoryQuoted:
Quoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Anyone that gets back more than they paid is FSA. Everybody is looking for an angle. Everybody is on the take. That is the new America. Ask not what my country can do for ME, but what I can do for my Country. |
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Posted: 2/25/2016 12:01:43 PM EDT
[#38]
Quote HistoryQuoted:
So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. Quote HistoryQuoted:
Quoted:
Quoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. Thread Title: 45% don't pay FEDERAL income tax Why are so many arguing that point, its a fact, regardless of all the other fucking taxes that are handed down on the citizens. In other words 55% are paying all of those other taxes AND Federal income taxes. |
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Posted: 2/25/2016 12:03:38 PM EDT
[#39]
Quote HistoryQuoted:
And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. Rubio wants to triple this "credit!!" |
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Posted: 2/25/2016 12:03:50 PM EDT
[#40]
Quote HistoryQuoted:
SJW claim SS and Medicare are federal taxes. Probably fed gas tax too. They are but ....not income taxes. Let's see, SS and Medicare taxes are computed on wages. Wages are income, but SS and Medicare taxes are not income taxes ... You are allowing yourself to be confused by the label the government applied to the tax. Those taxes are income taxes (and you pay them at a rate twice as high as you have been led to believe). |
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Posted: 2/25/2016 12:05:45 PM EDT
[#41]
Quote HistoryQuoted:
~18 trillion Edit: So, ~0.0000008% Quote HistoryQuoted:
Quoted:
Quoted:
What percentage of the GDP is produced by the 1%? 155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 ~18 trillion Edit: So, ~0.0000008% Yet the local state and federal governments collect a collective 6.6+ trillion dollars per annum... How is this possibru snips? 
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Posted: 2/25/2016 12:08:16 PM EDT
[#42]
I paid a measly 4.1% of my gross income in federal income tax last year.
I guess the super rich guys are picking up the slack. 
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Posted: 2/25/2016 12:09:57 PM EDT
[#43]
Quote HistoryQuoted: I paid a measly 4.1% of my gross income in federal income tax last year. I guess the super rich guys are picking up the slack. I pay on average about 10% after deductions. |
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Posted: 2/25/2016 12:12:58 PM EDT
[#44]
Quote HistoryQuoted: So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. Quote HistoryQuoted: Quoted: Quoted: And every fucking one of them, believe they do pay taxes. Fuck, most of them get back more than they paid in, see the Child income tax credit. So true. I ultimately don't pay federal income taxes, but I pay a buttload of other taxes as you described. Raising any sort of federal income tax on myself will not help me or society. There really aren't a lot of ladders for people to climb these days. We sort of handed that all over to China. |
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Posted: 2/25/2016 12:15:41 PM EDT
[#45]
Quote HistoryQuoted: SJW claim SS and Medicare are federal taxes. Probably fed gas tax too. They are but ....not income taxes. |
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Posted: 2/25/2016 12:21:13 PM EDT
[#46]
I'm in favor of abolishing income tax and replacing it with a sales tax.
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Posted: 2/25/2016 12:27:22 PM EDT
[#47]
Quote HistoryQuoted:
Proof that an Arfcomer wrote the article: <snip> "On average, those in the bottom 40 percent of the income spectrum end up getting money from the government. Meanwhile, the richest 20 percent of Americans, by far, pay the most in income taxes, forking over nearly 87 percent of all the income tax collected by Uncle Sam."</snip> That's almost sigline worthy - part of the "87% club"....... |
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Posted: 2/25/2016 12:27:56 PM EDT
[#48]
Quote HistoryQuoted: Yet the local state and federal governments collect a collective 6.6+ trillion dollars per annum... How is this possibru snips? Quote HistoryQuoted: Quoted: Quoted: Quoted: What percentage of the GDP is produced by the 1%? 155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 ~18 trillion Edit: So, ~0.0000008% Yet the local state and federal governments collect a collective 6.6+ trillion dollars per annum... How is this possibru snips? |
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Posted: 2/25/2016 12:31:36 PM EDT
[#49]
Quote HistoryQuoted:
Top 25% here, ballin' baby. Also, those numbers are a bit sensationalist. I see A LOT of small business owners that regularly pay $0 federal in federal taxes because they structure it that way. Minimal wages from their corp, minimal pass through, always depreciation/section 179/NOL carryover to offset, etc. Often times they're paying property taxes, payroll taxes, etc. That will eventually catch up with small business owners, and isn't as easy as you made it sound. You can't have draws or benefits that exceed wages, and you eventually have to claim and pay taxes on your profits. Deductions, equipment purchases and carryover of losses just postpone the inevitable in my experience. Don't get me wrong - there are some very interesting (and legal) ways to minimize tax exposure, but they're a little different (and lot more complicated) than what you captured here. |
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Posted: 2/25/2016 12:32:58 PM EDT
[#50]
Quote HistoryQuoted:
Taxes (most, not sure if all) and other government revenue (tarrifs, etc.) are included in GPD calculations. Quote HistoryQuoted:
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What percentage of the GDP is produced by the 1%? 155 homes average a taxible income of 9,500,000 so that total is approximately 1,472,500,000 ($1.472 B) I dont know what the GDP was for 2014 ~18 trillion Edit: So, ~0.0000008% Yet the local state and federal governments collect a collective 6.6+ trillion dollars per annum... How is this possibru snips? Probably more then once.
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