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Posted: 12/11/2013 6:47:49 PM EDT
[#1]
In before someone says "that's racist".
It is negative I suspect due EIC that people receive. They get back for more than ever contributed. |
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Posted: 12/11/2013 6:50:00 PM EDT
[#2]
unpossible
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Posted: 12/11/2013 6:50:56 PM EDT
[#3]
Huh, I don't fit either category, yet I pay and pay and pay...
I must be doing something wrong. |
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Posted: 12/11/2013 6:51:22 PM EDT
[#4]
Well, if that's the case, they aren't paying mine. 
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Posted: 12/11/2013 6:51:27 PM EDT
[#5]
Dupe
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Posted: 12/11/2013 6:53:23 PM EDT
[#6]
Yet the left still wants to redistribute $$ from those who work hard and succeed and make $$
And they want them to pay even more taxes. |
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Posted: 12/11/2013 6:57:24 PM EDT
[#7]
Quote HistoryQuoted:
Huh, I don't fit either category, yet I pay and pay and pay... I must be doing something wrong. Yeah, something seems a bit off, I am definitely paying taxes and I'm nowhere near the top 40%. |
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Posted: 12/11/2013 7:01:11 PM EDT
[#8]
Quoted:
CNBC "Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent. You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero. It's right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures. (Read more: New budget deal will pass, says GOP congressman) How does someone pay negative taxes? The CBO's formula offsets whatever taxes are paid with "refundable tax credits." Some of these are due to "government transfers" of money back to the taxpayer in the form of social security and food stamps. ..." The top 40 percent of wage earners is not the same as the top 40 percent of income. Wages do not mean income. The high income non wage earners don't figure into this calculation of outrage. The low income non-tax-paying earners do. It's a messed up system. |
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Posted: 12/11/2013 7:02:10 PM EDT
[#9]
Quote HistoryQuoted: Yeah, something seems a bit off, I am definitely paying taxes and I'm nowhere near the top 40%. Quote HistoryQuoted: Quoted: Huh, I don't fit either category, yet I pay and pay and pay... I must be doing something wrong. Yeah, something seems a bit off, I am definitely paying taxes and I'm nowhere near the top 40%. What is the cutoff for the top 40%? 50k? 100k?
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Posted: 12/11/2013 7:03:14 PM EDT
[#10]
I don't like the federal tax credits at all, but the poor pay plenty of taxes too. Sales tax, gasoline tax, sin taxes. SS and State taxes.
Too many damned taxes for everybody. The problem is too much government spending. |
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Posted: 12/11/2013 7:03:27 PM EDT
[#11]
FYI the line for the top 40% was $51,100.
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Posted: 12/11/2013 7:04:49 PM EDT
[#12]
Quote HistoryQuoted:
The top 40 percent of wage earners is not the same as the top 40 percent of income. Wages do not mean income. The high income non wage earners don't figure into this calculation of outrage. The low income non-tax-paying earners do. It's a messed up system. Quote HistoryQuoted:
Quoted:
CNBC "Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent. You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero. It's right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures. (Read more: New budget deal will pass, says GOP congressman) How does someone pay negative taxes? The CBO's formula offsets whatever taxes are paid with "refundable tax credits." Some of these are due to "government transfers" of money back to the taxpayer in the form of social security and food stamps. ..." The top 40 percent of wage earners is not the same as the top 40 percent of income. Wages do not mean income. The high income non wage earners don't figure into this calculation of outrage. The low income non-tax-paying earners do. It's a messed up system. That is a really important distinction. Most people don't give it a lot of thought. |
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Posted: 12/11/2013 7:05:53 PM EDT
[#13]
Quite sure that if they considered the people receiving welfare and freebies it would be a lot more than 9%.
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Posted: 12/11/2013 7:08:25 PM EDT
[#14]
Quote HistoryQuoted:
What is the cutoff for the top 40%? 50k? 100k? Quote HistoryQuoted:
Quoted:
Quoted:
Huh, I don't fit either category, yet I pay and pay and pay... I must be doing something wrong. Yeah, something seems a bit off, I am definitely paying taxes and I'm nowhere near the top 40%. What is the cutoff for the top 40%? 50k? 100k? Details here. |
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Posted: 12/11/2013 7:15:19 PM EDT
[#15]
Damn according to them I am way up in income chart
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Posted: 12/11/2013 7:18:22 PM EDT
[#16]
106%? God damn it.
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Posted: 12/11/2013 7:24:35 PM EDT
[#17]
Damn, I'm apparently rich...who knew?
...well, back to paying MY bills... 
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Posted: 12/11/2013 7:35:26 PM EDT
[#18]
Some of the comments... Jesus Christ.
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Posted: 12/11/2013 7:42:53 PM EDT
[#19]
Quote HistoryQuoted:
That is a really important distinction. Most people don't give it a lot of thought. Quote HistoryQuoted:
Quoted:
Quoted:
CNBC "Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent. You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero. It's right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures. (Read more: New budget deal will pass, says GOP congressman) How does someone pay negative taxes? The CBO's formula offsets whatever taxes are paid with "refundable tax credits." Some of these are due to "government transfers" of money back to the taxpayer in the form of social security and food stamps. ..." The top 40 percent of wage earners is not the same as the top 40 percent of income. Wages do not mean income. The high income non wage earners don't figure into this calculation of outrage. The low income non-tax-paying earners do. It's a messed up system. That is a really important distinction. Most people don't give it a lot of thought. The income tax only pays for about one third of federal spending. Refundable credits need to go away, but any argument based on just the income tax is pointless. I've had a couple years where my total federal tax burden was into six figures where I paid zero income tax. |
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Posted: 12/11/2013 7:59:43 PM EDT
[#20]
I'll remember that next time Goldman Sachs gives the USA an epic doomsday ass-fucking and then greases enough politicians to glide to a safe landing on the public's dime.
Robber barons are people too, gosh darn it! |
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