If you are looking for fairness in politics and taxes, identifying yourself with the OWS is not the way to convince people of your intent. You need to identify yourself with a different group.The Mad Moderate wrote:Tax Credits, namely the EITC (earned income tax credit) do make a difference but they are significantly impacted by income levels and especially age, the EITC not being available till age 25 or if you have dependents. There is only one deduction I can take which does not make a huge impact on the amount of taxes I pay, and as far as FICA and SS taxes I never will see a cent of that money returned based on what I see now. So to call me a dirtbag, paracite, commie because I think the OWS protesters have some good points then so be it but don't say I don't pay taxes or my fair share, do not tell me I am looking for a handout, I am looking for fairness in politics and the tax code as I said before the fact Warren Buffett pay 18% on most of his income is wrong. The top 1% have far too much influence than ANY of us do.anygunanywhere wrote:I have an accountant that specializes in tax law do our taxes. What I know about the tax code will not fill much of a sentence.Ameer wrote:I will have less income than that this year but I have to pay 14% of everything I earn to the FICA Fairy (more like an evil troll) plus $850 on my first $18000 of income, plus 15% on everything over $18000 if I earn that much.anygunanywhere wrote:If someone making less than $36,000.00 a year pays any taxes they are doing something wrong.
Help a brother out. What am I doing wrong?
Based on what I understand about the tax credits etc the lower income folks should be doing quite well percentage wise. 14% ain't bad. Neither is 15%.
Anygunanywhere
Anygunanywhere