TexasCHLforum.com

texasag93 wrote:

The Mad Moderate wrote:

anygunanywhere wrote:

Ameer wrote:

anygunanywhere wrote:If someone making less than $36,000.00 a year pays any taxes they are doing something wrong.

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.

Help a brother out. What am I doing wrong?

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.

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

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.

Let's get something straight, Warren Buffett paid 18% on most of his income AFTER the IRS was paid 35% corporate income tax on those SAME earnings. So, the 35% plus the 15% (plus or minus some marginal amount) long term capital gains tax equal 50%. The Federal Government gets 50% of a corporation's profits.

If that is not enough, I will eat my hat.

So because it's his company (publicly traded btw) he should be absolved of taxes because they were already payed? Sorry that logic wouldn't hold water with a first grader.

anygunanywhere wrote:

Ameer wrote:

anygunanywhere wrote:If someone making less than $36,000.00 a year pays any taxes they are doing something wrong.

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.

Help a brother out. What am I doing wrong?

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.

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

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:

The Mad Moderate wrote:You seem to need a math lesson, I said overall higher rate, it I make 24k in a year and spend most of it I'm taxed 8% on what I spend, now if someone was to make 124k and spend 50k yes all 50K is taxed at 8% but what about the other 74k that goes untaxed, so overall I pay a higher rate than someone making more money than me. Do not insult my intelligence.

Your basic premise seems to be that you are jealous of someone who earns more than you.

You must dislike a lot of people.

Get over it.

If someone making less than $36,000.00 a year pays any taxes they are doing something wrong.

Almost half of people living in this country pay no taxes. These individuals are not the rich elite.

Anygunanywhere

That is not true. And to your other points no I do not care if someone makes a dollar a year or a hundred million I praise success and am working for it myself. The problem is the system seems to be rigged to make it tougher for people who earn less to make it and to move up in life. You can leave the personal attacks at home.

Please, please when you do your taxes next time ask your friends for recommendations and go to a good accountant. If you are making 24K a year you should not be getting taxed hardly at all. If my DH and I are going to pay a higher rate so that those who earn less pay less, please at least only pay what you are required to and not one cent more.

I have done my taxes every year since I was 16.Only once have I received a full refund. I am more than capable of doing math and figuring out how to do my taxes properly please do not insult my intelligence.

C-dub wrote:What I fail to understand is why the OWS bunch and most if not all liberals scream that the rich (1%) should pay their fair share when many of the 99% don't pay ANY share.

I knew that would come up and it is an untrue rumor pushed by the RWM every year, yes 51% of income earners do not pay any income tax but they pay takes in other places. So no it is no "no share".

tbrown wrote:

The Mad Moderate wrote:

tbrown wrote:I want a sales tax that equally taxes every dollar someone chooses to spend.

Equality and choice. Why are they anathema to the left wing?

What do you not understand about the fact that a sales tax end up taxing a larger percent of lower income earners wages than it does the rich so you're ok with a tax increase on the poor but not the rich.

I know math and English are hard for some people but 8% of $175 is the same no matter who pays it.

Math doesn't discriminate.
It's the same for Rich or Poor.
It's the same for Black or White.
It's the same for Male or Female.
It's the same for Young or Old.
It's the same for Christian or Muslim.

Why do the socialists hate equal treatment in the law for everyone?





If you were wondering, it's $14.

You seem to need a math lesson, I said overall higher rate, it I make 24k in a year and spend most of it I'm taxed 8% on what I spend, now if someone was to make 124k and spend 50k yes all 50K is taxed at 8% but what about the other 74k that goes untaxed, so overall I pay a higher rate than someone making more money than me. Do not insult my intelligence.

Thomas wrote:

The Mad Moderate wrote:

tbrown wrote:I want a sales tax that equally taxes every dollar someone chooses to spend.

Equality and choice. Why are they anathema to the left wing?

What do you not understand about the fact that a sales tax end up taxing a larger percent of lower income earners wages than it does the rich so you're ok with a tax increase on the poor but not the rich.

I think he understands perfectly when he said "every dollar someone chooses to spend." So should a person who has more money, but chooses not to spend it, be penalized?

If the government attempts to help someone out just because they are poor, then equally, the government is penalizing someone else because they are rich. That is what happens if they aren't taxed equally. So people should not be treated equally just because they have more of something or less of something than someone else?

EDIT: removed personalization from reasoning.

So my "choice" to spend what little money I have on essentials should be punished at a higher overall rate than a rich person who has money to burn.

tbrown wrote:I want a sales tax that equally taxes every dollar someone chooses to spend.

Equality and choice. Why are they anathema to the left wing?

What do you not understand about the fact that a sales tax end up taxing a larger percent of lower income earners wages than it does the rich so you're ok with a tax increase on the poor but not the rich.

tbrown wrote:

canvasbck wrote:OH, and I don't want a flat tax. I want a national sales tax. It is the only tax system that forces illegal aliens, drug dealers, strippers, prostitutes, and other illegal cash only businesses to pay their share of the tax load.

It's easier to implement and collect. Plus everyone pays their fair share.

Because it's easy, the IRS employee union might hate it when they have to find productive jobs. Because it's fair, special interest group lobbyists and socialists hate it.

So you want a regressive tax that again hurts lower income earners way more than it does the rest.

How can y'all support the "grass roots" tea party (funded by corporate interests) that used people as pawns to get more favorable legislation for big business and not support these people who are not marxist nor communist, love their country, and are tired of getting the short end of the stick from Washington and Wall Street.If I'm a Communist because I think the top 1% and major corporations have far more influence in government than the rest of us, then there is a problem with this country I'm not calling for wealth redistribution, I'm asking for fairness, Warren Buffett paying a lower tax rate than me is sicking. And before someone says it a flat tax is not a "fair tax" it would be a major tax increase for a majority of Americans. Why many on the right continue to vote for people who in every way possible work against the interests of the majority and continue to support the rich and big business baffles me.

I cannot believe what I am reading here, you people of all people should be sticking up for these people who are patriots and love their counter as much as we do. They are fighting for people not corporations like the Tea Baggers are, how have the GOP convinced you people to work agents your own interests. The Citizen United ruling was the final nail in the coffin of our democracy, the corporations are the problem here they have been for a while. Its insane to me that there are people who do not see the wool being pulled over our eyes by the corps and the media. The insults here are the same that were lobbed at the TP before the only difference is in this case they are far more inaccurate.

So let me get this straight TAM the Tea Party protesting bailouts and reckless spending is patriotic and these people protesting banks and the benefits the top 1% get are parasites and commies?