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Old 03-08-2010, 12:46 PM
 
Location: Flippin AR
5,513 posts, read 5,241,036 times
Reputation: 6243

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Quote:
Originally Posted by goodgal View Post
Just my two cents...Alot of poor people do not pay their taxes and fly under the radar. The IRS goes for bigger fish in the sea of tax payers. This has always been the case. The more you make , the more taxes you probably pay so the more likely you are to be audited.
I remember seeing a study that people who paid low or no taxes got audited at a higher rate than taxpayers falling in the "middle," while high income taxpayers got audited most of all. I searched the web and found this link supporting what I remember: Audit, IRS and Tax

However, audit rates are still very low. From the link, if you made less than $25,000 a year, your chances of being audited were .81% (less than 1%). $25-50,000, chances are .58%. $50-100,000, chances are .62%. Over $100,000, chances are 1.66%. From other websites, it's not income, but whether you are forking over about the same as other people to the IRS for your income level. And for the lowest earners, they are particularly looking at those who use the Earned Income Credit, where you can actually get back more than you paid to the IRS. Just thought this was interesting.
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Old 03-08-2010, 01:04 PM
 
Location: Flippin AR
5,513 posts, read 5,241,036 times
Reputation: 6243
Default Small Business Owners and Reasons to Work

Quote:
Originally Posted by saganista View Post
Over time, it would, and pay off debt held by the public as well. I'll do that by going after everyone with a taxable income of $200K or higher. In 2007, they had total taxable income of $2,445 billion and paid taxes on that of $610 billion (IRS SOI Table 1.1). Now, I don't want them to starve or anything, so I'll leave them all their deductions and exemptions -- no doubt much more than what right-wingers expect welfare families to live on -- and just take the rest of their taxable income. That's a total of $1,835 billion, easily enough to cover this year's deficit with a tidy sum left over. And I get that same amount next year and the year after that as well. In five years, I'll have enough to pay off the entire ten-year projected deficit, and in four more years, enough to wipe out debt held by the public. And with the generous allowance I've left them and the piles of money they'd already set aside for Biff and Babs' inheritance, the rich folks should have plenty enough to get them through a crummy nine years in fine style. And after that, they get all their money back. That will be something worth waiting for, eh?
The problem with this is that those are the people, generally small business owners and doctors, who actually do things to help the economy--like EMPLOY workers. So they'll be shutting down their businesses and doctor's offices, laying off all their employees, and sending money to the government. But since they won't be running their businesses and doctor's offices anymore, there won't be all that income to send to the government. And the doctor shortage will be even worse than it is now. You won't be able to find a reputable business, because only the Scam Artists will be left (take your deposit and run). The recession will descend into a Depression that makes the 1930's look prosperous. And it won't recover until a new tax policy that favors small business development works into the economy again. The people you're targeting already know our President is gunning for the part of their incomes they still can keep, and they are making plans to retire, reduce their work hours, and/or close their offices. No way will intelligent people continue to not live their lives while they work 80 hours a week, just to send the money to the ivory tower politicians in Washington (99% of whom have never worked a day in a real job in their lives).
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Old 03-08-2010, 01:08 PM
 
4,563 posts, read 4,101,921 times
Reputation: 2285
Quote:
Originally Posted by stan4 View Post
Yes, but those docs are going to fall into the 'rich' category they're trying to say starts at $250k.
True, some docs, particularly surgeons and specialists can make a fair amount, but thats still nothing compared to the millions that wall street execs are bringing home, and the doctors tend to have a bit higher responsibility and are more likely to work odd shifts.

How about paramedics and EMTs? Most of the ones I know work a nice hearty 72 hours a week and try to do other things because the pay is so low.

I also know blue collar workers out there that work 2 jobs because the pay on the first is so low, most of these guys are working the equivalent of 6-7 12 hour shifts a week minimum.

The point is, to say anyone who isn't making a ton of money, isn't working hard, is ridiculous and anyone who thinks so needs to wake up and see how things are in the real world.
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Old 03-08-2010, 01:11 PM
 
2,119 posts, read 4,168,314 times
Reputation: 1873
[quote=NHartphotog;13208093]The problem with this is that those are the people, generally small business owners and doctors, who actually do things to help the economy--like EMPLOY workers. So they'll be shutting down their businesses and doctor's offices, laying off all their employees, and sending money to the government. But since they won't be running their businesses and doctor's offices anymore, there won't be all that income to send to the government. And the doctor shortage will be even worse than it is now. You won't be able to find a reputable business, because only the Scam Artists will be left (take your deposit and run). The recession will descend into a Depression that makes the 1930's look prosperous. And it won't recover until a new tax policy that favors small business development works into the economy again. The people you're targeting already know our President is gunning for the part of their incomes they still can keep, and they are making plans to retire, reduce their work hours, and/or close their offices. No way will intelligent people continue to not live their lives while they work 80 hours a week, just to send the money to the ivory tower politicians in Washington (99% of whom have never worked a day in a real job in their lives).[/quote]


Absolutely. Some just don't get it do they?
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Old 03-08-2010, 01:32 PM
 
30,065 posts, read 18,665,937 times
Reputation: 20883
Quote:
Originally Posted by InformedConsent View Post
Patently false. According to Forbes, 274 (68.5%), the vast majority, are self-made members of the wealthiest 400.
Secrets Of The Self-Made 2009 - Forbes.com

Who's feeding you your 'talking points,' and why are you swallowing them hook, line, and sinker without confirming the veracity of the rhetoric yourself?

This is confirmation of the hard held belief by most libs that the wealthy either stole, inherited, or cheated to achieve thier wealth. It helps them rationalize the fact that they are losers in the game of capitalism, as it suggest that an HONEST person with no rich parents could NEVER become rich themselves.
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Old 03-10-2010, 04:14 PM
 
1,356 posts, read 1,278,403 times
Reputation: 877
Quote:
Originally Posted by hawkeye2009 View Post
This is confirmation of the hard held belief by most libs that the wealthy either stole, inherited, or cheated to achieve thier wealth. It helps them rationalize the fact that they are losers in the game of capitalism, as it suggest that an HONEST person with no rich parents could NEVER become rich themselves.
Who are these liberal screw-ups people refer to in these posts. First I thought that they were all atheist, now they are all poor also!
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