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OK, I'm trying not to sound mean or cynical, but I'm really confused here...
TC, if for some reason the Bush/Obama tax cuts do expire for those people who have an AGI of $250K or more a year, do you realize that you'll pay no more in taxes than if those tax cuts hadn't expired?
Do you also realize that the extra tax paid would be $36 more on each $1000 of AGI above $250K?
Is it just the principle of the thing or do you really think that your quality of life will be severely diminished by an extra $36 being taken from your pay?
Because I'm seeing a lot of passion from you on this subject, but I'm not seeing the reason for it.
OK, I'm trying not to sound mean or cynical, but I'm really confused here...
TC, if for some reason the Bush/Obama tax cuts do expire for those people who have an AGI of $250K or more a year, do you realize that you'll pay no more in taxes than if those tax cuts hadn't expired?
Do you also realize that the extra tax paid would be $36 more on each $1000 of AGI above $250K?
Is it just the principle of the thing or do you really think that your quality of life will be severely diminished by an extra $36 being taken from your pay?
Because I'm seeing a lot of passion from you on this subject, but I'm not seeing the reason for it.
You can say the same thing across all income classes... are u suggesting that Obama should raise everyone's taxes so the government can spend more money? I hear the other classes saying they can't afford to pay any more...
OK, I'm trying not to sound mean or cynical, but I'm really confused here...
TC, if for some reason the Bush/Obama tax cuts do expire for those people who have an AGI of $250K or more a year, do you realize that you'll pay no more in taxes than if those tax cuts hadn't expired?
Do you also realize that the extra tax paid would be $36 more on each $1000 of AGI above $250K?
Is it just the principle of the thing or do you really think that your quality of life will be severely diminished by an extra $36 being taken from your pay?
Because I'm seeing a lot of passion from you on this subject, but I'm not seeing the reason for it.
1. We have a spending problem, not an income problem. My family balances it's checkbook no matter if it's back when I made $39k or now. The gov't should do the same.
2. In my ideal world, the government reduces/eliminates all the exemptions/ deductions/ loopholes and taxes every citizen at a lower, but variable rate. Maybe 5% on those making under $50k, 10% on $51k-$500k and 20% on $500k+. The net intake would rise, the IRS could be abolished as there would be no need for filing tax returns, just pay as you go.
3. We are early 30's and already make over $250k. So the $36/$1,000 that is a minor PITA will grow to become an even bigger PITA as our hh income passes the $300k mark in the near future and likely the $400-450k mark in the next decade. Baring a societal/economic collapse, we are in careers where the upward income trajectory is pretty much a "lock" so I speak for our situation now and really in the future when I express my hatred for being over-taxed for being successful. Because that's really what I is. I use very little federal government services outside the IRS, the FAA (which this week is showing how useful the FAA really is), and some US Highways/ Interstates and national parks / customs & immigration on vacations.
You'd probably be surprised to know that on my local forum, I'm quite pro-tax for property taxes, which support my local (top 30 US ranked) school district and city/county services like roads, libraries, parks, etc. Those things improve the quality of my everyday life, not Washington's wasteful spending.
OK, I'm trying not to sound mean or cynical, but I'm really confused here...
TC, if for some reason the Bush/Obama tax cuts do expire for those people who have an AGI of $250K or more a year, do you realize that you'll pay no more in taxes than if those tax cuts hadn't expired?
Do you also realize that the extra tax paid would be $36 more on each $1000 of AGI above $250K?
Is it just the principle of the thing or do you really think that your quality of life will be severely diminished by an extra $36 being taken from your pay?
Because I'm seeing a lot of passion from you on this subject, but I'm not seeing the reason for it.
Americans do not like to do Math. The US is #36 in Math and now you know why.
Can I use your private jet and sail on your yacht?
Maybe I can stay in your mansion on the beach since you aren't using it because you are in aspen at one of your many other mansions...
I'd also like you to keep your butlers at these residences when I visit.
... What? You don't have any of these things? But Obama said you did... this is shocking! shocking!
Ummm....
If you are making $250,000 you won't have any increases.
If you make $300,000 you will only notice a $2,500 increase.
If you make $500,000 you will only notice a $12,500 increase.
Now let's say you make..
$10 MILLION you will notice almost a $500,000 increase. A big chunk of change, but if you're making $10 million, it won't stop you from buying yachts and jets.
Disclosure: We own a family business that made $550,000 net profit in 2010 and we are willing to pay $13,000 more in taxes to help keep our customer base strong.
If you are making $250,000 you won't have any increases.
If you make $300,000 you will only notice a $2,500 increase.
If you make $500,000 you will only notice a $12,500 increase.
Now let's say you make..
$10 MILLION you will notice almost a $500,000 increase. A big chunk of change, but if you're making $10 million, it won't stop you from buying yachts and jets.
Disclosure: We own a family business that made $550,000 net profit in 2010 and we are willing to pay $13,000 more in taxes to help keep our customer base strong.
You can just mail the $13,000 in today.
No reason to involve others.
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I was going to ask the same thing, I don't think the link exists.
