Stop Putting So Much Tax Burden on Single People!! (cost, school, education)
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Plus people with kids need schools, safe roads and infrastructure way more than single people do.
This is probably the first tax thread I've ever joined because single people do get the shaft. The government continues to subsidize child-birth despite not having enough decent jobs for them, and not having an empty country to populate like it's 1945.
I doubt it will change, both parties are ga ga for goo goos (babies).
If people had to pay all the expenses of raising a child we would have far fewer children. And that would not be a bad thing.
earn 43k
std ded 6100
personal exemption 3900
total taxable income 33k
tax...on 33k BEFORE any write offs 4500
if you had any contrabutions to a 401k, pesion etc.....writeoff
most states income taxes range from 2% to 8% with a dozen states having ZERO income tax...and hawaii, cali and NJ having the HIGHEST tax at the top bracket of 12/11/9%
most people making 45k or less pay nearly zero in taxes
I have a fantastic accountant, and between payroll, state, and fed I was over 25%.
I am single with no dependents, and contribute 10% to my 401k. It is not a joke; single folks pay a sick amount of taxes. My income is between $40K and $50K per year.
I have a fantastic accountant, and between payroll, state, and fed I was over 25%.
I am single with no dependents, and contribute 10% to my 401k. It is not a joke; single folks pay a sick amount of taxes. My income is between $40K and $50K per year.
Few choices for ya
1. Find a GF
2. Get Married
3. Have random kids
4. Learn some loop holes
It wouldn't hurt not to let every Tom, Dick and Harry poor person/future Democrat into the country, either.
The reason we supposedly have immigration laws (when they are actually enforced) is to not place a burden on the American taxpayer by admitting a lot of poor people.
Still waiting for the schools to stop feeding the kids of parents who get food stamps, have those food stamps decreased because of those school meals, or have the school meals paid for with the parents' food stamps.
It wouldn't hurt not to let every Tom, Dick and Harry poor person/future Democrat into the country, either.
The reason we supposedly have immigration laws (when they are actually enforced) is to not place a burden on the American taxpayer by admitting a lot of poor people.
Still waiting for the schools to stop feeding the kids of parents who get food stamps, have those food stamps decreased because of those school meals, or have the school meals paid for with the parents' food stamps.
Oh that great amnesty ? Where our country allows ILLEGALs by the millions to come here and cause us a burden... Yeah , if we dont allow them to suck up our resources we are deemed bigots and racist people lol.
But the worst thing is Bush's tax cuts decreased our governments revenues, created huge deficits, grew our national debt to dangerous levels, cut federal funding to states, cut needed social programs, and then decreased the value of the US dollar from our high debt.
But you ignore everything I say, and you just want things like the following,
I have a fantastic accountant, and between payroll, state, and fed I was over 25%.
I am single with no dependents, and contribute 10% to my 401k. It is not a joke; single folks pay a sick amount of taxes. My income is between $40K and $50K per year.
now you are adding payroll into the equation too????
7% (6+1) is mandated for payroll
40-50k is in the 12% bracket for federal (with you paying about 9%)
and only 2 states have a bracket over 10%...most states are between 3-6%
the FACT is you are paying LESS than 25%
the math isnt all that difficult
7+9+4 is what.......20
heck my property taxes are 20% of my income....that's why I itemize and write them off my federal
But the worst thing is Bush's tax cuts decreased our governments revenues, created huge deficits, grew our national debt to dangerous levels, cut federal funding to states, cut needed social programs, and then decreased the value of the US dollar from our high debt.
But you ignore everything I say, and you just want things like the following,
1. the ''bush tax cuts'' were mostly for the middleclass and the poor...infact the rich got only a small cut in the income tax
the bush tax cuts/credits helped mainly the poor and middleclass
the credits:
expanded child CARE credit
expanded child credit
energy star credit
tution credit
health care credit
retirement fund (401k/tsp/roth) credit
the 01/03 (aka "bush' ) tax cuts/credits were for EVERYONE..with the poor and middleclass getting the biggest part of the cuts/credits.....\prior to the 'bush' tax cuts there was not a 10% bracket..it was 15%....the rich was cut from 39% to 35%
2. but the biggest part of the cuts/credits was not the tax rates ....... but the CREDITS ( child care credit, child credit, energy efficiency credit, retirement 401k credit, education tuition credit, and the health costs credit) which the "rich" those households over 180k could NOT take
the only cut the "rich' got solely was thier rate dropped from 39 to 35...a 4 point drop
EVERYONE got the capitol gains cut
the POOR got a 5 point drop from 15% down to 10%
and EVERYONE under 180k got the credits...(energy credit, tuition credit, child credit, child care credit, retirement(401k) credit, and health care cost credit)....the 'rich' were not allowed thoise credits as they prorated down on incomes over 180k
the 01/03 cuts and credits benefited the poor and the middleclass much more
When I heard about some potential legislation to place more tax burden on single people without kids recently, I flipped my lid. The US tax system is so unfairly balanced right now, and it is pushing me out of the middle class into poverty.
Almost 1/4 of my gross incomes goes directly to state and federal taxes. And I only make 43K. My net take home ends up being 30K. The system punishes my demographic because we are single with no kids. My GF made close to 100K last year, and she was taxed nearly 25K. Again, 1/4 of the income.
Maybe the government looks at it that we are getting to keep three fourths of our hard earned money without dealing with the expenses of kids. Screw that. A married couple has the benefit of a dual income. They are the ones I see with the nice houses, the garages full of stuff. I am in my 40s, and can't afford a house. I've never owned a lawnmower because I've never had my own yard.
Yes, kids are expensive, but I believe a dual income more than makes up for that especially with all the tax breaks. But the government wants to take more away from me to help familes? Why should I be punished because I was a responsible adult and didn't engage in risky behavior or poor parenting? I have a friend on FB who has a new kid every year. He now has 7 kids. He was bragging about his big tax refund and how his family would get to enjoy a nice cruise. Does he really deserve a break and not me?
I'm all for everyone paying their fair share. So if I have to fork over 25% then everyone should have to do the same.
Boy, there sure are a lot of folks who lie about how much they pay in taxes. And a lot more people suck at Math. You single people should join the TEA party if you don't like the way things are going.
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