Just finished my tax returns...Thanks for NOTHING Trump! (politicians, million, kids)

[InformedConsent]

Originally Posted by kevinm

If you must be "forced" to save, you deserve to be poor.

That ^. WTH?

[InformedConsent]

Originally Posted by StuartGotts

without typical republican name calling (dummy?)
I'll respond that I DID make more, I DID pay more...

I ALSO PAID A HIGHER PERCENTAGE THAN PAST YEARS.

key word = percentage.

Um... yeah... That's how the progressive federal income tax system works in the US. The higher your income, the higher your effective federal income tax rate. HOW does anyone not know that?

According to the latest federal income tax data reported by the IRS, this is the average effective federal income tax rate paid by each income group:

Top 0.1%: 27.05%
Top 1%: 26.87%
Top 1%-5%: 23.49%
Top 5%-10%: 14.05%
Top 10%-25%: 10.71%
Top 25%-50%: 7.81%
Bottom 50% 3.73%

Data source: https://www.irs.gov/pub/irs-soi/16in01etr.xls and https://www.irs.gov/pub/irs-soi/16in02etr.xls

[Three Wolves In Snow]

Originally Posted by StuartGotts

without typical republican name calling (dummy?)
I'll respond that I DID make more, I DID pay more...

I ALSO PAID A HIGHER PERCENTAGE THAN PAST YEARS.

key word = percentage.

Of course you did. You made more money. It's not hard to figure out that you went into another tax bracket. You made more, you're going to pay a higher percentage. That's what the left has been bleating about for years, and here you are, making more, paying more. That's exactly how it works.

Why did you think that you were exempt from that?

[Marc Paolella]

Originally Posted by take57

So I guess it's fair to say if I were to read one of your listings (on paper of course since a highly principled person such as yourself would never be party to using the internet to conduct business which is/was in large part developed by universities and other publicly funded institutions) I'd never find an amenity on a property you stand to get a commission on with descriptions such as "close to schools" or "close to parks" because that would just render your statements as disingenuous jive unless of course all those perks were privately financed.

We are dealing with what we do have compared to what we SHOULD have. So yes, a listing would reference the inferior public version that we now have instead of the spectacular private version that would exist in a projected alternate capitalist reality.

And the Internet that would exist today had my system been in place since 1900 would be operated through mind control. You have no idea how backward and stupid our present world is compared to the one that would exist had we ever adopted rational and ethical laissez-faire capitalism. A system which has never come close to actually being tried.

And, thanks to the present zombie march of vicious, hateful, envious, left-wing statist collectivist automatons, will probably never be tried. To our eternal discredit.

[craigiri]

Originally Posted by momonkey

The 90% top rate was reduced by Kennedy to 71% and LBJ to 70%.

Question remains. Was IKE "bad" for having a 90% rate?

Your figures are off a bit, but....my guess is people think 70% is "bad", so what's the diff?

https://www.taxpolicycenter.org/stat...come-tax-rates

1963 = 91%

70% under Nixon and friends.

I don't remember people complaining....because no one paid it.

ANother way to put it is that rates are currently among the lowest they have been in 80 years. And, we are not paying the bills. What is wrong with this picture?

[BoBromhal]

Originally Posted by StuartGotts

Interest on HELOC is NOT local/state.

It didn't affect me but I'm sure it was a huge hit on a lot of middle class tax payers.

However, if the taxpayer used the home equity loan proceeds for personal expenses, such as paying off student loans and credit cards, then the interest on the home equity loan would not be deductible.

see above

[BoBromhal]

Originally Posted by UrbanAdventurer

I got back a whopping $129 on my Federal but it is hard to compare apples to apples since I made quite a bit more than I did in 2017 and also claimed 2 exemptions instead of 1. Came out pretty even.

in 2017 your total taxable income (all taxable sources; before any deduction) was:
in 2017 your total tax liability was:


do the same for 2018.

did your taxes (tax rate) increase, or decrease?

[BoBromhal]

Originally Posted by craigiri

Would you have consider IKE a radical lefty? How about Nixon? Ford?

All had 90% top Federal Income rates during their entire reigns....which was a LONG time.

The country has gone so far right that IKE and NIXON now look far left. Consider that.

have you seen research on what the net tax rate was, after applying tax code, loopholes, etc?

[craigiri]

Originally Posted by BoBromhal

have you seen research on what the net tax rate was, after applying tax code, loopholes, etc?

No one paid it. Just like it would be with 50 or 70% rates now.

"no one" meaning none of us.

Rick Scott would likely pay it on some of his income.

Weren't we closer to a balanced budget in those days? If so, you don't have to research anything...it obviously worked, loopholes and all.

I like a simplified system - but it has to raise enough money to do the job.

[BoBromhal]

Originally Posted by InformedConsent

No, his Admin will just have to go on a massive campaign to educate the perpetually stupid.

HOW on earth do people not get that having less withheld from one's paychecks throughout the year means one's tax refund at the end of the year will be smaller? Is most of the country really that mathematically illiterate? /SMH

based on this thread and my twitter feed, yes. They really are.