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Who was it taken from? In the event your math is very bad, the top pay more under Bush's plan, not less, and in fact, the bottom 50% only pay 3.46% of all taxes. In addition, Bush raised funding for seniors and the poor, entered the White House as a fiscal conservative, left a liberal spender..
It was taken from the non-rich people who were handed peanuts out of the Bushie tax cuts while already wealthy folks were showered with largesse.
No, my math is fine. And the average effective tax rate paid by the top 1% fell under Bushie from a little over 25 cents to less than 21 cents on the dollar. Meanwhile, their share of all the income went from 18% to 23%. Wow. Tough breaks for them, eh? More income. Lower taxes. That must have hurt.
There are plenty of right offs and with good income there can be tax shelters inwhich to invest your money..
Oh I agree there certainly must be if you have a big enough income, but not for the average business owner.
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No one ever strives to live in a class beyond what they were raised in.
I was a little stunned by that statement.
I know a lot of people who strive to live in a class above that in which they were raised.
My Mom grew up dirt poor (some days only dandelions for dinner) - she strove for a better life. I grew up on the low end of middle-class - strove for a better life. Are we unusual from the norm?
It was taken from the non-rich people who were handed peanuts out of the Bushie tax cuts while already wealthy folks were showered with largesse.
No, my math is fine. And the average effective tax rate paid by the top 1% fell under Bushie from a little over 25 cents to less than 21 cents on the dollar. Meanwhile, their share of all the income went from 18% to 23%. Wow. Tough breaks for them, eh? More income. Lower taxes. That must have hurt.
To say that the rich are 'over taxed' is so ridiculous and self serving...
I think the only people who push that crap are the top 1% - and who cares what they think - we outnumber them and have political clout...
Almost every single thing I've read indicates the lopsided income inequality in this country is the worst it has been since the 1920s - just before the Great Depression and the New Deal...
My situation is illustrative. And you still haven't answered as to whether 20 cents on the dollar is such a terrible thing.?
20% is a terrible thing when your avoiding the real question, why should you be paying 20% when others are not only paying 0% but receiving a check for their lack of willing or ability to earn more?
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Originally Posted by saganista
They are all laughing over people whose entire incomes are smaller than our taxes and still think we have it really tough. I can go out and drop $500 on dinner and not think anything of it. Can you?
I "Could", but I live within my means, if your rich enough to pay more and help those less fortunate, I'll be more than willing to send you my address, you can buy me dinner.
p.s., didnt you just call me "childish" for getting off topic, tell me your dinner expense isnt "off topic".. Maybe I should be "childish" and stoop to calling you names in return.
It was taken from the non-rich people who were handed peanuts out of the Bushie tax cuts while already wealthy folks were showered with largesse.
No, my math is fine. And the average effective tax rate paid by the top 1% fell under Bushie from a little over 25 cents to less than 21 cents on the dollar. Meanwhile, their share of all the income went from 18% to 23%. Wow. Tough breaks for them, eh? More income. Lower taxes. That must have hurt.
Only a liberal can say that someone whos handed anything is having stuff "taken away from"..
How exactly does that work? Government hands "the poor" more, but its stealing from them? I suppose all of those seniors who no longer need to pay for their pescriptions they couldnt pay for before are more greatful then you, after all, you can afford $500 for a dinner..
Oh I agree there certainly must be if you have a big enough income, but not for the average business owner.
I was a little stunned by that statement.
I know a lot of people who strive to live in a class above that in which they were raised.
My Mom grew up dirt poor (some days only dandelions for dinner) - she strove for a better life. I grew up on the low end of middle-class - strove for a better life. Are we unusual from the norm?
No, but if you are too successful, according to many on this forum, you need to be punished. Because, obviously your success is somehow unfair and you are an exploiter. My opinion is that most of the folks on here castigating the "wealthy" are themselves probably fairly incompetent and are just filled with a rage because, in their lights, things are unfair.
So you don' t have to pay city tax, state tax, SS tax , medicare, like the rest of us do.
No city tax. County tax, though.
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Originally Posted by JennySquirrel
If you are in the top 1% as you claim ("I'm in the top tax bracket") then I am sure your income tax is not just 20% of your AGI.
Yes, I'm in the top 1%, and last year the final bill was a little under 20% of AGI. It would have been a little over in most recent years.
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Originally Posted by JennySquirrel
]Oh and BTW......I have great news for you! There is a box you can check on your 1040 that you can give extra money. It's a volunteer thing. You must have missed that little tidbit of info. You still have time, April 15th isn't here yet
Well, I doubt I'll file the 1040 until August, but there certainly isn't such a box on my 1040. You can send $3 of your taxes to the Presidential campaign fund. You can apply all or part of your past year refund to your current year estimated taxes. That's about it on the form they send me.
You're funny. The only people "stealing" anything are the people who pay the most taxes. And most of them pay less tax than I do. They have the loopholes. I don't.
so if you are paying $10,000 a year in taxes and a rich person is paying $300,000 a year in taxes, they are paying less than you do.
right..........
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