Please raise my taxes...

Discussion in 'Politics' started by Big Black Dog, Dec 28, 2012.

  1. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Please raise my taxes to at least 50% of my income. I have too much money now as it is. It's only right... It's such a Democratic thing to do. I'm tired of all the bitching and moaning and complaining in Congress. If we all paid 50% of our income in taxes maybe Harry Reid would STFU and actually do something constructive and not ask for another tax increase until at least next year.
     
  2. G.T.
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    G.T. Diamond Member

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    I do wonder if people know how a progressive tax system actually works. For instance, if you fall in the 30's as a percentage (bracket) it's not all of your income that's taxed at the 30-some odd percent, but only the income over x-amount inside of said bracket. I find it amazing how many people don't actually know that, it's weird.
     
  3. DiamondDave
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    DiamondDave Army Vet

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    I wonder if liberals know that INCOME TAX IS ONLY 1 tax.. and that MANY of us who actually make a 'good living' end up paying close to or over 50% of our income in taxes
     
  4. G.T.
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    G.T. Diamond Member

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    Word, break that down for me player.

    I'd like to see it fleshed out using real data, and not hypotheticals. (honest).

    For instance, just speaking federally.....if you're in the 33% tax bracket, you are taxed nowhere near 33% on all of that income so don't say "well let's see, federal I pay 33%" and then go on to add others, equalling 50. That's not how it works.

    Use real data. Let's see.....
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    I wouldn't count on that. Some on the left will not be satisfied until they take all of our income.
     
  6. beretta304
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    beretta304 BANNED

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  7. G.T.
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    G.T. Diamond Member

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  8. G.T.
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    G.T. Diamond Member

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    This is also interesting from said link.

    These tables include the employee and employer portion of social security and medicare taxes, reduced by the self-employment tax deduction. The alarming size of the “donut hole” is impressive. A single taxpayer earning $87,000 has a higher marginal tax rate than a star NFL quarterback. Likewise, a married taxpayer earning $37,000 in taxable income pays at a higher marginal rate than one with ten times the taxable income. What’s the moral of the story? Get to that $106,800 limit as quickly as possible to lower your marginal tax rates.
     
  9. DiamondDave
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    Gas tax
    property tax
    sales tax
    communications tax
    luxury tax
    rental car tax
    911 tax
    capital gains tax
    cigarette tax
    alcohol tax
    energy producers tax
    unemployment
    social security
    state tax
    county tax
    city tax


    the list goes on and on and on, you fucking buffoon... the amount of taxes and the amount in taxes is staggering when you break it down

    just for a week, keep all receipts, bills, etc and start adding up all the different taxes you end up paying.. and that is just the ones you see up front.. many MANY are 'included in the price' behind the scenes

    grow up
     
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  10. G.T.
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    G.T. Diamond Member

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    I do accounting - for a living. It doesn't add up to 50% of gross income, even for the richest. Might want to watch who you call a buffoon. Your list isn't even demonstrable, people buy properties they can't afford which sort of skews things, adurr.

    Cap gains tax is essentially an income tax. The dollars you "gain" on the market were not previously taxed, so "adding" that to the compiled list is perplexing.



    Flesh it out. Do the actual math, show the math. It's not 50%.
     
    Last edited: Dec 28, 2012

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