Tax Freedom Day - April 9

Discussion in 'Politics' started by chanel, Apr 6, 2010.

  1. chanel
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    chanel Silver Member

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    Column: How much taxation is enough? - Opinion - USATODAY.com

    NJ is 4/25 second only to CT How about a big thank you from the non-payers? :clap2:
     
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  2. Ravi
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    Ravi Diamond Member

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    If you're paying 25% of your wages in taxes you need a new accountant.
     
  3. LuckyDan
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    LuckyDan Sublime

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    No. New leadership.
     
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  4. Baruch Menachem
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    Baruch Menachem '

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    For some of us, tax freedom day is Jan 2, for others, May 30.
     
  5. Ravi
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    Ravi Diamond Member

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    Are you paying 25%? If so, you're an idiot.
     
  6. LuckyDan
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    LuckyDan Sublime

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    Or I made over $70k last year. Not too bad. For an idiot.
     
  7. Ravi
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    Ravi Diamond Member

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    If you made $75,000 with no deductions (impossible) your tax would be $15,000 which is 20%.

    So you're an idiot.

    :thup:
     
  8. code1211
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    code1211 Senior Member

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    It's academic anyway when the government is spending 58 cents in collected money and 42 cents in burrowed money out of every dollar spent. So if it takes 3 months plus a week and a half to pay for the money spent that is collected, it will take another 2 and a half months to pay the other 40% of the spending.

    The actual tax freedom day is July 1.

    We need to end the insanity.
     
  9. code1211
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    code1211 Senior Member

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    Just to be clear, taxes are paid in a variety of ways. Federal, State, Local, Sales, Property, Excise, license, inheritance, interest, dividend and others.

    20% doesn't sound too irrational. Our Sales Tax around here is 7%, more at a tavern in the city. Property tax is irrational around here and I really can't even figure out what it is. My income is taxed by the Feds, the state, the city and the township.

    If you count the SS set aside as a tax, that's another 14% gone with the wind. If you're younger than 40 you have an excellent chance of never seeing a dime of payback from it.

    I don't mind paying taxes. What I hate is idiots spending the money like it was piss in a pot they were trying to empty.
     
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  10. LuckyDan
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    LuckyDan Sublime

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    20% seems pretty damn steep to me, even if it's only on my last dollar. I like the 10% flat idea for everyone.
     

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