Oldandtired
Rookie
- Banned
- #141
If you pay well into 40% in federal taxes you ARE an idiot and need to restructure your business.We call those payroll taxes. Income tax is taxed on all income, payroll tax is only taxed on employment income...and in the case of SS only a portion of the income.
And for over 90% of Americans, FICA is on ALL of their income...the cap is 104K
We are apart with semantics...and I call us even when semantics come into play.
but the crux of what we are debating was your stetemnt that I am a liar or an idiot when I say I pay more than 35% in income taxes...I pay well into the 40's....and I do it without complaining.....but now I am an evil greedy non patriotic jerk if I complain that my taxes are increasing so I can supoport the victims of evil greedy rich people like myself....you know...the victims that lost all kinds of money becuase they tried to have their money make money for them and they lost the gamble.....
There. That was MY rant for the day.
Federal taxes?
Now you are changing the criteria of the debate......why must you do that....and throw in ridicule as if I KNEW you were referring to just federal?
Yo....Ravi.....got news for you.....I am pretty good at what I do...and something tells me I am doing better than you financially...and something tells me that more people are working THANKS to me than thanks to you......so any ridicule of my success is ridiculing yours.
But I may be wrong. Maybe you are also in the top 5%....but I bet you arent.