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Federal taxes Aeryn Send a noteboard - 23/02/2012 04:18:22 PM
Wow, talk about Two Americas.....one that foots the bill, the other that feeds at the trough for free. Time for the freeloaders to start paying their fair share!


IN addition to the federal taxes, there are state/city taxes, social security/medicare taxes, and state/city sales taxes, not to mention various fees which are in effect taxes disproportionately affecting the poor.

Also the "all Americans" bit - does this include college students who have no income? SS recepients also with very little income? (I never understood why SS income is mostly tax-exempt though.) Is it such a travesty that someone who makes $15,000 per year only pays 7.65% (SS/Med) + 7.00% (city+state) + 8% (sales) in taxes, and 0% in federal taxes? (Actually I don't know if my example is correct. With a 15k, they would be paying federal taxes if they don't have children. If they do have children, well,.. honestly, so you want to be the poor shmuck with a full time job raising a kid on $15k a year?)

I pay a lot in taxes. I try to work the system the best way I can (use FSA for medical expenses, pre-tax commuter benefits, give to charity, contribute a lot to my 401(k)), so my gross tax rate (on earnings without any deductions) is about 28%. If I'm less aggressive with tax strategies, it easily goes up to 33-35%. Guess what? I would still rather make what I make than pay zero in federal taxes.

If you want to cut taxes, then fix the AMT. It disproportionately penalizes blue states, which already pay into the federal coffers a lot more than they get. Be angry about that. And it would be a disaster if they repeal the deduction of state/city taxes, for the same reason.
This message last edited by Aeryn on 23/02/2012 at 04:24:13 PM
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Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes - 23/02/2012 04:43:15 AM 1486 Views
A not so hypothetical situation... - 23/02/2012 05:46:44 AM 903 Views
Your paying more money now than then. Lower rate but more money *NM* - 23/02/2012 07:52:51 AM 534 Views
Accurate statement, but not a justification *NM* - 23/02/2012 03:44:55 PM 427 Views
Re: A not so hypothetical situation... - 23/02/2012 02:39:43 PM 997 Views
I don't know much about that. - 23/02/2012 03:53:27 PM 830 Views
Why the heck do you think the current tax system is skewed to the rich? - 23/02/2012 03:18:43 PM 1042 Views
That's a fair question - 23/02/2012 03:52:08 PM 925 Views
You're operating under the same fallacy he does - that people should pay income taxes. - 23/02/2012 12:05:52 PM 1097 Views
In much the same way - 23/02/2012 01:40:58 PM 1057 Views
Same argument re: fallacies - 24/02/2012 02:52:17 PM 871 Views
Was meant as a joke reply - 02/03/2012 06:30:15 PM 1079 Views
Joel is crazy, but I highly doubt that this is "why" - 23/02/2012 01:36:37 PM 1086 Views
HA! HA! Very well played! *NM* - 23/02/2012 03:49:35 PM 378 Views
You mention this statistic all the time. - 23/02/2012 02:16:47 PM 769 Views
Obviously, we are talking about the bottom 50%..... - 23/02/2012 03:22:43 PM 814 Views
How do you account for retired folks? - 23/02/2012 04:18:59 PM 1022 Views
social security isn't taxable either *NM* - 24/02/2012 04:21:21 AM 444 Views
Easy... he doesn't. - 25/02/2012 02:56:05 AM 759 Views
I wonder how much of that statistic is students - 23/02/2012 02:22:58 PM 1031 Views
Federal taxes - 23/02/2012 04:18:22 PM 904 Views
Your figures are fairly unrealistic - 23/02/2012 04:54:44 PM 1096 Views
Not entirely. - 23/02/2012 06:30:18 PM 846 Views
On exempting SS income: - 25/02/2012 02:30:43 AM 848 Views
Is there any reason why one should exclude the other? - 23/02/2012 07:32:09 PM 901 Views

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