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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 1414 Views
A not so hypothetical situation... - 23/02/2012 05:46:44 AM 840 Views
Your paying more money now than then. Lower rate but more money *NM* - 23/02/2012 07:52:51 AM 511 Views
Accurate statement, but not a justification *NM* - 23/02/2012 03:44:55 PM 401 Views
Re: A not so hypothetical situation... - 23/02/2012 02:39:43 PM 943 Views
I don't know much about that. - 23/02/2012 03:53:27 PM 779 Views
Why the heck do you think the current tax system is skewed to the rich? - 23/02/2012 03:18:43 PM 979 Views
That's a fair question - 23/02/2012 03:52:08 PM 866 Views
You're operating under the same fallacy he does - that people should pay income taxes. - 23/02/2012 12:05:52 PM 1034 Views
In much the same way - 23/02/2012 01:40:58 PM 987 Views
Same argument re: fallacies - 24/02/2012 02:52:17 PM 817 Views
Was meant as a joke reply - 02/03/2012 06:30:15 PM 1006 Views
Joel is crazy, but I highly doubt that this is "why" - 23/02/2012 01:36:37 PM 1026 Views
HA! HA! Very well played! *NM* - 23/02/2012 03:49:35 PM 357 Views
You mention this statistic all the time. - 23/02/2012 02:16:47 PM 713 Views
Obviously, we are talking about the bottom 50%..... - 23/02/2012 03:22:43 PM 748 Views
How do you account for retired folks? - 23/02/2012 04:18:59 PM 961 Views
social security isn't taxable either *NM* - 24/02/2012 04:21:21 AM 416 Views
Easy... he doesn't. - 25/02/2012 02:56:05 AM 696 Views
I wonder how much of that statistic is students - 23/02/2012 02:22:58 PM 974 Views
Federal taxes - 23/02/2012 04:18:22 PM 839 Views
Your figures are fairly unrealistic - 23/02/2012 04:54:44 PM 1035 Views
Not entirely. - 23/02/2012 06:30:18 PM 785 Views
On exempting SS income: - 25/02/2012 02:30:43 AM 786 Views
Is there any reason why one should exclude the other? - 23/02/2012 07:32:09 PM 834 Views

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