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How much do you want?

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posted on Apr, 27 2017 @ 11:49 PM
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Will someone please let me know?

Exactly how much money should I be paying in taxes? State? Federal?

What is fair?

Everyone always speaks as if it's abstract. I want your number.




posted on Apr, 27 2017 @ 11:51 PM
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a reply to: rockintitz

All together, about 32% of what I made last year.



posted on Apr, 27 2017 @ 11:59 PM
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a reply to: JinMI

If you're saying 32% of my income should be given away...

That's about 1/3rd of my working life.

Talk about a wage gap.



posted on Apr, 27 2017 @ 11:59 PM
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a reply to: rockintitz

All taxation requirements for individuals or families can be found here:


Table 1. Single Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $9,325 10% of Taxable Income
15%
$9,325 to $37,950 $932.50 plus 15% of the excess over $9325
25%
$37,950 to $91,900 $5,226.25 plus 25% of the excess over $37,950
28%
$91,900 to $191,650 $18,713.75 plus 28% of the excess over $91,900
33%
$191,650 to $416,700 $46,643.75 plus 33% of the excess over $191,650
35%
$416,700 to $418,400 $120,910.25 plus 35% of the excess over $416,700
39.60%
$418,400+ $121,505.25 plus 39.6% of the excess over $418,400



Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $18,650 10% of taxable income
15%
$18,650 to $75,900 $1,865 plus 15% of the excess over $18,650
25%
$75,900 to $153,100 $10,452.50 plus 25% of the excess over $75,900
28%
$153,100 to $233,350 $29,752.50 plus 28% of the excess over $153,100
33%
$233,350 to $416,700 $52,222.50 plus 33% of the excess over $233,350
35%
$416,700 to $470,700 $112,728 plus 35% of the excess over $416,700
39.60%
$470,700+ $131,628 plus 39.6% of the excess over $470,700



Table 3. Head of Household Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $13,350 10% of taxable income
15%
$13,350 to $50,800 $1,335 plus 15% of the excess over $13,350
25%
$50,800 to $131,200 $6,952.50 plus 25% of the excess over $50,800
28%
$131,200 to $212,500 $27,052.50 plus 28% of the excess over $131,200
33%
$212,500 to $416,700 $49,816.50 plus 33% of the excess over $212,500
35%
$416,700 to $444,500 $117,202.50 plus 35% of the excess over $416,701
39.60%
$444,550+ $126,950 plus 39.6% of the excess over $444,550
Source: IRS.
Standard Deduction and Personal Exemption

The standard deduction for single filers will increase by $50 and $100 for married couples filing jointly (Table 4).

The personal exemption for 2017 remains the same at $4,050.



Table 4. 2017 Standard Deduction and Personal Exemption
Filing Status Deduction Amount
Single $6,350
Married Filing Jointly $12,700
Head of Household $9,350
Personal Exemption $4,050
Source: IRS.


2017 US Tax rates
edit on 28-4-2017 by Sublimecraft because: added text



posted on Apr, 28 2017 @ 12:01 AM
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a reply to: rockintitz

I'm not saying it's right, I'm saying that's what I paid. Middle class, single with kids I can't/don't claim is a 8!+(4.



posted on Apr, 28 2017 @ 12:02 AM
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a reply to: Sublimecraft

Plus you get to add in state sales tax, gas tax, vehicle registration tax, taxes on every bill you pay and on and on.



posted on Apr, 28 2017 @ 12:09 AM
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originally posted by: JinMI
a reply to: rockintitz

I'm not saying it's right, I'm saying that's what I paid. Middle class, single with kids I can't/don't claim is a 8!+(4.


I apologize if i didn't articulate this correctly. I'm not asking what anybody paid.

I'm asking what percentage of income should be paid.

I'm asking what people believe is fair. Individually.



posted on Apr, 28 2017 @ 12:12 AM
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Zero



posted on Apr, 28 2017 @ 12:13 AM
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Personally? I think 10% is fair. Some may think it should be more. Some may think less.



posted on Apr, 28 2017 @ 12:13 AM
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a reply to: rockintitz

Ah, gotcha, that's not how I read it.



8, 5 and 2 percent. Fed/State/local. Use tax on gasoline and processed foods (not stupidly high however). Perhaps on luxury items as well.



posted on Apr, 28 2017 @ 12:16 AM
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originally posted by: rockintitz
Will someone please let me know?

Exactly how much money should I be paying in taxes? State? Federal?

What is fair?

Everyone always speaks as if it's abstract. I want your number.


Let me ask you this? How free are you really when you allow your government to tax the dead? Estate tax?



posted on Apr, 28 2017 @ 12:17 AM
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a reply to: Arizonaguy

10% allocated to what?



posted on Apr, 28 2017 @ 12:19 AM
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All told, in Federal, State, and hidden taxes, my effective tax rate was 45% last year...

All I'd really ask is two things

1) Repeal any and all "refundable" tax credits, i.e., you will never get back more than you paid in, no matter what.

2) Reverse "No taxation without representation." Make it "No Representation without taxation." i.e., if you're a net taker, and get back more benefits than you pay in taxes, you don't get to vote...



posted on Apr, 28 2017 @ 12:19 AM
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originally posted by: seeker1963

originally posted by: rockintitz
Will someone please let me know?

Exactly how much money should I be paying in taxes? State? Federal?

What is fair?

Everyone always speaks as if it's abstract. I want your number.


Let me ask you this? How free are you really when you allow your government to tax the dead? Estate tax?


The estate tax will continue to piss me off. Even when I'm dead.



posted on Apr, 28 2017 @ 12:22 AM
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originally posted by: rockintitz
Will someone please let me know?

Exactly how much money should I be paying in taxes? State? Federal?

What is fair?

Everyone always speaks as if it's abstract. I want your number.


The wealth-grabbers will never answer your question. I have been asking this question for years...

They will excitedly tell you about all the free healthcare and free college and free this and free that they want, but they'll never tell you how much they want you to pay for it.



posted on Apr, 28 2017 @ 12:23 AM
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originally posted by: JinMI
a reply to: rockintitz

Ah, gotcha, that's not how I read it.



8, 5 and 2 percent. Fed/State/local. Use tax on gasoline and processed foods (not stupidly high however). Perhaps on luxury items as well.


8+5+2=15 plus certain caveats?

Let's be specific.


edit on 28-4-2017 by rockintitz because: (no reason given)



posted on Apr, 28 2017 @ 12:25 AM
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The greatest con ever perpetuated on the American public.

The income tax.

The only FAIR tax is NO tax at all.

People are ENTITLED to keep what they earn without have to pay an extortion fee to the state for the 'privilege' of working.



posted on Apr, 28 2017 @ 12:26 AM
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Income tax is still illegal. There is no law saying it should/has to/legally required to.. ANYWHERE!

Ask an IRS agent to show you where the law states you have to pay income tax.. I dare you!



posted on Apr, 28 2017 @ 12:33 AM
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a reply to: neo96

Do you mean 0% federal, state and local?



posted on Apr, 28 2017 @ 12:37 AM
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a reply to: rockintitz

The basics. Police, fire, defense, infrastructure. Cut everything else



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