Taxes for 160 million Americans are going up starting January 1

reply to post by Dbriefed


Stealing taxes? So that road you drive on needs maintenance, the school your kid goes to need to be financed somehow, your local police department needs new equipment how do you propose we fiance this?

Your taxes are about to go up because of the arrogant Nazi swine in the GOP yet you remain silent on this!

reply to post by Indigo5


Well taking into consideration that until this day is not day set for Fanny and Freedy to pay back what they own to the tax payer i guess they are waiting for the tax payer to pay back for them

See until this day no a single penny of their bailout has been pay what so ever and neither a day has been set up for such payment, they irony.

But rest assure that their corrupted CEOs will be having a better Christmas that more than half of the American tax payer and hard workers will have.

Originally posted by timetothink
reply to post by Indigo5

 

A 3 billion dollar reduction or a 33 billion dollar reduction does not by any stretch of the imagination fund this bill and it does nothing to the 15 trillion dollar deficit. What a joke.

Between your claim and the Non-Partisan Congressional Budget Office's analysis which says the bill is in fact funded and reduces the deficet...I think I will go with the CBO's documented and demonstrated analysis...as even the Congressional GOP have conceded that the bill is funded.

Originally posted by timetothink
reply to post by Indigo5

 

Buffet is also a bleeding heart liberal socialist so I take what he says with a grain of salt.

You have an idealogical mental disease when you start declaring a man who started as a boy selling chewing gum door to door and is now widely accepted as the planet's most successful investor and the 3rd wealthiest man on earth...yah..what a socialist!....Seriously...Idealogical derangement. Glen Beck disease...what ever you want to call it. Warren Buffet is arguably the most successful capitalist on the planet.

Originally posted by timetothink
reply to post by mastahunta

 

It is a fact that 47% of US citizen's don't pay taxes....53% including the 1% support everything that is paid out via the government. Welfare, road repair, WIC, police and fire....everything. And I for one am sick of it.

edit on 21-12-2011 by timetothink because: (no reason given)

Debunked here..

Fact Check: Pastor Rick Warren Tweets ‘HALF of America pays NO taxes’
abcnews.go.com...

Originally posted by timetothink
reply to post by Indigo5

 

I am really getting tired of people replying to a post without reading the previous or latter ones.....I said that already the tax code is progressive, but then corp etc get loopholes and deductions!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


FAIR OR FLAT TAX AND ABOLITION OF THE IRS.

Not my job to study your posting history. You posted this directly to me, I responded. You said nothing about acknowledging that loopholes afford the welathy many opportunities to avoid paying taxes. In fact you said they pay 35%.

Originally posted by timetothink
reply to post by Indigo5

 

It is not an equal playing field if you take a higher % from one group than another. Why should someone who is successful pay 35% and someone else pay 17% or nothing?

Originally posted by timetothink
reply to post by mastahunta

 

It is a fact that 47% of US citizen's don't pay taxes....53% including the 1% support everything that is paid out via the government. Welfare, road repair, WIC, police and fire....everything. And I for one am sick of it.

edit on 21-12-2011 by timetothink because: (no reason given)

No. 98% pay no taxes at all. 2% pay for everything.

If you think the 47% thing is a valid argument, then this one is too. The only difference is that I looked at a different tax (Capital Gains instead of Fed Income) (I heard the percentage paying Paris Hilton Tax is even lower)

Originally posted by Indigo5

Originally posted by timetothink
reply to post by Indigo5

 

It is not an equal playing field if you take a higher % from one group than another. Why should someone who is successful pay 35% and someone else pay 17% or nothing?

You are confused about how the tax system works in the USA..

I will let the 3rd wealthiest human being on the planet explain it. ...#2 in the United States..Bill Gates beat him at the last ranking

while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate.

Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.

To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes. The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It’s a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot.

My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.

READ THE WHOLE ARTICLE...IT IS BRIEF...WARREN IS A SELF MADE BILLIONAIRE AND KNOWS WHERE HE CAME FROM AND WHERE WE ARE

www.nytimes.com...

The above post makes all of the debate and discussion in this thread pointless and nothing but regurgitation of whatever little nugget of information you can find.

There are thousands of little statistics anyone can paste in here, but when this kind of statement comes from one of the wealthiest people in America, you know what the real deal is.

er not so fast on the tax going up latest news is 2 month deal too be worked out so say MSM ie CNN ABC USAtoday

Originally posted by bekod
er not so fast on the tax going up latest news is 2 month deal too be worked out so say MSM ie CNN ABC USAtoday

Ya...

According to a Senate Democratic aid, US House speaker Boehner agrees to House vote on Senate pay-roll tax bill

US Senate could vote as soon as tomorrow on possible payroll tax cut deal, according to a Senate Republican Aide

reply to post by Vitchilo


Were you expecting less? we have to remember that is its election year coming up, so all the pony show when we all know that congress will be making themselves look like the good guys for now.

reply to post by Indigo5




Calling people names is very mature....are you 10 years old.?

reply to post by Indigo5


ntu.org...

Percentiles Ranked by AGI


AGI Threshold on Percentiles


Percentage of Federal Personal Income Tax Paid

Top 1%


$343,927


36.73

Top 5%


$154,643


58.66

Top 10%


$112,124


70.47

Top 25%


$66,193


87.30

Top 50%


$32,396


97.75

Bottom 50%

reply to post by narwahl

The general discussion here is about income tax:

ntu.org...
Percentiles Ranked by AGI


AGI Threshold on Percentiles


Percentage of Federal Personal Income Tax Paid

Top 1%


$343,927


36.73

Top 5%


$154,643


58.66

Top 10%


$112,124


70.47

Top 25%


$66,193


87.30

Top 50%


$32,396


97.75

Bottom 50%

Hopefully those with an open mind (not brainwashed by NBC etc) can understand the fiqures I am posting courtesy of the IRS.

The top 50% of earners pay 97.70% of the taxes...is that exact enough? In other words the bottom 50% pay 2.25% of income tax, which in turn goes to the government which in turn pays the governments bills. Which includes welfare, road repair, aid to other nations and the payroll tax cut bill. What I am trying to get across is that it is not fair to say it's the 99% against the 1%......it is 50 against 50. I didn't make this stuff up.....denying it doesn't make it untrue.

usgovinfo.about.com...


2002 figures..
usgovinfo.about.com...

The tax burden on the top 50% of Americans has been increasing.

taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total
It is now 97.75

reply to post by timetothink


This will answer all your questions about why the 99% is pissed :
U.S. Income Inequality Higher Than Roman Empire's Levels

reply to post by Vitchilo
[m


The only argument I can see being made is that these 99ers don't want this to be "America" home of the free anymore, at least according to what I am hearing in this post.

You want it to be a "spread the wealth" around country and I disagree with that...I am for nixing the tax code and the IRS in favor of flat/fair tax and I am in favor of making lobbying illegal and taking the big money out of campaigns. But in America, people are allowed to get as rich or poor as they want. This is not a country that takes from one to give to another or is jealous of someone's success and wants to take it away. That is anti-American period. Making the rich evil does nothing to fix the problems, get out of the tents and the parks and get elected and change laws...just like the Tea Party did.

reply to post by Indigo5

Buffet is like most other rich liberals...a big fat hypocrite. A rich liberal elite who uses capitalism for their own gain, then preaches to others about spreading the wealth around. I will stick with a Donald Trump type of rich anyday. You can take whatever Buffet says as bs as far as I am concerned.

reply to post by timetothink

The only argument I can see being made is that these 99ers don't want this to be "America" home of the free anymore, at least according to what I am hearing in this post.

It might depend on their definition of "home of the free".

Some might actually say:

"home of the free giveaways"

Desides that, the income tax revenues can't pay off the debts anyway.

Look for a VAT and other tax increases in Jan 2013 when the next regime enters power.

Congress will find a way to continue this current "break", and will extend it again before the Nov elections.

Does anyone know if we get a special refund or general distribution for 2011 ?