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Originally posted by GregJ
The money go to :
1.Military (99.97%)
2.Education (0.02%)
3.Infrastructure (0.01%)
4.People (0%)
Just my assumption..LOL..
Originally posted by links234
I'm not sure how you figure 52%, however, in response to your other question about where your tax dollars go there's this, from the White House.
Without getting too involved in my numbers; I was taxed at 12.5% federal (OASDI, income, medicare) and 3.3% state. This adds to a whopping 15.8% total tax rate. Depending on what I get back this spring I'll be able to tell what my effective rate was.
I seriously doubt anyone is getting hit for anything above 30% in this country.
Originally posted by olaru12
Fighting wars is very expensive! Follow the money....
costofwar.com...edit on 29-12-2012 by olaru12 because: (no reason given)
Originally posted by minnow
I'm shocked to see claims of only paying 12% total tax rate on income (between fed & state governments)
Is anyone disputing the figures shown here:
blog.heritage.org...
It's clearly around 28% Federal income tax rate plus 15% Payroll tax plus state tax(unless ur in one of the about 6 states which have no state income tax).
Would be great to find somewhere that shows where all the tax (roughly half each paycheck) goes... still googling
edit on 29-12-2012 by minnow because: (no reason given)
Is anyone disputing the figures shown here:
Originally posted by Phage
reply to post by minnow
Is anyone disputing the figures shown here:
Yeah. I dispute it.
28% is the marginal rate for single filer income between $36,250 and $87,850 if nothing gets done. It is currently 25%. This of course, has nothing to do with any deductions which lower taxable income providing a lower effective tax rate. But even without that it ain't 50%.
The payroll tax (FICA, Medicare) rate will be 7.65% assuming the "holiday" is not extended. See, they failed to note that they include the employer's share in the figure they provide.edit on 12/29/2012 by Phage because: (no reason given)
Originally posted by jude11
Originally posted by Phage
reply to post by minnow
Is anyone disputing the figures shown here:
Yeah. I dispute it.
28% is the marginal rate for single filer income between $36,250 and $87,850 if nothing gets done. It is currently 25%. This of course, has nothing to do with any deductions which lower taxable income providing a lower effective tax rate. But even without that it ain't 50%.
The payroll tax (FICA, Medicare) rate will be 7.65% assuming the "holiday" is not extended. See, they failed to note that they include the employer's share in the figure they provide.edit on 12/29/2012 by Phage because: (no reason given)
Let's not forget tax at the till.
I pay 30% on income and then 15% on every other dollar I spend with what remains. HST in Canada is a bitch.
Peace
Originally posted by Raxoxane
We don't have it great in South Africa either-my husband is taxed 35% on his actual salary,we pay 14% vat on just about every single consumer item except bread and milk-and the price of gas here is 11 ZAR per LITRE.Our taxes buy us the type of state hospital where a 16yr old girl died from meningitis the other day because she was left without treatment for 4hours while her life drained away.So we pay over 7k ZAR a month for private medical insurance-here,if you want to try and keep your children alive,at least more protected from preventable,avoidable death in a medical emergency,you have No choice whatso ever.That does'nt leave much to actually live on.Im not saying you have it good in America,not the way things are going lately,but food,2nd hand automobiles,clothing(regular,not designer) etc.is still a helluva lot cheaper than in many many other countries.Guns are still easy to buy,and likely cost a fraction of the price it would be here.
When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars.
Staggering as it is, that figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the U.S. Treasury and ignores more imposing costs yet to come, according to a study released on Wednesday.
The final bill will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project "Costs of War" by Brown University's Watson Institute for International Studies.
In the 10 years since U.S. troops went into Afghanistan to root out the al Qaeda leaders behind the September 11, 2001, attacks, spending on the conflicts totaled $2.3 trillion to $2.7 trillion.
Those numbers will continue to soar when considering often overlooked costs such as long-term obligations to wounded veterans and projected war spending from 2012 through 2020. The estimates do not include at least $1 trillion more in interest payments coming due and many billions more in expenses that cannot be counted, according to the study.
The White House says the total amount appropriated for war-related activities of the Department of Defense, intelligence and State Department since 2001 is about $1.3 trillion, and that would rise to nearly $1.4 trillion in 2012.
Researchers with the Watson Institute say that type of accounting is common but too narrow to measure the real costs.
In human terms, 224,000 to 258,000 people have died directly from warfare, including 125,000 civilians in Iraq. Many more have died indirectly, from the loss of clean drinking water, healthcare, and nutrition. An additional 365,000 have been wounded and 7.8 million people -- equal to the combined population of Connecticut and Kentucky -- have been displaced.
Originally posted by jude11
It all goes towards the over bloated Govt. including Military to conquer the World which will be a lost cause in time. Quite simply, your money will be used to kill innocent civilians in far away Countries that no one ever hears of and therefore, don't care.
Originally posted by METACOMET
Taxation with representation ain't so hot either.
Originally posted by GregJ
The money go to :
1.Military (99.97%)
2.Education (0.02%)
3.Infrastructure (0.01%)
4.People (0%)
Just my assumption..LOL..
Originally posted by Ghost375
Originally posted by Jetman44
This is the United States of America...we fought to break away from England and all of the taxes, but here we are being taxed just like the british.
Actually taxes played a very small role in the revolt.