How the tax system works Options

[Melanie]

aww blaarg I love you honey. This forum will just give you headaches. So don't worry.

[Melanie]

I get a migraine every time I read anything Melanie says about politics

So don't read what I have to say? I get the same when I read conservative stuff.

[nickluto]

Never understood why it takes a layman's story for people to understand that rich people pay the most taxes, and therefore benefit the most from tax breaks.

Haha. This reminds me of how Al Gore showed the "laymen" how global warming works by having Matt Groening write a Simpson's short of how global warming works by having Ralph Wiggam "Awwww" when his ice cream melted...and then showed the "true science" behind it with a graph (with no labels on either axes) showing a red line with an upwardly progressing trend and labeling it "GLOBAL TEMPERATURE!"

[nickluto]

Also, as an aside, FDR, during the Great Depression, in effect levied an income tax on only one man, John D. Rockefeller, for 51% of his income (because he set his tax bracket such that he was the only one in it).

[Dogmeat]

Also, as an aside, FDR, during the Great Depression, in effect levied an income tax on only one man, John D. Rockefeller, for 51% of his income (because he set his tax bracket such that he was the only one in it).

Well, when you control %10 of the US economy I guess ol uncle sam gets his panties in a bunch

shame, Rockerfeller was a good man.

[Oasis]

So don't read what I have to say? I get the same when I read conservative stuff.

Its either read what you have to say or stare at your avatar. I choose the lesser of two evils

[Melanie]

hey, I am liking my avatar!

[Dogmeat]

hillary clinton needs to do senior porn

[Spectatrix]

Haha. This reminds me of how Al Gore showed the "laymen" how global warming works by having Matt Groening write a Simpson's short of how global warming works by having Ralph Wiggam "Awwww" when his ice cream melted...and then showed the "true science" behind it with a graph (with no labels on either axes) showing a red line with an upwardly progressing trend and labeling it "GLOBAL TEMPERATURE!"

!!!

That was NOT Simpsons and it was not written for An Inconvenient Truth. It came straight out of Futurama episode "Crimes of the Hot", #408, which featured the Planet Express crew being dispatched to Haley's Comet to get the ice to drop in the ocean! But there's no ice left, so Bender and other robots fix the problem by blasting their exhaust all in the same direction and moving the earth a little bit further out in orbit.

[Testm0nkey]

"Yeah they pay a higher percentage. Just look at the tax table. Not to mention people who make millions have tons of other taxes (capital gains, big taxes on interest earned, etc). Yeah someone who made $750,000 probably won't pay all that much higher of a % than someone who made $500,000, but will definitely pay a higher % over someone who made $50,000"



- but in the end it doesnt matter. because 50,000 in taxes to a person with 750,000 doesnt mean a whole lot but a 500-1,000 to someone in poverty or who is struggling with a family means everything. its not who pays the most taxes, its how much does that tax affect their total worth. duh

and if you guys werent aware there were tax breaks for wealthy people as well. not counting any of the business ones, wealthy people are able to donate to causes, support causes and charity is a GREAT tax write off.

i didnt read anything in this thread about rich people just being trust fund babies and not working hard except for dogmeat so i dont know where that came from. whether the money was handed to them or they worked hard for it, paying a higher tax doesnt affect them as much as a poor person

He considers folks who make 70,000 "rich"

... its because they are. its the wrong of society to think otherwise. the whole gotta have this gotta have that gotta have an apartment or a house here that makes living with a 70,000 income seem like "stretching it"

[Dogmeat]

"Yeah they pay a higher percentage. Just look at the tax table. Not to mention people who make millions have tons of other taxes (capital gains, big taxes on interest earned, etc). Yeah someone who made $750,000 probably won't pay all that much higher of a % than someone who made $500,000, but will definitely pay a higher % over someone who made $50,000"
- but in the end it doesnt matter. because 50,000 in taxes to a person with 750,000 doesnt mean a whole lot but a 500-1,000 to someone in poverty or who is struggling with a family means everything. its not who pays the most taxes, its how much does that tax affect their total worth. duh

and if you guys werent aware there were tax breaks for wealthy people as well. not counting any of the business ones, wealthy people are able to donate to causes, support causes and charity is a GREAT tax write off.

i didnt read anything in this thread about rich people just being trust fund babies and not working hard except for dogmeat so i dont know where that came from. whether the money was handed to them or they worked hard for it, paying a higher tax doesnt affect them as much as a poor person
... its because they are. its the wrong of society to think otherwise. the whole gotta have this gotta have that gotta have an apartment or a house here that makes living with a 70,000 income seem like "stretching it"

Cathryn, you are smoking fucking crack if you think somone making $70,000 in this day and age is rich.

That's BARLEY enough to live comfortably and afford a house payment these days.

Christ I'm making that much right now and I have some cool toys, but that's about it, I am _FAR_ from "rich" ....

When when I take into account that the vast majority of people living in "poverty" are habitual drug users, I don't fucking feel sorry for them at all.

And don't EVEN begin to tell me about how 'poor people aren't on drugs' ... that's why they're poor.

I don't think I've ever met somone living below the poverty line who didn't use drugs ....

Sorry, I don't buy the whole $70,000 is rich thing.

40 years ago maybe, but not today.

[Testm0nkey]

where do you come up with this stuff? the vast majority of people in poverty are not drug users. and drug use is not the only thing that makes people poor...

70k is 2.5x higher than the poverty line for a family of four. 70k is higher than the top 77% of household incomes in the united states (which is 48,000)
70k is rich. you can easily afford house payments with that sort of money unless you are a total retard.

again just because you havent seen or experienced something doesnt mean its not out there or thats how a lot of people live. wasnt lubbock the biggest city youve ever lived in???

[Dogmeat]

where do you come up with this stuff? the vast majority of people in poverty are not drug users. and drug use is not the only thing that makes people poor...

70k is 2.5x higher than the poverty line for a family of four. 70k is higher than the top 77% of household incomes in the united states (which is 48,000)
70k is rich. you can easily afford house payments with that sort of money unless you are a total retard.

again just because you havent seen or experienced something doesnt mean its not out there or thats how a lot of people live. wasnt lubbock the biggest city youve ever lived in???

Yeah, and I grew up in a "middle-class ghetto" in fucking Wyoming. I know how poor white people can be.

My family wasn't always making money like we are now ...

The statistics about "how rich" $70,000 is are pure bullshit .... you are not rich making $70,000.

7 years ago this was the same as making $42,000 ....

That is not rich.

What I do know, is that by and large, the vast majority of people making this amount of money are working their asses off for it, they aren't sitting around smoking dope like virtually every single person I've ever met in my life who is taking welfare is.

I've been around poor people enough to know that drugs and poverty go hand in hand, and you apparently have lived a pretty sheltered life if you are so blind you can't see this.

Also, how do you afford a $2,000 mortgage payment when your takehome pay is about $3500 a month ... Yup, you can, that gives you a whopping $1,500 a month left to pay bills, buy food for your family, probably a vehicle payment, AND THEN ... save money?

Damn. You're fucking RICH.

[pebkac]

I don't think I'd call $70k rich... Far from being broke yes, but not rich.

[Dogmeat]

I don't think I'd call $70k rich... Far from being broke yes, but not rich.

I'll be the first to admit I'm not broke, and being single right now, I'm not doing bad at all.

However, if I had to comfortably support a family of 4 right now I would be stretched _VERY_ thin.

I forwent a hosue payment for toys ... that's the only difference between me and somone with a family.

I'm not rich at this level of income by any means and neither is anyone else.

I don't even think people making a quarter mil a year can be considered "rich" ...

I think to "truly" be rich you need to be a multi-millionaire .... seriously.