Quote:
Originally Posted by Robbie
But WHY should they be forced to "do more"?
They already pay the lions share of everything. And no...most "normal" people I know get tax refunds.
I'm just saying...what's the point of making this money, if I'm broke at the end of the month because I'm having to put together my quarterly taxes. With the economic collapse plus the way the porn biz is getting slaughtered (my affiliate work that is) my income is 1/2 of what it once was. But my bills are the same. And the tax rate? Still the same! I still make "too much" money according to the govt.
And to make matters worse...like many business owners in all industries...I cut back on all kinds of expenses: anything I didn't 100% need I cut it out, including employees, monthly services, etc, etc
So now I have LESS deductions...lol
It's a lose/lose already for a lot of people.
When Obama was babbling about raising taxes on people making more than $250,000 a year I about shit my pants. I'm doing better than most I suppose...but I can't afford ANY more taxes.
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Why are poor people forced to do less? It's equal in this case... for example: When they cut taxes, if you're poor, you make no extra money, you don't get a tax break on a refund... Those benefits are for us higher income people.
If you're broke at the end of the month after making $250k, then you have money management issues. If you had half the taxes you do now, you would simply spend the money and be in the same situation. Assuming it's true.
A tax refund does not pay all of your taxes back, it's a refund - most people only get part of it back.... It's 22.5k for getting more back than you put in, and YOU also get it back for that equal amount too, but you also pay more because of the over amount, so your "refund" gets sucked up into the mix of owed taxes.
I agree... $250k is not rich, it's nice money, but not rich... that's how you know he's blowing smoke up our asses. Even if me, you, and everyone making under 1 million a year, paid 50% gross tax, we still wouldn't cover the tax burden. It's not enough money, the super rich simply have that much of it, that's how much f'in money they have over "everyone" here.