For those who think poor people don't pay their share in taxes, you are severely misinformed. - Page 2 - GoFuckYourself.com

12clicks · 10-27-2011, 10:35 AM

Quote:

Originally Posted by TheDoc

lol, thanks for proving I did quote the entire paragraph.

And btw, effective tax rate = total share of taxes paid as a percentage - or the rate of it really, which is exactly what I've been saying. Adding up the total money spent on taxes is how they came up with this number.

Which is vastly different than taxes as a percentage of income. If a person each month is left with $100, then gas tax as a percentage of income is going to hit them MUCH harder and larger than a person with millions.

That's what taxes as a percentage of income means, it's not really possible to confuse the two.

no wonder you're on the bottom rung.
if you had a friend, they'd whisper in your ear to stop embarrassing yourself by typing.

Barry-xlovecam · 10-27-2011, 10:49 AM

Most people that have any large earnings take them as capital gains. A 15% maximum
rate on long term capital gains and not subject to FICA or other federal payroll taxes (1 year or more; distributed earnings, dividends, stock options, stock sales, bond sales and other financial instrument sales).

Nice tax charts for Dummies ...

TheDoc · 10-27-2011, 10:59 AM

Quote:

Originally Posted by 12clicks

no wonder you're on the bottom rung.
if you had a friend, they'd whisper in your ear to stop embarrassing yourself by typing.

Weeeeeee.... and back to your default, backed in the corner, response.

10-27-2011, 10:49 AM	#52
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Most people that have any large earnings take them as capital gains. A 15% maximum rate on long term capital gains and not subject to FICA or other federal payroll taxes (1 year or more; distributed earnings, dividends, stock options, stock sales, bond sales and other financial instrument sales). *Nice tax charts for Dummies ...*