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-   -   For those who think poor people don't pay their share in taxes, you are severely misinformed. (https://gfy.com/showthread.php?t=1043321)

baddog 10-27-2011 09:01 AM

Quote:

Originally Posted by cykoe6 (Post 18518055)
You really must not understand payroll taxes. They are not refunded.

Really? Since when? I got a refund in 1966 and I was still getting them in 2010 (yeah, my corp pays me a wage).

adultchatpay 10-27-2011 09:05 AM

Quote:

Originally Posted by hateman (Post 18517921)
poor people should be euthanized

That makes the world boring i tell you.

Vendzilla 10-27-2011 09:10 AM

Just proof that the government has too many things they get taxes for

stocktrader23 10-27-2011 09:27 AM

Quote:

Originally Posted by pornguy (Post 18518997)
What about the poor that only take and are NOT wage earners.

I guess we just shoot them all in the head! No other country has a % that is more of a burden on the system than they produce, that is a truly American thing. :error

magicmike 10-27-2011 09:32 AM

People argue all day about these tax rates, but lets face it, everyone one of us on here wants to be in that highest taxed bracket.

Compare the top 1%, then the bottom 50%, your just agruing about money that doesn't make a difference in one life, compared to basics for survival, food, shelter, water etc..

Sure some of those in the 50% have made poor decisions, or may be addicted, but a lot of them are hard working people.

So sure the poor may have it "easy" according to some of you, but the fact remains the system isn't going to work some magical third way, people need to get by, those that can't figure out the system often turn against it to a life of crime, so what is better, tax the poor further so they are poorer and more desperate?

The numbers for the middle to even the top 5% sure debate those, but the top 1% have it made either way.

So where do you get the tax $ from. ? Seems pretty obvious.

12clicks 10-27-2011 09:39 AM

Quote:

Originally Posted by TheDoc (Post 18519007)
I truly hope you're trying to troll and not actually being stupid on this....


http://www.dailykos.com/story/2011/0...rprise-to-them

Btw, this is from the CBPP... Edit: typed wrong letters

http://images2.dailykos.com/i/user/6/5-26-11tax-f2.jpg
http://images2.dailykos.com/i/user/6/5-26-11tax-f3.jpg

any idiot can post a couple of charts for a couple of specific taxes but son, if you look at mine, it includes ALL taxes.

nice troll though.

12clicks 10-27-2011 09:42 AM

Quote:

Originally Posted by magicmike (Post 18519148)
People argue all day about these tax rates, but lets face it, everyone one of us on here wants to be in that highest taxed bracket.

Compare the top 1%, then the bottom 50%, your just agruing about money that doesn't make a difference in one life, compared to basics for survival, food, shelter, water etc..

Sure some of those in the 50% have made poor decisions, or may be addicted, but a lot of them are hard working people.

So sure the poor may have it "easy" according to some of you, but the fact remains the system isn't going to work some magical third way, people need to get by, those that can't figure out the system often turn against it to a life of crime, so what is better, tax the poor further so they are poorer and more desperate?

The numbers for the middle to even the top 5% sure debate those, but the top 1% have it made either way.

So where do you get the tax $ from. ? Seems pretty obvious.

what's obvious is that we have 50% of the population paying no income tax and voting for every democrat who promises them their handout at the expense of someone else.
That needs to stop if we're ever going to get ridiculous governmental spending under control.
you can't have people who don't contribute voting on what should be spent.

TheDoc 10-27-2011 09:47 AM

Quote:

Originally Posted by 12clicks (Post 18519170)
any idiot can post a couple of charts for a couple of specific taxes but son, if you look at mine, it includes ALL taxes.

nice troll though.

Well if you ever actually quoted your full articles you would learn more:

http://www.washingtonpost.com/blogs/...d0iK_blog.html

However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.

In short, your numbers are bullshit... just to "skew" a point.

Anyway, please continue to confuse: Total tax percentage paid vs. Tax as a percentage of income - watching you dance is pure entertainment.

12clicks 10-27-2011 09:58 AM

Quote:

Originally Posted by TheDoc (Post 18519191)
Well if you ever actually quoted your full articles you would learn more:

http://www.washingtonpost.com/blogs/...d0iK_blog.html

However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.

In short, your numbers are bullshit... just to "skew" a point.

silly kid. here's the whole paragraph that you cherry picked a sentence from to seem right.. They're clearly including the payroll and SS calculation in the chart.
nice troll though.
However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.

Thus, the top one percent pay an effective rate of 1.6 percent on social insurance taxes, compared to an effective rate of about 9 percent for most other income groups. (The data are further distorted by the fact that some wealthy individuals, such as lawyers, are paid through corporate structures, so their taxes are listed as corporate income taxes.)

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO


Quote:

Originally Posted by TheDoc (Post 18519191)
Anyway, please continue to confuse: Total tax percentage paid vs. Tax as a percentage of income - watching you dance is pure entertainment.

someone didn't learn the meaning of "effective tax rate" in troll school.

TheDoc 10-27-2011 10:24 AM

Quote:

Originally Posted by 12clicks (Post 18519221)
silly kid. here's the whole paragraph that you cherry picked a sentence from to seem right.. They're clearly including the payroll and SS calculation in the chart.
nice troll though.
However, these numbers do not include payroll taxes. Social Security tax is no longer collected once a person makes more than $106,800, so the share of such taxes declines quickly for wealthier groups.

Thus, the top one percent pay an effective rate of 1.6 percent on social insurance taxes, compared to an effective rate of about 9 percent for most other income groups. (The data are further distorted by the fact that some wealthy individuals, such as lawyers, are paid through corporate structures, so their taxes are listed as corporate income taxes.)

When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here’s the effective tax rate for all of the groups, according to the CBO

lol, thanks for proving I did quote the entire paragraph. :1orglaugh


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.

12clicks 10-27-2011 10:35 AM

Quote:

Originally Posted by TheDoc (Post 18519274)
lol, thanks for proving I did quote the entire paragraph. :1orglaugh


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.

:1orglaugh
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 (Post 18519318)
:1orglaugh
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. :1orglaugh


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