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 Post subject: Taxes
PostPosted: Wed Apr 20, 2011 7:20 pm  
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Querulous Quidnunc
Joined: Wed May 12, 2010 8:41 am
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As someone who you know, actually pays Taxes...and gets taxed out the ass for everything. This pisses me off.

45% Pay No Federal Income Tax

http://www.drudge.com/news/143360/45-pa ... income-tax

Ironically

43% of Americans think the tax levels are "just right"

http://www.gallup.com/poll/147152/Ameri ... -High.aspx

I can't complain too much though...I only had to send $63 to the federal government this year (on top of what is taken out of my paycheck each month)....oh yeah, but that's because I was able to deduct the thousands upon thousands of dollars I paid in student loan interest...because you know, my family wasn't wealthy enough to pay for my college, but was too wealthy for me to get any federal financial aid.

USA! USA! USA!


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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 7:40 pm  
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Crowbar Enthusiast
Joined: Thu May 13, 2010 3:00 pm
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That number makes a lot of people think the people who aren't paying taxes are somehow cheating or lying to the government.

When tax season comes around I don't write a check to the government, I get a refund check. I don't pay additional money. I still pay taxes because every dollar I earn has a thousand deductions that gets taken out before it comes to me in the form of a paycheck. Just because I get a refund from the withholding I set aside doesn't mean I'm not paying my share. I'm a full time student and earn next to nothing in personal income-- but I'm still part of that "45% not paying income tax."

I'd imagine there are other people on this board that are in a similar situation every April, or at least used to be when they were younger and making shit for income. It doesn't mean you're cheating the government.


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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 7:49 pm  
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Obtuse Oaf
Joined: Sun May 16, 2010 5:46 pm
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Not paying federal income tax isn't the same as not paying taxes. From the source cited by Drudge:

Quote:
About 45 percent of households will owe no federal income tax in 2010, according to our estimates. Half of them earn too little, while the other half -- mostly middle- and lower-income households -- will take advantage of tax credits such as the earned income credit, the child and child-care credits, the American Opportunity and Lifetime Learning credits, which help pay for college, and the saver's credit, which subsidizes retirement saving.

But even citizens who pay no income tax still pay other kinds of taxes. They pay Social Security and Medicare taxes when they work, sales taxes when they buy things and property taxes on their homes. Drivers pay gasoline taxes, and smokers and drinkers pay excise taxes on tobacco and alcohol. According to our research, more than 75 percent of us will pay at least some form of federal tax in 2010.

Those who pay no federal taxes are mostly the low-income elderly or very poor families with children. Even about half of those with annual incomes under $10,000 pay some federal tax, most often payroll taxes on wages.

http://www.taxpolicycenter.org/publications/url.cfm?ID=901335

This isn't to say that all of the deductions are good policy, but as Akiina said it's not the case that people are cheating the system or not paying their share.


Laelia Komi Anomalocaris


Last edited by Laelia on Wed Apr 20, 2011 7:54 pm, edited 1 time in total.
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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 7:53 pm  
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MegaFaggot 5000
Joined: Mon Aug 27, 2007 11:39 pm
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Do I get mad at someone making under $50k for not having to pay federal taxes or do I get mad that GE doesn't pay any federal taxes?

(SPOILER: Its the latter)


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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 8:15 pm  
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French Faggot
Joined: Tue Jun 10, 2008 1:15 pm
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Technically, you should be mad at the policy allowing companies to not pay taxes. They're just taking advantage of something that's there to be taken advantage of because the USA runs on (and fails on) corporate interest.


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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 8:32 pm  
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Obama Zombie
Joined: Fri May 14, 2010 1:48 pm
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I had to write a check this year and I'm fine with that. I'd rather hold onto the money until end-of-year so I can have the interest... because paying taxes on interest is fun, ya know?
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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 10:34 pm  
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Malodorous Moron
Joined: Mon Jun 14, 2010 12:09 am
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edit: theft


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 Post subject: Re: Taxes
PostPosted: Wed Apr 20, 2011 11:47 pm  
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Old Conservative Faggot
Joined: Sat May 15, 2010 12:19 am
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Actually, GE and people like me are both fucking you, you just choose not to let me fucking you over bother you.

It's hard to look at some rich guy and tell him he's not "paying his fair share" when most of what I paid in taxes comes back to me at the end of a fiscal year. Then again, taxes are written for the rich by the rich, and all the loopholes and shit take a lot of the sting away. The way they fuck us all is with embedded taxation, where they tax businesses, who just build the cost of those taxes into the goods and services we all buy. Whenever a politician says "corporations aren't paying their fair share," what they really mean is "you fuckers aren't handing over enough of your loot, so we're going to take more, but hide it from and make you root for us doing it by getting Microsoft and Coke to collect it for us."

Our tax system is a bullshit house of cards full of hidden passageways and trap doors. The fucking shell game needs to stop.

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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 2:50 am  
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Querulous Quidnunc
Joined: Thu May 13, 2010 3:18 pm
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You are never allowed to use the USA chant ironically.


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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 5:36 am  
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Str8 Actin Dude
Joined: Fri May 14, 2010 3:33 pm
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Location: Frederick, Maryland
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Mns wrote:
Do I get mad at someone making under $50k for not having to pay federal taxes or do I get mad that GE doesn't pay any federal taxes?

(SPOILER: Its the latter)



/thumbsup


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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 6:43 am  
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Obama Zombie
Joined: Fri May 14, 2010 1:48 pm
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Jubbergun wrote:
The way they fuck us all is with embedded taxation, where they tax businesses, who just build the cost of those taxes into the goods and services we all buy. Whenever a politician says "corporations aren't paying their fair share," what they really mean is "you fuckers aren't handing over enough of your loot, so we're going to take more, but hide it from and make you root for us doing it by getting Microsoft and Coke to collect it for us."

Like a VAT without the "VAT"...
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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 8:13 am  
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Querulous Quidnunc
Joined: Wed May 12, 2010 8:41 am
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Jubbergun wrote:
Actually, GE and people like me are both fucking you, you just choose not to let me fucking you over bother you.

It's hard to look at some rich guy and tell him he's not "paying his fair share" when most of what I paid in taxes comes back to me at the end of a fiscal year. Then again, taxes are written for the rich by the rich, and all the loopholes and shit take a lot of the sting away. The way they fuck us all is with embedded taxation, where they tax businesses, who just build the cost of those taxes into the goods and services we all buy. Whenever a politician says "corporations aren't paying their fair share," what they really mean is "you fuckers aren't handing over enough of your loot, so we're going to take more, but hide it from and make you root for us doing it by getting Microsoft and Coke to collect it for us."

Our tax system is a bullshit house of cards full of hidden passageways and trap doors. The fucking shell game needs to stop.

Your Pal,
Jubber


Fair points. And for the record, it pisses me off just as much if I'm paying more in taxes than a Billion dollar company like GE...for sure. Huge corporations getting away with paying zero taxes is fucking infuriating.

However, in terms of how Businesses are taxed, the one's that hire people to figure out loop holes I guess are fine...but the one's (like the business I work for and do the books for) that do everything "by the book" end up paying quite a bit in taxes each year. Not to mention, entrepreneurs are taxed absurdly. It's interesting because we are a company that is actually hiring new employees (you know, creating jobs.). Being taxed so much increases our expenses, and therefore prevents us from hiring as many people as we could. In terms of entrepreneurs getting taxed like crazy...it's sort of anti-capitalism/free-market/"American Dream" What I mean is, if you are smart, come up with a great business etc. all of a sudden Uncle Sam can go "oh yeah, we'll take a ton of that extra money you work your ass off for...we're gonna use it on bombs, Social Security, and Medicare (you know, to help a majority of people who aren't working)"

I guess to me, it's just funny how so many people want to solve America's financial problems by taxing the rich even more than they are already taxed.

Put it this way Jubber, if you started a restaurant, and the restaurant became hugely popular and you started making some serious money - you'd start getting taxed out the ass. Then, when people (who may not even be working...or even trying to find work) say things like "raise taxes on the rich, they can afford it" wouldn't it piss you off? Considering you were the one who came up with the great restaurant idea, and worked countless hours to make it happen and be successful?


Azelma

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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 8:42 am  
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Joined: Wed Aug 18, 2010 7:12 am
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The "American Dream" does more to hurt Americans than anything else.


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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 8:46 am  
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Querulous Quidnunc
Joined: Wed May 12, 2010 8:41 am
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Dvergar wrote:
The "American Dream" does more to hurt Americans than anything else.


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Azelma

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 Post subject: Re: Taxes
PostPosted: Thu Apr 21, 2011 8:51 am  
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Obama Zombie
Joined: Fri May 14, 2010 1:48 pm
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I'm curious about why you feel that way, Dve... care to explain further what you mean?
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