On 21/07/2010 7:01 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:05:16 -0400, wrote:
On Wed, 21 Jul 2010 18:18:40 -0400, wrote:
let's see....there are 115,000,000 working americans. about 80% make
less than 100K.
looks good to me.
Most of those people are not "middle class". Half of them don't even
make enough money to pay income tax.
ah yes, the right wing mantra...they dont pay 'income' taxes....so
they're worthless
Where do you get these things?
let's see...capital gains is 15%
then they get to write off their losses. deduct business
expenses...yadda yadda...
I simply pointed half of the people you are lumping into the middle
class are not making enough to pay income taxes so they are hardly
middle class.
?? what makes you think not paying income taxes means you're not
middle class?
I am probably a big exception to the rule, as generally for 98% of the
people gfretwell is absolutely correct.
But in my case, 66% of the cash is tax paid, so in retirement my
realized income is going to be low. This is by design as I get big tax
deferements putting it in, then can draw it out low and slow at a lower
tax bracket. It is called advanced financial planning.
Hey, if I can save $1000 in taxes for 10 hours of work, that is $100/hr
net!!
--
Government has liberals, idealists and lawyers, but where is the common
sense?