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North Star North Star is offline
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First recorded activity by BoatBanter: May 2011
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Default Charlie Cook Sees GOP Winning Big in 2012

On Nov 22, 9:18*pm, wrote:
On Tue, 22 Nov 2011 16:18:32 -0500, bpuharic wrote:
On Mon, 21 Nov 2011 23:59:40 -0500, wrote:


On Mon, 21 Nov 2011 17:39:33 -0500, bpuharic wrote:


not enough. not enough at all. they pay 15%. i pay 28%


Bull****.


If you pay 28% you are one of the 1%.


Two people, no kids, making a combined $100k end up paying about 11%
taking the standard deduction.


not too smart are you? 28% is middle class income:


http://taxes.about.com/od/Federal-In...ates-For-The-2...


•10% on taxable income from $0 to $8,500, plus
•15% on taxable income over $8,500 to $34,500, plus
•25% on taxable income over $34,500 to $83,600, plus
•28% on taxable income over $83,600 to $174,400, plus
•33% on taxable income over $174,400 to $379,150, plus
•35% on taxable income over $379,150.


no wonder you're right wing. you're too stupid to be anything BUT....


Who does your taxes Bob?

Let's start with $100,000 (you can follow along with your 1040 book)
You start out reducing your taxable income by $11400 for the standard
deduction

Then you reduce it by $7300 for 2 exemptions

You have 81300 that you take to the tax table

You get $12, 694 *but you are not done yet

Now you subtract $800 from that for the "make work pay" tax credit

Your tax on $100,000 is $11,894
That is 11.9%, not 28%

That is for someone with no mortgage deduction, no kids no other
deductions.

but don't let facts confuse what Olbermann is telling you.- Hide quoted text -

- Show quoted text -


Good Lord... does that cover both Federal and State income taxes?