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First recorded activity by BoatBanter: May 2011
Posts: 1,786
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Charlie Cook Sees GOP Winning Big in 2012
On Nov 23, 1:01*am, wrote:
On Tue, 22 Nov 2011 21:38:19 -0700, Canuck57
wrote:
On 22/11/2011 7:59 PM, wrote:
On Tue, 22 Nov 2011 18:33:45 -0800 (PST), North Star
*wrote:
On Nov 22, 9:18 pm, wrote:
On Tue, 22 Nov 2011 16:18:32 -0500, *wrote:
On Mon, 21 Nov 2011 23:59:40 -0500, wrote:
On Mon, 21 Nov 2011 17:39:33 -0500, *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?
That is just Federal and Florida doesn't have state income taxes.
I did run the same $100,000 against the Ontario tax web site
calculator and it was scary.
There is a "payroll" tax on wages but Obama cut that to about 5%.
(plus the employer side of 7%.)
Want to get real scary, use the link below. *It includes some hidden
taxes....and both provincial and federal taxes as Canadian provinces tax
more than US states do. *A more accurate view.
http://www.fraserinstitute.org/tools...alculator.aspx
Yes if you run that same $100,000 I get this
Province * * * *Tax Bill * * * *Tax
Newfoundland * *$45,594
P.E.I * $41,663
Nova Scotia * * $45,257
New Brunswick * $42,472
Quebec *$46,304
Ontario $43,629
Manitoba * * * *$43,166
Saskatchewan * *$43,169
Alberta $37,484
British Columbia * * * *$44,244
That "free" health care sure isn't.
Even if you bought a $15,000 "Cadillac" health plan you would still be
$15,000 ahead of the game
The same is true if you ran it on the $60,000
but would only have about 5 grand left over.
Newfoundland * *$27,227
P.E.I * $23,556
Nova Scotia * * $25,249
New Brunswick * $23,661
Quebec *$25,824
Ontario $24,480
Manitoba * * * *$24,400
Saskatchewan * *$24,281
Alberta $21,259
British Columbia * * * *$25,040
Imagine how low our taxes could be if we were not the world's
policeman, spending $800 billion a year on the DoD.
Maybe we should just charge Western Europe, Canada, Israel, Korea *and
Japan "protection" money.- Hide quoted text -
- Show quoted text -
Just who do you protect us from?
Our most dangerous opponent is a Republican led US gov't.
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