On 11/22/11 9:33 PM, 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?


It's just federal income tax. There's more to it than that, of course.
Federal tax rates in the USA are lower than in other western countries
but, of course, we don't get the benefits other countries have, such as
national health insurance.