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

But economic freedom is where it is at:

http://www.fraserinstitute.org/uploa...erica-2011.pdf

65% of Canada has none to low (red). No mistake why I live in Alberta.

Coincidentally or not, the red provinces are also the largest,
liberal-socialist types.
--
All successful people have one thing in common, if even for a moment
they think rationally. They talk about ascent of Canada, but is it
pretty much the west.