On 23/11/2011 5:48 PM, Disgusted wrote:
On 11/23/2011 7:24 PM, bpuharic wrote:
On Tue, 22 Nov 2011 20:18:02 -0500, 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...1-Tax-Year.htm


•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.

cant read a tax table, can you?

doesnt matter what the deductions are. what matters is the marginal
tax rate. and for the middle class it's 28%. the fact the GOP wants to
eliminate the middle class deducations while eliminating ANY taxes for
the rich..AKA capital gains

go ahead...listen to talk radio. cotton candy for right wingers


What matters is what you pay in the end. Call it average or marginal,
what's left after the IRS takes their cut, that's what counts.

Bingo.

When I moved to the US I originally had to buy my own insurance as I was
a consultant not an employee. So I bought it on my own, writing the
check. But when I got into it, I was saving more on taxes at the lower
US tax rate. If I factor in health care as taxes, and consider in
Canada most have supplementary insurance, I was far better off in the
USA on wage/consulting income than in Canada.

Gets better, stuff is cheaper in the USA, less excise and hidden taxes.
No HST/PST, which is 15%. State taxes always seemed to be 4.5 to
5.5%. Gas, entertainment, vacations, cars, booze, services all seemed
cheaper in the USA. Sure had no trouble saving money.

--
All successful people have one thing in common, if even for a moment
they think rationally.