Damn taxes...

[Japher]

Speers: I like to think of it as; I work until about mid-May for the government, the rest of the year is all mine...

[Sava]

sorry my posts are hard to read... they didn't cut and past too well... I'll make a few charts and get back to this thread.

[Imran Siddiqui]

you can thank 12 years of Reagan and Bush for the higher taxes you are paying.

Um... seeing how the payroll tax didn't really change too much in the Reagan years, that's quite a dubious claim to make . Oh, but it's Sava.

[Sava]

Um... seeing how the payroll tax didn't really change too much in the Reagan years, that's quite a dubious claim to make

Are you starting to beleive your own BS?

From 1980 - 1990 (according to the 1992 Green Book, Congressional Budget Office)

Income Level ------ 1980 Tax Rate ----- 1989 Tax Rate

Poorest 20% ------ 8.1% ------------- 9.3% -----15.0% increase
2nd Lowest 20% ---- 15.6% ----------- 15.7% ---- 0.6% increase
Middle 20% -------- 19.8 % ------------ 19.4% ---- 2.0% decrease
2nd highest 20% ---- 22.9% ----------- 22.0% ---- 7.6% decrease
Richest 20% -------- 27.6% ------------ 25.5% ---- 7.6% decrease
Richest 1% --------- 31.9% ------------ 26.2% ---- 15.0% DECREASE

The richest 1% received (on average) a tax cut of $32,864... an amount which is greater than the average income of the poorest 60% of America.

Didn't change that much indeed. Once again the facts aren't on your side Imran.

[Q Classic]

hey, albert, filling out the form's easy. odds are you won't make enough to force you to fill out a 1040, so you can get by filing a 1040ez. one page, simple as that.

you can also find numerous free tax filing places on the irs website.

and a lot of wealthier people don't always realize that it's the poor who are more often crippled by the tax burden, no matter how small it is. you have to pay taxes, and you have to pay living expenses. you can't always do both on a small budget.

[rah]

Crap, last year I forked over 40K to the Feds. I'm not even going to go into all the other taxing authorities.

That didn't even cover a single smart bomb dropped on Iraq. Seems kind of silly.

[Sava]

I'm not even going to go into all the other taxing authorities.

That's a good point. My federal tax figures don't even account the increases that state and local governments made in order to compensate for the lack of federal funds they received due to cuts.

[Imran Siddiqui]

From 1980 - 1990 (according to the 1992 Green Book, Congressional Budget Office)

Income Level ------ 1980 Tax Rate ----- 1989 Tax Rate

Poorest 20% ------ 8.1% ------------- 9.3% -----15.0% increase
2nd Lowest 20% ---- 15.6% ----------- 15.7% ---- 0.6% increase
Middle 20% -------- 19.8 % ------------ 19.4% ---- 2.0% decrease
2nd highest 20% ---- 22.9% ----------- 22.0% ---- 7.6% decrease
Richest 20% -------- 27.6% ------------ 25.5% ---- 7.6% decrease
Richest 1% --------- 31.9% ------------ 26.2% ---- 15.0% DECREASE

The richest 1% received (on average) a tax cut of $32,864... an amount which is greater than the average income of the poorest 60% of America.

How does that even come close to refuting my point that payroll taxes didn't change that much?

[Sava]

How does that even come close to refuting my point that payroll taxes didn't change that much?

That's a silly subjective statement. I could easily make a statement... "technology hasn't changed that much since 4,000 BC"... I guess you are learning to play with language and manipulate facts just like your Republican idols.

[Imran Siddiqui]

I'm sorry but increasing the amount of tax you have to pay by 1% is hardly an Earth shaking change.

If the some has to pay 19% instead of 20% is that much of a difference at all? In real money, to the rich, maybe, but in terms of percent of money taken out? Hardly.

If Speer makes $100 a week (which will probably be the case), instead of $8, $9 are taking out. Wow... such a big change. You can argue that it is a bad precedent to set, but you can't argue that it was that significant a change.

And btw, someone had to get the payroll tax that high to begin with... after all, it didn't start in 1980 .

[Berzerker]

Sava Your numbers don't account for the fact that in past decades - the 40's through the 70's - those higher tax rates for the rich also had generous deductions which have been eliminated over the last 20 years. So those numbers don't reflect actual taxes paid by anyone, especially people who used to have extensive deductions...

[Japher]

I like what Rob Black says: I don't mind paying more taxes because it means I'm making more money...

[Berzerker]

Oh yeah, I may be wrong, but I understand payroll taxes have really climbed over the last 20-25 years. It wasn't all that long ago that the payroll tax was something like 3 or 4 percent total, now it's over 15. And we know who to primarily thank for that - the Dems and their morally and fiscally bankrupt SS system.

[KrazyHorse]

Isn't Speer going to uni in september and getting some sort of public assistance?

[Al B. Sure!]

KH:

yes i will be attending temple and am getting a scholarship. before it was only half but now that they know i'm going there, they've increased the scholarship to almost everything. i actually don't think i'm getting any public assistance cause i wasn't able to claim independent status (and my mother refused to supply tax forms so i can't say as a dependent, i'm too poor [even though, even if she provided for me, i'd still be able to get public assistance])... so the point is, i should get public assistance but i can't prove my independence or my dependence and my mother's income so i won't get none.