$447 bil - Page 11

Homeslice · 09-20-2011, 04:45 PM

Quote:

Originally Posted by fatbuckRTO

To answer this question, even though you clearly haven't put nearly enough hard work or determination into deserving an answer, let's look at the budget of just the DoD for this year (not including the wars).

$680 billion. In order for the approximately 313 million people in the US to pay this $680 billion tab, we would all have to contribute $2,172. Now, let's go get that money from a friend of mine,* who has been a roughneck most of his adult life, and started working when he was 15. He has paid into social security, paid his taxes, and worked in rain, sleet, snow, and blistering heat for sometimes 60 hours or more a week. Now he has epilepsy, which had been getting worse over a period of 10 years during which he was still roughnecking. He is finally to a point where his epilepsy is a safety hazard. The state of New Mexico has revoked his driver's license, but refused to pay him social security disability (which, remember, he has paid into all his working life, at this point a little over 15 years). He is forbidden from working as a roughneck by doctors' orders. He's providing for his family of five through the kindness of his extended family and his church.

You want to ask him for that $2,172?

For the thousands like him, and those who are even worse off, who picks up the slack? And that's just for the DoD's bills, not including the wars.

*Actual case file, I can introduce him to you if you'd like.

Papa_Complex · 09-20-2011, 06:12 PM

Quote:

Originally Posted by shmike

You guys keep changing my numbers.

In your $1M to $250k example, where did the extra $750k go?

Tax options, investments, any number of ways that income can currently be 'legally hidden.'

Quote:

Originally Posted by RACER X

don't ya think somebody paying $62k a yr in taxes is paying enough? while many are paying $0 or even profiting off of taxes.

<crickets>

No.

And I stepped on the crickets.

Quote:

Originally Posted by fatbuckRTO

I'm not sure why the differences in percentages. Ed was working with 25%, PC with 33%.

I presumed that Ed was stating tax on capital gains, while I was stating 33% income tax. At least that's what it was, for the top tax bracket, last year.

shmike · 09-20-2011, 07:27 PM

Quote:

Originally Posted by fatbuckRTO

In PC's hypothetical, the CEO made $1 million but only claimed $250K on his taxes. He didn't claim that extra $750K and didn't pay the taxes on it. So he paid $62,500 (25% of $250K) vice $330,000 (33% of $1 million).

I'm not sure why the differences in percentages. Ed was working with 25%, PC with 33%.

Quote:

Originally Posted by Papa_Complex

Tax options, investments, any number of ways that income can currently be 'legally hidden.'

No.

And I stepped on the crickets.

I presumed that Ed was stating tax on capital gains, while I was stating 33% income tax. At least that's what it was, for the top tax bracket, last year.

No, tell me where the money went.

You guys are great at making up theoretical examples of ways to hide 3/4 of a million dollars.

Give me example of these "numbers of ways" to not pay taxes.

Based on the drivel above, I'm fairly certain you can't give me real life case studies.

RACER X · 09-20-2011, 08:56 PM

Quote:

Originally Posted by Papa_Complex

No.

Wow really, I believe it's really alot when you have people in this country and maybe yours that don't pay a dime and generally use more social services.

So how is Canada's tax set up everybody pay a set %or ?

RACER X · 09-20-2011, 11:20 AM

"pay for the privilage to be rich" wow, so besides hard work and determination you also have to pay to be rich.

Papa_Complex · 09-20-2011, 11:23 AM

Quote:

Originally Posted by RACER X

"pay for the privilage to be rich" wow, so besides hard work and determination you also have to pay to be rich.

I think that the answer was quite different, to what you've said here. It was, "Pay back to support the system, that permitted you to become rich in the first place."

Your answer implies a mentality, that leaves far too many women unsatisfied; "I got mine. You get yours."

RACER X · 09-20-2011, 12:49 PM

we gots millions of people paying $0 in taxes or even getting huge returns w/o paying a dime into the system, why not delve into their numbers?

fatbuckRTO · 09-20-2011, 01:07 PM

Quote:

Originally Posted by RACER X

we gots millions of people paying $0 in taxes or even getting huge returns w/o paying a dime into the system, why not delve into their numbers?

As I've said, I have no problem cutting off the tax credits for people who effectively aren't paying any taxes. Get your refund, or fix your deductions so you're not paying, and that's it. But I think you're exagerating when you say "huge returns." EIC, for instance, was around $300 last I checked, $600 if you have dependents.

As far as "delving into their numbers" any further, well, if the examples I've given aren't enough for you to justify not taxing them, you're gonna have to find your own poor people. Shouldn't be hard these days.

pauldun170 · 09-20-2011, 05:56 PM

http://news.yahoo.com/blogs/ticket/r...153305241.html

goof2 · 09-20-2011, 07:39 PM

Quote:

Originally Posted by pauldun170

http://news.yahoo.com/blogs/ticket/r...153305241.html

I can't say I'm a fan of the trend that people have to get sheepish about how much they make. Fleming's answer should have been closer to "Actually Chris I make closer to $X and if you work hard maybe you can too." or the one I prefer "Yes Chris, I make a lot of money and if you don't like it you can stick it right up your ass sideways".

On the whole "rich people don't pay taxes" thing, this AP article goes in to that a bit. While it does say that some people with incomes over $1 million didn't pay income tax in 2009, that group made up less than 1% of people with incomes that high. It also doesn't state why they can do that. My guess is those people lost their asses in the market in 08 and are writing off the losses. It also says that group averages a tax rate of just over 29%.

http://news.yahoo.com/fact-check-ric...070642868.html

09-20-2011, 11:20 AM	#5
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	"pay for the privilage to be rich" wow, so besides hard work and determination you also have to pay to be rich. __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

09-20-2011, 12:49 PM	#7
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	we gots millions of people paying $0 in taxes or even getting huge returns w/o paying a dime into the system, why not delve into their numbers? __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.