How would raising taxes affect you and our economy?

[beenthere]

then why was 25.92% of my income taken out for taxes?

Most of that is SS, state and federal withholding. And most of it we be refunded to you, except the FICA (SS Medicare) The federal government and state takes it out of your check weekly or bi-weekly and holds it until you file for a return. In essence, they use your money (interest free) until you get most of it back in a refund.

I'm guessing payroll, State and local tax are folded into the number. Adding property and sales tax would be in questionable taste imo. cn

No property or sales tax are taken from wages, if they figure out a way to do it, they will in the future.

 

[UncleBuck]

Most of that is SS, state and federal withholding. And most of it we be refunded to you, except the FICA (SS Medicare) The federal government and state takes it out of your check weekly or bi-weekly and holds it until you file for a return. In essence, they use your money (interest free) until you get most of it back in a refund.

the guy making $22k (this guy) didn't get much of the $2,537.09 he paid in. about $800 or so, plus another $300 or $400 from the state.

and they hold the money interest free? ya mean, that's how they make more money? ya don't say!

 

[UncleBuck]

i'm so glad beenthere is here to give us such amazing insight into how taxes work. gosh, i think we would ALL be lost without this junior detective on the case.

 

[beenthere]

i'm so glad beenthere is here to give us such amazing insight into how taxes work. gosh, i think we would ALL be lost without this junior detective on the case.

Why thanks Bucky!

And to think, all this time you were calling me the idiot, hell, I'm not a detective, I just don't run my mouth about stuff I have no fucking clue about.
Personally, I could care less how much money you make or how much you pay in taxes. But when you get on a public forum and degrade others because you claim they pay less than you, I'll point your mistake out and call you on your BS.

As it turns out, Mitt Romney pays about three times the rate you do, so what's all your bitching about?

BTW, you were real lost bro, real lost! LOL

 

[beenthere]

gross pay: $21,990.83 (only taxable income, health insurance and other goodies like 401k w/match were untaxed)

total taxes paid: $5,701.69

maybe i'm just stupid.

the guy making $22k (this guy) didn't get much of the $2,537.09 he paid in. about $800 or so, plus another $300 or $400 from the state.

and they hold the money interest free? ya mean, that's how they make more money? ya don't say!

So which figure did they withhold Bucky, $5,701.69 or $2,537.09
Did I bust you lying again Bucky, damn if you don't remind of of our president, did you learn this from Obama? LOL

 

[ginjawarrior]

 

[ginjawarrior]

hmm several pages too late (thats what you get from postingwithout looking at page number

 

[UncleBuck]

Why thanks Bucky!

And to think, all this time you were calling me the idiot, hell, I'm not a detective, I just don't run my mouth about stuff I have no fucking clue about.
Personally, I could care less how much money you make or how much you pay in taxes. But when you get on a public forum and degrade others because you claim they pay less than you, I'll point your mistake out and call you on your BS.

As it turns out, Mitt Romney pays about three times the rate you do, so what's all your bitching about?

BTW, you were real lost bro, real lost! LOL

25.92 x 3 does not equal 13.

 

[UncleBuck]

So which figure did they withhold Bucky, $5,701.69 or $2,537.09
Did I bust you lying again Bucky, damn if you don't remind of of our president, did you learn this from Obama? LOL

total taxes withheld = $5701.69 out of $21,990.83 earned.

 

[beenthere]

total taxes withheld = $5701.69 out of $21,990.83 earned.

So where did you get the figures below, $2,537.09 is pretty far off of $5701.69 LOL

the guy making $22k (this guy) didn't get much of the $2,537.09 he paid in. about $800 or so, plus another $300 or $400 from the state.

and they hold the money interest free? ya mean, that's how they make more money? ya don't say!

 

[canndo]

"Government expands even when those expansions are not funded"

Is that a fact? So are you saying that an increase in tax revenue automatically becomes discretionary outlays and are signed as appropriation bills? Get real, if that were the case, we wouldn't have an annual budget, and need a budget committee, or congress for that matter?

With your logic, it would be impossible to ever pay down the national debt! LOL

Laugh all you want, and then show us all where we have consistantly run a surplus, you know, the surplus that is needed to pay down the debt? You know, the money Bush said was ours and should be given back? Your arguments always seem to be reversed. It is a fact, when Repubs are in office, they spend and borrow, when dems are in office they spend (usually less btw) and tax. Now, you tell me which is the more fiscaly prudent action.

 

[haight]

is beenthere really too much of a whiney pussy to answer who benefits from trickle down?

because what he calls 'raising taxes' is what i call 'getting rid of the mistake that is trickle down'.

watch as he avoids answering this question yet again.

The economy benefits from "trickle down".

 

[UncleBuck]

The economy benefits from "trickle down".

"the economy" includes everyone.

perhaps i should rephrase the question then: which participants in the economy have benefited the most from trickle down, and who has benefited far, far less?

 

[haight]

then why was 25.92% of my income taken out for taxes?

Maybe you're having too much withheld or you're including state, local and FICA taxes. If so you're being intellectually dishonest.

 

[haight]

my rent went up $50 last year because we voted in a property tax (about $344 an acre) to help fund schools. landlord isn't gonna pay that so he passes it on. throw another $600 in taxes i pay every year. gas taxes? why not include them. no sales tax here, luckily for me.

hell, why shouldn't we include all those taxes? righties like beenqueer always love to loathe them when they go to their taxed enough already parties.

Sure, it supports your arguement. Not accurate of course when discussing federal taxes. So why not switch to ad hominen attacks too? Oh, you did.

 

[beenthere]

Laugh all you want, and then show us all where we have consistantly run a surplus, you know, the surplus that is needed to pay down the debt? You know, the money Bush said was ours and should be given back? Your arguments always seem to be reversed. It is a fact, when Repubs are in office, they spend and borrow, when dems are in office they spend (usually less btw) and tax. Now, you tell me which is the more fiscaly prudent action.

The money Bush said was ours and was to be paid back went to more entitlements, besides it's out of Bush's hands now, Barack Obama is the president, he will decide whether we get that money paid back or not, are ya holding your breath on that one? LOL

Silly lib, how can we have a surplus to pay down the debt when we spend more than we take in, are you for real?
We need to cut spending and trim the budget, how about a balanced budget amendment to force these knuckleheads to quit spending money that we don't have!

As it stands today, we pay over $225billion a year in the interest on our debt, if we did what Obama and the democrats want and just tax the rich, that will bring in between $60-$80billion annually, and that's just the interest! Our budget deficit is 1.3Trillion per year, or $1,300billion.
$1,300billion - $80billion in more tax revenue from the rich, still leaves a $1,220billion annual deficit, got any other brilliant plans?

 

[UncleBuck]

Maybe you're having too much withheld or you're including state, local and FICA taxes. If so you're being intellectually dishonest.

so, where it says "social security tax" and "medicare tax", i am being dishonest by saying i was taxed?

brool story, co.

 

[Johnny Retro]

This argument is very questionable. Buck doesn't even work anymore. All he does is "grow and sell pretty flowers" according to him. Sometimes he claims hes a treadmill salesman, which obviously isn't doing to well if hes making 22k a year. But then he goes and makes fun of some guy in another thread for failing at running his own business because he works everyday of the week.

I am coming to the conclusion he has some sort of bi-polar in him. Either that, or he's just a compulsive liar who will say anything to back up his argument.

 

[beenthere]

so, where it says "social security tax" and "medicare tax", i am being dishonest by saying i was taxed?

brool story, co.

No, not at all, just ignorant.
Almost everyone calls them taxes. But when you tell everyone you pay more federal income taxes than Mitt Romney, you're just short on the facts. Contributions to Social security, medicare, and state withholding's, are not federal income taxes.

 

[beenthere]

This argument is very questionable. Buck doesn't even work anymore. All he does is "grow and sell pretty flowers" according to him. Sometimes he claims hes a treadmill salesman, which obviously isn't doing to well if hes making 22k a year. But then he goes and makes fun of some guy in another thread for failing at running his own business because he works everyday of the week.

I am coming to the conclusion he has some sort of bi-polar in him. Either that, or he's just a compulsive liar who will say anything to back up his argument.

I think we can all rule out bipolar! LMAO