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#1
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Tax Tidbit
The top 1% of US taxpayers paid an average tax rate of 24% in 2009 vs. 34% in 1980.
The bottom 50% of US taxpayers paid an average tax rate of 2% in 2009 vs 6% in 1980.
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1983 M-B 240D-Gone too. 1976 M-B 300D-Departed. "Good" is the worst enemy of "Great". |
#2
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__________________
1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#3
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Add to the above facts that 49% of US households didn't pay Federal taxes at all.
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1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#4
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another way of looking at it, which historically applies to why banks get robbed . . . because that's where the money is.
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The issue of taxes is so convoluted that nobody is sure of what they paid in taxes total so what is the point of any of these numbers? Unless you can trace each and every product from the time it hits the shores till it gets to you (assuming it is imported) or the cost of the item for production, it is worthless. We have so many taxes here and there that it gets added on in ways nobody can calculate. All you can tell me is "I paid $X to the IRS". As such, if I wanted to get elected or re-elected, I lower that tax amount (visible taxes) and raise the other amounts (invisible taxes) and get back the same number and make you happy.
Assume a simple scenario at the supermarket. You must buy eggs, milk, meat and cereal. I lower the egg prices by $1 but raise the milk, meat and cereal by $0.50 each. I get more out of it but I have that huge sign that says $1 off eggs and make you happy.
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State, income and sales taxes should be part of the calculus when making a "the ____ of the population pays ___ of the taxes" statement.
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#7
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But if I paid the some other tax, I pass it down to you when you buy my product. So how does that figure into the equation?
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#8
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Of course the numbers are correct. There should be zero wiggle room for adjusted gross income. In fact, the definition of AGI is the income after all wiggle room and "loopholes" have been exhausted.
Adjusted gross income doesn't tell you anything. Last year our household adjusted gross income was about half our total income.
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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman |
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Quote:
truth: O'Reilly's tax falsehoods: 50 percent "don't pay any federal income tax," estate tax "unconstitutional" | Media Matters for America |
#10
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Quote:
__________________
1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#11
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Quote:
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_______________________________________________ 1987 560SEL (210,000 miles) |
#12
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I don't see why this is such a issue for you. Is there a solution to your perceived problem?
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#13
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Quote:
Best solution I can think of is to have no taxes whatsoever and tax at POS. IF you want to raise taxes you are going to have to raise it at POS level and then you have to justify to your citizens why you need that money. Right now, you can twist it around so badly that nobody will ever know. IF you really want to think about it, ask yourself this, how much did YOU pay in taxes total. Not just the IRS but all the indirect taxes. If you don't know, you can't make a comparison between years.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
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Person 1 makes $10k and pays no taxes on that $10k.
Person 2 makes $500k and of that, $500k, pays no taxes on $100k. Is this equitable? IMO it is not, as person 2 just skipped out on paying taxes on $100k while person 2 skipped out on only $10k. Person 1 puts $10k in the bank and gets a 10% rate of return. Person 2 puts $100k in the bank and gets the same 10% rate of return. Is this equitable? From a purely mathematical POV it is, at least it is to me.
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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman |
#15
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Quote:
Thanks for injecting some useful facts.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
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