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Tax Cuts For Toasters...LOL!

 
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Tax Cuts For Toasters...LOL! - 9/16/2008 3:37:40 PM   
Thessa


Posts: 811
Status: offline
http://news.yahoo.com/s/politico/20080916/pl_politico/13496

Sen. Joe Biden (D-Del.) said on NBC’s “Today” show: “Our tax plan would take that tax cut of another $130 billion that John [McCain] wants to give to people making over $250,000 next year, not let it go forward and give it to the middle class — the very people who desperately need it to stay in their homes, to buy food, to take care of the gas, to fill up their tank, to be able to go out and buy a toaster, to employ people.”

_____________________________

For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

John 3:16
Post #: 1
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 4:17:19 PM   
inthysite


Posts: 770
Joined: 2/12/2008
Status: offline
Wow! Just when I was beginning to worry how I was going to afford that $12 for a new toaster. Where do I get in line?

Wait a minute, let me re-read that...
quote:

to be able to go out and buy a toaster, to employ people.”


Is he saying I have to buy a toaster in order to employ people???? I can't have employees if I can't give them toast? Is that a new law?

_____________________________

Let the words of my mouth and the meditation of my heart
Be acceptable in Thy sight, O LORD, my rock and my Redeemer - Psalm 19:14
Post #: 2
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 4:48:24 PM   
Thessa


Posts: 811
Status: offline
quote:

ORIGINAL: inthysite

Wow! Just when I was beginning to worry how I was going to afford that $12 for a new toaster. Where do I get in line?

Wait a minute, let me re-read that...
quote:

to be able to go out and buy a toaster, to employ people.”


Is he saying I have to buy a toaster in order to employ people???? I can't have employees if I can't give them toast? Is that a new law?


LOL!!!!!

_____________________________

For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

John 3:16
Post #: 3
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 5:02:22 PM   
cow451


Posts: 3960
Joined: 5/6/2005
Status: offline
quote:

ORIGINAL: inthysite

Wow! Just when I was beginning to worry how I was going to afford that $12 for a new toaster. Where do I get in line?

Wait a minute, let me re-read that...
quote:

to be able to go out and buy a toaster, to employ people.”


Is he saying I have to buy a toaster in order to employ people???? I can't have employees if I can't give them toast? Is that a new law?


I'm sure you understand how the economy works. If McMaverick is to win, he needs to be able to explain how keeping the tax cuts for the upper income folks stimulates more purchasing (including toasters) than the Obummer plan that relies on taxing the upper income people. The GOP plan counts on the trickle down effect getting consumers to produce more tax revenue and create private sector jobs. McMaverick has to do more, IMO than just have a witty retort (or have Barracuda do the same).

_____________________________

Wenn Sie so intelligent sind, warum Sie hier sind?
Post #: 4
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 6:00:50 PM   
letusreason


Posts: 809
Joined: 8/30/2008
Status: offline
quote:

ORIGINAL: cow451

quote:

ORIGINAL: inthysite

Wow! Just when I was beginning to worry how I was going to afford that $12 for a new toaster. Where do I get in line?

Wait a minute, let me re-read that...
quote:

to be able to go out and buy a toaster, to employ people.”


Is he saying I have to buy a toaster in order to employ people???? I can't have employees if I can't give them toast? Is that a new law?


I'm sure you understand how the economy works. If McMaverick is to win, he needs to be able to explain how keeping the tax cuts for the upper income folks stimulates more purchasing (including toasters) than the Obummer plan that relies on taxing the upper income people. The GOP plan counts on the trickle down effect getting consumers to produce more tax revenue and create private sector jobs. McMaverick has to do more, IMO than just have a witty retort (or have Barracuda do the same).


Why does he need to explain it, it has already worked under Reagan and Lyndon Johnson when he implemented Kennedy's plan.

Also , how about define "upper", because to a democrat, upper usually means over 50k/year.
Post #: 5
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 6:02:03 PM   
inthysite


Posts: 770
Joined: 2/12/2008
Status: offline
quote:

I'm sure you understand how the economy works. If McMaverick is to win, he needs to be able to explain how keeping the tax cuts for the upper income folks stimulates more purchasing (including toasters) than the Obummer plan that relies on taxing the upper income people. The GOP plan counts on the trickle down effect getting consumers to produce more tax revenue and create private sector jobs. McMaverick has to do more, IMO than just have a witty retort (or have Barracuda do the same).


Well I wish Obama would make up his mind. First he wants to raise taxes on the rich, then he says if the economy is still in a recession (which technically it's never been in recent years) he won't raise taxes.

Biden is out there stumping that McCain's policies are the same old Bush Failed Policies and that they need to tax the rich but Obama is now saying he won't. They can't even unite their ticket, how do they expect to unite a party or a country?

_____________________________

Let the words of my mouth and the meditation of my heart
Be acceptable in Thy sight, O LORD, my rock and my Redeemer - Psalm 19:14
Post #: 6
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 6:11:13 PM   
kernsfamily

 

Posts: 1359
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
quote:

ORIGINAL: Thessa

http://news.yahoo.com/s/politico/20080916/pl_politico/13496

Sen. Joe Biden (D-Del.) said on NBC’s “Today” show: “Our tax plan would take that tax cut of another $130 billion that John [McCain] wants to give to people making over $250,000 next year, not let it go forward and give it to the middle class — the very people who desperately need it to stay in their homes, to buy food, to take care of the gas, to fill up their tank, to be able to go out and buy a toaster, to employ people.”


I don't see the problem with keeping the taxes where they are now. ALL TAXPAYERS got taxcuts under Bush.....Biden is just doing the old Democrat game of "Class Warfare"....he knows that their "base" LOVES it when they talk as if they are going to "stick it" to those greedy, evil rich people....(though, even AFTER everyone got tax cuts, the rich STILL pay the vast majority of taxes paid).....is there anywhere in his speech that he explains that?

it's the marxist idea that the "rich have too much"....and, thus, we must "redistribute" the wealth VIA the tax code.....which is NOT what the tax system was created for....

Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....

_____________________________

Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
Post #: 7
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 6:43:12 PM   
cow451


Posts: 3960
Joined: 5/6/2005
Status: offline
quote:

ORIGINAL: letusreason

quote:

ORIGINAL: cow451

quote:

ORIGINAL: inthysite

Wow! Just when I was beginning to worry how I was going to afford that $12 for a new toaster. Where do I get in line?

Wait a minute, let me re-read that...
quote:

to be able to go out and buy a toaster, to employ people.”


Is he saying I have to buy a toaster in order to employ people???? I can't have employees if I can't give them toast? Is that a new law?


I'm sure you understand how the economy works. If McMaverick is to win, he needs to be able to explain how keeping the tax cuts for the upper income folks stimulates more purchasing (including toasters) than the Obummer plan that relies on taxing the upper income people. The GOP plan counts on the trickle down effect getting consumers to produce more tax revenue and create private sector jobs. McMaverick has to do more, IMO than just have a witty retort (or have Barracuda do the same).


Why does he need to explain it, it has already worked under Reagan and Lyndon Johnson when he implemented Kennedy's plan.

Also , how about define "upper", because to a democrat, upper usually means over 50k/year.

Voters under the age of 50 likely don't remember LBJ and those under 35 don't remember St. Ronald. I hope McMaverick isn't writing off the younger voters.

_____________________________

Wenn Sie so intelligent sind, warum Sie hier sind?
Post #: 8
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 7:21:19 PM   
inthysite


Posts: 770
Joined: 2/12/2008
Status: offline
quote:

Voters under the age of 50 likely don't remember LBJ and those under 35 don't remember St. Ronald. I hope McMaverick isn't writing off the younger voters.


You mean like Obama is writing off the older voters?

_____________________________

Let the words of my mouth and the meditation of my heart
Be acceptable in Thy sight, O LORD, my rock and my Redeemer - Psalm 19:14
Post #: 9
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 9:14:54 PM   
litfire2000


Posts: 182
Joined: 7/6/2008
Status: offline
quote:

ORIGINAL: kernsfamily

quote:

ORIGINAL: Thessa

http://news.yahoo.com/s/politico/20080916/pl_politico/13496

Sen. Joe Biden (D-Del.) said on NBC’s “Today” show: “Our tax plan would take that tax cut of another $130 billion that John [McCain] wants to give to people making over $250,000 next year, not let it go forward and give it to the middle class — the very people who desperately need it to stay in their homes, to buy food, to take care of the gas, to fill up their tank, to be able to go out and buy a toaster, to employ people.”


I don't see the problem with keeping the taxes where they are now. ALL TAXPAYERS got taxcuts under Bush.....Biden is just doing the old Democrat game of "Class Warfare"....he knows that their "base" LOVES it when they talk as if they are going to "stick it" to those greedy, evil rich people....(though, even AFTER everyone got tax cuts, the rich STILL pay the vast majority of taxes paid).....is there anywhere in his speech that he explains that?

it's the marxist idea that the "rich have too much"....and, thus, we must "redistribute" the wealth VIA the tax code.....which is NOT what the tax system was created for....

Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


i'm a little confused...if the wealthy get a tax break it's good policy but if lower wage earners get a tax break it's redistribution of wealth?????...i got lost here...and if you're middle class earning pretty darn good and pay $0 in taxes then i want your job...really i am asking here because this confused me

_____________________________

Ps. 122:6 Pray for the peace of Jerusalem
Post #: 10
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 10:09:58 PM   
iluvatar


Posts: 1937
Joined: 4/12/2005
Status: online
quote:

ORIGINAL: letusreason
Why does he need to explain it, it has already worked under Reagan and Lyndon Johnson when he implemented Kennedy's plan.


Because you can't keep cutting taxes and expect it to keep growing the economy. The graph looks like a curve, not a straight line - if you tax too little, you won't take in any money; if you tax too much, nobody will have any incentive to earn money; somewhere in the middle is best. When LBJ took office, the top tax rate was 91%. When Reagan took office, it was 70%. Now, it's 35%, and with the people in that bracket (particularly on the upper end) making a larger percentage of their wealth through capital gains, the effective rate is actually less.

-Dan.

_____________________________

Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones.
Post #: 11
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 10:15:39 PM   
iluvatar


Posts: 1937
Joined: 4/12/2005
Status: online
quote:

ORIGINAL: kernsfamily
Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


How on earth do you pay $0 in taxes? Because I want your accountant. I know what you do; I can guess at how much you get paid and my wife and I combined probably make about what you do (within 20%) and there's no way we come close to paying $0 income tax.

-Dan.

_____________________________

Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones.
Post #: 12
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 10:47:03 PM   
rlj


Posts: 2142
Joined: 4/14/2005
Status: offline
I liked Dubya's check better. We all got new tv's and computers at wal-mart. Obama only wants to give us the money to buy toasters? :X

_____________________________

-Roger

This is who I'm voting for. He is from the same party I voted for last time. This is consistent with my belief in the failure of the two party system and my disgust with it.
http://www.baldwin08.com/#
Post #: 13
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 10:59:23 PM   
huangshan

 

Posts: 727
Joined: 8/6/2008
Status: offline
I thought this thread was going to be about Battlestar Galactica.

I am disappointed.
Post #: 14
RE: Tax Cuts For Toasters...LOL! - 9/16/2008 11:11:09 PM   
Zhi


Posts: 1428
Joined: 7/31/2007
Status: online
quote:

quote:
quote:

ORIGINAL: kernsfamily
Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


How on earth do you pay $0 in taxes? Because I want your accountant. I know what you do; I can guess at how much you get paid and my wife and I combined probably make about what you do (within 20%) and there's no way we come close to paying $0 income tax.


... no kidding...

You do realize, don't you kerns, that taxes are taken out of your paycheck every single time you get paid? So if you end up paying $0, or getting quite a bit back like we did (we didn't do enough adjusting for our first child and me going part time work-wise), that you're just getting back YOUR OWN money? Or you just paid enough the first round?

In fact, this year, Tax Freedom Day was July 11, 2007. That was the day the average American finally worked long enough for enough salary to pay off their annual taxes (fortunately actual garnishment of taxes are spread out over the year, or people would be pretty hungry by then.)

_____________________________

The optimist says the glass is half full. The pessimist says the glass is half empty. The engineer says the glass is twice as large as it needs to be.
Post #: 15
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 6:55:54 AM   
iluvatar


Posts: 1937
Joined: 4/12/2005
Status: online
quote:

ORIGINAL: Zhi
In fact, this year, Tax Freedom Day was July 11, 2007. That was the day the average American finally worked long enough for enough salary to pay off their annual taxes (fortunately actual garnishment of taxes are spread out over the year, or people would be pretty hungry by then.)


July 11??? That's over half the year. Wikipedia has it as Apr 23, 2008 for the average and the latest state-specific date as May 3 for Connecticut.

-Dan.

_____________________________

Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones.
Post #: 16
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 8:53:58 AM   
letusreason


Posts: 809
Joined: 8/30/2008
Status: offline
quote:

ORIGINAL: rlj

I liked Dubya's check better. We all got new tv's and computers at wal-mart. Obama only wants to give us the money to buy toasters? :X


It's not "Dubya's check", it's your own money given back to you.
Post #: 17
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:07:47 AM   
kernsfamily

 

Posts: 1359
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
quote:

ORIGINAL: litfire2000

quote:

ORIGINAL: kernsfamily

quote:

ORIGINAL: Thessa

http://news.yahoo.com/s/politico/20080916/pl_politico/13496

Sen. Joe Biden (D-Del.) said on NBC’s “Today” show: “Our tax plan would take that tax cut of another $130 billion that John [McCain] wants to give to people making over $250,000 next year, not let it go forward and give it to the middle class — the very people who desperately need it to stay in their homes, to buy food, to take care of the gas, to fill up their tank, to be able to go out and buy a toaster, to employ people.”


I don't see the problem with keeping the taxes where they are now. ALL TAXPAYERS got taxcuts under Bush.....Biden is just doing the old Democrat game of "Class Warfare"....he knows that their "base" LOVES it when they talk as if they are going to "stick it" to those greedy, evil rich people....(though, even AFTER everyone got tax cuts, the rich STILL pay the vast majority of taxes paid).....is there anywhere in his speech that he explains that?

it's the marxist idea that the "rich have too much"....and, thus, we must "redistribute" the wealth VIA the tax code.....which is NOT what the tax system was created for....

Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


i'm a little confused...if the wealthy get a tax break it's good policy but if lower wage earners get a tax break it's redistribution of wealth?????...i got lost here...and if you're middle class earning pretty darn good and pay $0 in taxes then i want your job...really i am asking here because this confused me



No...what is "good policy" is lowering taxes FOR ALL.....but, the libs call that "a gift to the rich"....and, have been pounding away "tax breaks to the rich", ALL THE WHILE it was MORE than the rich who got tax breaks.

What is "redistribution of wealth" is the raising of taxes on the so-called "wealthy"....for the PURPOSE of "giving" it to the middle class....as Biden says — "GIVE it to the very people who desperately need it to stay in their homes, to buy food, to take care of the gas, to fill up their tank,......etc..etc...."

The true purpose of taxes is to fund defense, and the other government functions........NOT to steal from one group of people for the purpose of handing it over to another.

_____________________________

Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
Post #: 18
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:10:26 AM   
kernsfamily

 

Posts: 1359
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
quote:

Because you can't keep cutting taxes and expect it to keep growing the economy. The graph looks like a curve, not a straight line - if you tax too little, you won't take in any money;


time and time again...when taxes are lowered......the REVENUE from taxes goes UP, not down. It happened when JFK lowered taxes, when Reagan lowered taxes...and when George W. did, as well.

_____________________________

Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
Post #: 19
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:11:59 AM   
cow451


Posts: 3960
Joined: 5/6/2005
Status: offline
quote:

ORIGINAL: inthysite

quote:

Voters under the age of 50 likely don't remember LBJ and those under 35 don't remember St. Ronald. I hope McMaverick isn't writing off the younger voters.


You mean like Obama is writing off the older voters?


So, are you advocating McMaverick adopt a similar campaign strategy?

_____________________________

Wenn Sie so intelligent sind, warum Sie hier sind?
Post #: 20
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:35:44 AM   
kernsfamily

 

Posts: 1359
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
quote:

ORIGINAL: iluvatar

quote:

ORIGINAL: kernsfamily
Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


How on earth do you pay $0 in taxes? Because I want your accountant. I know what you do; I can guess at how much you get paid and my wife and I combined probably make about what you do (within 20%) and there's no way we come close to paying $0 income tax.

-Dan.


With regards to MY taxes....there's a line (I forget what number it is) on the Tax Return Form....it says "YOUR TAX" (just before you write in the amount that you have already had "withheld"....).....I don't have those numbers here (they're at the house)...but, that number has gone down considerably.....

So, how do my taxes work? I have 'withheld' a minimal amount (something like $30 a pay check)....and, come tax time, for the past 6-7 years, I have simply gotten back what I have paid in....thus, a NET "tax bill" of 0...or close to 0. (before George W., my "tax burden" was typically a few hundred dollars)....

there's nothing magic about it.

look at the IRS statistical tables.....even for people in MY "income bracket".....we just don't pay very much, if anything, in taxes (there just happens to be ALOT of people in my "income bracket", so the "aggregate" income numbers ARE quite big)....which, is fine with me.....
but, the way Obama/Biden explains it....their "plan" makes no sense (except to point out that they'll raise taxes on those that already pay most of the taxes.....will "lower" taxes on those who pay very little to begin with....so, they can take from one and give to another).....

_____________________________

Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
Post #: 21
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:37:40 AM   
kernsfamily

 

Posts: 1359
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
quote:

ORIGINAL: cow451

quote:

ORIGINAL: inthysite

quote:

Voters under the age of 50 likely don't remember LBJ and those under 35 don't remember St. Ronald. I hope McMaverick isn't writing off the younger voters.


You mean like Obama is writing off the older voters?


So, are you advocating McMaverick adopt a similar campaign strategy?


I know of many young people who can "see through" Obama's agenda....and, do not want to see America turn into the socialist/marxist nation that he envisions.

_____________________________

Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
Post #: 22
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:42:01 AM   
its_GO_time


Posts: 221
Status: offline
quote:

to go out and buy a toaster, to employ people.”


Throw in a family size box of Pop Tarts, and my vote is yours! The folks at Kelloggs, need jobs "created" there, too, by our "cool" Government, of course.

_____________________________

"Few men desire liberty; most men wish only for a just master" - Sallust




<< HOF'er LeRoy Kelly
Post #: 23
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 9:47:55 AM   
ManimalX


Posts: 1226
Joined: 10/25/2005
Status: offline
kernsfamily: I am still confused about your tax situation. Are you saying that come April 15th when taxes are due you have 0 you have to pay and 0 coming back as a refund? That is different than paying 0 taxes. For example, say I paid $9,000 in federal tax for 2007. After calculating my taxes, I end up getting a refund check for $3,000, meaning I overpaid the taxes I owe by $3,000 for the year. If I would have paid $6,000 I would have gotten $0 back. Is this what your situation is?

The problem is that the people who make less than a certain amount per year actually ending up paying $0 in tax by the end of the year, because they get whatever federal taxes they paid back as a refund. So when the Dems come along and promise tax relief to the "poor", there isn't anything to "relieve".

_____________________________

"But the day of the Lord will come like a thief, and then the heavens will pass away with a roar, and the heavenly bodies will be burned up and dissolved, and the earth and the works that are done on it will be exposed." - 2nd Peter 3:10
Post #: 24
RE: Tax Cuts For Toasters...LOL! - 9/17/2008 10:04:19 AM   
iluvatar


Posts: 1937
Joined: 4/12/2005
Status: online
quote:

ORIGINAL: kernsfamily

quote:

ORIGINAL: iluvatar

quote:

ORIGINAL: kernsfamily
Most of the middle class pay VERY little to NO taxes at all as it is....I know that I pay $0 in taxes (dropped considerably after Bush's tax cuts).....and I earn a pretty darn good, "middle class" income.....


How on earth do you pay $0 in taxes? Because I want your accountant. I know what you do; I can guess at how much you get paid and my wife and I combined probably make about what you do (within 20%) and there's no way we come close to paying $0 income tax.

-Dan.


With regards to MY taxes....there's a line (I forget what number it is) on the Tax Return Form....it says "YOUR TAX" (just before you write in the amount that you have already had "withheld"....).....I don't have those numbers here (they're at the house)...but, that number has gone down considerably.....

So, how do my taxes work? I have 'withheld' a minimal amount (something like $30 a pay check)....and, come tax time, for the past 6-7 years, I have simply gotten back what I have paid in....thus, a NET "tax bill" of 0...or close to 0. (before George W., my "tax burden" was typically a few hundred dollars)....

there's nothing magic about it.

look at the IRS statistical tables.....even for people in MY "income bracket".....we just don't pay very much, if anything, in taxes (there just happens to be ALOT of people in my "income bracket", so the "aggregate" income numbers ARE quite big)....which, is fine with me.....
but, the way Obama/Biden explains it....their "plan" makes no sense (except to point out that they'll raise taxes on those that already pay most of the taxes.....will "lower" taxes on those who pay very little to begin with....so, they can take from one and give to another).....


I understand that there's nothing "magic" about it, and I don't really want to pry into your financial information, but you're here stating that you pay so little in income tax and I can't figure how you do that. I'm looking at the 2006 IRS tables right now and the average rates of income tax paid on AGI range between 2.6% and 24.3%. The only ones who average "a few hundred dollars a year" make $15K or less. The average for the $100K-$200K bracket is $17,388 or 13.1%.

This is the chart I'm looking at.


quote:

ORIGINAL: ManimalX

kernsfamily: I am still confused about your tax situation. Are you saying that come April 15th when taxes are due you have 0 you have to pay and 0 coming back as a refund?


He said that he gets back what he paid in - I interpreted that to mean that his refund is equal to what was withheld.

-Dan.

_____________________________

Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones.
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