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Favorite team:LSU 
Location:Red Stick
Biography:yeah
Interests:futbol americano
Occupation:student
Number of Posts:3350
Registered on:1/26/2009
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re: Why be upset with Ryan who doesn't want to pay for the Wall? - cahoots
[quote] Yes there was indeed. Go read on Trump's website. He listed all kinds of scenarios through trade, visa and green card restrictions, etc.[/quote] 1. That information is no longer on Trump's website. 2. You're right, there were a lot of ideas on his website, but there was no concrete ...
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re: Who Approves of Republicans Shutting Down the Govt for the Wall? - cahoots
It's really amazing how we got from "Mexico is going to pay for our wall" to "We're going to shut down the government if you don't give us taxpayer money to pay for the wall." How can anyone defend this? ...
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re: Bill O'Reilly releases "No Spin" podcast tomorrow - cahoots
Everything's a conspiracy huh? O'Reilly lived a squeaky clean life. His wife and daughter love him. Those stupid liberals miraculously took him down with no ammunition. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]The average total federal effective rate for 100K incomes fell between 13.3% and 16.8%. Under this plan it's 12.75%[/quote] Is that a true average or a median? The problem is that joint filers with kids and well funded 401Ks are going to pay substantially less than a single person in...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote] Nope. With a standard deduction of 25K or 30K and the elimination of payroll taxes, effective rates drop for the middle class[/quote] Some of the middle class. If your household of 4 made $100K and 70K is taxable at 17%, that family is going to pay more than they currently do. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]. So? And I'd set the rate at 17%[/quote] Fine. I'm just pointing out that a lot of middle income Americans are going to pay even more under a flat tax system. Depending on how you structure it, they are definitely taking on a larger tax burden. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]first household income is not AGI, AGI would be income after a 401k and employee contribution for benefits. lets assume 8k and 6k fair enough? that means your AGI is $86,000. [/quote] Yep I know. I was being conservative by not counting 401Ks and stuff. You're right, a family o...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]Needed. And inevitable. That's where the money is.[/quote] Oh I'm well aware. That's what I was trying to demonstrate in this thread. A flat tax will shift the tax burden to the middle class. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]It is actually double that....that is what your employer withholds and remits from your salary. You are paying 15.3% out of your pocket...your employer does not "give" or "donate" anything to you unless of course they are an idiot....[/quote] Look at your paycheck. You only pay 7.65%. Your...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]The tax code will be changed very quickly. [/quote] What should we change it to? ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]Don't own a business don't know what that is so yeah whatevs Our system is so complex now because of all the deductions and credits etc. [/quote] The payroll tax is just the percentage of your income that goes straight to the federal governement to pay for SS and Medicare. 7.65%. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]10% across the board with no deductions at all. Yes.[/quote] Dude even Rand's plan is 14.5%. I'm lowering that to 13%. You aren't gonna get away with 10%. But let's pretend you could...a family of 4 making 100K would be paying MORE taxes, even at 10%!...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]Just do away with deductions. Then implement flat tax. Then nobody has to worry about doing taxes[/quote] So basically, increase the payroll tax by 13%?...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]Lower percentage than now[/quote] Not necessarily. ...
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re: Should we implement a flat income tax? And what that means to you. - cahoots
[quote]not if you make the first $30,000 every person makes tax free.[/quote] Doesn't that kinda defeat the purpose of a flat tax? A huge percentage of Americans would pay $0 income taxes if you exempted the first $30,000. Probably not a whole lot different than the current 45% that don't pay....
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Should we implement a flat income tax? And what that means to you. - cahoots
Conservatively, a flat income tax percentage would have to be set at [b]13%[/b]. Let’s say you’re married and you have two kids. Your household income is exactly $100,000. Here’s what your tax liability is under the current system with a standard deduction and no other special circumstances. I re...
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re: Proof that Obama hated the south - cahoots
I don't necessarily agree with what Obama did but you can definitely make grits from whole grains.......
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re: How Is It Possible Under the Tax Code 50% Pay No Income Tax? - cahoots
Yeah, it's pretty simple really. Under Ronald Reagan, the Republican Lord and savior, we began indexing to inflation the personal exemption, standard deduction, tax brackets, and other tax credits. This means that as more income becomes concentrated at the top, the middle class shrinks, inflatio...
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re: How Is It Possible Under the Tax Code 50% Pay No Income Tax? - cahoots
[quote]Literally no such thing. Just a made up and meaningless term.[/quote] I'm not trying to start a semantics argument. I just used that term generally to mean that financiallly illiterate folks get loans with extremely high interest rates because they do not understand how much it is costing ...
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re: How Is It Possible Under the Tax Code 50% Pay No Income Tax? - cahoots
[quote]This country does not know what "poor" is. Also, it is not what you make, in this country, that puts most in a financial bind. It is the financial decisions that are made that cause the "problem".[/quote] True, but a lot of people on the bottom are financially illiterate. Our culture pus...
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