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Started By
Message
re: Special Session: Black Caucus issues an ultimatum to increase income tax
Posted on 2/26/18 at 12:03 pm to Harry Caray
Posted on 2/26/18 at 12:03 pm to Harry Caray
Why do we even have a Black Caucas?
Posted on 2/26/18 at 12:03 pm to Harry Caray
And here I thought black people had no voice and were oppressed. Sounds like they have plenty power. They even have their own club in the legislature just for them.
Posted on 2/26/18 at 12:03 pm to LSUBoo
It's an extra $500 on anyone making $50k or more
Posted on 2/26/18 at 12:04 pm to rondo
quote:
So those that make more than 50k are not impacted?
Wrong
They'd be taxed at 6% on a larger portion of their income
Posted on 2/26/18 at 12:04 pm to Harry Caray
These people are painfully retarded.
Posted on 2/26/18 at 12:05 pm to LSUBoo
quote:
So... they essentially want to raise taxes on people making between $25K and $50K?
Okay?
It would affect anyone above 25K
Posted on 2/26/18 at 12:05 pm to OneMoreTime
For someone making $60k a year something to the tune of 40/month can actually help out. I’m not a fan of this at all
Posted on 2/26/18 at 12:05 pm to rondo
quote:
So those that make more than 50k are not impacted?
Anyone that has taxable income higher than $25k would be impacted. You'd pay a higher effective rate on the same amount of income than you do now.
Posted on 2/26/18 at 12:05 pm to OneMoreTime
I wonder where they would want this money to be allocated????
Posted on 2/26/18 at 12:05 pm to Oilfieldbiology
quote:Right now your first $12,500 is taxed at 2%, your next $37,500 at 4%, and anything beyond that at 6%.
That’s exactly what it says. Where is he wrong?
Now, you'd be paying 4% instead of 2% on your earnings from $12,500 to $25,000, and 6% on your earnings from $25,000-$50,000 instead of the 4% you were paying.
Posted on 2/26/18 at 12:06 pm to TigersSEC2010
quote:
These people are painfully retarded.
As well as several of the people in this thread who can't comprehend how taxes work
Posted on 2/26/18 at 12:07 pm to Harry Caray
quote:
I know math can be hard. Try again.
How it reads is:
Currently, people between $25K and $50K are taxed at 4%.
Proposed, people between $25K and $50K (and up) will be taxed at 6%.
Looking at it more, I realize that it's only that segment of their income taxed at that rate, not all of their income.
Posted on 2/26/18 at 12:07 pm to FightinTiga
quote:
I wonder where they would want this money to be allocated????
More money for programs
Posted on 2/26/18 at 12:07 pm to Powerman
quote:
As well as several of the people in this thread who can't comprehend how taxes work
Very true
Posted on 2/26/18 at 12:07 pm to Harry Caray
How big is the Black Caucus, pun not intended?
I assume they're all Dems, so I don't see how their lack of support is relevant. Laws can be passed without them.
I assume they're all Dems, so I don't see how their lack of support is relevant. Laws can be passed without them.
Posted on 2/26/18 at 12:07 pm to Harry Caray
people in this thread REALLY struggling to comprehend progressive tax rates...
Posted on 2/26/18 at 12:07 pm to LSUBoo
quote:...that's how tax brackets work
Looking at it more, I realize that it's only that segment of their income taxed at that rate, not all of their income.
Posted on 2/26/18 at 12:07 pm to Pelican fan99
quote:
The Black caucus is such a fricking joke
The dumbest of the dumb
Posted on 2/26/18 at 12:08 pm to Powerman
quote:
It would affect anyone above 25K
Wrong, it would affect anyone above $12.5k. $12.5k to $25k would pay an additional 2% there also.
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