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Posted on 2/5/19 at 10:49 pm to JudgeHolden
quote:. Yep. That one is a killer.
The SALT limit is gonna hurt.
Posted on 2/5/19 at 11:22 pm to Sidicous
quote:
You didn't hear Gov. Coumo of NY yesterday did you? He admitted the top 31% of earners in NY pay more than 48% of the total taxes in NY. The rich are paying MORE than their share, 17% more.
Jesus, no wonder conservatives hate taxes. They don't understand basic math and logic. "17% more" lol
Let me make this kind of simple, with a flat 10% tax:
10 people
7 of them make 100k
1 of them makes 200k
1 of them makes 500k
1 of them makes 1million
That's 2.4million in total income, so 10% across the board is 240k in total taxes paid. The top 30% of these earners made 1.7million, so they paid 170k of that 240k! Oh no! The top 30% of earners paid 71% of the total taxes!
Posted on 2/5/19 at 11:23 pm to Codythetiger
quote:Yeah, yours.
I'm still young but i'm making right at 60k in a small town... i can't believe i paid like 18k in taxes... literally paid for somebody's life for a year through my taxes
Posted on 2/5/19 at 11:24 pm to Korkstand
I got back way too big of a refund 
Posted on 2/5/19 at 11:26 pm to Codythetiger
quote:
Codythetiger
I'm still young but i'm making right at 60k in a small town... i can't believe i paid like 18k in taxes... literally paid for somebody's life for a year through my taxes... i spend 2 dollars just to make 1
You’re an idiot
Stick to dispatching the tricks and please don’t ever decide to start driving the trucks
Posted on 2/5/19 at 11:30 pm to CoeJ
Most people don’t use parks and emergency services very often in their life. Granted there are people who are unhealthy and people do frequently use parks but the overwhelming majority do not.
Posted on 2/5/19 at 11:30 pm to MontyFranklyn
Did your tax bill go up? Rates changed you know.
Posted on 2/5/19 at 11:46 pm to Korkstand
Simplicity is definitely the way to go when explaining the intricacies of American tax codes
Posted on 2/5/19 at 11:48 pm to Korkstand
quote:Except the real world is not a flat tax, it's already progressive. So when your actual tax payers leave but your tax recipients stay, you're screwed.
Let me make this kind of simple, with a flat 10% tax:
When half your citizens pay zilch, the rich are paying more than fair share.
Posted on 2/5/19 at 11:49 pm to Sidicous
Also he completely ignored the second part of your post
Posted on 2/5/19 at 11:56 pm to Sun God
A lot of people in this thread are full of shite.
You can disagree with the tax law all you want because it a) increases deficit b) hurts blue state rich people 3) is skewed too much to the wealthy.
but for god's sake, when the data we have coming from the 2 gold standard tax think tanks: tax policy center (left leaning) and tax foundation (right leaning) both find 95% of Americans and 98% of Louisianans have seen a fall in their tax liability after the TCJA, people in this thread are either lying to advance an ideological talking point or have total shitty accountants.
How in the frick are Louisiana residents in this thread getting their numbers?
You can disagree with the tax law all you want because it a) increases deficit b) hurts blue state rich people 3) is skewed too much to the wealthy.
but for god's sake, when the data we have coming from the 2 gold standard tax think tanks: tax policy center (left leaning) and tax foundation (right leaning) both find 95% of Americans and 98% of Louisianans have seen a fall in their tax liability after the TCJA, people in this thread are either lying to advance an ideological talking point or have total shitty accountants.
How in the frick are Louisiana residents in this thread getting their numbers?
Posted on 2/5/19 at 11:57 pm to JudgeHolden
quote:
Slow down. You should be paying under 10 in federal worst case. They hit you for 8 for lapsed health insurance?
The penalty itself was under $1k, I was exaggerating
Posted on 2/6/19 at 12:06 am to Codythetiger
What do you know
A young fat redneck kid without any clue
A young fat redneck kid without any clue
Posted on 2/6/19 at 12:12 am to MontyFranklyn
You are either a lying phaggot or a whiny bitch who lives in NY/NJ/CA.
Either way, nobody gives a frick about your imaginary tax bills.
Either way, nobody gives a frick about your imaginary tax bills.
Posted on 2/6/19 at 12:12 am to Mr Perfect
I see my post is getting downvoted, but sorry, I trust actual tax think tanks with a non-partisan streak who present actual data rather than some dorks on a message board.
Polls show the TCJA is rising in popularity as Americans find out their tax liability has declined.
Hell, I live in a blue state that was supposedly hit hard and mine went down even (though not by much)
Louisiana was one of the states that benefited MOST because it is is the state with the 2nd fewest people who itemize their deductions.
Again, tax policy center, left leaning think tank: 98.7% of Louisiana residents either pay less or the same in taxes due to TCJA.
I don't believe for a second that the 1.3% of LA residents who are paying more are all magically congregated on the OT lounge.
Polls show the TCJA is rising in popularity as Americans find out their tax liability has declined.
Hell, I live in a blue state that was supposedly hit hard and mine went down even (though not by much)
Louisiana was one of the states that benefited MOST because it is is the state with the 2nd fewest people who itemize their deductions.
Again, tax policy center, left leaning think tank: 98.7% of Louisiana residents either pay less or the same in taxes due to TCJA.
I don't believe for a second that the 1.3% of LA residents who are paying more are all magically congregated on the OT lounge.
Posted on 2/6/19 at 12:18 am to Korkstand
You are even more of a dumb frick than the OP.
Did you get this example off of DU?
Posted on 2/6/19 at 12:26 am to Codythetiger
With a $60k income, single, standard deduction your fed income taxes should be $6,500. Total; fed, state, & fica ~ $14k. Per an online calculator.
quote:
Your Income Taxes Breakdown Tax
Marginal Tax Rate Effective Tax Rate 2018 Taxes*
Federal 22.00% 10.83% $6,500
FICA 7.65% 7.65% $4,590
State 6.00% 4.95% $2,972
Local 0.00% 0.00% $0
Total Income Taxes $14,062
Income After Taxes $45,939
Retirement Contributions $0
Take-Home Pay $45,939
Posted on 2/6/19 at 12:27 am to MontyFranklyn
I’m upper middle class and me actually getting money back this year is nice. I had to pay last year, not much but a few grand going the other way is a good thing for me.
Don’t be ignorant and act like the tax cuts haven’t improved the middle class and/or the economy.
Don’t be ignorant and act like the tax cuts haven’t improved the middle class and/or the economy.
Posted on 2/6/19 at 12:28 am to bayoumuscle21
Tax cuts? Come on dude.
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