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re: Anyone else see a big difference in tax returns this year?

Posted on 2/6/19 at 12:31 am to
Posted by Korkstand
Member since Nov 2003
29134 posts
Posted on 2/6/19 at 12:31 am to
quote:

Except the real world is not a flat tax, it's already progressive.
Yeah no shite. That's why I used a flat tax rate in my example, to show why the percentages that you're talking about are not anything to be upset about.

The top 31% of earners paying 48% of the taxes is not at all outrageous. The only way to get any closer to "fair" is with a regressive tax. Or even a flat dollar amount tax.
Posted by Korkstand
Member since Nov 2003
29134 posts
Posted on 2/6/19 at 12:33 am to
quote:

Also he completely ignored the second part of your post
I ignored it because it didn't make sense from the numbers he cited.
Posted by Sun God
Member since Jul 2009
52786 posts
Posted on 2/6/19 at 12:35 am to
quote:

I ignored it because it didn't make sense from the numbers he cited.

No, you ignored it because it didn't support your 6th grade math example
This post was edited on 2/6/19 at 12:38 am
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74686 posts
Posted on 2/6/19 at 12:44 am to
quote:

The top 31% of earners paying 48% of the taxes is not at all outrageous.
No, it isn't. But a very common talking point today is that of the money Americans pay into the giant tax cauldron, the rich aren't paying enough of the share. That isn't true.

America's rich pay a higher share than any other nation, even adjusted for inequality.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 2/6/19 at 12:47 am to
That's because the top 1% owns 40% of the countries wealth. Unlike any other country

Aren't you from Cali? You should be smarter than what you are dude
Posted by Korkstand
Member since Nov 2003
29134 posts
Posted on 2/6/19 at 12:48 am to
quote:

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.
You don't think that without the fire department a significant chunk of your town wouldn't have burned down by now? Do you know what that would cost the community?

And the police? Just because you've never called them, you think that means you don't "use" them? What would your town be like without the cops? Would it be as prosperous? Or would it be a shithole?

And parks. If you had to choose between a neighborhood that was nothing but houses, businesses, and concrete, or one with a park nearby, which would you choose? Which would people with kids choose? You may not care for parks, but plenty of people do. They boost the morale of the community as a whole. You directly benefit from this in the form of happier and more productive coworkers, higher property values, etc.

There is typically a reason why taxpayer-funded things are taxpayer-funded. It's because the "profits" from them cannot be directly tied to the expense. But the profit is real, and you benefit whether you realize it or not. Whether you feel you "use" them or not.
Posted by Korkstand
Member since Nov 2003
29134 posts
Posted on 2/6/19 at 12:51 am to
quote:

No, you ignored it because it didn't support your 6th grade math example
I should have ignored all of it without a link.

I commented on the part that didn't make any goddamned sense.
Posted by ChEgrad
Member since Nov 2012
3944 posts
Posted on 2/6/19 at 1:02 am to
quote:

That's because the top 1% owns 40% of the countries wealth.


The top income brackets pay a higher percentage of the total income taxes than their percentage of the income. This isn't even debatable. Taxes are skewed to make the rich pay a disproportionate amount. The bottom fifty percent of earners don't even pay income tax. How is it the rich don't pay their fair share?
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 2/6/19 at 1:15 am to
Not sure why you're trying to argue with me dude but the real crime is huge corporations paying almost 0 in taxes, yet they profit billions every year and pay their employees so little that we are forced to support those employees from our tax dollars.

Also, religions being exempt is dumber than shite too. Failed baby boomer policy - imagine that
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
109158 posts
Posted on 2/6/19 at 1:20 am to
quote:

This year we owe for federal and are getting a much smaller refund from our state. But at least the refund will cover our federal tax bill and still leave us $500.

I was a little bummed. Was expecting our usual refund and was gonna pay off some debts with it.




You played it perfect. You got more of your money throughout the year to use, save, or invest as you see fit. Well done.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
109158 posts
Posted on 2/6/19 at 1:21 am to
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/6/19 at 4:30 am to
Haven't even started taxes. Dam shame I have to pay every year, the last 10 years that I been retired.
Posted by BHS78
Member since May 2017
4021 posts
Posted on 2/6/19 at 5:55 am to
I keep reading this fallacy about corporations don't pay taxes. How do you tax a corporation? All they will do is pass on the incurred costs to the customer or reduce the dividend payout to the stock holders. But of coarse its not like Liberals have 401k's. The same people complain about gas being $3/gal but don't say a word about the cost of milk or beer which is a hell of a lot easier/cheaper to produce.
Posted by Centinel
Idaho
Member since Sep 2016
46661 posts
Posted on 2/6/19 at 6:09 am to
quote:

Not sure why you're trying to argue with me dude but the real crime is huge corporations paying almost 0 in taxes, yet they profit billions every year and pay their employees so little that we are forced to support those employees from our tax dollars.



Do you own a 401k, 403b, IRA, or any other ETFs/Stocks?

Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/6/19 at 6:13 am to
I'm fine with parks and roads. And even benefits. What I'm NOT fine with is trillions to a standing army that shouldn't exist, foreign aid, and agencies like the NSA who we pay to spy on ourselves. That's the kind of shite that people should be mad about.
Posted by Capital Cajun
Over Yonder
Member since Aug 2007
5632 posts
Posted on 2/6/19 at 6:22 am to
Yes, I’ll owe about 4K less than previous years.
Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
17047 posts
Posted on 2/6/19 at 6:25 am to
quote:

No, you subsidized much larger tax cuts for folks who make millions of dollars per year. Oh, and corporations.

Don't worry, we've been hearing for 39 years that that money you're giving to the rich will eventually trickle back down...I'm sure it will happen any year now. Be a little more patient.




Heaven forbid the government just spend less by only doing what it’s supposed to do.
Posted by randybobandy
NOLA
Member since Mar 2015
2194 posts
Posted on 2/6/19 at 7:48 am to
quote:

No, you subsidized much larger tax cuts for folks who make millions of dollars per year. Oh, and corporations.



Corporations hire people, pay wages , provide health insurance and are owned by stockholders like you and me who own mutual funds. It always trickles down.
Posted by JOJO Hammer
Member since Nov 2010
12457 posts
Posted on 2/6/19 at 7:51 am to
I made more money, had more money in my check each pay period, got less back and paid less in taxes. Worked out just well for me.
Posted by ZeekFreak
Member since Jun 2017
616 posts
Posted on 2/6/19 at 7:58 am to
quote:

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


ratios aren't your strength
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