- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: April 15 is coming. 45% of the population doesn't care.
Posted on 2/25/16 at 12:53 pm to TJGator1215
Posted on 2/25/16 at 12:53 pm to TJGator1215
Payroll tax is a drop in the bucket, especially when there are talks of means testing for SS and Medicare benefits down the road.
1
Posted on 2/25/16 at 12:56 pm to recruitnik
quote:
recruitnik
What exactly are you trying to fricking say? That we should accept and continue with the precedent being sent?
Posted on 2/25/16 at 12:57 pm to High C
quote:
An estimated 45.3 percent of American households — roughly 77.5 million — will pay no federal individual income tax
Keep in mind that everyone that works for someone else and draws a W-2 pays 7.65% of all their earned income starting with dollar one in the form of payroll taxes.
This goes to fund social security and Medicare, the two biggest slices of the pie chart above.
Of course the rich don't pay that, but let's keep feeling sorry for them for some reason?
The reason being they've told us to and we've replied with our usual bahhhh, bahhhh
This post was edited on 2/25/16 at 12:59 pm
Posted on 2/25/16 at 1:01 pm to High C
quote:
High C
brainwash much?
Posted on 2/25/16 at 1:02 pm to PygmalionEffect
Most pay the full 15% because they are self employed
What are we considering "rich" for this discussion?
What are we considering "rich" for this discussion?
Posted on 2/25/16 at 1:03 pm to PygmalionEffect
quote:
Of course the rich don't pay that, but let's keep feeling sorry for them for some reason?
If you don't pay payroll taxes in your household, you can't benefit from SS/Medicare down the road.
If you're going to put a cap on what my SS benefit can be, regardless of how much I pay in to SS, shouldn't you put a cap on the amount of income that will be taxed?
Again, in this country, I don't understand why so many people want to discourage others from trying to succeed.
Want to go from part-time to full-time employment? Well, we're going to take an extra 10% of your income once you cross the threshold from the 15% bracket to the 25% bracket. Sure, you'll still get 90% of what you would receive otherwise, but we're making that next dollar, that next bit of effort, that much more unattractive. It blows my mind.
Posted on 2/25/16 at 1:04 pm to slackster
quote:
slackster
quote:
Payroll tax is a drop in the bucket,
You're a complete moron.
Posted on 2/25/16 at 1:13 pm to barry
quote:
New Jersey Gov. Chris Christie is a case in point. Since taking office in 2010, he approved corporate tax breaks and other subsidies worth more than $2.1 billion, according to New Jersey Policy Perspective, a nonpartisan, nonprofit public policy research organization. That includes more than $900 million in state tax credits to just 15 companies, including Panasonic, Prudential and Campbell’s Soup, The New York Times reported.
In exchange, the companies promised 2,364 new jobs over 10 years, which works out to $387,537 in tax credits for each job, The Times said.
The Christie administration even handed the owners of Revel casino more than $361 million to open shop in Atlantic City. Last September, the casino closed its doors after going into bankruptcy.
LINK
LINK
Posted on 2/25/16 at 1:17 pm to PygmalionEffect
quote:
brainwash much?
As in me trying to brainwash others, or are you just not very good with the English language?
Posted on 2/25/16 at 1:29 pm to KG6
quote:
This statement makes it seem "less" of an issue than it is. Many in the top 1% do not make close to 2.1 million a year, yet they are helping pay that 43.6% of all taxes.
In 2013, to be considered top 1%, you had to bring home approximately $428,000.
Posted on 2/25/16 at 1:31 pm to High C
there are 115k households making more than $9m?
Posted on 2/25/16 at 1:34 pm to gatorrocks
My uncle makes a million a year and some janitor makes 30k, I think it's OK for the guy to pay less in taxes. Just think about the poor's, gd OT
Posted on 2/25/16 at 1:39 pm to High C
Mitt Romney told us this and he was blasted. The worst part is they get to vote. Do you think they will vote for money-smart politicians?
Posted on 2/25/16 at 1:45 pm to High C
I agree this is not good. I just want to point out everyone pays taxes. We have so damn many. Licenses, Sales Taxes, Gas Taxes, Fines/Tickets. Even the poors.
Heck if you buy anything from a company you are paying their Corporate Income Taxes. If they rent they are paying the owner's property taxes.
Our government is in a sad place. I agree these folks are leeches. I just think it is important to note we are taxed far more than just personal income taxes.
Heck if you buy anything from a company you are paying their Corporate Income Taxes. If they rent they are paying the owner's property taxes.
Our government is in a sad place. I agree these folks are leeches. I just think it is important to note we are taxed far more than just personal income taxes.
Posted on 2/25/16 at 1:49 pm to lsu13lsu
quote:
I agree this is not good. I just want to point out everyone pays taxes
quote:
I agree this is not good. I just want to point out everyone pays taxes
I'm very much aware of this. Posted on 2/25/16 at 1:49 pm to PygmalionEffect
quote:
Payroll tax is a drop in the bucket,
You're a complete moron.
When the payroll tax is less than 16% and the top income tax bracket is 39.6%, then yes, yes it is a drop in the bucket.
It is the least of the problems in the tax code considering what it is designed to fund. Hell, it actually makes more sense than most tax logic.
ETA: To be clear, I'm not ignoring the amount of money generated by payroll taxes, because it is a huge amount. I'm just disregarding their importance to the topic at hand. Given that money pays for programs for workers to "enjoy" down the road, but those benefits are also capped, the payroll tax actually makes sense in its current state. If anything, the rich should actually pay lower payroll taxes since they won't get to enjoy the same rate of return that others will.
This post was edited on 2/25/16 at 1:55 pm
Posted on 2/25/16 at 1:58 pm to mailman
Do you think the janitor should get back more than he paid in? In effect, your uncle is giving the janitor money?
Posted on 2/25/16 at 1:59 pm to High C
quote:
(Note that this does not necessarily mean they won’t owe their states income tax.)
I aint paying federal so why would I pay state
Posted on 2/25/16 at 2:45 pm to rpg37
quote:
I remember teaching in the MS Delta and inner-city Memphis and every April kids started coming into school with $200 Nikes and Jordans, etc. Then, they all got free lunches and breakfasts and still didn't have a pencil. fricking pissed me off.
Sad. I believe that 100%.
Posted on 2/25/16 at 2:47 pm to bgtiger
quote:
I know someone who spent last year in an opiate haze, worked for only a few months of the year, lives rent free with parents, wife, and kids, made about $15,000-$23,000, and received a $9,000 refund. I am disgusted by it, absolutely disgusted.
See. Thats the problem. Thats terrible. Just terrible.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News