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Started By
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re: How’d those tax totals look on your last paystub
Posted on 12/20/24 at 10:24 am to NIH
Posted on 12/20/24 at 10:24 am to NIH
quote:
I don’t mind seeing my money go to support the Ukraine. If we don’t stop Putin now, we could be next.
This has to be a troll.
This post was edited on 12/20/24 at 10:27 am
0
Posted on 12/20/24 at 10:42 am to jchamil
quote:
There is at least one. The one who thinks we have adequate infrastructure and police/fire services for the amount of taxes we pay. Maybe it's too much to say he doesn't benefit at all, but we sure as shite should benefit more for the taxes we pay.
Agreed.
Saying we don't benefit at all is disingenuous.
But saying higher taxes means better outcomes is absolutely asinine with how irresponsible our Gov't is with money.
It's like giving a crackhead $100, them spending $90 on crack and $10 on food, and you saying "well if we just give them more money they'll be able to buy more food".
Posted on 12/20/24 at 10:45 am to Gee Grenouille
We can cut government spending by 50% and I bet the sleezeballs in Washington won't lower our taxes.
Taxes never actually seem to go down.
ETA:
FTR, still in favor of dramatic spending cuts.
Taxes never actually seem to go down.
ETA:
FTR, still in favor of dramatic spending cuts.
This post was edited on 12/20/24 at 10:45 am
Posted on 12/20/24 at 10:56 am to CatfishJohn
quote:
Taxes never actually seem to go down.
Tax rates or tax dollars paid?
We have historically low tax rates at the federal level; however in total dollars tax revenues are up but that is a function of a growing and larger economy.
FREd - Federal government current tax receipts
This post was edited on 12/20/24 at 11:40 am
Posted on 12/20/24 at 10:59 am to bad93ex
quote:
If they have enough to send “aid” to foreign countries
They don't, they have to borrow that money.
quote:
I don’t need to pay in at all.
Of course you do, you need to help finance the debt. Sometime in the not too distant future, 100% of government revenues will have to go towards interest on the debt. Do your part.
Posted on 12/20/24 at 10:59 am to CatfishJohn
quote:
Taxes never actually seem to go down.
My taxes went down substantially back in 2017. Yours didn't?
Posted on 12/20/24 at 11:04 am to JohnnyKilroy
quote:
My taxes went down substantially back in 2017. Yours didn't?
Everyone on the OT is a temporarily embarrassed millionaire. They should just work a little bit harder, and they can be rich like daddy Elon.
Posted on 12/20/24 at 11:06 am to Twincam
quote:Not AT ALL?
And it doesn't benefit me AT ALL.
Posted on 12/20/24 at 11:07 am to Tantal
quote:Subject to limits. No way your effective rate is actually 46.7%.
I get 10-99s for my off-duty security work.
24% Federal income tax
13% Self-employment tax
1.45% Medicare tax
8.25% Sales tax on anything that I buy with the proceeds.
Total:46.7%
Posted on 12/20/24 at 11:08 am to jchamil
quote:No military either, I guess.
There is at least one. The one who thinks we have adequate infrastructure and police/fire services for the amount of taxes we pay. Maybe it's too much to say he doesn't benefit at all, but we sure as shite should benefit more for the taxes we pay.
Posted on 12/20/24 at 11:35 am to Big Scrub TX
From the Congressional Budget Office, revenue sources and expenditures. Interest on the debt is much larger than the total spent on defense. Both parties to blame along with all Presidents since Bush.
CBO
CBO
Posted on 12/20/24 at 11:43 am to Mingo Was His NameO
Stop getting so emotional lol. Jesus.
The was that the seldomly used services described do not warrant the insane amount of taxes being paid.
Wipe your tears away, stop screeching, and calm down.
FYI where I live law enforcement makes traffic 10x worse blocking off entire lanes of traffic over minor accidents that are already on the shoulder. But thank your for your unrequested anecdotal evidence...
The was that the seldomly used services described do not warrant the insane amount of taxes being paid.
Wipe your tears away, stop screeching, and calm down.
FYI where I live law enforcement makes traffic 10x worse blocking off entire lanes of traffic over minor accidents that are already on the shoulder. But thank your for your unrequested anecdotal evidence...
Posted on 12/20/24 at 12:36 pm to FutureMikeVIII
It's hard to argue with your reasoning
Posted on 12/20/24 at 1:15 pm to Gee Grenouille
Around 19% AGI. Pretty standard. I think I have one more check next Friday.
Posted on 12/20/24 at 1:22 pm to jclem11
quote:
I'm also a well known hater of American car culture and suburbs and advocate for better public transportation and nuking of suburbs. That's a topic for another thread tho.
You guys are doing fantastic with inner cities.
Posted on 12/20/24 at 1:42 pm to Purplehaze
quote:No it isn't, it's roughly the same size. The point is, the military line item is massive and it's preposterous to act as if no benefit from that accrues to the ordinary taxpayer.
Interest on the debt is much larger than the total spent on defense
Posted on 12/20/24 at 2:33 pm to jclem11
quote:
I'm also a well known hater of American car culture and suburbs and advocate for better public transportation and nuking of suburbs. That's a topic for another thread tho.
You going to pack all of the suburbanites into the already crowded inner cities? Or are you going to disperse them in rural areas?
Posted on 12/20/24 at 2:44 pm to Big Scrub TX
Well my eyes tell me the interest is $946 billion and Dept of Defense is $826 billion.
Posted on 12/20/24 at 5:24 pm to Purplehaze
quote:Right. It's 15% bigger...than an item that is itself pushing a trillion annually.
Well my eyes tell me the interest is $946 billion and Dept of Defense is $826 billion.
Not sure what point you're trying to make. MY point is that taxpayers receive the benefit of the military's existence. To read these threads about "theft", you'd think nothing of value was received at all. Meanwhile, they're likely more addicted to govt money than they even realize.
Posted on 12/20/24 at 8:48 pm to Big Scrub TX
My point is no way can there be huge cuts in any one year. Both parties have kicked the can down the road in this century including all Presidents.
With $35 Trillion in debt, you are looking at the need for 25+ years in sensible debt reduction discipline. Discipline and Congress are not compatible.
What is really needed is more revenue along with cuts in spending. The scary thing is $1billion in cuts is a drop in the bucket. The goal has to be something like 10% increase in revenue through tax hikes or deduction elimination and 15 to 20% in cuts. At least you are gaining about 10% per year.
With $35 Trillion in debt, you are looking at the need for 25+ years in sensible debt reduction discipline. Discipline and Congress are not compatible.
What is really needed is more revenue along with cuts in spending. The scary thing is $1billion in cuts is a drop in the bucket. The goal has to be something like 10% increase in revenue through tax hikes or deduction elimination and 15 to 20% in cuts. At least you are gaining about 10% per year.
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