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re: My son texting me after doing his taxes, maybe I’m a cynic?

Posted on 2/17/23 at 12:13 pm to
Posted by VolcanicTiger
Member since Apr 2022
5933 posts
Posted on 2/17/23 at 12:13 pm to
quote:

Why so your pay your employers share of taxes as well?
You're paying them anyway, you just don't see it. This is what 99% of the problem is: you don't dig past the surface level.

If I pay you $20/hr then it costs me maybe $23/hr. That means my payroll budget for you is $46,000 a year, and you start off the bat before calculating your taxes having paid $6,000 of your $46,000, blissfully unaware as the government conscripts me to play tax collector against my will and robs you without you ever realizing it.

If people realized how much they actually paid for taxes and regulations, as someone said earlier, they'd be at the Capitol with torches and pitchforks.

Posted by Diamondawg
Mississippi
Member since Oct 2006
38357 posts
Posted on 2/17/23 at 12:19 pm to
quote:

Until you break through to big money. After that your taxes go way down.

Someone making $200k pays a lower percentage but more dollars than someone living next door making $65k pays in dollars. How does the person making 200 require more government i.e., police, fire, illegal alien costs, schools, etc., etc., just because he/she makes more money? DISCLAIMER: I do not know where the "break through" money bar stands.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
7315 posts
Posted on 2/17/23 at 12:29 pm to
quote:

You are not an employee if you are a 1099


Most people who are 1099 are misclassified, to be a true 1099 you are basically your own business doing whatever skill/trade that you have freelance and on your own terms.

quote:

, you are going to have trouble getting anyone to work for you

If someone is working for you they are probably a W2 employee and not 1099. Especially if you control the work they are doing.
Posted by Sev09
Nantucket
Member since Feb 2011
15839 posts
Posted on 2/17/23 at 1:37 pm to
quote:

Orrrrrrr Our government can stop spending foolishly. Stop sending billions of dollars to ukraine. Stop funding all this climate change bullshite. Stop funding for gender equality research in other parts of the world. I could go on and on….


I’m in no way disagreeing with this sentiment. I was just pointing out that your message WAS, in fact cynical, and probably discouraging for your son. “Woe is me. We’ll never make it because Uncle Sam has us under his thumb. Just give up.”

I offered a solution to OPs problem: how to hang onto MORE of your money and keep it out of the hands of the reckless spenders in govt.
This post was edited on 2/17/23 at 2:54 pm
Posted by dcrews
Houston, TX
Member since Feb 2011
32130 posts
Posted on 2/17/23 at 2:18 pm to
quote:

son: So essentially I’m not making more money cuz they only took 4K when I made 44k but made 68 k and they keeping 15k



Your son needs to hire a professional to do his taxes.

If his income only changed from $44k to $68k, there's no way in hell he is paying $11k more in taxes for the $22k increase in income.
This post was edited on 2/17/23 at 2:20 pm
Posted by bountyhunter
North of Houston a bit
Member since Mar 2012
7129 posts
Posted on 2/17/23 at 2:19 pm to
quote:

I just hate how much they take from the worker ants like us. We once beat a king's arse for that.

Well, technically we beat a king's hired goons' asses because they taxed us without our say and forced us into a monopoly. Now we pretend to elect people to tax the hell out of us while we are forced to pay high prices for most essential products that are controlled by corporate monopolies or cartels. Who also happen to be the largest donors for the people we pretend to elect. Almost like the government doesn't matter and the results are exactly the same, huh?

Almost like government exists to secure the wealth of the few from the needs of the many.
This post was edited on 2/17/23 at 2:23 pm
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/17/23 at 2:32 pm to
quote:

Something is screwy with this.


quote:

and they keeping


Maybe.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/17/23 at 2:34 pm to
quote:

Someone making $200k pays a lower percentage


Interdasting.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/17/23 at 2:36 pm to
quote:

Well, technically we beat a king's hired goons' asses because they taxed us without our say and forced us into a monopoly. Now we pretend to elect people to tax the hell out of us while we are forced to pay high prices for most essential products that are controlled by corporate monopolies or cartels. Who also happen to be the largest donors for the people we pretend to elect. Almost like the government doesn't matter and the results are exactly the same, huh?

Almost like government exists to secure the wealth of the few from the needs of the many.


Do you think it is possible to become wealthy in this country?
Posted by Sev09
Nantucket
Member since Feb 2011
15839 posts
Posted on 2/17/23 at 2:52 pm to
quote:

Do you think it is possible to become wealthy in this country?


Give it up. Nobody wants education or advice in this thread.
Posted by Loserman
Member since Sep 2007
23151 posts
Posted on 2/17/23 at 3:33 pm to
quote:

I wish I could take the same tax deductions on my personal expenses as corporations get to for theirs. Only difference is generating revenue through W-2.



Figure out a way to run for office.

Campaign funds can be used to pay for your family's clothes, meals, and transportation.
Posted by Big Scrub TX
Member since Dec 2013
39854 posts
Posted on 2/17/23 at 6:17 pm to
quote:


Give it up. Nobody wants education or advice in this thread.
The well-received message in this thread is "I'm poor and the gubment is keeping me that way forever!!!"

Truly, unbelievable.
Posted by Squirrelmeister
Member since Nov 2021
3691 posts
Posted on 2/17/23 at 6:36 pm to
Don’t forget payroll tax.
Posted by jimjackandjose
Member since Jun 2011
6748 posts
Posted on 2/17/23 at 8:03 pm to
Everyone has the exact same opportunities to play the tax code the same as politicians do.

Learn the game and play it.
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 2/18/23 at 8:53 am to
quote:

Someone making $200k pays a lower percentage but more dollars than someone living next door making $65k pays in dollars.



This concept is not generally true. now, it is very possible for certain individuals to have higher or lower tax rates than “normal” for a variety of reasons, but every “Step” Up the brackets comes with both a higher percentage of the next dollar earned (and an identical percentage in all previous brackets where the two individual’s paths cross, again, barring something like a carry forward loss from previous years, which a $200Ker probably won’t have, Tax loss harvesting of investments ($3,000/y, not likely to move that needle), Roth vs traditional retirement contributions, to name a few. But in general, if those all line up, then the higher income pays both a higher percent and a higher gross.


Now, in terms of why:
Viewing those numbers, 13.3% tax on everyone with no exemptions would raise the same funds. 14% tax on everyone would actually raise federal revenue (or collections, depending on how angry you are at the Feds calling your work their revenue). But the bottom 50% pay a grand total of about 3.4% of their take home.

Those in power years ago decided that the burden of 13.4% (or any flat tax) was too much to ask of those making $20,000 and 30,000 and $40,000 per year, so decided to be “progressive” in the implementation of it, and they lowered the burden on those making less and made up for it (kept the target total the same) by increasing the tax on those on the top.
Posted by oldskule
Down South
Member since Mar 2016
25267 posts
Posted on 2/18/23 at 8:59 am to
Liberal in college
Conservative in real life!

A trend that will never end....
Posted by 62Tigerfan
Member since Sep 2015
5379 posts
Posted on 2/18/23 at 9:30 am to
I'm sure that the gubbermint will spend the money wisely.

As our brother Karl M. once said, "From each according to his ability, to each according to his needs."
Posted by Willie Stroker
Member since Sep 2008
16646 posts
Posted on 2/18/23 at 9:55 am to
quote:

son: So essentially I’m not making more money cuz they only took 4K when I made 44k but made 68 k and they keeping 15k

Dad: Yep you got it, that’s how they keep us down, the more you make, the more you strive to lift yourself, the more they penalize your success and try to dishearten you, and that is no hyperbole


You agreed with him? Why not point out the error in his thinking?

When he earned 44k, they took 4k. So he earned 40k.

When he earned 68k, they took 15k. So he earned 53k.

So when he wrongly concluded that he did not earn more money, you agreed with him?

Is this an example of the cultural problem we have when even parents try to keep their kids on the plantation by promoting the lie that you cannot get ahead by working?

To me, this is not “they” keeping us down, this dad keeping us down…and maybe dad’s culture.


Posted by Padme
Member since Dec 2020
9747 posts
Posted on 2/18/23 at 10:01 am to
Wow you really did map our lives out from that one simple text. Theres plenty wrong about an informal text between my son and I, I don’t normally filter every angle of a F’ing text. Why don’t you go tongue punch your boyfriend in the fart box, coward.
Posted by SippyCup
Gulf Coast
Member since Sep 2008
7002 posts
Posted on 2/18/23 at 10:09 am to
quote:

Until you break through to big money. After that your taxes go way down.


I know. It’s crazy to think someone could spend 100 million of their own money to build a factory and then get a tax break for spending that money. Let’s just ignore that fact that it will produce more tax revenue than the 100 million dollar tax credit. Facts are meaningless. Millionaires and Billionaires don’t pay taxes.
fricking Idiot!
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