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Thread: Obama only paid a 26% income tax rate for 2010

  1. #211
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by apdst View Post
    I already understand the difference. I also know that my effective rate is 35% and I didn't make no million dollars. And all the while this cocksucker wants to raise my taxes, while he only pays 26%.
    If you think your effective federal income tax rate is 35%, then you do not understand the difference. It is impossible to have a 35% effective federal income tax rate as 35% is the maximum marginal rate. Given that not all income is taxed federally (because of exemptions, deductions and credits, which apply to every tax payer) and the 35% rate does not kick in until the first $350,000 (of taxable income) was taxed at lower rates, it is not possible to have a 35% effective rate (which is total income tax paid / total income). Again, read up than return the battle when you have reasonable armament.

    Income tax in the United States - Wikipedia, the free encyclopedia

    I agree that effective tax rates of ALL taxes, including real estate, sales, excise, employment and state and local taxes can approach 35% in certain instances, but in most cases it is also in the 25-30% range.

    If you are comparing Obama's 26% effective rate on federal income taxes to your all-in tax situation than you are comparing apples to locomotives.....
    Last edited by upsideguy; 04-24-11 at 01:39 PM.

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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by PeteEU View Post
    There is one hell of a difference between cheating on ones taxes and making errors.. so get a freaking reality check.
    Yeah there is a difference..........when Democrats cheat on their taxes..... you libtards elect them........when We the People do it.....men with guns are dispatched to our doors.

    And it DOES ****ING MATTER. How on earth can you with a straight face call out any democrat for tax problems when the main stream GOP hacks live of the state and pay next to no taxes themselves?
    So Poor People vote Republican now huh?

    Have you looked at Romneys companies and see where they are registered and pay taxes? Have you looked at Backmans "farm subsidies" she and her family receive? Have you looked at the tax, or lack of such, that Huckabee has paid? How about how the Koch brothers have been sucking on the federal tit for decades, gaining tax breaks, funding and what not, all in a while being registered overseas to avoid taxes? Where is your outrage over that.. that cost the US taxpayer, you.. unless you part of the 40% that dont pay taxes... BILLIONS every year.
    Is this where you justify 100 years of Democrat tax cheats?

    That is the GOP.. they have been the leaders of the hypocrisy movement ever since they embraced the radical religious right.



    Are you even sure he could if he wanted too? The IRS would most likely just refund him in a year for paying too much in taxes...
    No the IRS accepts donations.........even from greedy hypocritical multi-millionaire piles of Kenyan excrement.
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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by upsideguy View Post
    If you think your effective federal income tax rate is 35%, then you do not understand the difference. It is impossible to have a 35% effective federal income tax rate as 35% is the maximum marginal rate. Given that not all income is taxed federally (because of exemptions, deductions and credits, which apply to every tax payer) and the 35% rate does not kick in until the first $350,000 (of taxable income) was taxed at lower rates, it is not possible to have a 35% effective rate (which is total income tax paid / total income). Again, read up than return the battle when you have reasonable armament.

    Income tax in the United States - Wikipedia, the free encyclopedia

    I agree that effective tax rates of ALL taxes, including real estate, sales, excise, employment and state and local taxes can approach 35% in certain instances, but in most cases it is also in the 25-30% range.

    If you are comparing Obama's 26% effective rate on federal income taxes to your all-in tax situation than you are comparing apples to locomotives.....
    Quote Originally Posted by apdst View Post
    The tax on corporations is 35%. That's for all corporations. Obama feels like we're not paying enough taxes at that rate. However, he doesn't seem to have a problem with only paying 26% on his own income.

    0123456789
    I may be wrong.

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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by apdst View Post
    I'm not disputing how the tax code works. Are you yet another Liberal that is totally missing the ****ing point?
    I understand the point you are trying to make. Since I understand how our tax codes work, I know that almost every American will not pay the exact amount in income as their marginal tax rate. Thus, I don't really care too much.

    For fun, let's do a math problem. Say Family A files a joint tax return showing a combined income of $85,000. If the tax brackets are the following:
    Code:
    Taxable Income                          Tax Rate
    $0-$16,750                              10%
    $16,750-$68,000                         15%
    $68,000-$137,300                        25%
    $137,300-$209,250                       28%
    $209,250-$373,650                       33%
    $373,650+                               35%
    How much will Family A owe in federal income, excluding deductions? All it takes is a addition and multiplication, so you should be more than capable of finding the answer.

    With that said, I can't wait to Congressman Ryan's income tax return.

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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by Badmutha View Post
    Yeah there is a difference..........when Democrats cheat on their taxes..... you libtards elect them........when We the People do it.....men with guns are dispatched to our doors.



    So Poor People vote Republican now huh?



    Is this where you justify 100 years of Democrat tax cheats?



    No the IRS accepts donations.........even from greedy hypocritical multi-millionaire piles of Kenyan excrement.
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    STUPID poor people do vote republican.....especially in rural areas. That has been established. Poor people in cities are more likely to vote democrat.
    The only excrement I smell is coming from your posts. Take a laxative, for your own sake if not for the sake of those who have to live and work with you.
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    Truth rings hollow in empty heads.

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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by JohnWOlin View Post
    Why he did not pay the top rate i do not know. Maybe it has to do with filing as married with two kids? I dunno. If that is not the case he should. He also does not get paid to be president as far as I know as well as his cabinet. So even if he is playIbg the system isn't he still saving the country money? I think trump needs to investigate with his top men.
    He did pay at the top rate..... I think there are a great many people here arguing how unfair our income tax system is, yet really do not have a clue how it works. Again, one needs to understand the difference between marginal rate (the rate at which the last dollar of income is taxed) and effective rate (the ratio of total tax paid to income). It is not possible, under the current tax code to have a 35% effective federal income tax rate.

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    Re: Obama only paid a 26% income tax rate for 2010

    So the president runs the country and we send him a bill for it? Racism much?

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    Re: Obama only paid a 26% income tax rate for 2010

    (smile) Rangel is a convicted Tax cheat.
    Obama is NOT 50 feet tall, he is ONE inch deep.
    Mark Levin

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    Re: Obama only paid a 26% income tax rate for 2010

    As I stated, so would I. But unlike Romney and the other GOP hypocrites, he does not hide his wealth in off shore corporations and what not.
    And you can prove both of those contentions, yes?



    Actually yes. Any and all proposals coming form the GOP has one goal.. to make the "working class" pay relatively more than the "rich".
    What are you smoking? Who was it that allowed a payroll tax cut expire last year? The Democrats.

    It's quite obvious that you're not from here and don't have the first damn clue about what really goes on in this country.



    So in other words, never. Hypocrite.
    Better than being stupid, I reckon.

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    Re: Obama only paid a 26% income tax rate for 2010

    Quote Originally Posted by apdst View Post
    And you can prove both of those contentions, yes?
    How are you going to ask for proof when you don't provide it for your own statements? Double standards, shame on you.

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