View Poll Results: Should the Bush tax cuts be cancelled next year as Obama wants to do?

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  • yes, the democrats need more money to spend

    20 40.82%
  • No, I want to keep my own money

    29 59.18%
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Thread: Should the Bush tax cuts be cancelled next year as Obama wants to do?

  1. #151
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by TurtleDude View Post
    You are lying

    if you have a tax rate of 30% that means you pay 30 dollars on every 100 you make after hitting that bracket

    if your taxes go to 33% that means you pay 33 Dollars on ever 100 you make after that bracket

    30 dollars to 33 dollars is MORE THAN A THREE PERCENT INCREASE IN YOUR TAXES

    given dividend income taxes are more than doubling I will be paying far more than what you claim as well and almost everyone who is in the top bracket has income from dividends

    you are the liar, not me.

    and why should I pay a higher rate than you-I still would pay more in taxes and I certainly don't use as much as most of the low bracket payers. I don't use the emergency room for health care. I don't live in an area that constantly requires police attention. My family isn't engaged in criminal activity requiring the court system. My son goes to a private school even though I pay far more in property taxes than all but a few people in my city given I am one of the three largest individual landowners. I don't get any sort of welfare.
    WRONG! Income tax in the United States - Wikipedia, the free encyclopedia

    You only pay the rate on the dollars earned within that bracket.

    In other words: the tax rate for income up to $8,375 is 10%. So you - and the guy who only earns $8,375 is 10% on the first $8,375.

    You make more than that. So, you pay on the money you earn between $8,375 and $34,000 a rate of 15%. Granted, he doesn't pay that, but that's because he doesn't make it. But you're not paying an additional 5% on your first $8,375. You paid 10% on that. (or whatever the current rate it).

    And that continues all the way up.

    If you think otherwise, then you have a terrible accountant.

  2. #152
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by TurtleDude View Post
    Why is it those who don't make enough to be soaked continually claim that those of us who do don't understand our taxes

    my rates next year will include 8% ohio income taxes. 39.6% federal income taxes. Sales taxes of 7% in my county. Property taxes-cannot tell (thank God I live on a farm or they would be 30,000 a year), gasoline taxes-my wife and I drive about 34K miles a year,

    I am a competitive shooter so I pay the R-P excise tax on guns and ammunition, I also am a coach of archers and my entire family shoots on the national circuit so we pay lots of hotel taxes etc. The Robinson-Pittman tax is 11% and since shooting sports is my main use of discretionary income after my son's private schoool tuition, I am paying a ton of taxes most people don't. Of course I get soaked by SS "taxes" and those are going up as well.

    next year I will keep less than half of every additional dollar I earn.
    1) Because a) you don't understand taxes and b) don't assume all liberals don't make enough to soaked. My tax FED income tax (not including state and other taxes, as we discussed) bill last year was well into 6 figures. I also have a little more than a layman's understand of taxes as I once was a CPA. I also am not a hypocrite. I don't vote my specific individual interests. I could complain that I paid too much and others didn't pay enough.... but I honestly believe my situation was a blessing and others aren't so blessed and as commanded (Luke 12:48 .... From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked.) So you know where I am coming from, I believe taxes are a civic duty. That said, taxes should be fair (which the progressive system, IMHO is very fair) and tax monies should be used for good purposes.

    The US has one of the lowest tax rates in the world, and delivers very poor services for the taxes spent. I am far more interested in whining about the lack of a good, single payer national health insurance then whining about taxes. My complaint is we don't get much for our money.

    Again, your taxes are not additive and you only pay sales tax on a small percentage of your income... it is no an 7% tax on your income. I could add up your numbers for you as well... but I doubt they top 36% all in. For one, as a professional shooter, I image you have your own business as either a pass through LLC, S-Corp or Schedule C. This allows you to pay for many personal things with pre-tax dollars (meals on the road, a laptop, cell phone) All of your hotel taxes, Robinson Pittman taxes are all deductible at 39.6% (at least... if you are self employed, they also deduct from your FICA taxes)... so you are only really paying 60% of the tax... so you have a great many advantages that a salaried guy will not have. If you level set all of your advantages to those of the average guy, I bet all in your effective tax rate is in the low 30s...
    Last edited by upsideguy; 07-13-10 at 03:39 AM.

  3. #153
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    The poll question was worded in such a way that it is baited.

    We have a legitimate need to get the budget deficit under control. Higher taxes on the rich is one of the things that is going to have to happen unless we seriously reduce our spending. At this particular time, reducing spending would put us into a double dip recession (depression).

    I do object to the fact that the lowest tax bracket is going up more than the highest tax bracket though.

  4. #154
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by imagep View Post
    The poll question was worded in such a way that it is baited.
    That's just Navy, I am not sure he cares about objectivity or honesty.

  5. #155
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by imagep View Post
    The poll question was worded in such a way that it is baited.

    We have a legitimate need to get the budget deficit under control. Higher taxes on the rich is one of the things that is going to have to happen unless we seriously reduce our spending. At this particular time, reducing spending would put us into a double dip recession (depression).

    I do object to the fact that the lowest tax bracket is going up more than the highest tax bracket though.


    Wait, what?


    Let evil swiftly befall those who have wrongly condemned us

  6. #156
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by Reverend_Hellh0und View Post
    Wait, what?


    The OP might as well had asked: "Do you like people who kick puppies, kill babies, and want taxes to go up?"

  7. #157
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by imagep View Post
    The OP might as well had asked: "Do you like people who kick puppies, kill babies, and want taxes to go up?"



    uhm you must have come up with your own version of what I was asking....


    At this particular time, reducing spending would put us into a double dip recession (depression).

    Please to explain.
    Let evil swiftly befall those who have wrongly condemned us

  8. #158
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    The end of the Bush tax cuts have been Obama's plan to raise taxes all along without technically raising them directly.

  9. #159
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by disneydude View Post
    The upper class hasn't grown. In the decades following Reagan, the top 1% control more of the wealth in this country. That is exactly why the Reagan era saw the destruction of single income homes. It is now a reality that both parents have to work which is why the whole "family values" BS is such a joke. the GOP, Reagan in particular have done more to destroy the family unit than so called "liberals" ever will.



    How is taking more money from people in the way of taxes going to bring back single income houses? /facepalm
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  10. #160
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    Re: Should the Bush tax cuts be cancelled next year as Obama wants to do?

    Quote Originally Posted by disneydude View Post
    The upper class hasn't grown. In the decades following Reagan, the top 1% control more of the wealth in this country. That is exactly why the Reagan era saw the destruction of single income homes. It is now a reality that both parents have to work which is why the whole "family values" BS is such a joke. the GOP, Reagan in particular have done more to destroy the family unit than so called "liberals" ever will.
    Thats absolutly true. The right tends to idolize Reagan, but some of his economic policies were terrible. And I am a conservative!

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