Run Hillary Run- bumper sticker thread

[sparks19]

Sparks,

you keep saying that but no-one is suggesting any such thing!!! And no one (but you) classifies this practice as punishment. I have done well some years and not so well others - in the more prosperous years, I had no problem paying a slightly higher % of my good fortune. And in my leaner years, I have appreciated the slight reduction I paid as a percentage. I am not sure why people keep putting out numbers like 50 and 60% and suggesting that those who are making 30,000 get away with not paying anything. The range is more like 25-35%. I could go on, but I will hold off for a maybe later post.

then I must be misinterpreting the posts saying that rich people should pay more in taxes then the little people. I was just using those numbers as an example. Just saying that if I am taxed 40% (not saying that I AM just using the number as an example) I don't think it is fair that the next higher up bracket should pay 50% or the next highest should pay 60%. Again these numbers are only for examples. Again, if we are going to make people who are better off pay the highest percentage then why don't we just send them our medical bills. Everyone should pay the same percentage. If you make 10,000 your percentage will equal out to a small fraction. if you make 1,000,000 your percentage will equal out to a lot more money going into taxes. they already pay more then the lower class. why should they pay even MORE than that. LOL what if those people in the higher tax bracket have 12 kids to support? should they pay less tax then?

this is the impression I have gotten from previous posts. that those who make more money should pay a higher percentage of tax. I disagree.

Ceph, it really is. I keep seeing people say that they ONLY make 20,000 and it's almost impossible to get by. How is that possible? In all my life I don't think I have ever had a job that I made more than 25,000 per year. I am able to survive just fine on that. You just have to live a more moderate exsistence. YOu don't go out and buy the most expensive care... or the biggest house. Live by your means and 20,000 provides a fine living.

My mother (a single mother) never made much money yet I always had a nice house to live in, clean clothes on my back and good food on the table. What more do you need?

[Ceph]

^
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what she said

[borzoimom]

As far as making 25 grand a year as being comfortable, in this area- look at these average household earnings. No way in the world could anyone survive on 25 grand in this area- no way.. And Loudon county is one of the highest paid, and fastest growing counties in the US...
A person making 25 grand in like Fairfax county would be all but bankrupt- where as I am sure there are other parts of the country that would work..http://www.co.loudoun.va.us/business...y_2004/b_2.pdf

[Pembroke_Corgi]

then I must be misinterpreting the posts saying that rich people should pay more in taxes then the little people. I was just using those numbers as an example. Just saying that if I am taxed 40% (not saying that I AM just using the number as an example) I don't think it is fair that the next higher up bracket should pay 50% or the next highest should pay 60%. Again these numbers are only for examples. Again, if we are going to make people who are better off pay the highest percentage then why don't we just send them our medical bills. Everyone should pay the same percentage. If you make 10,000 your percentage will equal out to a small fraction. if you make 1,000,000 your percentage will equal out to a lot more money going into taxes. they already pay more then the lower class. why should they pay even MORE than that. LOL what if those people in the higher tax bracket have 12 kids to support? should they pay less tax then?

this is the impression I have gotten from previous posts. that those who make more money should pay a higher percentage of tax. I disagree.

Ceph, it really is. I keep seeing people say that they ONLY make 20,000 and it's almost impossible to get by. How is that possible? In all my life I don't think I have ever had a job that I made more than 25,000 per year. I am able to survive just fine on that. You just have to live a more moderate exsistence. YOu don't go out and buy the most expensive care... or the biggest house. Live by your means and 20,000 provides a fine living.

My mother (a single mother) never made much money yet I always had a nice house to live in, clean clothes on my back and good food on the table. What more do you need?

Well, the rich DON'T pay a higher percentage of their income in most taxes, that is the point. For example, SS taxes are only taken out of the first $90,000 or so of your income. I'm not sure exactly what the figures are, but I think they take roughly 10% for SS. That means, if I make $25,000/year I pay on 100% of my income, etc, but if I make $250,000 a year, I pay SS tax on roughly 36% of my income. Is that "fair?" No.

And most rich people have such good tax lawyers, etc, I'm sure that very few pay "fairly." Also, most truly needy people probably don't pay many income taxes, if any at all. It's the middle class that carries the burden- is that "fair?"

Also, I'm not going to make judgments on how much money per year is "enough," but keep in mind, $20,000 in Pennsylvania goes a lot further than $20,000 in California.

[Ceph]

I think the problem isnt so much the federal taxes though now that I look at it....It's mostly FICA taxes...For the first time I really Looked at my LES and FICA and State taxes where what was taking the majority out of my pay.

Now, I need help...can someone tell me how the FICA taxes change from Tax bracket to bracket, because that I really dont know.

[borzoimom]

sorry all- here is the link- I added it in edit.. Someone making a 100 grand in northern virginia with the price of housing and cost of living, to be taxed the same as someone making like a 100 grand in other parts of the country.. Is flat out stupid.. http://www.co.loudoun.va.us/business...y_2004/b_2.pdf

[sparks19]

That's the beauty of the American way... we all want something until it adversely affects us. It's just plain old human nature.

So many have posted and maintained that everyone should pay the same amount (% of income earned)! PERIOD. That's it! It is unfair and downright puishment to charge someone "who has worked hard to be succesful" a slightly hegher percent.

But on a similar note, you perhaps now think that it is unfair (or at least stupid) to charge you the same amount (%) of your $100,000.00 as someone who lives somewhere else (with a lower costs of living).

SO... are you suggesting it would be "fairer" or at least "less stupid" to tax you less???

I think that the answer or comeback to your implication is that "we are all free to move to where ever we like". Usually the higher costs of living in a given area warrants a higher pay wage for the same job. I find that to be very true in my industry. Someone doing my job in Los Angeles will generally make 3-4 times more than I. I could move to L.A, but my financial gains would easily be offset by my higher costs of living.

AH see now that is a good point that I didn't think about.

In New York City the cost of living is outrageous. 100,000 a year is like 20,000 a year here. Very good point.
but different states have different taxes.

just like in Canada. Not everyone pays the same tax as Ontario but ontario is the most heavily populated.

HAHA just a funny side note. I was looking at population charts for Canada the other day. Ontario is the most populated lol the least populated was the Yukon and the population was something like 30 LOL

[borzoimom]

I am saying the current " tax system" especially the income tax, has removed so much you can write off ( except your mortgage payment) its not right. As far as which way to go- I am not sure.
I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.

[caseysmom]

I am saying the current " tax system" especially the income tax, has removed so much you can write off ( except your mortgage payment) its not right. As far as which way to go- I am not sure.
I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.

Because the bumper sticker was political in nature.

[borzoimom]

Because the bumper sticker was political in nature.

Obviously.. But Taxes are more decided by the states...

[caseysmom]

Obviously.. But Taxes are more decided by the states...

Taxes are an important political topic. The bumper sticker was political in nature. If the bumper sticker was about dogs are kids who are honor roll students I could understand you being surpised.

[wombat2u2004]

I am saying the current " tax system" especially the income tax, has removed so much you can write off ( except your mortgage payment) its not right. As far as which way to go- I am not sure.
I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.

""I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.""

Because lower income earners would pay more of a percentage of their income to buy a bumper sticker than those on a higher income ???? LOL
Wombat

[Edwina's Secretary]

FICA...which is retirement income, medicare, death and disablity payments is split into two pieces. The first part - retirement is 6.2% on income up to a maximum of around $95,000 (it goes up every year) and 1.45% for medicare. That totals 7.65%. Your employer matches that contribution and pays exactly the same dollar amount on your behalf.

Unless you are self-employed as I am. I pay 15.3%.

Most people pay around 25% of their income in federal taxes.

[Edwina's Secretary]

Bob's Dad...the other "fairness" aspect of the cap on FICA is there is a cap on earnings FROM Social Security...the amount you get upon retirement is pegged to your income while working but there is a maximum so ... in return...there is a maximum contribution.