Whats this about income taxes???

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JB

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Re: Whats this about income taxes???

What Spinner said. :)
 

KeltonKrew

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Re: Whats this about income taxes???

here's where I have the rub....you have people who pay 0 in income taxes and will be getting money....then you have people who pay 39K+ in income taxes and they don't get squat back...

They need to remove the salary cap and make it across the board!
 

Hoss the Hermit

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Re: Whats this about income taxes???

here's where I have the rub....you have people who pay 0 in income taxes and will be getting money....then you have people who pay 39K+ in income taxes and they don't get squat back...

They need to remove the salary cap and make it across the board!
My heart bleeds fer ya
 

jay_merrill

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Re: Whats this about income taxes???

The agreement made by Bush, Pelosi and a few others was for $600/$1200. The $500/$1,000 is what some other folks want, along with provisions that will give rebates to retired folks, plus an extension of unemployment benefits for people who's 26 week benefits have run out. The original deal was a bipartizan effort and the attempts to include the other stuff seems to be bipartizan as well - both Dems & Pubs have been trying to get the adds to the bill. The reality of the whole thing is that, either way, its a "feel good" effort that is very unlikely to solve root economic issues.

In my opinion, until earnings catch up to the rapid increase in energy costs, the economy will be stressed because Americans simply can not afford the increases in everything that they buy and use, until they start seeing pay increases that match the inflation that is taking place.
 

mudmagnet63

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Re: Whats this about income taxes???

Tell the Treasuary to crank up the presses we need some more cash.
 

Tyme2fish

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Re: Whats this about income taxes???

I have a problem with people getting rebates when they never had a bate in the first place. Giving 300 back to people who didn't even pay any taxes is socialism.
Ever heard of EIC, Earned Income Credit? Have a kid and have $25.00 taken out all year for fed tax and get back $3000.00 or so. Quite a gimmick.
 

drewmitch44

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Re: Whats this about income taxes???

Yea its really tough having all that money im sure!! Man thats got to be rough to be in that bracket where you dont get this break. Its got to be hard making that much money! Id hate to make that much! I work hard every day and struggle to get by. Was born broke and will die borke and never retire. I work hard every day that i wake up and it bothers me whey the ones that make so much money complain that they are not getting a couple hundred bucks when they are making 6 digits a year!! Thats really rough to have that much money!!
 

mudmagnet63

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Re: Whats this about income taxes???

DM44 I started @ the bottom It has taken 25 years to get where I'm at if you think you will never succeed you never will.
 

Drowned Rat

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Re: Whats this about income taxes???

I have a problem with people getting rebates when they never had a bate in the first place. Giving 300 back to people who didn't even pay any taxes is socialism.


The information is confusing but it appears that only those who report $3,000 and more are eligible.
 

Kenneth Brown

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Re: Whats this about income taxes???

I gotta agree with some of these guys. If you pay in 39K in taxes then do you honestly think that them pennies are gonna help you out one bit? We definetly make it in under the radar for the full amount. Since the checks will be coming out in like May or so and I'm having a kid in April will do you think I'll get the extra $300 for her also or did she have to be on the 2007 return to quailify?
 

rogerwa

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Re: Whats this about income taxes???

I gotta agree with some of these guys. If you pay in 39K in taxes then do you honestly think that them pennies are gonna help you out one bit?

Short answer.. yes.

When you make north of $115K they start taking away deductions, they impose the AMT, and the rate goes way up. this is a very hidden subtle TAX INCREASE.

Just because someone makes a lot of money, usually earned by HARD WORK, does not mean it is ok for someone else to decide you should not be able to keep it.

The top 10% earners, something like 180K and above, pay something like 60% of the income tax. the way they are rewarded is by stiffing them yet again and transferring their contributions to someone else.

Sorry.. I had to vent. I'm getting diddly and its tax season. I'm always cranky during tax season.
 

jay_merrill

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Re: Whats this about income taxes???

Just out of curiosity, how many would support a straight line tax of around 17%, with no deductions what-so-ever? I ask because this idea has been around for decades at this point and the percentage that the "experts" say would be needed, seems to stay about the same. I'll start by saying that I would go for this in a heartbeat .... no tax returns, no huge IRS, etc.
 

QC

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Re: Whats this about income taxes???

I think we should all move to Europe where fuel averages over $7 a gallon and income tax rates average over 40%. I am not suggesting complacency on taxes, far from it, but we all need to recognise the cost of systems that some think are better . . . ;)

I'm being nice. Simply noting differences with other economies/systems and also subtly suggesting that Americans need to remember how good we've got it, and how it could be. Far from social controversy . . . well, OK, not that far . . . :)
 

mudmagnet63

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Re: Whats this about income taxes???

Short answer.. yes.

When you make north of $115K they start taking away deductions, they impose the AMT, and the rate goes way up. this is a very hidden subtle TAX INCREASE.

Just because someone makes a lot of money, usually earned by HARD WORK, does not mean it is ok for someone else to decide you should not be able to keep it.

The top 10% earners, something like 180K and above, pay something like 60% of the income tax. the way they are rewarded is by stiffing them yet again and transferring their contributions to someone else.

Sorry.. I had to vent. I'm getting diddly and its tax season. I'm always cranky during tax season.


Bravo my friend people that make the big bucks usualy have to bust their tails for it. I am on call 24 - 7 there are times i will work 36 hrs strait. I have been stuck on location for 11 days with about 2-3 hrs sleep avrage per nite I am paid very well for this any one that wants some step up. but dont bust my **** about wanting my money to stay in my pocket

And yes to the flat or fair tax
 

JB

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Re: Whats this about income taxes???

I locked this thread to confer with the other mods. I posted why but for some reason my post didn't show up. Sorry about that.

We are going to allow it to continue, but PLEASE knock off the hostility or it will be zapped.

Thanks for your cooperation. :)
 

valkyr

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Re: Whats this about income taxes???

I guess that would be political, so I won't mention it.

:D :D :D

Oh, how I hate pork! GRRRR :mad:

Edit:
Awww man, my post got edited without a note...you guys could at least let me know who trimmed it :D I did.

Edited by Valk after edited by unknown LOL

Edit: I came back to edit this but somebody beat me to it. At first I was going to allow it, but that would be allowing political comment. Couldn't do that.

Edit: No, no no...It was humor, yeah humor, thats the ticket. ;)
 
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SgtMaj

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Re: Whats this about income taxes???

If we get it, great... I'm not going to knock it... EDIT: I was going to leave this one, but that would be allowing political comments, so.. .zap.
Either way we'll get a refund this year, between the kid and college... we'll have plenty of deductions. It's just too bad most of that won't go to the boat... :( Got plans already to visit fam., and fly other fam. out to visit us. Then if anything's left, maybe take an "us" vacation sometime.
 
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