kentuck
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Thu Jun-09-11 06:01 AM
Response to Reply #118 |
| 119. It's all relative, isn't it? |
|
In a family of 11, we grew up in Appalachia with an income of less than $1000 per year in some lean years.
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| -What should be the tax rate for income of $100,000 per year? |
kentuck |
Jun-07-11 04:02 PM |
#0 |
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maybe we need more upper income brackets..like over 1 million |
angstlessk |
Jun-07-11 04:06 PM |
#1 |
| -
I think all tax rates should revert to what they were before GWB assumed the presidency. |
Lasher |
Jun-07-11 04:07 PM |
#2 |
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I'm with you Lasher, |
safeinOhio |
Jun-07-11 04:35 PM |
#9 |
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I'm having a big problem forgiving Obama for having extended the Bush tax cuts in December. |
Lasher |
Jun-07-11 07:51 PM |
#42 |
| -
yes! |
JAnthony |
Jun-07-11 08:12 PM |
#50 |
| -
Doing so would balance the budget in a few years |
Avant Guardian |
Jun-08-11 10:20 AM |
#91 |
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Thanks for the excellent graphics. Do you have a link to your source? |
Lasher |
Jun-08-11 01:20 PM |
#101 |
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Here are some thoughts: |
damntexdem |
Jun-07-11 04:11 PM |
#3 |
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25% of 100,000 is a lot of that income. |
Zoeisright |
Jun-07-11 04:17 PM |
#4 |
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30% of my less than $100,000 is a lot of money I have to do without too... |
JuniperLea |
Jun-07-11 04:24 PM |
#6 |
| -
Not how tax rates work |
Spike89 |
Jun-07-11 05:04 PM |
#11 |
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According to this graph, 98.3% make less than $250,000 |
kentuck |
Jun-07-11 05:12 PM |
#15 |
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Interest income is taxed EXACTLY as other income |
dems_rightnow |
Jun-07-11 06:45 PM |
#33 |
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Yeah, I was wrong and oversimplified |
Spike89 |
Jun-08-11 02:30 PM |
#104 |
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You are confused. |
Obamaforthewin |
Jun-07-11 08:42 PM |
#64 |
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yup, oversimplified and chose the wrong term |
Spike89 |
Jun-08-11 02:32 PM |
#105 |
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it should depend on where you live |
formernaderite |
Jun-07-11 06:49 PM |
#35 |
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These are tax thresholds.......as it is with all taxation schedules... |
JAnthony |
Jun-07-11 08:15 PM |
#53 |
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But you only pay the 25% on anything over $25,000 |
cameozalaznick |
Jun-07-11 11:21 PM |
#79 |
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and life circumstances |
Carolina |
Jun-08-11 12:23 PM |
#98 |
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Holy crap. 40% on $250K? |
FLPanhandle |
Jun-07-11 05:08 PM |
#13 |
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You're paying 35% now |
REP |
Jun-07-11 05:37 PM |
#20 |
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We pay probably 30% after deductions and all. |
FLPanhandle |
Jun-07-11 05:46 PM |
#21 |
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"$250K isn't rich nowadays." |
boppers |
Jun-07-11 07:54 PM |
#45 |
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The truly rich have more than the rest of us combined nt |
FLPanhandle |
Jun-07-11 08:19 PM |
#56 |
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ROFL |
snooper2 |
Jun-08-11 09:43 AM |
#83 |
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*sigh* |
FLPanhandle |
Jun-08-11 12:14 PM |
#95 |
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I used to beg on the streets. To buy food. |
boppers |
Jun-09-11 05:14 AM |
#118 |
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It's all relative, isn't it? |
kentuck |
Jun-09-11 06:01 AM |
#119 |
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Baloney. 250k a year is plenty fucking rich. nt |
Codeine |
Jun-07-11 08:21 PM |
#58 |
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Yes, yes it is. |
Marrah_G |
Jun-08-11 10:18 AM |
#88 |
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Wow. Infighting, that's what got us to where we are now. |
kick-ass-bob |
Jun-08-11 12:18 PM |
#96 |
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Why not? |
Skink |
Jun-07-11 06:27 PM |
#28 |
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250K isn't rich |
FLPanhandle |
Jun-07-11 06:39 PM |
#30 |
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Yes 250k is rich |
Marrah_G |
Jun-08-11 10:19 AM |
#89 |
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no. this is not wealthy. |
kick-ass-bob |
Jun-08-11 12:20 PM |
#97 |
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A net rate of 40% is insane. A net rate between 25% and 30% would |
bluestate10 |
Jun-07-11 08:03 PM |
#48 |
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Please see my reply to #4 upthread... |
cameozalaznick |
Jun-07-11 11:26 PM |
#80 |
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even if you DID have to pay 40% you would be left with 150,000 |
Marrah_G |
Jun-08-11 10:17 AM |
#87 |
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People that earn more should pay higher marginal tax rates so that |
bluestate10 |
Jun-07-11 04:18 PM |
#5 |
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Zero |
notesdev |
Jun-07-11 04:25 PM |
#7 |
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The problem with consumption taxes is they aren't progressive |
Astrad |
Jun-07-11 05:14 PM |
#16 |
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If you exempt necessities they are |
notesdev |
Jun-07-11 06:18 PM |
#22 |
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The rich would end up paying even less. |
Incitatus |
Jun-07-11 07:52 PM |
#44 |
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A lot of that ends up tax free due to exemptions |
notesdev |
Jun-07-11 09:37 PM |
#71 |
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There needs to be a lot of changes to the tax code. |
Incitatus |
Jun-07-11 10:38 PM |
#75 |
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no they would not be |
hfojvt |
Jun-07-11 08:12 PM |
#51 |
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Many people don't make enough to "consume"... |
kentuck |
Jun-07-11 05:15 PM |
#17 |
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Yep |
notesdev |
Jun-07-11 05:19 PM |
#18 |
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Word. Income taxes are designed to keep poor & lower income from obtaining wealth. |
Army of Dawgness |
Jun-07-11 08:00 PM |
#47 |
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The problem I see with consumption tax... |
kentuck |
Jun-07-11 08:20 PM |
#57 |
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The same could be said for an income tax also. |
Army of Dawgness |
Jun-07-11 08:29 PM |
#61 |
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However... |
kentuck |
Jun-07-11 09:50 PM |
#74 |
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Actually, consumption taxes are much more stable than income taxes |
taught_me_patience |
Jun-08-11 04:44 PM |
#113 |
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"Income taxes are designed to keep poor & lower income from obtaining wealth." |
kentuck |
Jun-07-11 09:36 PM |
#69 |
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Meh. Let me rephrase. |
Army of Dawgness |
Jun-07-11 10:46 PM |
#76 |
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What would the rate have to be? |
kentuck |
Jun-07-11 11:14 PM |
#78 |
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Well....... |
Army of Dawgness |
Jun-07-11 11:28 PM |
#81 |
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Here are my answers |
taught_me_patience |
Jun-07-11 04:32 PM |
#8 |
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Here is a link comparing taxcuts and deficits - Dems and Repubs |
kentuck |
Jun-07-11 04:41 PM |
#10 |
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$100,001 & up, 100% |
Shagbark Hickory |
Jun-07-11 05:06 PM |
#12 |
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You mean, time to set fire to the playing field. nt |
Dreamer Tatum |
Jun-07-11 06:19 PM |
#23 |
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Insanity! Pure, unadulterated Insanity! |
Motown_Johnny |
Jun-07-11 06:26 PM |
#26 |
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delete |
kentuck |
Jun-07-11 06:29 PM |
#29 |
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Happens to the best of us. nt |
Shagbark Hickory |
Jun-07-11 06:53 PM |
#37 |
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Got it covered. |
Shagbark Hickory |
Jun-07-11 06:49 PM |
#34 |
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impossible |
Motown_Johnny |
Jun-07-11 07:47 PM |
#40 |
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$100,000 should buy a lot more than it currently does. |
Shagbark Hickory |
Jun-07-11 08:13 PM |
#52 |
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but people won't, there is no longer any compensation for it |
Motown_Johnny |
Jun-07-11 09:19 PM |
#66 |
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I don't think you're understanding. |
Shagbark Hickory |
Jun-08-11 09:37 AM |
#82 |
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100K "should buy"... |
kick-ass-bob |
Jun-08-11 09:57 AM |
#84 |
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Should the the directors of a university get paid $500k a year causing tuition to soar |
Shagbark Hickory |
Jun-08-11 10:49 AM |
#93 |
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OK - since we go anecdotal here... |
kick-ass-bob |
Jun-08-11 11:55 AM |
#94 |
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You must be out west or in the north. |
Shagbark Hickory |
Jun-08-11 02:11 PM |
#102 |
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who said anything about entry level? And no, I'm in NC. |
kick-ass-bob |
Jun-08-11 02:26 PM |
#103 |
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Is money the only reason you do what you do? |
Shagbark Hickory |
Jun-08-11 07:22 PM |
#114 |
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we want to start with a 4.6% increase, from 35% to 39.6% (the Clinton rate) |
Motown_Johnny |
Jun-07-11 05:10 PM |
#14 |
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up to 30k |
backwoodsbob |
Jun-07-11 05:25 PM |
#19 |
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Why should up to 30k pay zero? |
taught_me_patience |
Jun-07-11 06:21 PM |
#24 |
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That's the fundamental problem with American taxes. |
Xithras |
Jun-08-11 12:42 PM |
#99 |
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10-12k maybe. But 30k is a full fledged salary in these parts. nt |
Shagbark Hickory |
Jun-07-11 06:54 PM |
#38 |
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People who are well off need to quit playing poor. |
JVS |
Jun-07-11 06:22 PM |
#25 |
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We are trying to sell our boat... |
kentuck |
Jun-07-11 06:27 PM |
#27 |
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+! That's the same old song, innit? |
Shagbark Hickory |
Jun-07-11 08:18 PM |
#54 |
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It's not the $100K to $250K that are ctitical... |
JHB |
Jun-07-11 06:43 PM |
#31 |
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Deleted message |
Name removed |
Jun-07-11 06:43 PM |
#32 |
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Because the $5k bite hurts the $50k person a LOT more than the $25k bite hurts the $250k person. |
Commie Pinko Dirtbag |
Jun-07-11 06:50 PM |
#36 |
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I suggest income taxes on "55 minus 10"... |
JHB |
Jun-07-11 07:06 PM |
#39 |
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"Shouldn't everyone have to pay something?" |
boppers |
Jun-07-11 07:50 PM |
#41 |
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Revert back to the brackets under Clinton |
B-Stupid |
Jun-07-11 07:52 PM |
#43 |
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0 percent to 50K a year, 20% income over 50k |
Incitatus |
Jun-07-11 08:00 PM |
#46 |
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$0.00 |
George Wythe |
Jun-07-11 08:10 PM |
#49 |
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Another idea worthy of exploration. nt |
Shagbark Hickory |
Jun-07-11 08:19 PM |
#55 |
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But what are these tariffs, and where does that money come from? |
kick-ass-bob |
Jun-08-11 10:06 AM |
#85 |
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Yep, tariffs are not a good idea, especially in poor economic times |
IndyPragmatist |
Jun-08-11 10:21 AM |
#92 |
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In theory, I support the concept of free-trade. Free trade would be fine |
George Wythe |
Jun-08-11 04:26 PM |
#109 |
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It is really no different than the taxes that localities implement on tourists. |
George Wythe |
Jun-08-11 04:31 PM |
#110 |
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"Shouldn't everyone have to pay something?" Yes, but some don't - if you |
Obamanaut |
Jun-07-11 08:24 PM |
#59 |
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No, actually. |
JackRiddler |
Jun-07-11 08:38 PM |
#63 |
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$1milliion - 45%, $1billion-49% |
elleng |
Jun-07-11 08:25 PM |
#60 |
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Just about zero. That should be the full, lone exemption, no other loopholes. |
JackRiddler |
Jun-07-11 08:36 PM |
#62 |
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First, everybody should file as single. |
JVS |
Jun-07-11 09:18 PM |
#65 |
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What would be the tax for this guy? |
jtuck004 |
Jun-07-11 09:29 PM |
#68 |
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Use the lower chart that I provided to figure it out. |
JVS |
Jun-07-11 09:38 PM |
#72 |
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That guy? We should be talking imprisonment & full clawback of everything he's worth. |
JackRiddler |
Jun-08-11 07:40 PM |
#115 |
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I think it's fair to say that an individual who earns $100,000/yr already pays close to a 50% tax |
Vinee |
Jun-07-11 09:24 PM |
#67 |
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Exactly |
Carolina |
Jun-08-11 12:46 PM |
#100 |
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Agreed. |
JackRiddler |
Jun-08-11 07:50 PM |
#117 |
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Nobody earning less than the poverty line should pay income tax |
OnlinePoker |
Jun-07-11 09:36 PM |
#70 |
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See my post above. |
JVS |
Jun-07-11 09:40 PM |
#73 |
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What breaks? |
OnlinePoker |
Jun-07-11 11:02 PM |
#77 |
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The difference between tax on 250, 000 and 25000 is this.... |
Marrah_G |
Jun-08-11 10:13 AM |
#86 |
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I really don't think it's smart to go above 60% |
IndyPragmatist |
Jun-08-11 10:19 AM |
#90 |
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Your example is actually backward! |
Spike89 |
Jun-08-11 02:59 PM |
#106 |
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Why do have so many billion dollar businesses? |
kentuck |
Jun-08-11 03:28 PM |
#107 |
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Are you responding to my post? |
Spike89 |
Jun-08-11 04:13 PM |
#108 |
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Thanks for your comments. |
kentuck |
Jun-08-11 04:40 PM |
#112 |
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You miss something critical. And the GOP is THRILLED that you do. |
JoePhilly |
Jun-08-11 04:35 PM |
#111 |
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Why Are You Punishing Me? |
ProfessorGAC |
Jun-08-11 07:45 PM |
#116 |
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$50,000/yr = 0% per individual, +1% per each add'l $25,000 capped at 50% - w/ NO exemptions |
Kip Humphrey |
Jun-09-11 07:22 AM |
#120 |
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