You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #64: the stats = total effective rate (includes cap gains) [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-24-10 11:59 PM
Response to Reply #59
64. the stats = total effective rate (includes cap gains)
Printer Friendly | Permalink |  | Top
 
  -How a family of four making $50,000 a year pays no federal income taxes. dkf  Dec-24-10 12:00 PM   #0 
  - So who then pays taxes?  Turbineguy   Dec-24-10 12:07 PM   #1 
  - We'll be paying  Missy Vixen   Dec-24-10 12:19 PM   #6 
  - Same here  eleny   Dec-24-10 12:24 PM   #9 
  - We chose to have children, but they are no longer dependents  DFW   Dec-24-10 01:07 PM   #24 
  - The reason this happened was to keep Christian Conservatives happy  Go2Peace   Dec-24-10 11:09 PM   #54 
  - Agreed. Singles take it where the sun does not shine under US tax code.  bluestate10   Dec-24-10 03:57 PM   #32 
  - According to IRS tables  bbinacan   Dec-24-10 12:55 PM   #19 
  - according to irs tables, in 2007 the top 50% of individual filers took 69.9% of all income.  Hannah Bell   Dec-24-10 03:01 PM   #27 
  - As long as the income disparity is so wide they will continue to. You make most of the income, you  Go2Peace   Dec-24-10 11:11 PM   #56 
  - They do, actually.  lumberjack_jeff   Dec-24-10 03:25 PM   #29 
  - Trucking companies  lefthandedlefty   Dec-24-10 04:20 PM   #37 
  - in 2007, individual filers making under 32.4k were taxed at an average rate of 13+%,  Hannah Bell   Dec-24-10 12:07 PM   #2 
  - Further tax breaks in 2008 and on helped.  dkf   Dec-24-10 12:11 PM   #4 
  - look, you don't get it. that's 38% of HOUSEHOLDS, not 38% of TAX FILERS.  Hannah Bell   Dec-24-10 12:23 PM   #8 
  - Penalties for being child-free and single  Auggie   Dec-24-10 12:17 PM   #5 
     - I know I had more disposable income when I was child-free and single. nt  ZombieHorde   Dec-24-10 12:55 PM   #20 
     - Blame it on the Conservatives and blue dogs  Go2Peace   Dec-24-10 11:14 PM   #57 
  - Yeah... and?  tkmorris   Dec-24-10 12:10 PM   #3 
  - The advantage of the Bush/Obama tax cuts to the middle/lower classes is that  dkf   Dec-24-10 12:29 PM   #12 
     - Actually lower income folks are going to see a slight increase  Rex   Dec-24-10 05:38 PM   #44 
        - Or they may see less of a payout from the Federal Government. .  dkf   Dec-24-10 08:43 PM   #46 
  - Why should they?  Statistical   Dec-24-10 12:22 PM   #7 
  - Because they derive some good from the federal gov., they should  Obamanaut   Dec-24-10 12:38 PM   #15 
     - They are paying their fair share. Federal income taxes is just one small portion of taxation.  Statistical   Dec-24-10 12:40 PM   #16 
  - What, no outcry for them to pay their 'fair share'? No federal income tax liability at  Obamanaut   Dec-24-10 12:25 PM   #10 
  - Where do you get this idea there is "no tax liability"?  Statistical   Dec-24-10 12:28 PM   #11 
  - That is precisely why I edited the post to read "federal tax liability" as soon as I  Obamanaut   Dec-24-10 12:35 PM   #14 
  - Which is an utterly meaningless statistic.  Statistical   Dec-24-10 12:44 PM   #17 
     - I hate it when income taxes are examined in a vacuum.  Chemical Bill   Dec-24-10 04:03 PM   #33 
  - And remember, most of those taxes are deductable if you itemize  notadmblnd   Dec-24-10 12:50 PM   #18 
  - In 2007 the 70 million individual filers making under $32.4K paid income taxes at an average rate of  Hannah Bell   Dec-24-10 12:32 PM   #13 
  - Why is the IRS so behind in calculating these numbers for 2008 and 2009?  dkf   Dec-24-10 01:05 PM   #22 
  - I don't get this "not very different "  toastbutter   Dec-24-10 01:07 PM   #23 
     - um, because $458K is 1431% higher than 32K? and the tax increase is 53%?  Hannah Bell   Dec-24-10 01:32 PM   #26 
        - Tax code has always taxes at a fraction of a % for every $1,000 of income.  bluestate10   Dec-24-10 04:05 PM   #34 
        - if the tax increase was 1431%  toastbutter   Dec-24-10 05:10 PM   #41 
           - Agree. nt.  bluestate10   Dec-24-10 05:34 PM   #43 
           - it's insignificant in terms of historical rates. in 1994 the top effective rate was 26%.  Hannah Bell   Dec-24-10 10:11 PM   #47 
           - Great  toastbutter   Dec-24-10 10:43 PM   #49 
           - it's insignificant.  Hannah Bell   Dec-24-10 10:43 PM   #50 
           - Don't forget about the drop in capital gains, most of which benefits the wealthy  Go2Peace   Dec-24-10 11:19 PM   #59 
              - the stats = total effective rate (includes cap gains)  Hannah Bell   Dec-24-10 11:59 PM   #64 
           - dupe  Hannah Bell   Dec-24-10 10:42 PM   #48 
              - To paraphrase...  toastbutter   Dec-24-10 10:44 PM   #51 
                 - i don't think you know what 1431% v. 50% means.  Hannah Bell   Dec-24-10 10:46 PM   #52 
  - as a single guy making much less, I am not happy about it  hfojvt   Dec-24-10 01:03 PM   #21 
  - Those "other people's kids" will one day be paying your Social Security. You should be kissing their  cottonseed   Dec-24-10 03:14 PM   #28 
  - Providing them with a free K-12 education isn't enough?! Each  WestSeattle2   Dec-26-10 11:04 AM   #68 
  - I have always viewed tax credits and workplace privileges for  bluestate10   Dec-24-10 04:10 PM   #35 
  - Politics and math. Conservatives "values" along with huge income disparity  Go2Peace   Dec-24-10 11:16 PM   #58 
  - Remember, throughout the year they are paying federal taxes on their pay  LynneSin   Dec-24-10 01:14 PM   #25 
  - If they pay a small amount in increments to get a larger return, or a larger  Obamanaut   Dec-25-10 05:05 AM   #66 
  - I have never grossed 50k in my life and I have NET paid EVERY YEAR of my life that I worked.  TheKentuckian   Dec-24-10 03:32 PM   #30 
  - I don't know what system would work.  bluestate10   Dec-24-10 04:38 PM   #40 
     - Yeah, some folks are too focused on eating regularly and decently or having a place to sleep.  TheKentuckian   Dec-24-10 11:03 PM   #53 
        - No, don't you get it?  Foo Fighter   Dec-24-10 11:51 PM   #63 
  - The fly in the ointment when it comes to "tax-talk" is this..  SoCalDem   Dec-24-10 03:52 PM   #31 
  - one of the docs i work with was an anti-tax winger. he went to denmark in a  Hannah Bell   Dec-24-10 04:12 PM   #36 
  - appreciate your rational explanation  handmade34   Dec-24-10 04:22 PM   #38 
  - Some of the 'services' we get are lots of tanks and bombs  DebJ   Dec-24-10 11:21 PM   #60 
  - We are on SSDI and also work part time  Hawkeye-X   Dec-24-10 04:32 PM   #39 
  - My son is in the same position; I understand completely.  DebJ   Dec-24-10 11:29 PM   #61 
  - I'm strongly opposed to this  taught_me_patience   Dec-24-10 05:30 PM   #42 
  - they probably pay at least $4000 in FICA and maybe a few thousand in state income/property taxes  CreekDog   Dec-24-10 05:39 PM   #45 
  - Depending on where you live that ranges from not a lot to almost poverty.  Pavulon   Dec-24-10 11:09 PM   #55 
  - $50,000 is at the bottom of the middle class where I live  slackmaster   Dec-24-10 11:40 PM   #62 
     - median means half the families of four make more, half make less.  Hannah Bell   Dec-25-10 12:58 AM   #65 
        - I've never in my life seen middle class defined in terms of median income  slackmaster   Dec-26-10 10:36 AM   #67 
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC