Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 9:59:33 GMT -5
They are also more likely to be retired or self-employed, and may be charitably inclinedThe lefties should be happy they pay no taxes, they cut the government out of the loop & give directly. Actually the article didn't say anything about tax at the other end, where those rich people pay to spend their money.
|
|
|
Post by commentator on May 13, 2011 12:44:40 GMT -5
I read the article. 68% (63.2 million) people earning less than $50,000 have no tax liability. 1% (4,000) people earning more than $1 million have no tax liability, with the explanation that many of these people may have had huge losses or whose income is from tax-free investments like municipal bonds. OK.... these statistics are interesting, and clearly show that people in both income categories (as well as the categories in between) sometimes have no federal tax liability. 43.5 million taxpayers with AGI under $50,000 (total less than $2 billion) paid over $78 million of federal income tax. (2008 data) 18,000 taxpayers with AGI over $500,000 (a MINIMUM total of at least $11 billion, probably more than $16 billion) paid a total of 0.00 federal income tax. I'm still asking. Of those who think the 43.5 million are getting a better deal than they deserve, what is your opinion of the 18,000?
|
|
|
Post by commentator on May 13, 2011 12:47:05 GMT -5
so.... would you like to tax the non taxable federal/state/local bonds? ..... I'm only trying to determine if those who have negative opinions of the poor who pay no taxes have the same negative opinions of the rich who pay no taxes.
|
|
burnsattornincan
Well-Known Member
Joined: Dec 25, 2010 23:05:21 GMT -5
Posts: 1,398
|
Post by burnsattornincan on May 13, 2011 12:55:39 GMT -5
18,000 taxpayers with AGI over $500,000
If you have a reported adjusted gross income of 500,000 (and no offsetting losses from previous years) you are going to pay taxes on it. What the hell are you talking about?
And if you simply come back with the same question then my answer is; I love the rich!
|
|
Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 13:02:57 GMT -5
so.... would you like to tax the non taxable federal/state/local bonds? ..... I'm only trying to determine if those who have negative opinions of the poor who pay no taxes have the same negative opinions of the rich who pay no taxes. Well..... Since you asked nicely...... It depends on HOW they paid no taxes..... If all muni bond income....no problem If charitable contributions exceeded income....no problem If losses in business exceeded other income....no problem Those all benefit society.....even though they paid no income tax So....how they escaped the evil taxman does matter
|
|
Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 13:03:18 GMT -5
This message has been deleted.
|
|
Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 13:03:58 GMT -5
This message has been deleted.
|
|
floridayankee
Junior Associate
If You Don't Stand Behind Our Troops, Feel Free to Stand in Front of Them.
Joined: Dec 20, 2010 14:56:05 GMT -5
Posts: 7,461
|
Post by floridayankee on May 13, 2011 14:39:59 GMT -5
43.5 million taxpayers with AGI under $50,000 (total less than $2 billion) paid over $78 million of federal income tax. (2008 data) 18,000 taxpayers with AGI over $500,000 (a MINIMUM total of at least $11 billion, probably more than $16 billion) paid a total of 0.00 federal income tax. I'm still asking. Of those who think the 43.5 million are getting a better deal than they deserve, Considering 43.5 million earners paying a combined $79 million ("over $78 million" rounded up) in FIT, that works out to $1.82 each, yeah, I'd say they're getting a hell of a deal. They get the exact same federal government that cost DW and I thousands. They invested wisely. In my opinion of course. When you think of the (previously taxed) money needed to purchase enough state muni's to earn more than $500k tax exempt income.....wow. Thank God for them evil rich people for keeping the states functioning.
|
|
Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 14:58:53 GMT -5
so.... would you like to tax the non taxable federal/state/local bonds? ..... I'm only trying to determine if those who have negative opinions of the poor who pay no taxes have the same negative opinions of the rich who pay no taxes. I only have a negative opinion on how the considerable taxes I've paid were used, while working my way up to my evil idle rich status.
|
|
Deleted
Joined: May 3, 2024 22:19:20 GMT -5
Posts: 0
|
Post by Deleted on May 13, 2011 15:05:23 GMT -5
I love rich people!! They pay out the backside in so many ways, but if you want to call it out over some stat go right ahead. Even IF some rich guy paid no "taxes".... lots of taxes... they spend the money which creates the jobs which ............on and on we go. God BLESS wealth!
|
|
|
Post by commentator on May 13, 2011 19:54:16 GMT -5
From the tenor of posts to this thread it is pretty clear that people who denounce, demean and disrespect poor people for not paying income taxes do NOT have the same negative feelings towards rich people who do not pay income taxes. That is exactly what I expected.
By the way, I wish I made enough income last year to owe $1,000,000 in federal income taxes. I have nothing against the rich. It's people with double standards that frost me.
|
|
burnsattornincan
Well-Known Member
Joined: Dec 25, 2010 23:05:21 GMT -5
Posts: 1,398
|
Post by burnsattornincan on May 13, 2011 20:22:00 GMT -5
That is exactly what I expected.
Well thanks for coming out tax man!
|
|
|
Post by commentator on May 13, 2011 23:28:57 GMT -5
There is a user with the screen name taxman10. While he should feel complimented when I'm addressed as taxman, he might not.
|
|
burnsattornincan
Well-Known Member
Joined: Dec 25, 2010 23:05:21 GMT -5
Posts: 1,398
|
Post by burnsattornincan on May 13, 2011 23:41:44 GMT -5
Ok, don't want to upset the guy. Anyhow, just what are "illegal tax protesters" anyway?
|
|
hello fromWarsaw
Senior Member
Hiya! Wake UP!!
Joined: Feb 13, 2011 1:24:04 GMT -5
Posts: 2,044
|
Post by hello fromWarsaw on May 14, 2011 1:35:17 GMT -5
|
|
formerexpat
Senior Member
Joined: Dec 18, 2010 12:09:05 GMT -5
Posts: 4,079
|
Post by formerexpat on May 14, 2011 14:50:28 GMT -5
The poor benefit disproportionately from those payroll taxes in retirement. They actually receive more money than they pay into the system.
The rich on the other hand are shafted in this arrangement by the government. The SS system is just another welfare system that rewards the poor.
|
|
shelby
Well-Known Member
Joined: Jan 17, 2011 21:29:02 GMT -5
Posts: 1,368
|
Post by shelby on May 14, 2011 15:35:10 GMT -5
"The SS system is just another welfare system that rewards the poor."
This is such an arrogant statement, rewards them for what working hard for low pay. The rich are shafted? Why because they benefit the most from society. I have said it before there will always be poor people it is the nature of capitalism there has to be bottom who benefit the least to allow the rich to benefit the most. Do you really want to live in a society where we do not take care of those the worst off, and why if you do? How much of high income is being disproportionately given to poor? since you are only taxed up to a certain amount for SS Medicare I could imagine it is very small amount. Will rich be struggling over paying SS or will poor be struggling without it. Or do you care?
|
|
txbo
Familiar Member
Joined: Apr 1, 2011 4:07:47 GMT -5
Posts: 547
|
Post by txbo on May 14, 2011 19:22:55 GMT -5
We have 5.55 million American households with investible assets of $1 million or more, not including their primary residence. 1.1 million of the 5.55 are ultra-high-net-worth households those with $5 million or more in investable assets. While the job market may be flat the number of millionaires in the U.S. is on a rise, with the number of households worth at least $1 million is up 16% from last year. I believe this increase is from market returns not income from actual work. From personal experience and not working for years, my returns have far exceeded my expectations. My true income tax last year was 9.5%. Household wealth was $56.8 trillion at the end of 2010, and millionaires control about 56% of U.S. wealth.
|
|
formerexpat
Senior Member
Joined: Dec 18, 2010 12:09:05 GMT -5
Posts: 4,079
|
Post by formerexpat on May 14, 2011 22:02:29 GMT -5
SS benefits are taxed at $32k in income for MFJ: www.ssa.gov/planners/taxes.htmThe threshold has nothing to do with the disproportionate benefit that the "poor" get over the "rich", in this case, $32k. I don't like taxes as the solution to peoples problems; for the rich or for the poor. But I definitely don't agree with taking from one to give to another. I believe charities and communities can do and would do much better than the government. Never said that - I just don't think the federal government is the solution [it's a proven failure]. And I also don't believe it's the governments responsibility to allow citizens to suck on its tits. You'll inevitably have too many people lining up for not enough tits.
|
|