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tax info

Posted: May 10th, 2008, 5:20 am
by one love
The U.S. tax system is highly progressive. The top 1 percent of income earners, by household, paid 39 percent of all federal income taxes in 2005, whereas the bottom 50 percent paid a little over 3 percent. Further, 32 percent of all tax returns filed in 2005 were from people who paid no federal income tax at all.

Posted: May 10th, 2008, 6:07 am
by Jennifer Smith
Haven't you ever heard of Robin Hood? :lol:

Posted: May 10th, 2008, 6:46 am
by Mole_J
I would love it if we went to The Fair Tax.

Posted: May 10th, 2008, 6:58 am
by TW
Jennifer Smith wrote:Haven't you ever heard of Robin Hood? :lol:


Jennifer,
Following that logic, it removes all incentives to be financially successful. What is the point of working hard to gain financially when the government (Robin Hood? Yeah, right!) is going to steal it from you and give it to a bunch of people that are too lazy to work for their own money? Our tax system penalizes the successful and rewards the slacker.


TW

Posted: May 10th, 2008, 10:08 am
by PastorP
Mole_J wrote:I would love it if we went to The Fair Tax.


I would prefer a National Sales Tax, which would exclude Healthcare, Prescriptions, and food. If you buy it, you pay the tax.

If you want to live on welfare, you should have to work for the government. Cleaning offices, roads and highways etc., unless you can substantiate a physical disability which prevents you from being able to work.

Just a thought!

Posted: May 10th, 2008, 10:20 am
by DaJudge
PastorP wrote:
Mole_J wrote:I would love it if we went to The Fair Tax.


I would prefer a National Sales Tax, which would exclude Healthcare, Prescriptions, and food. If you buy it, you pay the tax.



Pastor P, that's what the Fair Tax is, a national retail sales tax. I'm for it too.

Posted: May 10th, 2008, 11:49 am
by PastorP
DaJudge wrote:
PastorP wrote:
Mole_J wrote:I would love it if we went to The Fair Tax.


I would prefer a National Sales Tax, which would exclude Healthcare, Prescriptions, and food. If you buy it, you pay the tax.



Pastor P, that's what the Fair Tax is, a national retail sales tax. I'm for it too.


Excuse me, I thought you meant the the "flat rate" tax! I think that is the right name. Sorry for the mistake.

Posted: May 10th, 2008, 12:54 pm
by Full Quiver
I would prefer a National sales tax as well and eliminate the current tax code but I cannot agree with this quote....
is going to steal it from you


As long as the Income tax amendment is legal and fully ratified by all states and all congressmen and women are elected by the people then it CANNOT be stealing. It may not be fair, but it is not stealing.

How many have actually contacted their elected reps. and voiced their concern over this issue?

Posted: May 10th, 2008, 1:30 pm
by Mole_J
Full Quiver wrote:I would prefer a National sales tax as well and eliminate the current tax code but I cannot agree with this quote....
is going to steal it from you


As long as the Income tax amendment is legal and fully ratified by all states and all congressmen and women are elected by the people then it CANNOT be stealing. It may not be fair, but it is not stealing.

How many have actually contacted their elected reps. and voiced their concern over this issue?


I follow your logic, but it is legalized stealing :wink:

Posted: May 10th, 2008, 1:46 pm
by one love
Full Quiver wrote:I would prefer a National sales tax as well and eliminate the current tax code but I cannot agree with this quote....
is going to steal it from you


As long as the Income tax amendment is legal and fully ratified by all states and all congressmen and women are elected by the people then it CANNOT be stealing. It may not be fair, but it is not stealing.

How many have actually contacted their elected reps. and voiced their concern over this issue?


BINGO!!!!!! I tell you that is the ticket if we all write our congresmen and senators and everyone else who cares about polls change can happen.
The hr25 bill is the one thing that can boost the economy, kill the deficit, save social security and most of create jobs because of the tax burden relieved from buisness. No more Of me paying someone $1000.00 then taking out $200.00 for taxes then having to match the $200 tax that was already taken out so every employee is paid on twice. So they pay there tax and so do I, that is not right and not fair. For the increase tax guys I hope you realize this is what happens we have to match every dollar taken out of your check if that rises we have to lay off people. I only have 14 people on payroll imagine just 14 people having $200 taken out a week and me matching it. It is wrong.
It is the greatest idea and can work.

Posted: May 10th, 2008, 1:48 pm
by one love
Mole_J wrote:
Full Quiver wrote:I would prefer a National sales tax as well and eliminate the current tax code but I cannot agree with this quote....
is going to steal it from you


As long as the Income tax amendment is legal and fully ratified by all states and all congressmen and women are elected by the people then it CANNOT be stealing. It may not be fair, but it is not stealing.

How many have actually contacted their elected reps. and voiced their concern over this issue?


I follow your logic, but it is legalized stealing :wink:


yes it is because they have the guns and will win so if we dont pay we get shut down :lol: :lol: :lol: :lol:

Posted: May 10th, 2008, 3:45 pm
by dbserv
Hey one love:


Your state taxes must be extremely high. I thought CA had some of the highest tax rates, but even we aren't that bad.


If you are talking about the Federal tax rate (which it seems like since you referencing US legislators), then your amounts are way off.

The only amounts that you take out of the employee's check and "MATCH", are the FICA and Medicare deductions. The FICA is 6.2% and the Medi is 1.45%.

So, the total that you take out on that $1,000.00 check (that you referenced) is $76.50 for these 2 deductions. And, your matching amount would be $76.50 as well, for a total of $153.00.


The other deductions that are taken out of the employee's pay check are for the federal income tax, and in most states, the state income tax. These are NOT items that you, the employer, have to match.

Here in CA, we also have SDI (state disability insurance) taken out. Again, the employer does NOT match that amount.


Also, here in CA, the employer has to pay for UI (unemployment insurance), and Worker's Comp Insurance. But, the employee doesn't contribute to those funds.






I agree that a better tax system is needed, but< IMHO, it's better to be accurate in our statements when arguing a position on this.

Posted: May 10th, 2008, 4:14 pm
by TW
Full Quiver wrote:I would prefer a National sales tax as well and eliminate the current tax code but I cannot agree with this quote....
is going to steal it from you


As long as the Income tax amendment is legal and fully ratified by all states and all congressmen and women are elected by the people then it CANNOT be stealing. It may not be fair, but it is not stealing.

How many have actually contacted their elected reps. and voiced their concern over this issue?


FQ,
Look at the quote in the context in which it was used. Jennifer Smith had used the analogy of Robin Hood, you know, "Steal from the rich and give to the poor!" I was responding to that analogy.

As far as it isn't stealing because it's legal goes, let me ask you this. If "Abortion on Demand" is legal, is it any less murder? While stealing and murder are legal situations they are foremost moral issues. There are laws above those imposed by mortal men.


TW

Posted: May 10th, 2008, 4:59 pm
by one love
dbserv wrote:Hey one love:


Your state taxes must be extremely high. I thought CA had some of the highest tax rates, but even we aren't that bad.


If you are talking about the Federal tax rate (which it seems like since you referencing US legislators), then your amounts are way off.

The only amounts that you take out of the employee's check and "MATCH", are the FICA and Medicare deductions. The FICA is 6.2% and the Medi is 1.45%.

So, the total that you take out on that $1,000.00 check (that you referenced) is $76.50 for these 2 deductions. And, your matching amount would be $76.50 as well, for a total of $153.00.


The other deductions that are taken out of the employee's pay check are for the federal income tax, and in most states, the state income tax. These are NOT items that you, the employer, have to match.

Here in CA, we also have SDI (state disability insurance) taken out. Again, the employer does NOT match that amount.


Also, here in CA, the employer has to pay for UI (unemployment insurance), and Worker's Comp Insurance. But, the employee doesn't contribute to those funds.






I agree that a better tax system is needed, but< IMHO, it's better to be accurate in our statements when arguing a position on this.



it was a generalization alone.................the point was missed but I can give you even better figures if you like..

Posted: May 11th, 2008, 7:16 am
by dbserv
one love wrote:it was a generalization alone.................the point was missed but I can give you even better figures if you like..




I realize that it was a generalization. I did NOT miss your point - see my last sentence. But, too many times our points are dismissed by the politicians (and others that we are appealing to) when we don't use accuracy and facts to support our generalizations. It weakens our position and doesn't accomplish our goal.



On the flip side, I wonder what Jesus would say??????????????

After all, He did say to pay to Caeser what was Caeser's. Hmmmmmmmmmmmmmmmmmm ???????????????????????????????