Today I added up all the tax I pay

[Throckmorton]

LOL! Fuck you, yep, I'm white, I'm male and I'm going to continue to make money. Try and stop me from being successful in this great country. You can't you fucking socialist. See you in November.

The reason you're making so much money is because you live in this socialist country. Didn't you got o public school?

 

[Throckmorton]

I never claimed to be rich, and your right, my bottom line is what counts. It's my life, MY money that I work my ass off for.

And I will not suffer guilt for my success and be "grateful". I am grateful for my good decisions.

OP - you work in geography, get your foot into oil/energy. See the opporunity and grab it.

I was working in oil & gas, and I chose to quit and go into public service... like your wife.

 

[The-Noid]

I was working in oil & gas, and I chose to quit and go into public service... like your wife.

Are you happy? That is all that matters then.

 

[hellod9]

Edited for clarity:

Fuck you, ...you fucking..

 

[Throckmorton]

Are you happy? That is all that matters then.

No I'm not happy, because I don't make enough money. If I made about $3000 more a year I'd break even and then I could be happy. That's why it pisses me off that the wealthy and even the upper middle class act like we're lucky for paying what they consider low taxes. Small amounts of money make big differences at this income level.

 

[The-Noid]

No I'm not happy, because I don't make enough money. If I made about $3000 more a year I'd break even and then I could be happy. That's why it pisses me off that the wealthy and even the upper middle class act like we're lucky for paying what they consider low taxes. Small amounts of money make big differences at this income level.

Well then you are left with a few choices. Your Federal Tax Rate probably isn't going to change anytime soon and compared to the rest of the world at your income, the tax rate would be about 10 points higher, so you should take solace in that. Your choices:

1.) Take a different job.
2.) Makes sacrifices so you can live on $30,000 a year.
3.) Work more hours at your current job assuming you are allowed.
4.) Retrain yourself so you can get a second job.
5.) Bitch about it and do nothing.

Regardless even if the high tax rate goes up (which is likely) your tax rate isn't going down (if only possibly by the inflation adjusted bracket and your wages are stagnant).

 

[JS80]

BTW I'm not jealous of js80. But I'm annoyed that people at his income level complain about how much they pay in taxes and act like poor people don't pay.

I am jealous, though, of the people who don't do anything but shuffle money around and make millions.

lol you're annoyed at the slave wager 40% tax paying HENRYs but you're just jealous of the idle rich who pay nothing. Go fuck yourself twice.

I believe js80 makes as much as he does because he seems to be a intelligent fellow even though I never agree with him on politics. You on the other hand seem to be a fucking moron and I dont believe for 1 second you make what you say you make.

Wrong. I am not that smart. 1) I believe in God + 2) I'm a conservative = Not smart.

 

[hellod9]

Edited for clarity:

Go fuck yourself twice.

 

[shira]

What are you claiming etc? For instance I can tell you right now there were times I was seeing 40%+ of my paycheck vanish and it SUCKED. I was working 90+ hrs a week and watching it vanish. Sure you get 7k in refund afterwards, but I'd rather not have to deal with a refund.

If you're receiving large state and federal income tax refunds each year, you should claim more withholding allowances to reduce the amount of money withheld from each paycheck.

 

[shira]

Can you describe said loopholes that can be taken advantage of by a dual income white collar family in the top 2%? I would like to take advantage of said loopholes. Please do describe said loopholes.

You get a deduction for your mortgage interest paid. If you're paying 15,000 in interest each year (equates to a mortgage of about 350,000), that's a federal tax savings of about $3750 each year (assuming your marginal tax rate is 25%)..

The health care premiums paid by your employer aren't taxable. For a couple without children, your employer is probably shelling out at least $10,000 in premiums. So you're saving another $2500 in taxes.

And YOUR contribution to health care premiums is paid with pre-tax dollars. That's probably about $2000 for a couple, so you're saving yet another $500.

All told, that's about $6750 in federal tax savings due to loopholes. And I haven't yet counted the amount you save on your state income tax because of these loopholes, which would put you at well over $7,000 saved because of these loopholes.

Any further questions, 'Tard?

 

[soundforbjt]

Can you describe said loopholes that can be taken advantage of by a dual income white collar family in the top 2%? I would like to take advantage of said loopholes. Please do describe said loopholes.

If you can't find a loophole and if you have an accountant and he can't recommend a way, you need to get a new accountant & do some studying.

 

[SilthDraeth]

no thanks, over 50 and under 100k...

Most I made in my life was 43k a year, and had stay at home wife, and two kids, and a mortgage, car payment... Made it just fine.

Granted, I wasn't in an expensive town. Mortgage amounted to $800 a month.

Sometimes I wish I had never left that job and moved to another state hoping the grass would be greener.

It all ended badly for me. Best of luck to you and yours though.

 

[Throckmorton]

Most I made in my life was 43k a year, and had stay at home wife, and two kids, and a mortgage, car payment... Made it just fine.

Granted, I wasn't in an expensive town. Mortgage amounted to $800 a month.

Sometimes I wish I had never left that job and moved to another state hoping the grass would be greener.

It all ended badly for me. Best of luck to you and yours though.

Cost of living makes a huge difference, yet of course the tax rates don't take that into account. $36500 here is equivalent to $21300 in Austin, $23000 in Denver, $31000 in Seattle

 

[Throckmorton]

Well then you are left with a few choices. Your Federal Tax Rate probably isn't going to change anytime soon and compared to the rest of the world at your income, the tax rate would be about 10 points higher, so you should take solace in that. Your choices:

1.) Take a different job.
2.) Makes sacrifices so you can live on $30,000 a year.
3.) Work more hours at your current job assuming you are allowed.
4.) Retrain yourself so you can get a second job.
5.) Bitch about it and do nothing.

Regardless even if the high tax rate goes up (which is likely) your tax rate isn't going down (if only possibly by the inflation adjusted bracket and your wages are stagnant).

1) I've been applying for jobs for about 7 months.

2) There's nothing to sacrifice. I moved to the other side of the island to pay cheaper rent ($850), I don't have a phone payment, I don't have a car payment... Just utilities, gas, food, and interest on student loans and credit cards. Try living in Hawaii on $2080/month.

3) I can't work more hours unless there's some kind of emergency that requires extra work like a hurricane or tsunami.

4) How would I retrain myself? I bought an AutoCAD for Dummies book and started learning it, but my trial ran out. Even if I did teach myself CAD, employers want real training and usually experience.
I have a second job doing GIS for a surveying company, but it's been 2 months and I've gotten zero work. The last I heard, they got a Navy contract, but I haven't gotten any work except giving them input on the project before bidding. Because of the scope of another project they were bidding on, I told them they needed a GIS analyst, so they hired some guy on the mainland to work remotely. Well, they never got that contract, but they still have that guy so they may be giving him all the work I'd have gotten. Guess that's what I get for doing the right thing.

5) Well there's nothing I can do about the amount of taxes I pay except bitch... And I'm sick and tired about hearing how I don't pay any taxes and I'm a deadbeat 47%er and that only the rich are worthwhile members of society.

 

[ericlp]

Federal income: $3,014
Social Security and Medicare: $1,943
State income: $1,883

Total: $6,840
Salary: $36,516
!

Do you pay a power bill? Use a phone? Pay for internet? Do you drive a Car? Pay for Gas to mow your lawn? Own a home?

You pay more than that in taxes!

 

[sportage]

I know a guy that collects used lottery tickets. Puts them down as gambling losses. Claims last year he had $3000 worth of "losses". He has the losing tickets to back it up.

I was wondering why in the first place, gambling losses are allowed when it comes to taxes?
Guess the mob really does own the government, congress, and the banks...
Now THAT would about explain it all.
Explains why congress is the way they are, the presidents, the political parties, the high courts, that top 1%, state and city government, you name it.

 

[Throckmorton]

Do you pay a power bill? Use a phone? Pay for internet? Do you drive a Car? Pay for Gas to mow your lawn? Own a home?

You pay more than that in taxes!

What?

I spend about $150/month on power, $0 for phone, $200 gas, $45 internet. All those add up to $4800.

 

[IBMer]

Like when the left claims that big corporations pay no taxes? what is that supposed to mean?

That they actually didn't pay any taxes and is some cases actually got refunds?

Take Duke Energy had a profit of 5.4 billion, paid negative 212million in taxes.

 

[The-Noid]

5) Well there's nothing I can do about the amount of taxes I pay except bitch... And I'm sick and tired about hearing how I don't pay any taxes and I'm a deadbeat 47%er and that only the rich are worthwhile members of society.

Well you also need to remember as you are very polarized to the left, there are others that are very polarized to the right. Unfortunately those are the people that control politics now. A vast number of Americans are in the same boat as me. To want others to be less polarized, maybe you need to be less polarized yourself...

In the mean time congratulations on paying 18%, that seems like a fair number based on your income. Unfortunately tax rates are not set based on location, however it is your choice of where to live. Cost of living I am sure is higher where you are then in many places. You are fortunate to live in Hawaii and pay the price for it.

 

[Ausm]

I paid more in federal taxes YTD than your salary and I'm not even in the 1% so go fuck yourself.

I pay more in taxes then he makes also but your response is so childish ,I doubt you could afford to pay attention.

 

[EagleKeeper]

I know a guy that collects used lottery tickets. Puts them down as gambling losses. Claims last year he had $3000 worth of "losses". He has the losing tickets to back it up.

I was wondering why in the first place, gambling losses are allowed when it comes to taxes?
Guess the mob really does own the government, congress, and the banks...
Now THAT would about explain it all.
Explains why congress is the way they are, the presidents, the political parties, the high courts, that top 1%, state and city government, you name it.

Gaming losses are only used to offset reported gaming income.

One also must itemize (1040/Schedule A) to deduct losses.

When Joe Sixpack hits the lottery for $2K, he will not be able to offset the tax on those winnings due to not having enough to use the Schedule A

 

[EagleKeeper]

Throckmorton

You need to not rely on the CC to make it through the daily living.

You apparently do not have the income to pay back what you are spending and will dig yourself digger.

Any possibility of getting a roommate to cut the housing costs in half. That will tip your balance sheet such that you can keep your head above water.

Second jobs may be hard to find, but they are out there. You may have to swallow your pride to get the extra $100-150 /wk.

 

[Londo_Jowo]

Thank you for paying your fair share.

 

[RightIsWrong]

BULL FUCKING SHIT!

What part of they pay ZERO federal income tax can you not understand? The EITC and most all deductions are not available to those "millionaires and billionaires" Have you never filed your taxes? no AMT? No attention to phase out based on income?

It's not a strawman, it's a fact. My guess is OP hasn't done his taxes yet and is instead focusing on what was withheld, not what he actually paid. And you're doing the same, ignoring that all those credits and deductions cannot be taken by "the rich". Rich being any white collar professional male with no kids or a dual income white collar professional family.

Understand facts before you start throwing the strawman word around.

You see, it is posts like this that make it hard to debate anything with an ideologue.

Let's look at facts, shall we?

According to the information provided by the IRS;

http://www.irs.gov/pub/irs-soi/11infallbulincome.pdf

There were 140.5M individual tax returns filed in 2009. Also, according to the IRS, there were a grand total of 26.17M that filed claiming the EITC:

http://www.eitc.irs.gov/central/eitcstats/

That is a whopping 18.63% of all tax filers that claimed the EITC. Please tell me where your talking point 47% number finds the other 40+M tax filers that are getting this benefit or others that will qualify them to pay no federal taxes and explain what they are other than a standard deduction that even the uber rich qualify for as well as the uber poverty level poor.

 

[Tom]

With a kid, they pay no federal income tax. The poor and lower middle class don't pay ANY federal income tax. 47% don't pay ANY federal income tax.

That is a FACT. Time for them to pay their fair share, OP is not paying his fair share. Less than 10% federal tax.

It is fair, and rational. Whatever tax bracket any of you are in, you pay EXACTLY the same tax rate as everybody else, on the same income.

ie, You pay exactly the same amount of taxes on $36k of your income as he does.

If you pay more, it's because you make more.

As far as deductions for kids, you'd need to understand WHY societies exist to understand that. Societies don't exist so rich-tards can buy xboxes and porsches.