Today I become more conservative

[desy]

Well Stunt
My taxes been paying for your drain on our society for the last 20 yrs.
Now I want soemthing back from you so you can pay tax for my kids as I paid for your birth, your education and so on.
Its called living in a society, you want military commitments? pay for it.
and no not every dollar is spent wisely, but neither is money spent in private industry, I've worked both. As long as productivety of something of value is generated, the money spent and reciprocates around a bit you will be just fine, our economy just fine and a place where you would hope to raise children who have equal or better opportunity than you. I really wouldn't lose too much sleep over it. If your didn't realized the states gets taxed almost as much as Canadians do, you must not actually read a lot of PN posted articles.
Red states don't get taxed but lag in almost every other measurable quality of life indicator because of it.

 

[beyoku]

OR you can try using the "Federal Mafia" tactic and send a letter the the IRS telling them under section "blah blah" of the tax code you are "exempt" from paying "income taxes" and see what happens. I was going to try it, i was about to buy the book and then it was banned.

Not sure if you heard of this guy but around that time it was banned I was talking about it at work. Since we were all interested we thought it would be fun to call the IRS and ask them about the law. This may not mean anything but the IRS could NOT give us ANY real answer on the subject. I was passed to more than 10 people, before a "manager" never called me back. Same thing for about 7 of the associates in my area. One person got the book off ebay and followed the method....he claimed he got a check but who knows.

click me

 

[Engineer]

Originally posted by: Rainsford

Originally posted by: cKGunslinger
*hugs his 6% effective rate tenderly*

How exactly do you get away with that?

Considering SS/Medicare payroll tax is 7.65%, it's pretty hard. The only way that I could see it is "Earned Income Credit" in which he gets back more than he paid in, but I doubt it. I think he may be forgetting SS and possibly state taxes (assuming his state has a state tax).

 

[imported_Condor]

Originally posted by: Stunt

Originally posted by: Malfeas
Seattle

Damn, I didn't think US income taxes were more than Canadian!
I guess the Blues pay more than the Reds though...

We still get a break on the Provencial sales tax and the other one (ad volerum, I think). Our capital gains isn't nearly as stiff either. Taxes still bite, though.

 

[dclapps]

Right now I'm in my student years so I get a great percentage back [something like 10 percent total taken when it's all said and done]. Now if I can only find this FICA character...

 

[zendari]

Originally posted by: Vic
One good paycheck (and the subsequent shock at the realization between gross vs. net) is usually all it takes...

The average American works 5 months a year to pay off the Feds.

I'm at about 22% net tax rate with only about $10k of summer income. $600 flushed into the SS ponzi scheme.

 

[Rainsford]

Originally posted by: zendari

Originally posted by: Vic
One good paycheck (and the subsequent shock at the realization between gross vs. net) is usually all it takes...

The average American works 5 months a year to pay off the Feds.

I'm at about 22% net tax rate with only about $10k of summer income. $600 flushed into the SS ponzi scheme.

Boy it would be nice if the federal government could spend less money. Which party can I vote for to do that? The tax and spend party or the spend and...uh...uh... party

 

[Engineer]

Originally posted by: Rainsford

Originally posted by: zendari

Originally posted by: Vic
One good paycheck (and the subsequent shock at the realization between gross vs. net) is usually all it takes...

The average American works 5 months a year to pay off the Feds.

I'm at about 22% net tax rate with only about $10k of summer income. $600 flushed into the SS ponzi scheme.

Boy it would be nice if the federal government could spend less money. Which party can I vote for to do that? The tax and spend party or the spend and borrow...uh...uh... party

Completed to reflect the current regime!


P.S. 5/12 (5 months divided by 12 months) = 41%. I doubt that most American's work and pay 41% of their pay to the Federal government. Maybe overall taxes, but not Federal alone.

 

[Proletariat]

Originally posted by: Stunt
As many of you know, I've started my first real career job out of university. Today was my first payday, and was I ever excited; monthly salary = big bucks!!

So I open up my pay stub to see the government take 30% of my money.

Of this large amount of money, 5% was for the Canadian Pension Plan and 2% for Unemployment Insurance.

Now fortunately, with all the tax credits I have accumulated over the last 4 years of being a student will allow me to get all this money back come tax time. But this is a short term effect on the big picture.

Therefore today I become extra critical of government spending and advocate the rise of economic freedom!!

LOL pretty flakey eh?

 

[Stunt]

Originally posted by: Proletariat
LOL pretty flakey eh?

Flakey?

 

[zendari]

Originally posted by: Engineer

P.S. 5/12 (5 months divided by 12 months) = 41%. I doubt that most American's work and pay 41% of their pay to the Federal government. Maybe overall taxes, but not Federal alone.

That is correct. My mistake.

Nobody is willing to give up their government entitlements, and neither party is willing to stick up for the freedom of the people and slash these social ballooning budgets.

The American Republic will endure, until politicians realize they can bribe the people with their own money.
? Alexis de Tocqueville

 

[Engineer]

Originally posted by: zendari


The American Republic will endure, until politicians realize they can bribe the people with their own money.
? Alexis de Tocqueville

That I can agree on (at least the part where politicians are bribing their voters). Charrison is right, people vote themselves the treasury...regardless if they pay into it or not.

Borrowing ourselves out of existance? Maybe.....time will tell.

 

[Rainsford]

Originally posted by: Engineer

Originally posted by: Rainsford

Originally posted by: zendari

Originally posted by: Vic
One good paycheck (and the subsequent shock at the realization between gross vs. net) is usually all it takes...

The average American works 5 months a year to pay off the Feds.

I'm at about 22% net tax rate with only about $10k of summer income. $600 flushed into the SS ponzi scheme.

Boy it would be nice if the federal government could spend less money. Which party can I vote for to do that? The tax and spend party or the spend and borrow...uh...uh... party

Completed to reflect the current regime!


P.S. 5/12 (5 months divided by 12 months) = 41%. I doubt that most American's work and pay 41% of their pay to the Federal government. Maybe overall taxes, but not Federal alone.

Heh, touche.

 

[Proletariat]

Originally posted by: Stunt

Originally posted by: Proletariat
LOL pretty flakey eh?

Flakey?

That is - something like your first paycheck prompts you to do this.

 

[Stunt]

Originally posted by: Proletariat

Originally posted by: Stunt

Originally posted by: Proletariat
LOL pretty flakey eh?

Flakey?

That is - something like your first paycheck prompts you to do this.

Don't worry, I'm not THAT conservative...
I still have some compassion and morality.

Just a growing pain at the moment

 

[Proletariat]

Originally posted by: desy
Well Stunt
My taxes been paying for your drain on our society for the last 20 yrs.
Now I want soemthing back from you so you can pay tax for my kids as I paid for your birth, your education and so on.
Its called living in a society, you want military commitments? pay for it.
and no not every dollar is spent wisely, but neither is money spent in private industry, I've worked both. As long as productivety of something of value is generated, the money spent and reciprocates around a bit you will be just fine, our economy just fine and a place where you would hope to raise children who have equal or better opportunity than you. I really wouldn't lose too much sleep over it. If your didn't realized the states gets taxed almost as much as Canadians do, you must not actually read a lot of PN posted articles.
Red states don't get taxed but lag in almost every other measurable quality of life indicator because of it.

Probably the best post in here.

 

[cKGunslinger]

Originally posted by: Rainsford

Originally posted by: cKGunslinger
*hugs his 6% effective rate tenderly*

How exactly do you get away with that?

What do you mean? That's just federal income tax rate, doesn't include SS, Medicare, etc. And Texas has no state income tax. Maybe I used the phrase "effective" wrong?

Decent salary, pre-tax 401k contributions and medical, wife, 2 kids, mortgage. Brings it right down.

 

[cwgannon]

Originally posted by: Stunt
As many of you know, I've started my first real career job out of university. Today was my first payday, and was I ever excited; monthly salary = big bucks!!

So I open up my pay stub to see the government take 30% of my money.

Of this large amount of money, 5% was for the Canadian Pension Plan and 2% for Unemployment Insurance.

Now fortunately, with all the tax credits I have accumulated over the last 4 years of being a student will allow me to get all this money back come tax time. But this is a short term effect on the big picture.

Therefore today I become extra critical of government spending and advocate the rise of economic freedom!!

Congrats on moving one step closer to the "this world is all about me" crowd.

 

[kogase]

I get taxed about 30% working in NYC. Doesn't bother me. It's the cost of living in and maintaining a free and prosperous society.

 

[Stunt]

Originally posted by: kogase
I get taxed about 30% working in NYC. Doesn't bother me. It's the cost of living in and maintaining a free and prosperous society.

Where do you draw the line?

40%, 50%, 90%??

 

[imported_tss4]

I draw the line at when I feel taxes burden society more than help it with public works.

 

[kogase]

Originally posted by: Stunt

Originally posted by: kogase
I get taxed about 30% working in NYC. Doesn't bother me. It's the cost of living in and maintaining a free and prosperous society.

Where do you draw the line?

40%, 50%, 90%??

Once a bottom-tier job can no longer cover the costs of living, taxes are too high (or minimum wage is too low, or a combination of both). Actually, I should probably gain a little more knowledge of government income and expenditure before I go around drawing any sort of line. However, subjectively I'm not uncomfortable with the current 30% drain on my income.

 

[imported_tss4]

Originally posted by: kogase

Originally posted by: Stunt

Originally posted by: kogase
I get taxed about 30% working in NYC. Doesn't bother me. It's the cost of living in and maintaining a free and prosperous society.

Where do you draw the line?

40%, 50%, 90%??

Once a bottom-tier job can no longer cover the costs of living, taxes are too high (or minimum wage is too low, or a combination of both). Actually, I should probably gain a little more knowledge of government income and expenditure before I go around drawing any sort of line. However, subjectively I'm not uncomfortable with the current 30% drain on my income.

A bottom tier job has a hard time covering the cost of living now... and bottom tier incomes don't pay tax. So you can't really use that as your line.

 

[kogase]

Originally posted by: tss4

Originally posted by: kogase

Originally posted by: Stunt

Originally posted by: kogase
I get taxed about 30% working in NYC. Doesn't bother me. It's the cost of living in and maintaining a free and prosperous society.

Where do you draw the line?

40%, 50%, 90%??

Once a bottom-tier job can no longer cover the costs of living, taxes are too high (or minimum wage is too low, or a combination of both). Actually, I should probably gain a little more knowledge of government income and expenditure before I go around drawing any sort of line. However, subjectively I'm not uncomfortable with the current 30% drain on my income.

A bottom tier job has a hard time covering the cost of living now... and bottom tier incomes don't pay tax. So you can't really use that as your line.

I guess when I was thinking bottom-tier I was thinking about a job like mine (testing software). Relatively unskilled and menial labor, at a wage that's just barely livable in the city. I mentioned minimum wage because it's a decent benchmark to weigh practical income against.

 

[EatSpam]

Originally posted by: zendari

Originally posted by: Engineer

P.S. 5/12 (5 months divided by 12 months) = 41%. I doubt that most American's work and pay 41% of their pay to the Federal government. Maybe overall taxes, but not Federal alone.

That is correct. My mistake.

Nobody is willing to give up their government entitlements, and neither party is willing to stick up for the freedom of the people and slash these social ballooning budgets.

I'd be willing to cut military spending by 75% and reduce the size of the Fed's wealth redistribution scheme.