Pelican Parts Forums
Page 3 of 3 « Prev 1 2 3
Show 40 post(s) from this thread on one page

Pelican Parts Forums (http://forums.pelicanparts.com/)
-   Off Topic Discussions (http://forums.pelicanparts.com/off-topic-discussions/)
-   -   Middle Class (http://forums.pelicanparts.com/off-topic-discussions/314004-middle-class.html)

artplumber 11-09-2006 04:11 AM
As I said simple math, not effective tax rates.

Rondinone 11-09-2006 04:21 AM
Quote:
Originally posted by Bill Verburg
If true, who cares?

again who cares?

Lets talk only fed payroll tax no deductions or dependents, just to keep it simple

$70k earner will have ~$24k in taxes taken form his pay ~34.3%
$300k earner will have ~$83k taken from his pay ~31.6%

These are the effective rates 34.3% vs 31.6%. Now consider that the first $20k is necessary just to put food on the table and a home to put the table in, Doesn't leave much for fun stuff or heaven forbid savings and investments does it.

A huge part of the reason many have no savings is explained by the tax rate inequity.

There is class warfare in this country and it is being successfully waged by the haves against the wanna haves.
I agree Bill. We can clear all this up by canning Social Security. Thanks for the idea!

hardflex 11-09-2006 07:14 AM
oops been covered already.

Superman 11-09-2006 08:36 AM
Quote:
Originally posted by m21sniper
..... there is nothing remarkable about me......at all.
Looks like we've found something we can agree on.

m21sniper 11-09-2006 08:37 AM
Quote:
Originally posted by Superman
Looks like we've found something we can agree on.
If you'd stop talking the flies would stop flying in your mouth.

Just some 'friendly' advice. :D

m21sniper 11-09-2006 08:38 AM
Quote:
Originally posted by 450knotOffice
I'm with Sammy and m21sniper on this one.
We appreciate your support my friend. :)

widebody911 11-09-2006 09:36 AM
$300k earner will have ~$83k taken from his pay ~31.6%

This is a red herring: guys pulling in that kinda green pay accountants to get that $83k closer to $24k.

tc-sacto 11-09-2006 12:01 PM
Quote:
Originally posted by widebody911
$300k earner will have ~$83k taken from his pay ~31.6%

This is a red herring: guys pulling in that kinda green pay accountants to get that $83k closer to $24k.
Thom,
I have to disagree, that statment in itself is a redhearing statement. And I believe most peopel actually believe your statement to be true, when in fact it isn't.

That may be the case for a business owner, but you'd have to have real expenses to deduct to get you income down.

A w2/1099 earner would have very limited avenues available to reduce that income. One option might be owning rental real estate as a business, but you'd still have to shell out cashflow to create a deduction. Shell out a $1.00 expense for a .35 deduction. They'd still be out .65


All times are GMT -8. The time now is 11:14 AM.
Page 3 of 3 « Prev 1 2 3
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website


DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.