These small “surprise” taxes are so annoying

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.

You may have a high income, but you're dumb as a door knob.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Equity aside, a 15 percent flat tax would be woefully inadequate to cover the costs of government. You would have to slash government expenditures. And not things like foreign aid which are negligible, but medicare, food stamps, military spending, healthcare etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s a way of increasing taxes on the wealthy without changing the basic tax rates. Smoke and mirrors!

Actually, no. They increase taxes on the middle class, the thresholds are between 200-300k and NOT indexed to inflation. You think a family making 250k in a major city is rich? And in 10 years it’ll be even worse and affect an even greater percentage of the population.

I am one of those people and yes, we are rich.

Boomer attitude. You’re probably 60+ and bought your house in 1990 so you’re insulated from the worst of inflation. And you think 250k is the same as in the 90’s too.

[Anonymous]

I am millennial and agree with 15 % flat tax, also no social security and no Medicare, just let me invest my own money

[Anonymous]

Anonymous wrote:I am millennial and agree with 15 % flat tax, also no social security and no Medicare, just let me invest my own money

Go read a history book. Social safety net isn't for the wealthy.

[Anonymous]

Anonymous wrote:Be grateful that you have a good paying job. Taxes are small price to pay.

Typical Democrat.

Be glad you pay taxes!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Equity aside, a 15 percent flat tax would be woefully inadequate to cover the costs of government. You would have to slash government expenditures. And not things like foreign aid which are negligible, but medicare, food stamps, military spending, healthcare etc.

For flat tax enthusiasts that is a feature and not a bug

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Equity aside, a 15 percent flat tax would be woefully inadequate to cover the costs of government. You would have to slash government expenditures. And not things like foreign aid which are negligible, but medicare, food stamps, military spending, healthcare etc.

For flat tax enthusiasts that is a feature and not a bug

They want to live in a first world country with the financing structure of a third world country.....none of them would actually want to move to a country where the rich pay their own way and everyone else makes shift

[Anonymous]

Anonymous wrote:Two things can be true at once:

1) these small surprise taxes are annoying
2) they are fair/reasonable for the 12 percent of households with incomes above $200K, which is more than 2.5x the median income, given that we have a graduated tax system

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.

If you don't like this, you would hate the phase out for eitc, savers credit, and non-tax programs like SNAP, SSI, housing vouchers, and TANF. A 4.7% marginal tax rate is nothing...many have rates that exceed 20%!

THIS RIGHT HERE

[Anonymous]

Anonymous wrote:3.8% NIIT was added to fund Obamacare.

+100

How did you vote op?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.

It is irksome that you get paid at such a high rate while others who work harder don't.