Anonymous wrote:FYI, the $400,000 in taxes that I am required to pay in taxes every year is not a "pittance".

That figure in and of itself is impressive. How that figure relates to your income is the question. $400,000 on $1 million is fair. $400,000 on $10 million is not.

hahaha

BOO FUCKING WAAAAH.

married
income-149000 and 100000
3 dependents -none in college
RE taxes 10000
state tax 10000
charitable donations 1000
childcare 12000

pre cuts 54,445 22%
expire 60,692 24%
obama 54,445 22%



change the income only
income 149,000 and 150000
73,514 25%
81,472 27%
73514 25%

http://interactive.taxfoundation.org/taxcalc/

Hehheh-every time I drive through Tysons and see the mess I think about the money that comes from some where....every time I read about state dept of education [like the needs of MONTCO are different from NOVA?]...yes algebra changes from state to state....

PP here, my post is not replying to 13:33, just a general question.

So the gross income is ~1.6 million.
Why should a person NOT pay 400K taxes on that??

Still leaves you with 1.2 million income.

A family that makes 200K and as an example pays 50K in taxes has then 150K left- why is that better, less painful or whatever than the situation with 400K taxes?

I was the poster who had more than 400. My tax divided by taxable income is 24%. It will go down as I start taking capital gains in the future. But I am not the 400k tax complainer. I think I am getting a good deal.

PP Care to share your gross income and what percent of that is your $400K tax bill?

Anonymous wrote:FYI, the $400,000 in taxes that I am required to pay in taxes every year is not a "pittance".

Get over it. It's not that much, I have you beat. Neither of us has unmet financial needs.

Anonymous wrote:FYI, the $400,000 in taxes that I am required to pay in taxes every year is not a "pittance".

Would you like some ass cheese* with that whine?



*a real product, made from donkey milk, costs about $700/lb, making it possibly the world's most expensive cheese

FYI, the $400,000 in taxes that I am required to pay in taxes every year is not a "pittance".

It's silly and ridiculous that the wealthy are so opposed to investing tax dollars into their country. The proportionally small amounts they are being asked to contribute to the commonwealth of our nation will enrich us all and not diminish their quality of life at all. Eventually as the wealth of the nation increases the wealth of our capitalist class will grow exponentially far outpacing the relative pitance they have paid in taxes.

Why else would the likes of the Koch brothers, Sheldon Addelson and the rest their billionaire compatriots be willing to spend millions to support Romney who continue their historically low tax rates and favorable tax laws to preserve their wealth.

Anonymous wrote:http://www.cnbc.com/id/48257611

This is a link to an interesting article on the falling fortunes of the 1% during the recession and their tax rates in comparison to the effects of the recession on the middle class.

I hate to point out the obvious, but that chart is for 2007-2009. The stock market took a beating back then, and it is now 30% higher than it was at the end of 2009.

Anonymous wrote:http://www.cnbc.com/id/48257611

This is a link to an interesting article on the falling fortunes of the 1% during the recession and their tax rates in comparison to the effects of the recession on the middle class.

Well. There is a big difference between earning 250,001 and 2,500,010. Perhaps Obama needs to vacate the 250 magic number with more gradations for income. Or raise all rates.

http://www.cnbc.com/id/48257611

This is a link to an interesting article on the falling fortunes of the 1% during the recession and their tax rates in comparison to the effects of the recession on the middle class.