Tax rates and Net income
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The more you make, the less you pay. And that's just taxes. I totally disagree. The more you make the more dollars you pay. Because of all the loop-holes, a lot of them have been closed, a truly rich person may pay a less percentage of his/her income than you or I but they still will pay more overall dollars. I bet Bill Gates does not pay a huge percentage of his income to taxes, but he sure is paying more dollars than me. Everything else you said I agree with, I just haven't had to deal with it since I am still married to my first, and only :confused: , wife.
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property taxes on cars, OUCH!! X|
a new $27K car will run you around $300/yr in property taxes. it's worse for a business, which has to pay property taxes on any physical assets (furniture, computers, etc.). -c ------------------------------ Smaller Animals Software, Inc. http://www.smalleranimals.com
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That was eactly my point. They more money you make, the lower the percentage of your salary you pay for taxes. The "middle class" is supporting the country, and the rich aren't paying their fair share.
I guess we will have to agree to disagree on this one. I just look at the math. $1,000,000 x 15% = $150,000 $30,000 x 20% = $6,000 Now who is supporting our country??? :confused: Granted, there are many more middle income people than the rich. But, understand this correctly, it does no good to try to raise more taxes by taxing the rich more than they are already taxed. It always gets passed to the middle class, by way of more expensive products, not buying of luxery items ( hurts workers ), etc. And this from a fellow Texan. X|
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I guess we will have to agree to disagree on this one. I just look at the math. $1,000,000 x 15% = $150,000 $30,000 x 20% = $6,000 Now who is supporting our country??? :confused: Granted, there are many more middle income people than the rich. But, understand this correctly, it does no good to try to raise more taxes by taxing the rich more than they are already taxed. It always gets passed to the middle class, by way of more expensive products, not buying of luxery items ( hurts workers ), etc. And this from a fellow Texan. X|
Wayne, some people, in fact most people, will simply never understand the math. How can anyone believe that things are made more "fair" by forcing someone else to pay more taxes? Fiscal resources should be left circulating freely in the economy to the greatest extent possible. That does everyone, poor and rich alike, more good than any amount of money sucked up unnecessarily by the government.:rose:
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Actually, everyone, rich included, are paying far more than they should be.
we as (US) Americans don't get what we pay for... viz. by most accounts, as taxpayers we pay about $.55 to $.65 of every $1 that we earn in taxes but, what do we get for all that? a failing educational system, a corrupt failing health care system, non-representative paid-for-by-corperations "representatives" (both bore and gush raised over $140M from corperations, more than 95% of their campaign finances, similar numbers in senatorial races, both Dem and Rep), an enviromental conservancy organization that sells the environment to logging companies, and lots of high tech military hardware (a $1B plane anyone? a few $2M 40% accurate missiles?) -John
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I guess we will have to agree to disagree on this one. I just look at the math. $1,000,000 x 15% = $150,000 $30,000 x 20% = $6,000 Now who is supporting our country??? :confused: Granted, there are many more middle income people than the rich. But, understand this correctly, it does no good to try to raise more taxes by taxing the rich more than they are already taxed. It always gets passed to the middle class, by way of more expensive products, not buying of luxery items ( hurts workers ), etc. And this from a fellow Texan. X|
Are you saying that I should pay a higher percentage of tax because I make less or that the guy making more should pay a lower percentage? That's utter bullcrap. I don't see how anyone would think that's fair at all. Besides that, the rich SHOULD be paying more taxes "to support the country", because when you get right down to brass tacks, they control who gets elected in this country (and it shouldn't be that way). I understand the math, but that still doesn't make it right.
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Quite recently someone has posted a thread about a programmer's average salary in different countries around the world. This however, was the glabal pay. But what is your net income ? Here in Israel income tax is so high that after cutting it off ( with the health tax and social security tax we have here) we have about 50% left. So how is it out the in the normal world ?
Hello from Canada. Tomorrow is what we like to call Tax Freedom Day. That means that tomorrow I start working for me and not the government. So tax is about 50% here. But we get "free" health care (if the waiting line for procedures doesn't kill you! X| ). Actually higher income earners have some other surtaxes that push tax freedom day into July.:mad: Dave
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Hello from Canada. Tomorrow is what we like to call Tax Freedom Day. That means that tomorrow I start working for me and not the government. So tax is about 50% here. But we get "free" health care (if the waiting line for procedures doesn't kill you! X| ). Actually higher income earners have some other surtaxes that push tax freedom day into July.:mad: Dave
.. we never here that much about Canada over here (li'l Ingland) [last time was a letter y'man wrote about honours our man who doesn't agree with honours dished out]. Never been. What's the best time/area to go? Spent a lovely time in cape cod some years back, arrived with green leaves, left with brown, in the space of two weeks. The memories .... ATL Student :rolleyes:
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Are you saying that I should pay a higher percentage of tax because I make less or that the guy making more should pay a lower percentage? That's utter bullcrap. I don't see how anyone would think that's fair at all. Besides that, the rich SHOULD be paying more taxes "to support the country", because when you get right down to brass tacks, they control who gets elected in this country (and it shouldn't be that way). I understand the math, but that still doesn't make it right.
No I am not saying you should pay a higher percentage of tax, I personally believe everybody should pay the same rate, a.k.a. flat tax. But what I am saying is you should not support this class warfare and say the rich are not paying their fair share, because I am sure in the eyes of the tax laws you are considered very rich.
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No I am not saying you should pay a higher percentage of tax, I personally believe everybody should pay the same rate, a.k.a. flat tax. But what I am saying is you should not support this class warfare and say the rich are not paying their fair share, because I am sure in the eyes of the tax laws you are considered very rich.
Having a high income doesn't mean you are rich - it is usually a sign of quite the opposite in this high-consumption society. The rich try to ensure that they have a low income in order to avoid paying income tax which has a higher public profile and more visiously taxed. ATL Student :rolleyes:
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Having a high income doesn't mean you are rich - it is usually a sign of quite the opposite in this high-consumption society. The rich try to ensure that they have a low income in order to avoid paying income tax which has a higher public profile and more visiously taxed. ATL Student :rolleyes:
The only rich guy I know does his fair share by signing my paycheck every couple of weeks! And thats the way I like it.
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Having a high income doesn't mean you are rich - it is usually a sign of quite the opposite in this high-consumption society. The rich try to ensure that they have a low income in order to avoid paying income tax which has a higher public profile and more visiously taxed. ATL Student :rolleyes:
To me rich is not having to work the rest of your life for a paycheck. But in the eyes of the government, anybody making over $50,000 or so is considered rich. So when they say they are raising the taxes on the rich, it will be you.
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Hello from Canada. Tomorrow is what we like to call Tax Freedom Day. That means that tomorrow I start working for me and not the government. So tax is about 50% here. But we get "free" health care (if the waiting line for procedures doesn't kill you! X| ). Actually higher income earners have some other surtaxes that push tax freedom day into July.:mad: Dave
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.. we never here that much about Canada over here (li'l Ingland) [last time was a letter y'man wrote about honours our man who doesn't agree with honours dished out]. Never been. What's the best time/area to go? Spent a lovely time in cape cod some years back, arrived with green leaves, left with brown, in the space of two weeks. The memories .... ATL Student :rolleyes:
For nice weather come in July. Try here in Calgary in early July for the Stampede - the whole city gets into it, dresses western, free breakfasts and lunches all over the place. Then head up to Banff and Lake Louise to take in the sights (try to avoid the bears and cougars:eek: ) As for the rest of the country there are lots of choices (Chris likes to go to Toronto - I lived there for 3 years and never really enjoyed it - too rushed, too much traffic). Dave
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For nice weather come in July. Try here in Calgary in early July for the Stampede - the whole city gets into it, dresses western, free breakfasts and lunches all over the place. Then head up to Banff and Lake Louise to take in the sights (try to avoid the bears and cougars:eek: ) As for the rest of the country there are lots of choices (Chris likes to go to Toronto - I lived there for 3 years and never really enjoyed it - too rushed, too much traffic). Dave
[stoopid question]Have you ever *lived* in Ingland long enough to do a comparison?[/stoopid question] It's just too crowded here: a reasonably nice place to live near London (whilst we still have to work) is far too many times the national average wage. I'll have to make my millions soon so I don't have to get on that excuse for a train again! Please send donations to ... the Codeproject Benevolent Association :-D ATL Student :rolleyes:
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To me rich is not having to work the rest of your life for a paycheck. But in the eyes of the government, anybody making over $50,000 or so is considered rich. So when they say they are raising the taxes on the rich, it will be you.
