Your taxes

[mavs>spurs]

The only way we fix the economy is investing in education and innovation.

lol good luck with that. you know as well as i do that the average american has serious mental deficiencies and iq's have been dropping over the past 60 years since it's been measured.

http://www.fourmilab.ch/do ents/IQ/1950-2050/

we aren't ever going to be innovative again unless we start importing our brains from abroad at an even higher pace than we do and somehow keep them from returning back home.

[DUNCANownsKOBE]

These tings are why we need to legalize drugs and get back to letting Darwinism run its course. Neutering welfare recipients also helps because it accelerates Darwinism.

[mavs>spurs]

also, investing in education =! getting smarter. countries with much smaller budgets than ours outperform the out of us in standardized testing. , little impoverished kids in the pakistani mountains going to school in a shack are better at math and science than our kids.

[DUNCANownsKOBE]

And that's because of the no child left behind act that made the focus of public schools be teaching kids to analyze gay stories about a girl named Naomi who took a vacation one summer and met a group of people on the beach who save wales. When I say invest in education I also mean completely overhaul the ed education system this country has.

[mavs>spurs]

yeah but where we differ is that i have a hard time believing that things just got this way on accident. somebody somewhere doesn't want the average american to be smart and empowered and it's just not going to happen. you can't fail that miserably on accident..they've been steadily dismantling education and attacking our brains via the food and water for some time. ya'll keep drinking that fluoride and eating the mercury though, i'm sure guys like Th'pusher who like to insult without ever adding anything of value will save the day for Team Amurrrica tbh.

[LnGrrrR]

also, investing in education =! getting smarter. countries with much smaller budgets than ours outperform the out of us in standardized testing. , little impoverished kids in the pakistani mountains going to school in a shack are better at math and science than our kids.

Not really. When you look a the scores of American kids from middle-class and higher schools, our scores are comparable. It's when you add in all the scores from the kids in lower class areas that our average gets dragged down.

[DUNCANownsKOBE]

dumbing America down was a key objective of the Bush administration....hence the No Child Left Behind Act.

[mavs>spurs]

Not really. When you look a the scores of American kids from middle-class and higher schools, our scores are comparable. It's when you add in all the scores from the kids in lower class areas that our average gets dragged down.

Ummm hi lngrrr welcome back, it's the year 2012 and you just described about 75% of the kids in public schools in that "lower class." Did you know kids starve in america? true story.

But but when you look at the minority of kids in private school, they're not all THAT dumb!!!

[LnGrrrR]

Ummm hi lngrrr welcome back, it's the year 2012 and you just described about 75% of the kids in public schools in that "lower class." Did you know kids starve in america? true story.

But but when you look at the minority of kids in private school, they're not all THAT dumb!!!

I'm not sure if the number is as high as 75%, but you do make a good point. How should we help out those lower income families then? I don't think regressive taxation would do the trick.

[mavs>spurs]

education reform will have to start at the cultural/societal level. until kids WANT to learn and value learning, no amount of spending in the world is going to turn it around.

[Wild Cobra]

I know we made under 100K... we have no kids yet though, so we don't get tax savings there... it's also possible I erred on the percentage, but I'm sure it was above 10%... don't feel like pulling my tax returns as it's irrelevant as to what rich people pay or not.

Most of you here are making my point. You all think you pay more percentage-wise than you do. The left is real good at this hate mongering.

[Wild Cobra]

I don't make 11M per year. What I actually make is none of your business.

Then you don't pay as much as you claimed in federal income tax. It would take $11 million to pay as much of a percentage as you claimed.

You asked what taxes I paid. I'm telling the percentage rather than the amount because I don't want you to know what I make.

And it is wrong.

I have said before that I have been very lucky and blessed, and I have worked hard and saved a ton and will not apologize to anyone for my annual income or the size of my estate.

I'm glad for you. Don't think I'm trying to diminish anything.

I'm not ing about my taxes, why would anyone else be ing about the money I worked for?

I agree. They shouldn't.

[Wild Cobra]

I don't remember what recent year I plotted this for, but with no deductions other than the Standard Deduction and Personal Exemptions, here are the percentages up to $400k:



Considering I bought this computer and Microsoft Office 2007, June '10, it is no older than the 2009 rates.

[Wild Cobra]

uhhhh...guys...estate/gift tax currently doesn't kick in till 5 million per person and it's portable. Meaning if the husband dies and uses 4 million of his to inherit/gift stuff the remaining 1 million passes to his wife that now has a 6 million exemption.

I know the laws keep changing here in recent years. I also know liberals want to reinstate the high estate tax penalties on lower values of net wealth. Good to know it's at $5 million. Thanks.

[Wild Cobra]

Considering I bought this computer and Microsoft Office 2007, June '10, it is no older than the 2009 rates.

I looked at the file. These are 2010 rates. Maybe I'll take the time to update it for 2012 rates, and extend it past $400k.

[Latarian Milton]

I wasn't blaming it all on tax cuts. That's a strawman. I was just saying Bush's tax cuts were a significant contributor, which they were. His war in Iraq was also a big contributor, and Romney's war in Iran would be as well.

tax cuts might boost the economy in a short time but it should've never been applied to the richest 1% who've been paying WAY BELOW the rate they should have, just notice that France is gonna make the richest 1% people pay taxes at a rate that can possibly reach up to 75%!!!

[CosmicCowboy]

The rich are paying lower taxes right now than anytime since the 1950s. I'm curious how much incentive needs to be provided to be rich.

You are comparing apples and bananas. Nobody paid those high stated rates back in the day because there were a million deductions and a thousand ways to shelter income from taxes. The stated rate is lower now but those deductions and tax shelters are gone too.

[CosmicCowboy]

tax cuts might boost the economy in a short time but it should've never been applied to the richest 1% who've been paying WAY BELOW the rate they should have, just notice that France is gonna make the richest 1% people pay taxes at a rate that can possibly reach up to 75%!!!

Yep, and they are moving out of the country.

[Latarian Milton]

yeah but where we differ is that i have a hard time believing that things just got this way on accident. somebody somewhere doesn't want the average american to be smart and empowered and it's just not going to happen. you can't fail that miserably on accident..they've been steadily dismantling education and attacking our brains via the food and water for some time. ya'll keep drinking that fluoride and eating the mercury though, i'm sure guys like Th'pusher who like to insult without ever adding anything of value will save the day for Team Amurrrica tbh.

america still has the world's finest universities but there're too many exotic elements especially in the top-tier schools which's the problem, like UCLA that already has a yellows majority. however it doesn't mean american kids are not as smart as foreigners, it's that we've lost too many talented kids in the grassroot levels where the kids get bored of learning due to the tedious courses, and have to import brains to make up for the loss, and get ed when these foreign mother ers end up returning home with the technologies stolen from america.

[CosmicCowboy]

BTW, I paid 12.36% if you just count income tax. Throw in SS and Medicare and it's 17.82% I'm pretty aggressive, though.

[Wild Cobra]

BTW, I paid 12.36% if you just count income tax. Throw in SS and Medicare and it's 17.82% I'm pretty aggressive, though.

Interesting. I figured you were self employed meaning you would pay both ends of SS and medicare.

What is it? 4.2% SS, 1.45% medicare, but an additional 6.2% and 1.45% for the employer end?

[CosmicCowboy]

Interesting. I figured you were self employed meaning you would pay both ends of SS and medicare.

What is it? 4.2% SS, 1.45% medicare, but an additional 6.2% and 1.45% for the employer end?

I didn't count that. My company is a C corp.

[ElNono]

Most of you here are making my point. You all think you pay more percentage-wise than you do.

I know I would swap my place with the guy earning 1M+ and paying 35% tax in a heartbeat... not to mention the one earning multi-million and paying 15%-20% tax on that...

If that was your point, sure...

[ElNono]

This chart is bull . The minimum tax rate schedule is 10%. If you have $1 in taxable income (after deductions and exceptions), the minimum percentage you're paying is 10%.

CC got it right in the schedule he posted (all categories here)

[Mikesatx]

This chart is bull . The minimum tax rate schedule is 10%. If you have $1 in taxable income (after deductions and exceptions), the minimum percentage you're paying is 10%.

CC got it right in the schedule he posted (all categories here)

Read the top of the original post from WC. It accounts for standard deduction and personal exemption.