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Participant[quote=meadandale]My combined effective tax rate for 2009 (state/federal/payroll) was over 38%.
Apparently Mark Twain was right…[/quote]
So you are either making well over $200K a year if you’re married or you’re self-employed. Good for you.
Participant[quote=meadandale]My combined effective tax rate for 2009 (state/federal/payroll) was over 38%.
Apparently Mark Twain was right…[/quote]
So you are either making well over $200K a year if you’re married or you’re self-employed. Good for you.
Participant[quote=meadandale]My combined effective tax rate for 2009 (state/federal/payroll) was over 38%.
Apparently Mark Twain was right…[/quote]
So you are either making well over $200K a year if you’re married or you’re self-employed. Good for you.
Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.
As someone who sympathizes with the tea party point of view but hasn’t actually gone to any rallies: it is clear that based on the trillion dollar deficits that Obama is projecting for at least the next decade that taxes WILL have to go up…and substantially, to pay for all this borrowing and deficit spending at some point. I can’t get behind this kind of reckless governing.
If that makes me a ‘teabagger’ then so be it.[/quote]
Hey, good point! Except that it DOES include payroll taxes. That’s why it says Total Tax Revenue.
Ignoring actual…you know…facts. That might just make you a teabagger. So be it.
Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.
As someone who sympathizes with the tea party point of view but hasn’t actually gone to any rallies: it is clear that based on the trillion dollar deficits that Obama is projecting for at least the next decade that taxes WILL have to go up…and substantially, to pay for all this borrowing and deficit spending at some point. I can’t get behind this kind of reckless governing.
If that makes me a ‘teabagger’ then so be it.[/quote]
Hey, good point! Except that it DOES include payroll taxes. That’s why it says Total Tax Revenue.
Ignoring actual…you know…facts. That might just make you a teabagger. So be it.
Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.
As someone who sympathizes with the tea party point of view but hasn’t actually gone to any rallies: it is clear that based on the trillion dollar deficits that Obama is projecting for at least the next decade that taxes WILL have to go up…and substantially, to pay for all this borrowing and deficit spending at some point. I can’t get behind this kind of reckless governing.
If that makes me a ‘teabagger’ then so be it.[/quote]
Hey, good point! Except that it DOES include payroll taxes. That’s why it says Total Tax Revenue.
Ignoring actual…you know…facts. That might just make you a teabagger. So be it.
Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.
As someone who sympathizes with the tea party point of view but hasn’t actually gone to any rallies: it is clear that based on the trillion dollar deficits that Obama is projecting for at least the next decade that taxes WILL have to go up…and substantially, to pay for all this borrowing and deficit spending at some point. I can’t get behind this kind of reckless governing.
If that makes me a ‘teabagger’ then so be it.[/quote]
Hey, good point! Except that it DOES include payroll taxes. That’s why it says Total Tax Revenue.
Ignoring actual…you know…facts. That might just make you a teabagger. So be it.
Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.
As someone who sympathizes with the tea party point of view but hasn’t actually gone to any rallies: it is clear that based on the trillion dollar deficits that Obama is projecting for at least the next decade that taxes WILL have to go up…and substantially, to pay for all this borrowing and deficit spending at some point. I can’t get behind this kind of reckless governing.
If that makes me a ‘teabagger’ then so be it.[/quote]
Hey, good point! Except that it DOES include payroll taxes. That’s why it says Total Tax Revenue.
Ignoring actual…you know…facts. That might just make you a teabagger. So be it.
Participant[quote=meadandale]So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.[/quote]
He (and I) only assert it because it’s probably true. For 98% of taxpayers it is. If you had the same income and same deductions over the last 2 years, you are paying lower federal income taxes, unless you happen to be one of the fortunates that have earnings over $200,000. In that case, you might be paying higher taxes. And yeah, it’s all there in black and white.
Participant[quote=meadandale]So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.[/quote]
He (and I) only assert it because it’s probably true. For 98% of taxpayers it is. If you had the same income and same deductions over the last 2 years, you are paying lower federal income taxes, unless you happen to be one of the fortunates that have earnings over $200,000. In that case, you might be paying higher taxes. And yeah, it’s all there in black and white.
Participant[quote=meadandale]So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.[/quote]
He (and I) only assert it because it’s probably true. For 98% of taxpayers it is. If you had the same income and same deductions over the last 2 years, you are paying lower federal income taxes, unless you happen to be one of the fortunates that have earnings over $200,000. In that case, you might be paying higher taxes. And yeah, it’s all there in black and white.
Participant[quote=meadandale]So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.[/quote]
He (and I) only assert it because it’s probably true. For 98% of taxpayers it is. If you had the same income and same deductions over the last 2 years, you are paying lower federal income taxes, unless you happen to be one of the fortunates that have earnings over $200,000. In that case, you might be paying higher taxes. And yeah, it’s all there in black and white.
Participant[quote=meadandale]So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.[/quote]
He (and I) only assert it because it’s probably true. For 98% of taxpayers it is. If you had the same income and same deductions over the last 2 years, you are paying lower federal income taxes, unless you happen to be one of the fortunates that have earnings over $200,000. In that case, you might be paying higher taxes. And yeah, it’s all there in black and white.
Participant[quote=gandalf]
Regressive is what we have now, in large part because of all of the loopholes and avoidance. Tax policy is one of the reasons for the astronomical changes in wealth and income distribution in the past 30 years. The current regressive policy is not fair.[/quote]
I have to partially disagree with this. Payroll taxes are regressive. Sales taxes are regressive. Property taxes in CA are a mishmash because of Prop 13, but they are kind of progressive. (Wealthier people own more expensive homes, their property taxes are higher, prop 13 notwithstanding.) Income taxes are mostly progressive. Loopholes do exist, but not near as many as existed prior to the 80’s.
And “taxing each according to their means” is progressive taxation without the label. It may not elicit the kneejerk reaction from those who think “progressive” or “redistribution” means socialism, but the differences are slight.
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