HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF 14%

tererun · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

Keridan said:
I fought my way through your rant that lacks paragraphing, logic, and any point. I did notice you constructed several straw men, attacked the source, and managed to call a very smart person poorly informed based on one quotation. While this post did a great job of butchering quality debate, it failed to rebut a single thing in the post you were addressing.

So, I'm wondering if you have anything relevant either to the OP or to her post to add.

So in other words, nothing I said was wrong, you just think it was man to point out that using a station known for open lying and misrepresentation of the facts was a bad idea. I can live with that. I don't have any other way to describe fox news or it's parent company without negative terms that might be considered mean to those who do those things. Is there a nice way to say they are a bunch of lying idiots who constantly misrepresent things and get them wrong? tell me and I might use it to describe fox.

Keridan · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

tererun said:
So in other words, nothing I said was wrong, you just think it was man to point out that using a station known for open lying and misrepresentation of the facts was a bad idea. I can live with that. I don't have any other way to describe fox news or it's parent company without negative terms that might be considered mean to those who do those things. Is there a nice way to say they are a bunch of lying idiots who constantly misrepresent things and get them wrong? tell me and I might use it to describe fox.

I just don't feel the need to defend Fox when it has nothing to do with the OP or the post you were addressing.

So, I'm wondering if you have anything relevant either to the OP or to her post to add.

tererun · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

Keridan said:
I just don't feel the need to defend Fox when it has nothing to do with the OP or the post you were addressing.

So, I'm wondering if you have anything relevant either to the OP or to her post to add.

Yeah, that fox news deliberately misrepresents things and lies about things to make their point so using their site as a source makes her point irrelevant if she cannot prove it another way with something reliabel. What I am saying is fox is so bad you actually have to back it up when you use it because it should be considered automatically biased and misrepresented. It is like using a spoiled 2 year old as your source. You don't need to spend time refuting points made by such sources. I don't read tabloids about bigfoot and then suddenly go out and have to prove to myself bigfoot doesn't exist.

Keridan · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

tererun said:
Yeah, that fox news deliberately misrepresents things and lies about things to make their point so using their site as a source makes her point irrelevant if she cannot prove it another way with something reliabel. What I am saying is fox is so bad you actually have to back it up when you use it because it should be considered automatically biased and misrepresented. It is like using a spoiled 2 year old as your source. You don't need to spend time refuting points made by such sources. I don't read tabloids about bigfoot and then suddenly go out and have to prove to myself bigfoot doesn't exist.

So all you have is attacking the source? I know Fox is nearly as bad as MSNBC or ThinkProgress, but you don't even pretend to address the point made?

Not that the attacks deserve it, but here is another source. One of many. Romney pays more taxes than 97% of the country and more than 47% combined.

The question, though, is whether Romney paying 14 percent is “probably less than you.”

It’s not if you look strictly at the income tax paid to the IRS. Scott Hodge, president of the business-backed Tax Foundation, released a report based on 2009 IRS tax data that found 97 percent of American tax filers paid a lower rate of income tax than Romney did. The bottom 40 percent of tax filers pay no income tax at all, or receive a refund, Hodge told us in a phone interview, and so “by definition, those people are paying less than Mitt Romney.” On average, Hodge said, people making between $100,000 and $200,000 paid about 12 percent in federal income taxes. That’s less than Romney’s 13.9 percent, and people making less than $200,000 represent more than 97 percent of all tax filers.

“Clearly the vast majority pay less than Romney,” Hodge said.

FactCheck.org : Does Romney Pay a Lower Rate in Taxes Than You?

melons · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

Since I am new here, I am not trying to step in and say that I know more or less than the next person. But in my humble opinion.....if you paying more than 14 percent on a 50k income then you probably are either a single childless non-home owner or you aren't getting a good deal from the person who is doing your taxes for you. I don't do taxes for a living but I do them for many people as a side job during that time of the year. I have not ever seen anyone in little experience who would be paying at that rate. If you are, then you should consider options to lower your tax rate...purchase a home, invest in an IRA Or 401k, .....

Velvet Elvis · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

melons said:
If you are, then you should consider options to lower your tax rate...purchase a home, invest in an IRA Or 401k, .....

IRA's and 401k's are for rich people. Why do you hate poor people?

j/k

cpwill · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

AdamT said:
Thanks. As I noted, the claim is TRUE when you include all federal taxes. Apparently the ad didn't specifically limit the claim to income taxes.

Oh. So as long as the ad is lying, it's telling the truth? Got it.

cpwill · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

JohnWOlin said:
I'm not saying tax them to death. All I'm saying is make it reasonable like it was in the past and slowly phase out certain tax deductions for them as well as those for families like my own making around $50,000 along with making reasonable cuts to all parts of our government.

Goodness gracious. You sound like Mitt Romney .

As a percentage of income yes they pay less for those things. State, local taxes I can't say for every state but that's how it is in Kentucky and several other states.

:shrug: my uncle is a multi millionaire in Georgia. When you add up state, local, and federal, his total tax rate is about 50%. Please feel free to demonstrate to me a family making $50K facing a similar tax burden in the United States.

I'm sorry that I offended you. Keep up the good work defending your masters.

Isn't it interesting how the unionized folks on this board always assume that people are here to defend their masters?

looks suspiciously like projecting.

longview · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

$ 50,000 income married filing jointly
Federal income tax
only standard exemption.
Taxable income $50,000- $7400=42600
$42,600 -17000 = $25600 Tax on this level 10% of 17000=$1700 3.4% of $50,000
Tax on Remaining $25,600 at 15% = $3,840 or 7.68% of $50,000
Total income tax for couple with no other deductions $5,540 or 11.08%

Worse case sernio
Adult child living at home with no personal exemption
$50,000 - $8700 = $41,300 Tax on 8,700 $870
15% tax on 41,300 =$6195
Total Income tax =$7065 Tax Rate 14.13%

Jarhead · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

tererun said:
Fox news fact checking? You mean the people who cannot get facts straight are pretending to be fact checkers? The people who blatantly lie on a regular basis are the people who you trust with your facts? The people who say the world is a few thousand years old, pollution doesn't exist, their is a war on christmas, evolution doesn't exist, Obama was born in kenya, coal burning is clean, and that they are fair and balanced despite being overwhelmingly biased are your source for facts? The people who consider Donald trimp, Sarah palin, Mark fuhrman, and Alan west reliable correspondants are your source for facts? The people who think Bill O'rielly, Rush Limbaugh, Sean hannity, Steve Ducey, that bimbo gretchen, and Glen beck are news reporters are the people you get your facts from? The station that multiple countries will not allow to broadcast news because they lie so often is the one you get your facts from? The station owned by rupert murdoch who is best known for being the world's biggest tabloid producer and is up on charges in other countries for lying and doing crazy ass **** like hacking into the voicemail of terrorist victims is who you are getting your facts from?

No wonder you are so poorly informed.

This all coming from someone who used that totally unbiased MSNBC program "The Ed Show" as a source in another topic/string on this website.

TurtleDude · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

AdamT said:
Thanks. As I noted, the claim is TRUE when you include all federal taxes. Apparently the ad didn't specifically limit the claim to income taxes.

that is dishonest to claim using all someone's taxes to claim that they pay a higher rate than one tax paid by Romney.

TurtleDude · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

JohnWOlin said:
Regardless if it is true or not, when you defend the rich it still makes you sound like an asshole even most rich get that and for the record isn't there like not even 5 million millionaires in USA? Do you seriously think they need defending or better yet, that most of them even care if they are taxed like they were 14 years ago? Not only that as a percentage of their income, they usually pay less into state, local, social security and Medicare.

I'm not saying tax them to death. All I'm saying is make it reasonable like it was in the past and slowly phase out certain tax deductions for them as well as those for families like my own making around $50,000 along with making reasonable cuts to all parts of our government.

that post is indicative of the class warfare attitude that rich liberals use to gain more wealth by pandering to the basest emotions of the losers.

TurtleDude · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

tererun said:
Fox news fact checking? You mean the people who cannot get facts straight are pretending to be fact checkers? The people who blatantly lie on a regular basis are the people who you trust with your facts? The people who say the world is a few thousand years old, pollution doesn't exist, their is a war on christmas, evolution doesn't exist, Obama was born in kenya, coal burning is clean, and that they are fair and balanced despite being overwhelmingly biased are your source for facts? The people who consider Donald trimp, Sarah palin, Mark fuhrman, and Alan west reliable correspondants are your source for facts? The people who think Bill O'rielly, Rush Limbaugh, Sean hannity, Steve Ducey, that bimbo gretchen, and Glen beck are news reporters are the people you get your facts from? The station that multiple countries will not allow to broadcast news because they lie so often is the one you get your facts from? The station owned by rupert murdoch who is best known for being the world's biggest tabloid producer and is up on charges in other countries for lying and doing crazy ass **** like hacking into the voicemail of terrorist victims is who you are getting your facts from?

No wonder you are so poorly informed.

what are you claiming in this post. Your attack on Maggie has absolutely nothing relevant to the thread I started

cpwill · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

longview said:
$ 50,000 income married filing jointly
Federal income tax
only standard exemption.
Taxable income $50,000- $7400=42600
$42,600 -17000 = $25600 Tax on this level 10% of 17000=$1700 3.4% of $50,000
Tax on Remaining $25,600 at 15% = $3,840 or 7.68% of $50,000
Total income tax for couple with no other deductions $5,540 or 11.08%

Worse case sernio
Adult child living at home with no personal exemption
$50,000 - $8700 = $41,300 Tax on 8,700 $870
15% tax on 41,300 =$6195
Total Income tax =$7065 Tax Rate 14.13%

Yeah. A while back it became fashionable among some of the leftists to claim they paid a higher tax rate than Romney. Yet when invited to demonstrate how.... they all refused...... :thinking:

apdst · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

MaggieD said:
Yes, dear. Don't like the source, make Google your friend. It's all over the place.

Anything the Libbos don't like is automatically branded a lie. They're right and the rest of us are just liars. You know that, already.

TurtleDude · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

cpwill said:
Yeah. A while back it became fashionable among some of the leftists to claim they paid a higher tax rate than Romney. Yet when invited to demonstrate how.... they all refused...... :thinking:

They cannot. Its one of the big lies that the pimps on the left constantly spews

apdst · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

cpwill said:
Yeah. A while back it became fashionable among some of the leftists to claim they paid a higher tax rate than Romney. Yet when invited to demonstrate how.... they all refused...... :thinking:

The Libbo argument on the tax rate spins so fast that the g's will make you black out.

MaggieD · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

Keridan said:
I fought my way through your rant that lacks paragraphing, logic, and any point. I did notice you constructed several straw men, attacked the source, and managed to call a very smart person poorly informed based on one quotation. While this post did a great job of butchering quality debate, it failed to rebut a single thing in the post you were addressing.

So, I'm wondering if you have anything relevant either to the OP or to her post to add.

Tererun often falls back on the old adage:

If you can't argue the facts, attack the messenger.

Watch for it -- it's pretty prevalent here.

whysoserious · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

I work some overtime so I get mauled by taxes. Don't see me bitching... though I won't be able to buy a yacht this year.

Maybe next year.

Hopefully.

AdamT · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

cpwill said:
Yeah. A while back it became fashionable among some of the leftists to claim they paid a higher tax rate than Romney. Yet when invited to demonstrate how.... they all refused...... :thinking:

Yeah, how dishonest for private citizens, not running for any public office -- let alone POTUS -- to not want to post their tax returns on a publicly viewable internet forum. And yet the right would defend Romney, who IS running for POTUS, from publishing HIS tax returns. One can't help but question the Right's sincerity. :lamo

Nonetheless, the fact is that I paid a 5-6% higher tax rate than did Mitt Moneybags.

MaggieD · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

AdamT said:
Nonetheless, the fact is that I paid a 5-6% higher tax rate than did Mitt Moneybags.

I seriously doubt you paid a higher rate than Romney. Sorry, prove it. Income/deductions/exemptions etc. Or show us a hypothetical. Pick your numbers.

whysoserious · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

MaggieD said:
I seriously doubt you paid a higher rate than Romney. Sorry, prove it. Income/deductions/exemptions etc. Or show us a hypothetical. Pick your numbers.

I'll post my taxes (and I'm not even running for Pres!) when I file them early next year. If I pay a higher tax rate, then what?

MaggieD · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

whysoserious said:
I'll post my taxes (and I'm not even running for Pres!) when I file them early next year. If I pay a higher tax rate, then what?

Why not post last year's now? If you pay a higher rate, then I suggest you write your Congress Clowns. They're the jakes responsible for it. Not Mitt Romney.

I'm looking for mine, can't find the damned thing. But I'll keep looking.

whysoserious · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

MaggieD said:
Why not post last year's now? If you pay a higher rate, then I suggest you write your Congress Clowns. They're the jakes responsible for it. Not Mitt Romney.

I'm looking for mine, can't find the damned thing. But I'll keep looking.

I did not have the same job then. I was one of those leeches who was in college not paying taxes! Damn this leech and his getting a higher education so that he could eventually earn a better salary!

We are bastards you know. Always voting liberal because we don't want to work for anything or take responsibility for our own lives.

AdamT · Oct 14, 2012

Re: HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF

MaggieD said:
I seriously doubt you paid a higher rate than Romney. Sorry, prove it. Income/deductions/exemptions etc. Or show us a hypothetical. Pick your numbers.

Sorry, dear, but I'm not posting my tax returns on the internet. If you don't think it's a big deal, why don't you scan yours off and post them up to prove that you DIDN'T pay a higher rate than Romney?

If you really can't believe it then you aren't being particularly rational. On average, the top quintile (20%) of taxpayers paid a higher rate (17.9%) than Romney (14%) in 2011. The top 10% paid a higher rate still (20%), the top 5% paid at an even higher rate (21.9%) and the top 1% higher yet (24.6%). So, on average, people in Romney's income group paid at a rate better than 10% higher than Romney paid. These are facts which you can peruse on Page 12 of the CBO's report: http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/57xx/doc5746/08-13-effectivefedtaxrates.pdf

One caveat: the report was published in 2004 so the numbers are obviously projected. But tax rates have not changed in the interim.

HOw many people making 50K a year are paying an EFFECTIVE FED INCOME TAX RATE OF 14%

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