Who's really paying tax in this country???

[75th]

well, duh! my statistics were gleaned from the department of treasury...that was kinda the point of the thread.

And the point of my post. Nobody disputes who pays what percentage of federal income taxes.

Side note: per the usual, Stewart explains things brilliantly.

World of Class Warfare - The Poor's Free Ride Is Over - The Daily Show with Jon Stewart - 08/18/11 - Video Clip | Comedy Central

 

[miplank]

And the point of my post. Nobody disputes who pays what percentage of federal income taxes.

Well, not if you're on foreign soil at the time...

 

[75th]

stfu

 

[miplank]

see if I ever share any lobby candy with you in a consumer based economy again!

 

[75th]

what about a california roll?

 

[miplank]

you'll need to speak with my AA

 

[musclemom]

I'm confused. 67.9% + 9.4% + 0.3% adds up to 77.6%, right? I suck at math but still ...

Okay, we are talking about 100% of the taxes being paid, correct? (as opposed to owed) Those numbers should come out to be 100% or am I missing something???

 

[kx250rider]

I'll tell you EXACTLY who it is; SMALL BUSINESSES!!!!!!!!! That's why the system is broken, and Obama hasn't a clue. It's all public record, and I have an honest accountant, so I'll lay it out right here & now: Our 2010 return reflected $2 mil gross income, and we paid $443K in federal taxes, and $20K CA taxes (we're TX residents but have one small business entity in CA in order to be legal). Now, according to Obama, that makes us RICH (?????). But the truth and fact is, that by the time we paid all of the expenses for the business, we took home less than $200K, and put some of that aside for business growth.

AND, still the Dems might say we're sitting nice & fat, but I debate that. Some years we might have an actual loss, and will have drawn out of savings to pay the bills. Sure in those years we haven't had to pay taxes, but taxing the SH*T out of our small business on good years, leaves no money to hire more people, or to put away to pay the bills when we retire, etc etc. If they want to unfairly tax people they consider "rich", then let's stop taxing small businesses, and tax the people on ONLY the money they actually get to keep after they pay the entire expenses of their businesses. Yes, they let us deduct, but it's pennies on the dollar. A joke. Spend $100K on new avocado trees and irrigation, and maybe get to write off $7K of it. But still pay income tax on the other $93K which was put back into the business; resulting in more avocados to need picking by paid workers. Jeez; makes me angry to even write this!

Charles

 

[75th]

Gimme a break.

Ask any competent business owner what they would prefer: a 5% tax break or 5% more customers. 99 out of 100 will opt for the latter.

We need to start focusing on supporting the real job creators - the middle class.

 

[SpyWizard]

I'll tell you EXACTLY who it is; SMALL BUSINESSES!!!!!!!!! That's why the system is broken, and Obama hasn't a clue. It's all public record, and I have an honest accountant, so I'll lay it out right here & now: Our 2010 return reflected $2 mil gross income, and we paid $443K in federal taxes, and $20K CA taxes (we're TX residents but have one small business entity in CA in order to be legal). Now, according to Obama, that makes us RICH (?????). But the truth and fact is, that by the time we paid all of the expenses for the business, we took home less than $200K, and put some of that aside for business growth.

AND, still the Dems might say we're sitting nice & fat, but I debate that. Some years we might have an actual loss, and will have drawn out of savings to pay the bills. Sure in those years we haven't had to pay taxes, but taxing the SH*T out of our small business on good years, leaves no money to hire more people, or to put away to pay the bills when we retire, etc etc. If they want to unfairly tax people they consider "rich", then let's stop taxing small businesses, and tax the people on ONLY the money they actually get to keep after they pay the entire expenses of their businesses. Yes, they let us deduct, but it's pennies on the dollar. A joke. Spend $100K on new avocado trees and irrigation, and maybe get to write off $7K of it. But still pay income tax on the other $93K which was put back into the business; resulting in more avocados to need picking by paid workers. Jeez; makes me angry to even write this!

Charles

yep I'm with ya but in my case i won't hire anyone if I can't pay you on a 1099 I won't hire you, it's that simple but I do service work more than anything..