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Caller
Poland8075 Posts
For comparison, some of my friends' parents can hide their assets in privately owned companies and pay 15% on capital gains tax while hiding everything they spend under business expenses and reinvestment into their firm (bullocks) and they get financial aid and federal grants. Bullocks. This is another reason why I hate the current system and Obama.   | ||
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JudgeMathis
Cuba1286 Posts
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Caller
Poland8075 Posts
On June 29 2008 01:27 JudgeMathis wrote: Uhhhh... My house hold doesn't even make more than 60k a year(together). -_- Stop crying, your parents can afford your schooling. I understand on the other hand how is it fair that other people can hide all their assets and make off like bandits anyways | ||
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JudgeMathis
Cuba1286 Posts
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Clutch3
United States1344 Posts
The problem you have is not with Obama, it's with your friends who are tax cheats. If everyone paid their fair share we wouldn't have these huge deficits and the weak dollar, etc. If your family can't afford college, you should get student loans. Lots of us have been there, it's not that bad. But good luck, since the Republicans have been on a mission to make that a lot harder. The 36% is a MARGINAL tax rate. The 36% rate would only kick in for a married couple at $200k. What that means is that under Obama, you'd be paying only (250k-200k)*(0.03) = $1,500 more than you are now. That's a little over half a percent of your parents total income. You really think that's enough of a difference to not vote for Obama??? See here: 2008 Income Tax Rates p.s. I _highly_ doubt your family pays more than 50% of its income in taxes before payroll taxes. I'd be interested to see the actual breakdown. | ||
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Caller
Poland8075 Posts
On June 29 2008 01:41 Clutch3 wrote: If your family makes $250k a year, and you're really worried that it's not enough to live on, how can you possibly complain when Obama wants to lower taxes on the vast majority of families that make a fraction of that The problem you have is not with Obama, it's with your friends who are tax cheats. If everyone paid their fair share we wouldn't have these huge deficits and the weak dollar, etc. If your family can't afford college, you should get student loans. Lots of us have been there, it's not that bad. But good luck, since the Republicans have been on a mission to make that a lot harder. The 36% is a MARGINAL tax rate. The 36% rate would only kick in for a married couple at $200k. What that means is that under Obama, you'd be paying only (250k-200k)*(0.03) = $1,500 more than you are now. That's a little over half a percent of your parents total income. You really think that's enough of a difference to not vote for Obama??? See here: 2008 Income Tax Rates p.s. I _highly_ doubt your family pays more than 50% of its income in taxes before payroll taxes. I'd be interested to see the actual breakdown. i would love to post it but thats personal information T_T | ||
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DrainX
Sweden3187 Posts
 Here anyone with a good income pays around 50% taxes  | ||
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Mindcrime
United States6899 Posts
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kpcrew
Korea (South)1071 Posts
the republicans champion the rich the middle class pays all the taxes thats how it is i wish i could complain about making $250 thousand a year my god, it must be impossible for you to live on ONLY $50,000 theres only a majority of people making less than your household in the united states i feel for you man. | ||
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MiniRoman
Canada3953 Posts
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il0seonpurpose
Korea (South)5638 Posts
On June 29 2008 01:57 DrainX wrote: You should come to Sweden Here anyone with a good income pays around 50% taxes yeah but then you all get free insurance and college fees? | ||
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JeeJee
Canada5652 Posts
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Mickey
United States2606 Posts
On June 29 2008 01:27 JudgeMathis wrote: Uhhhh... My house hold doesn't even make more than 60k a year(together). -_- Stop crying, your parents can afford your schooling. Exactly. My parents barely make 50k. Seriously Stop Bitching Ok sorry for that comment, but when I saw how much money you guys make it made me angry. How about State Universities? They are considerably cheaper than Private. | ||
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KOFgokuon
United States14910 Posts
take out all loans in your own name, whether or not you actually pay them off is another story but when you apply if you stipulate that you aren't going to get any assistance from your family for college I think you should have a much easier time getting grants and loans And Clutch3 is right, only the portion in the highest bracket gets taxed at the highest rate and honestly, even if obama is president, that tax raise has to go through congress, and who knows if that'll work if anything obama will work to remove that bullshit capital gains tax, so you should be happy | ||
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EvilTeletubby
Baltimore, USA22259 Posts
Like everyone has said, if you're so concerned about the wellbeing of your family, man-up and take out loans yourself. | ||
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Rayzorblade
United States1172 Posts
What are you complaining about again? | ||
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dronebabo
10866 Posts
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Caller
Poland8075 Posts
i'm complaining about the fact that other people are hiding their assets and getting away scot free from it that was an example of criticizing obama's policies.. We don't actually make 250,000. We make something less than that. A lot less. But we still don't get any help and I can apply to like... 0 scholarship foundations. in the mean time my parents work 14 hours a day 7 a week on work alone while other parents are coaching baseball teams and still earning money | ||
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Cheerio
Ukraine3178 Posts
And like Clutch3 said, you are getting the situation wrong. USA has progressive tax system, that means the higher tax % is applied only to the value of income which is above some limit. If you earn only slightly above 250000 u won't feel the difference. http://en.wikipedia.org/wiki/Progressive_tax If taxable income falls within a particular tax bracket, the individual pays the listed percentage of income on each dollar that falls within that monetary range. For example, a person who earned $10,000 in taxable income (income after adjustments, deductions, and exemptions) for 2006 would be liable for 10% of each dollar earned from the 1st dollar to the 7,550th dollar, and then for 15% of each dollar earned from the 7,551st dollar to the 10,000th dollar, for a total of $1,122.50. This ensures that every rise in a person's salary results in an increase of after-tax salary And you should not react so painfully to tax changes. Want a change - find a way to cover your income like the others do of which you talk about, but for god's sake stop whining. | ||
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tiffany
3664 Posts
your "friends" and their parents hiding their money has nothing to do with obama, go whine to them. | ||
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