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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 States14905 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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Caller
Poland8075 Posts
On June 29 2008 03:36 tiffany wrote: after all the posts that have rebuked the nonsense you wrote in your OP, you are still putting some blame on obama? do you not possess an ounce of logic or what. your "friends" and their parents hiding their money has nothing to do with obama, go whine to them. actually it does obama's "tax reform" doesn't target those areas at all he increases estate tax exemption-which only serves to aid those people whom can hide their assets as its hard to hide property values increases reported income brackets to 250k+ which only serves to slightly increase the amount of reported income these people can pay he's barking up the wrong tree for funds if he wants funds he needs to go after the tax cheaters, like the people that claim pets are dependents, et. al not tax a rapidly shrinking group more money | ||
micronesia
United States24755 Posts
Edit: my coworker is going to hit 6 figures soon as a teacher, as will his wife, and they are starting to get screwed over by AMT even though they aren't wealthy at all after they pay off their house :p | ||
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Caller
Poland8075 Posts
On June 29 2008 03:55 micronesia wrote: The goal of Alternative Minimum Tax is to make sure rich people claiming lots of exemptions still owe their fair share. If you are not familiar with it, make sure you read up on it (and I wouldn't go just by wikipedia). Edit: my coworker is going to hit 6 figures soon as a teacher, as will his wife, and they are starting to get screwed over by AMT even though they aren't wealthy at all after they pay off their house :p but isn't there going to be all that "AMT" reform nonesense that both Obama and Mccain are sprouting? granted probably everybody is being screwed over by AMT one way or another but still it doesn't prevent people from geting full financial aid from colleges or applying for "need-based" scholarships, which is bullshit b/c less fortunate people that could be applying are being shut out by asset hiders with "low income" and superior credentials due to more opportunity. | ||
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DrainX
Sweden3187 Posts
On June 29 2008 02:36 il0seonpurpose wrote: yeah but then you all get free insurance and college fees? Yes ofc. But so would the US if they had higher taxes. | ||
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Caller
Poland8075 Posts
On June 29 2008 04:11 DrainX wrote: Yes ofc. But so would the US if they had higher taxes. or we could fight more wars O.O | ||
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Cheerio
Ukraine3178 Posts
On June 29 2008 03:44 Caller wrote: he's barking up the wrong tree for funds if he wants funds he needs to go after the tax cheaters, like the people that claim pets are dependents, et. al not tax a rapidly shrinking group more money Your logic is flawed. 1) As long as gov has enough dogs (sources for funds) it can bark up as many trees as possible as long as every barking brings the result. 2) The fact you can't hear barking at the tax-cheaters tree doesn't mean there is none. 3) USA economy is in trouble. Taxes are to rise, that's enevatable. The rich are the first ones. So far so fair. | ||
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Caller
Poland8075 Posts
On June 29 2008 04:17 Cheerio wrote: Your logic is flawed. 1) As long as gov has enough dogs (sources for funds) it can bark up as many trees as possible as long as every barking brings the result. 2) The fact you can't hear barking at the tax-cheaters tree doesn't mean there is none. 3) USA economy is in trouble. Taxes are to rise, that's enevatable. The rich are the first ones. So far so fair. 1) not true, b/c of the way the progressive tax system works and b/c different trees give different results 2) the barking at the tax cheaters tree evidently isn't loud enough b/c there's a lot more stuff in that tree than in other trees that hasn't been tapped 3) the rich aren't being taxed, its mostly the nouveau riche/the upper middle class atm. | ||
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joewest
United States167 Posts
(/sarcasm) | ||
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Ancestral
United States3230 Posts
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UmmTheHobo
United States650 Posts
On June 29 2008 01:22 Caller wrote: As we get closer to the elections of 2008, it is almost a foregone conclusion that Obama will win the election. Under his new tax policy, married couples making more than $250,000 will have to pay an additional 3% on their taxes, for a total of 36%. For families like mine, which are barely making over $250,000, that's 90,000$ going to Uncle Sam alone, not to mention our state's relatively high taxes and our town's high property tax, and you're looking at over $125,000 in taxes not including social security and medicare and all the other things the government pig takes from us. Now factor in the cost of a college/medical school tuition these days. $60,000 including tuition, room and board, fees, and expenses. Because of our "high" income, we get 0$ of financial aid, while other much wealthier families in our town can hide their assets and pay 15% tax and get financial aid. In other words, because I have to go to college next year, my family's monetary revenue per year after taxes and social security and whatnot is $50,000 to support a family of 4. Where the hell is the justice in the world? Not to mention that my family had planned to have kids 5 years from each other so they would only have to support one kid's college tuition at a time. Well apparently, having concurrent kids in college gives you financial aid. Bullocks. 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. Maybe your parents should hide their money in privately owned companies... EDIT: like, seriously. | ||
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Caller
Poland8075 Posts
On June 29 2008 05:24 UmmTheHobo wrote: Maybe your parents should hide their money in privately owned companies... EDIT: like, seriously. please read entire thread namely part where i say we dont actually make that much | ||
CaucasianAsian
Korea (South)11592 Posts
My dad makes $450k a year and he has to support 4 kids through college next year, insurance, house payments, taxes, and all of that shit. All in all, he has to pay about $260,000 next year if Obama wins election... not including medicare etc... | ||
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BuGzlToOnl
United States5918 Posts
On June 29 2008 05:54 CaucasianAsian wrote: steal from the rich, give to the poor. Fucking robbin hood shit. My dad makes $450k a year and he has to support 4 kids through college next year, insurance, house payments, taxes, and all of that shit. All in all, he has to pay about $260,000 next year if Obama wins election... not including medicare etc... How much does he have to pay yearly for drug tests? | ||
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zer0das
United States8519 Posts
On June 29 2008 06:03 BuGzlToOnl wrote: How much does he have to pay yearly for drug tests? Probably 190k. | ||
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Slayer91
Ireland23335 Posts
So $260,000 instead of $252,500? Not as bad as you'd think. | ||
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a-game
Canada5102 Posts
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KaasZerg
Netherlands927 Posts
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GrayArea
United States872 Posts
On June 29 2008 05:54 CaucasianAsian wrote: steal from the rich, give to the poor. Fucking robbin hood shit. My dad makes $450k a year and he has to support 4 kids through college next year, insurance, house payments, taxes, and all of that shit. All in all, he has to pay about $260,000 next year if Obama wins election... not including medicare etc... Just out of curiosity, what does your dad do? | ||
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Chef
10810 Posts
My dad makes $450k a year Your poor fucking dad. Let's all have a moment of silence for the plight of the rich and powerful. For fucks sake. | ||
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LazarusSpeaks
100 Posts
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JeeJee
Canada5652 Posts
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Chef
10810 Posts
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micronesia
United States24755 Posts
On June 29 2008 13:03 PsycHOTemplar wrote: Agree.Oh they're serious. The only thing people want when they have money, is more money. I believe this to be irrelevant to the first sentence. | ||
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-orb-
United States5770 Posts
QQ more | ||
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KOFgokuon
United States14905 Posts
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mahnini
United States6862 Posts
On June 29 2008 13:28 -orb- wrote: Taxes are completely necessary. QQ more not completely ! | ||
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tiffany
3664 Posts
i just hope you aren't voting mccain | ||
LosingID8
CA10829 Posts
go cry somewhere else, ok? thanks. | ||
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LazarusSpeaks
100 Posts
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Railxp
Hong Kong1313 Posts
So he's born into a good family, its not like its his fault. stop giving him shit about that | ||
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micronesia
United States24755 Posts
On June 29 2008 15:51 LosingID8 wrote: go cry somewhere else, ok? thanks. If he wants to cry about how he only is 99% fortunate instead of 100% fortunate in his blog, then he can do that and you/we can ignore it as appropriate. Of course, I think the issue he is discussing is more complex than simply him victimizing himself, the one who is least victimized in the world. | ||
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Rayzorblade
United States1172 Posts
On June 29 2008 13:02 JeeJee wrote: I'm still debating with myself whether the few (3 I think?) people in this thread who are having money woes when they/their families make hundreds of thousands of dollars are actually serious or doing it for the 'internet lulz' | ||
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Chef
10810 Posts
So he's born into a good family, its not like its his fault. stop giving him shit about that It's just hard to get over the irony of people with lots of money complaining about their money woes for most people. If he wanted to talk facts, it would have been a good idea to leave that part out lol. He says "$250,000, minus $90,000" like everyone is supposed to be shocked and horrified. Sorry, but no one cares. That's 90,000 dollars that everyone from a low income family will be glad to see put to services they can use too. In a system without government or taxes, the rich get richer, and the poor get poorer. Genetics hold less value, and it becomes more about who was born where. Personally, I prefer a system where poor people (due to public programs) can climb the ladder a little, and rich people can't stomp on their hands at every step. If your complaint is about loopholes, you should be making suggestions to fix them, not disowning the system all together. | ||
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Ancestral
United States3230 Posts
On June 29 2008 07:10 Slayer91 wrote: (450k-200k) = 250k*.03 = 7500$ more under obama. So $260,000 instead of $252,500? Not as bad as you'd think. This. People just like to get angry about things, they hear some figure and freak out, when it's not even a very big difference. The only part of the story they tell is how much they're supposedly going to have to pay, not how much the difference is between tax policies. But I guess that's how politics work, half-truths and slandering the other side. | ||
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