EPTUS Politics Mega-thread - Page 2007
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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
KwarK
United States44283 Posts
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Velr
Switzerland10949 Posts
BUT we can and should try to get closer to this utopia. | ||
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GreenHorizons
United States24339 Posts
I mean I know why liberals think it's the right thing to do, but I don't understand why Texas republicans would want to take money from other states to pay for their own problems? | ||
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ref4
2933 Posts
I am probably gonna get FBI/NSA'ed for this post but w/e. I honestly don't understand how you Europeans are okay with paying so much taxes (what is it like 50-60% income tax over there or something?) Unless even your minimum wage jobs pay like $5000 a month or something. | ||
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Sermokala
United States14203 Posts
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GreenHorizons
United States24339 Posts
On May 29 2015 04:14 Sermokala wrote: Jeb bush is running for president but is employing the sucsessful bush strategy of running unannounced until Iowa in order to talk with pacs and whatnot. I think the tally is 8 with him. He even accidentally said he was running, it's basically the "I'm not touching you" defense except he already accidentally poked us in the eye, and now he just wants us all to pretend it didn't happen so he doesn't get in trouble. It's unbelievably ridiculous and shits all over the spirit of the law. | ||
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Sermokala
United States14203 Posts
On May 29 2015 04:08 GreenHorizons wrote: Why is it that Republicans in Texas think Americans in Montana and other states should pay for their poor choices regarding settling in dangerous storm areas? I mean I know why liberals think it's the right thing to do, but I don't understand why Texas republicans would want to take money from other states to pay for their own problems? Texas is hardly the most dangerous place to live compared to more plain tornado zones, California fire zones, Florida hurricanes, new Orleans living before the water table type zones and northern snow areas. Not to mention Texas cultural differences with its higher military enlistment and independent streak. | ||
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Sermokala
United States14203 Posts
On May 29 2015 04:17 GreenHorizons wrote: He even accidentally said he was running, it's basically the "I'm not touching you" defense except he already accidentally poked us in the eye, and now he just wants us all to pretend it didn't happen so he doesn't get in trouble. It's unbelievably ridiculous and shits all over the spirit of the law. Don't hate Tha player hate Tha game. | ||
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GreenHorizons
United States24339 Posts
On May 29 2015 04:20 Sermokala wrote: Texas is hardly the most dangerous place to live compared to more plain tornado zones, California fire zones, Florida hurricanes, new Orleans living before the water table type zones and northern snow areas. Not to mention Texas cultural differences with its higher military enlistment and independent streak. Fair enough, the question is how/why do Texas Republicans justify taking money from other states who don't have natural disasters they expect other states to help pay for? Shouldn't they set an example and show how they don't need the federal government to confiscate money from other states to pay for Texas's problems? | ||
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zlefin
United States7689 Posts
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Yurie
12161 Posts
On May 29 2015 04:10 ref4 wrote: I am already paying $500 in taxes every paycheck ($2500 -> $2000) I honestly will kill the candidate that promises to raise taxes. I am probably gonna get FBI/NSA'ed for this post but w/e. I honestly don't understand how you Europeans are okay with paying so much taxes (what is it like 50-60% income tax over there or something?) Unless even your minimum wage jobs pay like $5000 a month or something. I pay 33,37% tax in 4 different taxes. City (20,13), County(12,1), Burial(0,25), Church (which my parents signed me up for and I won't be paying from next year due to leaving it). I have 0 insurances as costs on top of this. (No car, renting apartment.) | ||
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cLutZ
United States19574 Posts
On May 29 2015 02:55 IgnE wrote: How does it make little sense? Because, lets say I assume Kwark's estimation of the graph is correct. On May 29 2015 03:01 KwarK wrote: Looks like the top 20 have around 32%, next 20 have 33-55 so around 22%, next 20 have 56 to 75 so around 20%, next 20 have 76 to 89 so around 14% and the final 20 have the remaining 11%. Then lets say every person is the same, and earns the same, saves the same % of income (no interest), works from 20-65, retires, and dies at 80 with $0. We know all these things are untrue in the real world, and all those assumptions, if untrue, would make wealth distribution more uneven than that "ideal" graph. Here is that society's wealth distribution: ![[image loading]](http://postimg.org/image/iumj58hrp/) http://s18.postimg.org/ovk82b4e1/Robot.png Top 20: 36% 21-40: 28% 41-60: 20% 61-80: 12% 81-100: 4% | ||
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ref4
2933 Posts
On May 29 2015 04:47 Yurie wrote: I pay 33,37% tax in 4 different taxes. City (20,13), County(12,1), Burial(0,25), Church (which my parents signed me up for and I won't be paying from next year due to leaving it). I have 0 insurances as costs on top of this. (No car, renting apartment.) you don't need to buy renter's insurance? | ||
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cLutZ
United States19574 Posts
On May 29 2015 04:25 GreenHorizons wrote: Fair enough, the question is how/why do Texas Republicans justify taking money from other states who don't have natural disasters they expect other states to help pay for? Shouldn't they set an example and show how they don't need the federal government to confiscate money from other states to pay for Texas's problems? Don't they have to pay into the fund regardless if they take money out? That's the real problem with those kinds of programs (Medicaid is the worst) is that they are a classic Diner's Dilemma. | ||
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KwarK
United States44283 Posts
On May 29 2015 04:10 ref4 wrote: I am already paying $500 in taxes every paycheck ($2500 -> $2000) I honestly will kill the candidate that promises to raise taxes. I am probably gonna get FBI/NSA'ed for this post but w/e. I honestly don't understand how you Europeans are okay with paying so much taxes (what is it like 50-60% income tax over there or something?) Unless even your minimum wage jobs pay like $5000 a month or something. How often are you paid? I'm trying to work out your gross pretax here but it's entirely possible that the problem you are describing is called "your withholding is set too high" or possibly "use the damn tax credits built for you". Either way, the tax raises being discussed here aren't for you and won't impact you. One of the remarkable things I've noticed about the United States is the vast number of people who currently owe, or at the very least ought not to owe if they used the credits built for them, who insist that they're paying too much in tax and that taxes should be lowered for the people not them who currently pay the tax on their behalf. | ||
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Yurie
12161 Posts
No. I can if I want to and see it as advantageous. I don't. I have a friend who had pressure put on him to get it even though he is renting without having bought. They can not force you to get it though, so his own fault for folding. | ||
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ref4
2933 Posts
On May 29 2015 05:01 KwarK wrote: How often are you paid? I'm trying to work out your gross pretax here but it's entirely possible that the problem you are describing is called "your withholding is set too high" or possibly "use the damn tax credits built for you". Either way, the tax raises being discussed here aren't for you and won't impact you. One of the remarkable things I've noticed about the United States is the vast number of people who currently owe, or at the very least ought not to owe if they used the credits built for them, who insist that they're paying too much in tax and that taxes should be lowered for the people not them who currently pay the tax on their behalf. I get paid biweekly ($1250 every 2 weeks, $2500 a month, $30,000 a year before taxes). The federal income tax % for my bracket is 15%, which is okay, but I also have to pay state tax, medicare tax and social security. Fuck taxes. | ||
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Wolfstan
Canada605 Posts
On May 29 2015 02:55 IgnE wrote: How does it make little sense? Because it's the classic income vs. wealth change up. It doesn't take into account a lifetime or multiple lifetimes of differing decisions that go into accumulating wealth. Just google the classic chart they use to sell you mutual funds and shit. | ||
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KwarK
United States44283 Posts
On May 29 2015 05:07 ref4 wrote: I get paid biweekly ($1250 every 2 weeks, $2500 a month, $30,000 a year before taxes). The federal income tax % for my bracket is 15%, which is okay, but I also have to pay state tax, medicare tax and social security. Fuck taxes. Okay. Let's assume your highest tax scenario, you're filing alone, no dependents, unmarried. In this situation you have the fewest tax bonuses because your money is just supporting you so you don't need them. So you're naturally in the highest bracket. You're making $30,000 pretax. You have a $6,300 standard deduction and a $4,000 exemption for yourself. That brings your taxable income down to a more manageable $19,700 which should come out at $2,494 tax in a year. So your withholding is set too high. But wait, we can do more. That 3% 401k match you get at work, put $75 bucks a month into that. Firstly you get free money in your 401k, totaling $900 a year, but also we can start working on the Saver's Credit. You see with your income the government is actually going to offer you a free 50% match on any money you save in the form of a non refundable credit up to $1000. We just need to get your AGI a bit lower. Let's make a $455 monthly tIRA contribution and put another $475 into our 401k each month. Your AGI is now $17,940. That's your new gross income as far as the IRS is concerned. So we take out your $10,300 to find your taxable income, it's now $7,640. That's in the 10% bracket so you pay $764 tax on that. Then you say "Mr IRS, I'm eligible for the full 50% match on the Saver's Credit, I'd like $1000 back in taxes. Your tax burden is 0. If it's any higher then it's by choice. And even if your taxes were the highest they could possibly be with current tax rates the most you could owe would be $2,494 in 2015. That's not $500 a month. That's not even close. Fix your damn withholding, learn to count and realize that you don't owe a damn thing in taxes. You are the poor. You are the working class. You are the people who they're trying to help. These higher taxes aren't for you. These tax incentives to the working poor who save money are the things that are for you. For fucks sake America. Teach your kids to count so they're not on the internet and complaining about high taxes and the gubmint before someone has to take them aside and explain to them that they're the working poor who don't owe any taxes and who live off the taxes on the rich. Also I literally just earned you $3,400 if you follow my advice. Also fucking go back to school. You can literally spend $2,500 on education this year getting a part time associates degree or doing an online bachelors and then use the educational credits to offset your entire tax burden to leave you paying effectively nothing for your education. The people in Washington are trying so, so hard to help you here. They're taxing you at almost nothing and they're offering to take away the remaining taxes in exchange for you funding your retirement or going to school or doing fucking anything and you can't even be bothered to fix your damn withholding. You're literally complaining about paying too much in tax, not because your tax rate is too high but because you keep sending them too much in tax and forcing them to send it back to you with a note that reads "stop sending us so much money". This isn't a tax rate problem. This is a you problem. | ||
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KwarK
United States44283 Posts
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