White House debt talks collapse

Armistead · 07-26-11, 11:00 AM

I also think it's a joke to say 50-60% of americans pay no taxes. They may not pay it through payroll, but the government gets it other ways. Before I became disabled, the last year I worked I was down to 70K a year. I kept records of all taxes I paid, FICA, property, gas tax, phone tax, sales tax, electric tax, etc... 42% of my income went to taxes... My guess is those numbers would hold down to 30K a year.

Just check, for every product or service you buy there will be a line somewhere with a tax included.

mookiemookie · 07-26-11, 11:12 AM

Quote:

Originally Posted by Armistead

I also think it's a joke to say 50-60% of americans pay no taxes. They may not pay it through payroll, but the government gets it other ways. Before I became disabled, the last year I worked I was down to 70K a year. I kept records of all taxes I paid, FICA, property, gas tax, phone tax, sales tax, electric tax, etc... 42% of my income went to taxes... My guess is those numbers would hold down to 30K a year.

Just check, for every product or service you buy there will be a line somewhere with a tax included.

You're absolutely right. Anyone that parrots that "60% don't pay taxes" line is either ignorant or willfully trying to deceive you. Everyone who earns any income or purchases anything at all pays taxes. And the corporations pass their taxes on to you, the consumer:

Quote:

On Friday, Congress failed to approve the extension of a bill to keep the Federal Aviation Administration running. Among other things, that meant the agency no longer had the authority to impose the various federal taxes that airlines add to the price of each ticket.

So as of 12:01 a.m. Saturday, the federal government began losing an estimated $25 million a day in tax revenue.

But did airlines simply pass on this savings to customers?

No, they did not.

Last week, evidently in anticipation of the tax’s expiring, some airlines quietly began raising fares — on average, roughly by the same amount as the federal taxes. Others did the same over the weekend, and most of the rest joined in on Monday.

http://www.nytimes.com/2011/07/26/bu...es-expire.html

Onkel Neal · 07-26-11, 11:33 AM

Quote:

Originally Posted by Armistead

I also think it's a joke to say 50-60% of americans pay no taxes.

Ah, I didn't say that.

AVGWarhawk · 07-26-11, 11:53 AM

Quote:

It's very dangerous to use US wealth and assets creating stronger economies in nations that may one day want to run us over.

Never a truer statement!

gimpy117 · 07-26-11, 05:42 PM

nail was struck on the heard Amistead. We can't expect to bring this country back from the brink with only a few holding so much wealth.

Armistead · 07-26-11, 09:21 PM

Quote:

Originally Posted by Neal Stevens

Ah, I didn't say that.

I know, just stating as I tire that we're told 50% of us pay no taxes.

Onkel Neal · 07-26-11, 09:29 PM

Quote:

Originally Posted by Armistead

I know, just stating as I tire that 50% of us pay no taxes.

???

What are you talking about?

Nevermind.

Armistead · 07-26-11, 10:20 PM

Hehe, see your post 49

Platapus · 07-26-11, 06:23 PM

What is interesting is that in all the discussions in the media, there is little mention on the Federal Revenue.

Time is the only magazine I have been able to find that published the numbers indicating that, as a ratio of our GDP, Federal Revenue is the lowest it has been since the early 1950s.

This is why reports on the tax rate is misleading. Tax rates are only a place where tax laws and tax lawyers start from. With all the deductions and loopholes the effective tax rate is lower.

It was a most interesting and informative article in Time.

Before we start talking about raising taxes, perhaps we need to start closing the deductions/loopholes to raise the Federal Revenue at the same time we cut Federal Spending.

07-26-11, 06:31 PM

Quote:

It's very dangerous to use US wealth and assets
creating stronger economies in nations that may one day want to run us over.

Too Late.
We assisted Japan and other Countries to do just that!
Then We passed Laws that allowed Jobs to pour out of the U.S.A.
all the while giveing huge breaks to the Companies that did just that.

Now it's getting close to 'Pay the Piper Time'.

gimpy117 · 07-26-11, 06:41 PM

Quote:

Originally Posted by Platapus

Before we start talking about raising taxes, perhaps we need to start closing the deductions/loopholes to raise the Federal Revenue at the same time we cut Federal Spending.

they still think fo that as an increase. and any increases will have team R holing.

Platapus · 07-26-11, 07:39 PM

Perhaps, this fiasco may convince people to vote for the person and not just the initial behind a candidate's name.

It really is time to get some adults in congress who are truly interested in running the country and not just party politics

Like that will ever happen in America. I kill myself sometimes.

07-26-11, 07:45 PM

Yea, I'll spend 100 Million for a Position that only pays what?
A Million a year for 4 years?
Think about that!

nikimcbee · 07-26-11, 08:06 PM

Quote:

Originally Posted by privateer

Yea, I'll spend 100 Million for a Position that only pays what?
A Million a year for 4 years?
Think about that!

They like to freebase the power.

They should pay all of those guys minimum wage and no benefits.

Schöneboom · 07-26-11, 08:17 PM

Hoo-Yeah, let's go even deeper in debt and print even more money! At the rate we're going, we'll all be rolling in dough, like this!

07-26-11, 05:42 PM	#5
gimpy117 Ocean Warrior Join Date: Jul 2007 Location: Kalamazoo, MI Posts: 3,243 Downloads: 108 Uploads: 0	nail was struck on the heard Amistead. We can't expect to bring this country back from the brink with only a few holding so much wealth. __________________ Member of the Subsim Zombie Army

07-26-11, 06:23 PM	#9
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,395 Downloads: 63 Uploads: 0	What is interesting is that in all the discussions in the media, there is little mention on the Federal Revenue. Time is the only magazine I have been able to find that published the numbers indicating that, as a ratio of our GDP, Federal Revenue is the lowest it has been since the early 1950s. This is why reports on the tax rate is misleading. Tax rates are only a place where tax laws and tax lawyers start from. With all the deductions and loopholes the effective tax rate is lower. It was a most interesting and informative article in Time. Before we start talking about raising taxes, perhaps we need to start closing the deductions/loopholes to raise the Federal Revenue at the same time we cut Federal Spending. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

07-26-11, 07:39 PM	#12
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,395 Downloads: 63 Uploads: 0	Perhaps, this fiasco may convince people to vote for the person and not just the initial behind a candidate's name. It really is time to get some adults in congress who are truly interested in running the country and not just party politics Like that will ever happen in America. I kill myself sometimes. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

07-26-11, 08:17 PM	#15
Schöneboom Seasoned Skipper Join Date: Apr 2007 Location: San Francisco, CA Posts: 651 Downloads: 36 Uploads: 0	Hoo-Yeah, let's go even deeper in debt and print even more money! At the rate we're going, we'll all be rolling in dough, like this! __________________ Dietrich Schöneboom, U-431 "Es wird klappen, Herr Kaleun. Ganz sicher."

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07-26-11, 11:00 AM	#1
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	I also think it's a joke to say 50-60% of americans pay no taxes. They may not pay it through payroll, but the government gets it other ways. Before I became disabled, the last year I worked I was down to 70K a year. I kept records of all taxes I paid, FICA, property, gas tax, phone tax, sales tax, electric tax, etc... 42% of my income went to taxes... My guess is those numbers would hold down to 30K a year. Just check, for every product or service you buy there will be a line somewhere with a tax included.

07-26-11, 10:20 PM	#8
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Hehe, see your post 49

07-26-11, 07:45 PM	#13
Madox58 Stowaway Posts: n/a Downloads: Uploads:	Yea, I'll spend 100 Million for a Position that only pays what? A Million a year for 4 years? Think about that!