The AI-generated cat pictures thread
Joined: Jun 2005
Posts: 19,338
Total Cats: 574
From: Fake Virginia
^ Not even gonna ask...
Anyone who thinks that Americans with high incomes pay less in tax than those with low incomes, either in absolute numbers or as a percentage, needs to have a look at Section A of the Form 1044 Tax Computation Worksheet. It really doesn't get any simpler than this:
Anyone who thinks that Americans with high incomes pay less in tax than those with low incomes, either in absolute numbers or as a percentage, needs to have a look at Section A of the Form 1044 Tax Computation Worksheet. It really doesn't get any simpler than this:
Our effective tax rate is lower than someone making 1/3 of household income or something like that. But as we make good money, we can afford stuff like a house with lots of interest payments to deduct and we can afford to give our money to charities.
Of course once you get above the 406k and start making six billion dollars a year, you pay at the same rate.
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Deductions.
Our effective tax rate is lower than someone making 1/3 of household income or something like that. But as we make good money, we can afford stuff like a house with lots of interest payments to deduct and we can afford to give our money to charities.
Of course once you get above the 406k and start making six billion dollars a year, you pay at the same rate.
Our effective tax rate is lower than someone making 1/3 of household income or something like that. But as we make good money, we can afford stuff like a house with lots of interest payments to deduct and we can afford to give our money to charities.
Of course once you get above the 406k and start making six billion dollars a year, you pay at the same rate.
I, for example, made about $150k last year. My taxable was about $60k. A good chunk of that money was per diem, which is not taxed, a lot goes into investments that don't get taxed, I have 2 properties where the interest doesn't get taxed, etc. and I'm a small fry. If you have accountants and investors that know what they're doing, they can make you pay practically nothing.
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I was talking to this guy about some valvetrain issues he was having, never heard of him before, but holy damn...
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IMG_0336-2.jpg?t=1319600874
IMG_0331.jpg?t=1319600737
IMG_0325-1.jpg?t=1319600507
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Joined: Sep 2005
Posts: 34,402
Total Cats: 7,523
From: Chicago. (The less-murder part.)
One of the greatest challenges faced in running any successful web forum is locating a sufficient number of videos of an orange exploding in slow-motion, filmed at 62,000 frames per second.
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Is anyone watching the TV series Galavant? It's pretty amusing. The very first episode had a cameo appearance of Weird Al Yankovic as a singing monk (alert Joe Perez).
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Joined: Sep 2005
Posts: 34,402
Total Cats: 7,523
From: Chicago. (The less-murder part.)
Is anyone watching the TV series Galavant? It's pretty amusing. The very first episode had a cameo appearance of Weird Al Yankovic as a singing monk (alert Joe Perez).
ABC's Galavant - Trailer - YouTube
ABC's Galavant - Trailer - YouTube
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Joined: Sep 2005
Posts: 34,402
Total Cats: 7,523
From: Chicago. (The less-murder part.)
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Elite Member
Joined: Jul 2005
Posts: 2,502
Total Cats: 146
From: Anacortes, WA
^ Not even gonna ask...
Anyone who thinks that Americans with high incomes pay less in tax than those with low incomes, either in absolute numbers or as a percentage, needs to have a look at Section A of the Form 1044 Tax Computation Worksheet. It really doesn't get any simpler than this:
Anyone who thinks that Americans with high incomes pay less in tax than those with low incomes, either in absolute numbers or as a percentage, needs to have a look at Section A of the Form 1044 Tax Computation Worksheet. It really doesn't get any simpler than this:
It is not so simple at all. The people paying the highest percentage of their income to the federal government are typically people making a little over 100k as an individual or 200k filing jointly. Duel income households with no kids earning 200-250k most always pay the highest percentage of their income when you include everything such as payroll tax and deductions. There only option to avoid tax is get in debt up to their eyeballs in mortgage interest.
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