The AI-generated cat pictures thread
02-08-2015, 08:21 PM
2 Props,3 Dildos,& 1 Cat
iTrader: (8)
Join Date: Jun 2005
Location: Fake Virginia
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^ 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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02-09-2015, 12:31 AM
Elite Member
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02-09-2015, 08:38 AM
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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02-09-2015, 10:02 AM
Elite Member
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Location: Chesterfield, NJ
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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_0325-1.jpg?t=1319600507
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02-09-2015, 10:39 AM
Boost Pope
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Location: Chicago. (The less-murder part.)
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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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02-09-2015, 11:33 AM
Boost Pope
iTrader: (8)
Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
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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).
ABC's Galavant - Trailer - YouTube
ABC's Galavant - Trailer - YouTube
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02-09-2015, 01:58 PM
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Join Date: Jul 2005
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^ 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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