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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:02 PM Original message |
What should be the tax rate for income of $100,000 per year? |
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angstlessk (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:06 PM Response to Original message |
1. maybe we need more upper income brackets..like over 1 million |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:07 PM Response to Original message |
2. I think all tax rates should revert to what they were before GWB assumed the presidency. |
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safeinOhio (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:35 PM Response to Reply #2 |
9. I'm with you Lasher, |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:51 PM Response to Reply #9 |
42. I'm having a big problem forgiving Obama for having extended the Bush tax cuts in December. |
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JAnthony (745 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:12 PM Response to Reply #2 |
50. yes! |
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Avant Guardian (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:20 AM Response to Reply #2 |
91. Doing so would balance the budget in a few years |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 01:20 PM Response to Reply #91 |
101. Thanks for the excellent graphics. Do you have a link to your source? |
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damntexdem (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:11 PM Response to Original message |
3. Here are some thoughts: |
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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:17 PM Response to Reply #3 |
4. 25% of 100,000 is a lot of that income. |
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JuniperLea (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:24 PM Response to Reply #4 |
6. 30% of my less than $100,000 is a lot of money I have to do without too... |
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Spike89 (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:04 PM Response to Reply #4 |
11. Not how tax rates work |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:12 PM Response to Reply #11 |
15. According to this graph, 98.3% make less than $250,000 |
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dems_rightnow (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:45 PM Response to Reply #11 |
33. Interest income is taxed EXACTLY as other income |
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Spike89 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 02:30 PM Response to Reply #33 |
104. Yeah, I was wrong and oversimplified |
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Obamaforthewin (40 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:42 PM Response to Reply #11 |
64. You are confused. |
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Spike89 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 02:32 PM Response to Reply #64 |
105. yup, oversimplified and chose the wrong term |
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formernaderite (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:49 PM Response to Reply #4 |
35. it should depend on where you live |
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JAnthony (745 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:15 PM Response to Reply #4 |
53. These are tax thresholds.......as it is with all taxation schedules... |
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cameozalaznick (624 posts) Send PM | Profile | Ignore | Tue Jun-07-11 11:21 PM Response to Reply #4 |
79. But you only pay the 25% on anything over $25,000 |
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Carolina (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:23 PM Response to Reply #4 |
98. and life circumstances |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:08 PM Response to Reply #3 |
13. Holy crap. 40% on $250K? |
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REP (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:37 PM Response to Reply #13 |
20. You're paying 35% now |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:46 PM Response to Reply #20 |
21. We pay probably 30% after deductions and all. |
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boppers (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:54 PM Response to Reply #21 |
45. "$250K isn't rich nowadays." |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:19 PM Response to Reply #45 |
56. The truly rich have more than the rest of us combined nt |
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snooper2 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 09:43 AM Response to Reply #56 |
83. ROFL |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:14 PM Response to Reply #83 |
95. *sigh* |
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boppers (1000+ posts) Send PM | Profile | Ignore | Thu Jun-09-11 05:14 AM Response to Reply #95 |
118. I used to beg on the streets. To buy food. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Thu Jun-09-11 06:01 AM Response to Reply #118 |
119. It's all relative, isn't it? |
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Codeine (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:21 PM Response to Reply #21 |
58. Baloney. 250k a year is plenty fucking rich. nt |
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Marrah_G (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:18 AM Response to Reply #21 |
88. Yes, yes it is. |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:18 PM Response to Reply #88 |
96. Wow. Infighting, that's what got us to where we are now. |
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Skink (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:27 PM Response to Reply #13 |
28. Why not? |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:39 PM Response to Reply #28 |
30. 250K isn't rich |
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Marrah_G (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:19 AM Response to Reply #30 |
89. Yes 250k is rich |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:20 PM Response to Reply #89 |
97. no. this is not wealthy. |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:03 PM Response to Reply #13 |
48. A net rate of 40% is insane. A net rate between 25% and 30% would |
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cameozalaznick (624 posts) Send PM | Profile | Ignore | Tue Jun-07-11 11:26 PM Response to Reply #13 |
80. Please see my reply to #4 upthread... |
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Marrah_G (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:17 AM Response to Reply #13 |
87. even if you DID have to pay 40% you would be left with 150,000 |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:18 PM Response to Original message |
5. People that earn more should pay higher marginal tax rates so that |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:25 PM Response to Original message |
7. Zero |
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Astrad (374 posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:14 PM Response to Reply #7 |
16. The problem with consumption taxes is they aren't progressive |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:18 PM Response to Reply #16 |
22. If you exempt necessities they are |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:52 PM Response to Reply #22 |
44. The rich would end up paying even less. |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:37 PM Response to Reply #44 |
71. A lot of that ends up tax free due to exemptions |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 10:38 PM Response to Reply #71 |
75. There needs to be a lot of changes to the tax code. |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:12 PM Response to Reply #22 |
51. no they would not be |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:15 PM Response to Reply #7 |
17. Many people don't make enough to "consume"... |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:19 PM Response to Reply #17 |
18. Yep |
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Army of Dawgness (9 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:00 PM Response to Reply #7 |
47. Word. Income taxes are designed to keep poor & lower income from obtaining wealth. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:20 PM Response to Reply #47 |
57. The problem I see with consumption tax... |
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Army of Dawgness (9 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:29 PM Response to Reply #57 |
61. The same could be said for an income tax also. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:50 PM Response to Reply #61 |
74. However... |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:44 PM Response to Reply #57 |
113. Actually, consumption taxes are much more stable than income taxes |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:36 PM Response to Reply #47 |
69. "Income taxes are designed to keep poor & lower income from obtaining wealth." |
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Army of Dawgness (9 posts) Send PM | Profile | Ignore | Tue Jun-07-11 10:46 PM Response to Reply #69 |
76. Meh. Let me rephrase. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 11:14 PM Response to Reply #76 |
78. What would the rate have to be? |
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Army of Dawgness (9 posts) Send PM | Profile | Ignore | Tue Jun-07-11 11:28 PM Response to Reply #78 |
81. Well....... |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:32 PM Response to Original message |
8. Here are my answers |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 04:41 PM Response to Original message |
10. Here is a link comparing taxcuts and deficits - Dems and Repubs |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:06 PM Response to Original message |
12. $100,001 & up, 100% |
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Dreamer Tatum (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:19 PM Response to Reply #12 |
23. You mean, time to set fire to the playing field. nt |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:26 PM Response to Reply #12 |
26. Insanity! Pure, unadulterated Insanity! |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:29 PM Response to Reply #26 |
29. delete |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:53 PM Response to Reply #29 |
37. Happens to the best of us. nt |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:49 PM Response to Reply #26 |
34. Got it covered. |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:47 PM Response to Reply #34 |
40. impossible |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:13 PM Response to Reply #40 |
52. $100,000 should buy a lot more than it currently does. |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:19 PM Response to Reply #52 |
66. but people won't, there is no longer any compensation for it |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 09:37 AM Response to Reply #66 |
82. I don't think you're understanding. |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 09:57 AM Response to Reply #52 |
84. 100K "should buy"... |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:49 AM Response to Reply #84 |
93. Should the the directors of a university get paid $500k a year causing tuition to soar |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 11:55 AM Response to Reply #93 |
94. OK - since we go anecdotal here... |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 02:11 PM Response to Reply #94 |
102. You must be out west or in the north. |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 02:26 PM Response to Reply #102 |
103. who said anything about entry level? And no, I'm in NC. |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 07:22 PM Response to Reply #103 |
114. Is money the only reason you do what you do? |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:10 PM Response to Original message |
14. we want to start with a 4.6% increase, from 35% to 39.6% (the Clinton rate) |
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backwoodsbob (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 05:25 PM Response to Original message |
19. up to 30k |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:21 PM Response to Reply #19 |
24. Why should up to 30k pay zero? |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:42 PM Response to Reply #24 |
99. That's the fundamental problem with American taxes. |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:54 PM Response to Reply #19 |
38. 10-12k maybe. But 30k is a full fledged salary in these parts. nt |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:22 PM Response to Original message |
25. People who are well off need to quit playing poor. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:27 PM Response to Reply #25 |
27. We are trying to sell our boat... |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:18 PM Response to Reply #27 |
54. +! That's the same old song, innit? |
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JHB (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:43 PM Response to Original message |
31. It's not the $100K to $250K that are ctitical... |
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Name removed (0 posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:43 PM Response to Original message |
32. Deleted message |
Commie Pinko Dirtbag (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 06:50 PM Response to Reply #32 |
36. Because the $5k bite hurts the $50k person a LOT more than the $25k bite hurts the $250k person. |
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JHB (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:06 PM Response to Original message |
39. I suggest income taxes on "55 minus 10"... |
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boppers (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:50 PM Response to Original message |
41. "Shouldn't everyone have to pay something?" |
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B-Stupid (87 posts) Send PM | Profile | Ignore | Tue Jun-07-11 07:52 PM Response to Original message |
43. Revert back to the brackets under Clinton |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:00 PM Response to Original message |
46. 0 percent to 50K a year, 20% income over 50k |
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George Wythe (93 posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:10 PM Response to Original message |
49. $0.00 |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:19 PM Response to Reply #49 |
55. Another idea worthy of exploration. nt |
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kick-ass-bob (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:06 AM Response to Reply #49 |
85. But what are these tariffs, and where does that money come from? |
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IndyPragmatist (556 posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:21 AM Response to Reply #85 |
92. Yep, tariffs are not a good idea, especially in poor economic times |
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George Wythe (93 posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:26 PM Response to Reply #92 |
109. In theory, I support the concept of free-trade. Free trade would be fine |
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George Wythe (93 posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:31 PM Response to Reply #85 |
110. It is really no different than the taxes that localities implement on tourists. |
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Obamanaut (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:24 PM Response to Original message |
59. "Shouldn't everyone have to pay something?" Yes, but some don't - if you |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:38 PM Response to Reply #59 |
63. No, actually. |
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elleng (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:25 PM Response to Original message |
60. $1milliion - 45%, $1billion-49% |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 08:36 PM Response to Original message |
62. Just about zero. That should be the full, lone exemption, no other loopholes. |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:18 PM Response to Original message |
65. First, everybody should file as single. |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:29 PM Response to Reply #65 |
68. What would be the tax for this guy? |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:38 PM Response to Reply #68 |
72. Use the lower chart that I provided to figure it out. |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 07:40 PM Response to Reply #68 |
115. That guy? We should be talking imprisonment & full clawback of everything he's worth. |
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Vinee (421 posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:24 PM Response to Original message |
67. I think it's fair to say that an individual who earns $100,000/yr already pays close to a 50% tax |
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Carolina (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 12:46 PM Response to Reply #67 |
100. Exactly |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 07:50 PM Response to Reply #67 |
117. Agreed. |
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OnlinePoker (837 posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:36 PM Response to Original message |
70. Nobody earning less than the poverty line should pay income tax |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Jun-07-11 09:40 PM Response to Reply #70 |
73. See my post above. |
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OnlinePoker (837 posts) Send PM | Profile | Ignore | Tue Jun-07-11 11:02 PM Response to Reply #73 |
77. What breaks? |
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Marrah_G (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:13 AM Response to Original message |
86. The difference between tax on 250, 000 and 25000 is this.... |
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IndyPragmatist (556 posts) Send PM | Profile | Ignore | Wed Jun-08-11 10:19 AM Response to Original message |
90. I really don't think it's smart to go above 60% |
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Spike89 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 02:59 PM Response to Reply #90 |
106. Your example is actually backward! |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 03:28 PM Response to Reply #106 |
107. Why do have so many billion dollar businesses? |
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Spike89 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:13 PM Response to Reply #107 |
108. Are you responding to my post? |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:40 PM Response to Reply #108 |
112. Thanks for your comments. |
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JoePhilly (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 04:35 PM Response to Original message |
111. You miss something critical. And the GOP is THRILLED that you do. |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed Jun-08-11 07:45 PM Response to Original message |
116. Why Are You Punishing Me? |
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Kip Humphrey (1000+ posts) Send PM | Profile | Ignore | Thu Jun-09-11 07:22 AM Response to Original message |
120. $50,000/yr = 0% per individual, +1% per each add'l $25,000 capped at 50% - w/ NO exemptions |
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