A 2010 INCOME TAX EXAMPLE
Schedule Y-1: Married filing jointly with two children
PER PERSON NUMBER PERSONS TOTAL
Standard Deduction $5,700 4 $22,800
Exemptions 3,650 4 14,600
Total of Deductions + Exemptions $37,400
GROSS INCOME 37,400 50,000 100,000
TAXABLE INCOME (0) 12,600 62,600
INCOME TAX (0.00) 1,260.00 8,552.49
% TAX ON GROSS 0% 3% 9%
GROSS INCOME 1,000,000 10,000,000 100,000,000
TAXABLE INCOME 962,600 9,962,600 99,962,600
INCOME TAX 307,218 3,457,218 34,957,218
% TAX ON GROSS 31% 35% 35%
GROSS INCOME 1,000,000,000 1,000,000,000,000 10,000,000,000,000
TAXABLE INCOME 999,962,600 999,999,962,600 9,999,999,962,600
INCOME TAX 349,957,218 349,999,957,218 3,499,999,957,218
% TAX ON GROSS 35% 35% 35%
There is a plethora of data available regarding who pays what in federal personal income taxes. I readily find tables going back to 1980.
That would probably be a good starting point if anyone is interested in getting beyond the "I would guess" stage.
Would you be interested, Okie and Cyclo et al, in wading through the numbers? Or would you rather continue with generalizations?
Let me know.
@realjohnboy,
Realjohnboy, I'd like to see the tables you have in mind.
I have seen tables on "who pays what in federal personal income taxes." I'm interested in whether or not the tables you refer to are the same ones I've seen.
@cicerone imposter,
You finally got it! Union wages outstripped union productivity.
@ican711nm,
I googled in "federal tax revenues income" and got a lot of data, taking a good hour to digest. I clicked on the 1st 3. I think that the underlying stats come from the IRS. Rather mind numbing and one really needs to pay attention to the footnotes which are written in somewhat indecipherable government language.
It seems to me that, if we can move on from tedious name calling and mudslinging, there is a wealth of information we could mine. I am not sure we can reach a consensus of opinion. I doubt it. But the effort might be an interesting exercise.
@realjohnboy,
Realjohnboy, I'll give searching on "federal tax revenues income" a try too.
Excellent. May I suggest that we set up a new thread rather than clutter up this one which is more devoted to Obama. I think that there will be the same gang of people. If you can agree to that, I will try to craft an intro that might pull in some new folks. I can try to do that tomorrow morning.
@ican711nm,
Quote:Yes I would like to deprive you of your lousy jobs for $22,000 a year ! I'd prefer to see you lawfully earn at least triple that for one job, 5 days and 40 hours a week.
Prerequisite step 1: give up your leftist fantasies, and think rationally.
Here, I have to respond to the Grand Wizard of the Know Nothing Party and I am already alienating him with sarcasm.
However, the above quoted remark is pretty vague.
It is also illogical, because a prerequisite step 1 demands a step 2 but ican never let a little thing like logic stand in his way. Or form either.
He underlined lawfully earn. Well, I have never dealt drugs. The most widely used drug today might be crystal meth, cooked by RIGHT WING CONSERVATIVES in rural areas across the nation.
I have never sold my body for money or political favor.
So, what does he think I do that is illegal? Teach at a community college? Work as a sales clerk in a high class liquor store?
Does he know of my previous work as a disc jockey for a Celtic music radio show, a shelver at a public library, a traffic clerk for NPR, a substitute teacher, a freelance text book writer? All sounds pretty legal to me.
Leftist fantasies? What the hell is a leftist fantasy?
Think rationally? This, from the man who declares over and over and over and over and over and over . . . that Hitler was on the left?
I wonder if ican is mildly dyslexic? Naw!
Does he know that I live in a state where ageism is the most prevalent form of discrimination?
Naw. He is the grand high pooba of the revived Know Nothing party.
Let me tell you straight off and shoulder to shoulder, ican. To give up my left wing weltanschauung would mean to become a whore.
To me, being on the left is a higher state. Being on the left is ethical. Being on the left is what people should be evolving toward. Not creeping back into the right wing dung heap.
@georgeob1,
Quote:ther it was the result of high taxes and Labor Union actions to reduce productivity that rendered them uncompetitive in the world market. Wipeing out the salaries of all their executives wouldn't have saved them.
Translation: We take no personal responsibility for our actions and blame what we label the left -- no matter how untethered to the truth such claims are -- for the state we have placed the American worker in.
@ican711nm,
Quote:
The governments of the USA have been moving LEFT since Wilson.
Garbage. Wilson was a racist, therefore, a right winger.
Obama is a centrist.
Get the pixie dust out of your eyes, cloaca.
@plainoldme,
LBJ was a racist also. Does that make him a right winger, pom?
So was Robert Byrd a racist, but I doubt a right winger either.
@plainoldme,
plainoldme wrote:
He underlined lawfully earn. Well, I have never dealt drugs. The most widely used drug today might be crystal meth, cooked by RIGHT WING CONSERVATIVES in rural areas across the nation.
Pardon me, pom, but you are an absolute nut. You know nothing about what you are talking about, nothing. Drug use and drug pushing are not conservative ideas, they are an outgrowth from the hippie generation and rebel culture, which were a bunch of loser leftists and radicals from the sixties.
Seriously, pom, are you mentally all there?
@Cycloptichorn,
Cycloptichorn wrote:To repeat: you have no evidence whatsoever to support your positions, whereas I most certainly do to support mine. The numbers do not lie.
Cycloptichorn
Then where is your evidence? It takes more than your statements, which frankly are not credible to my mind, at least not without data. I think the higher earners are paying more and more of the tax revenues now than ever. You said that was wrong, and so it is up to you to prove it, with numbers. Look, we know that approaching 50% of the population pay absolutely no income tax at all, so it is readily apparent that the producers and people with money are paying everyone else's way, and only an idiot or a liar will try to deny it. Which one are you?
Cyclops, I am a little sorry for getting a bit abrupt and abrasive, using the words liar and idiot, but frankly my patience is running short with folks that insist upon demagoging the productive and responsible people of this country.
@okie,
Define racism and explain how passing the Civil Rights Act of 1964 makes LBJ a racist.
But, LBJ's creation and extension of the War in Viet Nam makes him a right winger.
@okie,
Sugar, the issue here is LEGALITY.
And, anyone who denies the presence of the right in the big time drug trade is naive.
@okie,
Quote:
Then where is your evidence? It takes more than your statements, which frankly are not credible to my mind, at least not without data.
Do you really want to expose yourself in that way?
