Obama '08?

@okie,

okie wrote:

plainoldme wrote:

We all know okie and logic have not been properly introduced to each other.

Logic and simple math says that a 3.55 trillion budget requires that every man, woman, and child needs to pay the government about $12,000 per year just to support the spending. I ask a logical question, pom, are you paying in your fair share every year? Are you part of the problem, or part of the solution?

I wonder when Logic will figure out that personal Income taxes are not the only taxes collected by the government - not by a long shot. Someone should explain to Logic that it's fallacious to divide the budget by the population and say that that amount is what is owed by everyone.

Cycloptichorn

2 Replies

@Cycloptichorn,

Cyclops, you are wrong on that. Federal income tax and FICA, which I would include as an income tax, accounts for 93% of all federal income, according to the following site. Income tax receipts total 59% and social security receipts account for 34%, totalling 93%.
http://www.answerbag.com/q_view/562907

You could argue that FICA is not an income tax, but it is taken from every wage earner, based upon their income, so it is merely another form of income tax. Also as a self employed individual, I pay it on the same income tax return as I do income tax. Also consider the fact that the government does accounting tricks to borrow from the fund to spend, so it really functions as just another part of the income tax system for all practical purposes.

I believe it is a very fair question to ask everyone in this country if they are paying their fair share.

2 Replies

@okie,

Last time I checked, 93% does not equal 100%. Not only that, but the government certainly does not take 100% of the monies coming in from SS and use those to balance the federal budget - only 120 billion or so of that money, IIRC. Either way your calculation isn't correct.

Quote:

You could argue that FICA is not an income tax

Well yeah, you could, because it ISN'T an income tax. That's an easy argument to make.

Cycloptichorn

1 Reply

@Cycloptichorn,

Question, cyclops. Is the FICA you pay based upon your earned income, yes or no?

1 Reply

@okie,

okie wrote:

Question, cyclops. Is the FICA you pay based upon your earned income, yes or no?

Yes, but it's not an income tax. This is pretty clearly defined by our government. Your disagreement with this fact is not especially important to anything.

Cycloptichorn

3 Replies

@Cycloptichorn,

The FICA and Medicare Taxes as well as various state "disability income" taxes (in California the "SDI") are taxes on earned income that are labelled as fees, and/or insurance premiums as Cyclo noted. However, if you are delinquent on these taxes you will hear from the IRS or state tax authority, and not from the social security administration or department of Health.

What we have here are taxes on earned income that are not taxes. However they can add up to quite a lot - about $12,500/year.

1 Reply

@okie,

You get your tax advice from answerbag?

Maybe you should check with the IRS or Treasury.

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@georgeob1,

It is the Revenue service and NOT the Income tax only service.

1 Reply

@parados,

A tax to the population is revenue to the government. There is a point of view issue here which you are ignoring.

Soon it will also be the force you to buy health insurance service as well.

You really are a dedicated nit picker when it suits you.

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Soros seeks "a new world order." Obama is Soros's employee. The Obama government is our enemy.

1 Reply

@ican711nm,

ican711nm wrote:

Soros seeks "a new world order." Obama is Soros's employee. The Obama government is our enemy.

Was that part of a dialogue, or are you just shouting for effect?

1 Reply

@georgeob1,

georgeob1 wrote:

ican711nm wrote:

Soros seeks "a new world order." Obama is Soros's employee. The Obama government is our enemy.

Was that part of a dialogue, or are you just shouting for effect?

Ha.

0 Replies

@Cycloptichorn,

Cycloptichorn wrote:

okie wrote:

Question, cyclops. Is the FICA you pay based upon your earned income, yes or no?
Yes, but it's not an income tax. This is pretty clearly defined by our government. Your disagreement with this fact is not especially important to anything.
Cycloptichorn

I realize it is not "the" "income tax," but it is an income tax. In other words, it is a tax on forms of income. It is not a sales tax, property tax, excise tax, or some other form of tax. I repeat, it is a tax upon forms of income, so it is in fact an income tax. And it is collected by the Internal Revenue Service. If you are self employed, it is part of Form 1040, right along with regular income tax, that you submit to the IRS. Can you understand that?

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If anyone listened to NPR this evening, they heard a story on the millionaires who wish to pay more taxes. An economist commented and said that during the bush tax easement for the rich, there was no significant increase in jobs.

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@plainoldme,

The key to your post might be that you heard that on NPR, pom.

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@plainoldme,

By the way, the rich can voluntarily pay more taxes. The government has a program for that. Can't Buffet and others do that?

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@Cycloptichorn,

Well, didn't the research organization that Walmart hired divide the GNP by the population of the US and determine that each consumer saved $2,300/annum by shopping nowhere else?

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@Cycloptichorn,

By okie's standards, needs based scholarships are income tax and fuel subsidies based on income are income tax.

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Same old song, ican. Turn the record over.

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BTW, I bet you have no idea what a new world order is.

I bet you don't realize that the republican program -- even if they claim to be Constitutional Originalists -- is also a new world order.

For that matter, the American Revolution was a new world order.

But, that's zooming over your head.

0 Replies

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