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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2015
Posts: 41
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Debate
amdx wrote:
On 11/11/2015 6:16 AM, Keyser Söze wrote:
On 11/10/15 11:48 PM, wrote:
On Tue, 10 Nov 2015 17:24:32 -0800 (PST), Tim
wrote:
- show quoted text -
I watched a bit of the so-called "undercard." Bobby Jindal is an ass.
.....
I'm watching "Iwo Jima: From Combat to Comrades"
Very fitting for today
We hung out by the pool, with the tunes. If there was anything
interesting, it will be all over the TV for a week.
You didn't miss much. Carson flip-flopped on increasing the minimum
wage. Bush woke up for a few minutes. Cruz said he had five federal
agencies he wanted to close but couldn't name them. Not sure what Paul
said, so it wasn't memorable. Rubio wants more military so we can fight
more wars. Fiorina's mouth moved. Kasich tried too hard. Trump wants to
round up 11 million "aliens" and bus them to Auschwitz. That's about it.
Gee, what a surprise analysis by Foad.
If I have it right, you think we need more illegal aliens, the economy
is fine, there are plenty of jobs available, spending levels need to
be higher, the $19 trillion dept needs to be bigger, the IRS needs
more pages of regulations, government should take more from the
workers in taxes, we need more regulations on people and businesses, a
terrorist attack here and there is fine, no need to increase military
spending,
we don't need to repatriate overseas earnings, we need to tax it, no
need to try and improve our trade, currency manipulation is not real.
Oh, they all had budget and deficit busting plans to lower taxes for
the
rich.
The rich are who pay the taxes, the top 10% pay almost 68% of taxes,
the bottom 50% only paid 3% of the taxes. (2011)
Have you analyzed your federal tax bill?
I only pay 2% to 3% in federal taxes.
Figure $80K of income, two SEP's $7,500, an HSA $7,650, $12,400
standard deduction, deduction for 1/2 of FICA paid, about $6,000,
3 dependent deductions at $3,900 ea. this totals $52,750.
If you subtract $52750 from $80,000 you have $27,250 of taxable
income. Tax table says tax due of $3181, however with a college
tuition tax credit of $1,351, that leaves $1,830 of federal taxes due.
1830 / 80,000 = 2.3% tax rate on $80,000.
I probably missed some deductions, this was off the top of my head.
I don't feel I need a lower tax rate, give it to the guy paying $100,000
tax bill.
What is your Federal tax percentage? Do you really need a tax cut?
Mikek
Mikek
His is zero, of course. That's why he is entitled to an opinion.
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