I have just got to vent here

[motionclone]

‘ my common sense

 

[Sparky Prep]

I guess the $13,000.00 they already stole wasn't enough.

I WISH they only stole $13 k from me. I paid $27k in taxes this year.

 

[D2Cat]

Does anyone remember Jimmy Carter and his economic policies? Mortgages were about 14% and banks were paying 10% on CDs. Food and fuel prices were out of sight, the stock market tanked, and people were driving their gas-guzzling cars into the lakes to get rid of them. Put a "luxury" tax on boats that drove all the US boat manufacturers out of business, because people that could afford a boat stopped buying boats. Once again, great times and challenges are ahead of us.

The reason interest rates, which ultimately are set by the Federal Reserve, exploded in 1980 was housings' arch nemesis, runaway inflation. The Fed funds rate, which is the rate banks charge each other for overnight loans, hit 20 percent in 1980, and 21 percent in June 1981.

 

[fried1765]

Does anyone remember Jimmy Carter and his economic policies? Mortgages were about 14% and banks were paying 10% on CDs. Food and fuel prices were out of sight, the stock market tanked, and people were driving their gas-guzzling cars into the lakes to get rid of them. Put a "luxury" tax on boats that drove all the US boat manufacturers out of business, because people that could afford a boat stopped buying boats. Once again, great times and challenges are ahead of us.

I want those 10% CD's to come back (my mother had one for 11%).
Don't want any of that other associated crap though.

 

[Biker1mike]

I WISH they only stole $13 k from me. I paid $27k in taxes this year.

Leona Helmsley: "We don't pay taxes. Only the little people pay taxes."

I am one of the little guys.

 

[GreensvilleJay]

I'd like to pay more taxes cause then I'd be making more money.....

 

[fried1765]

I WISH they only stole $13 k from me. I paid $27k in taxes this year.

To pay that much federal tax, you had to have $150K income.
Not a pretty story, but you are certainly not a pauper.

 

[Sparky Prep]

To pay that much federal tax, you had to have $150K income.
Not a pretty story, but you are certainly not a pauper.

I'm doing ok. That doesn't make it ok for the government to take that much, though.

 

[fried1765]

Leona Helmsley: "We don't pay taxes. Only the little people pay taxes."

I am one of the little guys.

Good 'ol Leona...... she was so subtle about being above us all!

 

[Biker1mike]

I'd like to pay more taxes cause then I'd be making more money.....

Little brother makes at least ten times what I make and yet is tax bracket is quite low. It is not how much you earn but how you earn it !

 

[armylifer]

To pay that much federal tax, you had to have $150K income.
Not a pretty story, but you are certainly not a pauper.

I think that you are rushing to judgement on his net worth. $150K is not a lot of money if you are running a small farm or even a small grocery store. You do not know how many hours of labor he put in to make the money he does and if he has any persons that he has financial obligations to, or employees for that matter.

 

[Sparky Prep]

I think that you are rushing to judgement on his net worth. $150K is not a lot of money if you are running a small farm or even a small grocery store. You do not know how many hours of labor he put in to make the money he does and if he has any persons that he has financial obligations to, or employees for that matter.

Thank you.

 

[fried1765]

I think that you are rushing to judgement on his net worth. $150K is not a lot of money if you are running a small farm or even a small grocery store. You do not know how many hours of labor he put in to make the money he does and if he has any persons that he has financial obligations to, or employees for that matter.

The OP did not mention his .... "net worth".

$150K annual income is $150K annual income, and it does not matter one bit how it was accquired, or what financial obligations exist.

The average USA annual income is $54,132.

 

[DustyRusty]

As a bank robber, I could make that in one day and not pay any taxes on the money!

 

[Flintknapper]

My Daughter is an RN and does 'Travel Nursing'. She has been out in Commiefornia the last two years and pays 32% of Her gross income in State and Federal Taxes.

That is ridiculous....I can see why folks are leaving Kali in droves.

 

[DustyRusty]

The states with the highest income tax for 2021 include California 13.3%, Hawaii 11%, New Jersey 10.75%, Oregon 9.9%, and Minnesota 9.85%. Eight states have no personal income tax, including Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.

 

[motionclone]

I am one of the little guys.

 

[Sparky Prep]

The OP did not mention his .... "net worth".

$150K annual income is $150K annual income, and it does not matter one bit how it was accquired, or what financial obligations exist.

The average USA annual income is $54,132.

While $54k is the average income, in America, we are free to make as much money as we are willing to work for. Some want to coast, and others want to hustle. Free choice is a beautiful thing.

 

[Biker1mike]

The OP did not mention his .... "net worth".

$150K annual income is $150K annual income, and it does not matter one bit how it was accquired, or what financial obligations exist.

The average USA annual income is $54,132.

The median family income in 2021 was 79,900 (per HUD). Lots of two income families.

How you acquire income matters a LOT.

 

[Henro]

Amazes me how some people think they should be living in a country and any taxes they pay are being stolen from them.

First off, we are given the opportunity to live in a country and benefit from whatever protections the country may offer us. And whatever services the country may offer us. Such as roads to drive our cars on, and many other things.

Myself, I never cheer when I pay taxes. BUT I accept it for what it is. Not always the most efficient use of money for sure, but it does work to offer me something in return.

So I, like most others in the world, live with the fact that taxes paid also offer some return benefit.

Regardless of where we live, we can bitch about it, but taxes are a way of life in every country in the world that has a government and provides services to its population, as far as I know.

"Cry baby cry..." is saying that comes to mind. Whatever we think, doubt anything regarding taxes will change much, except maybe for the rate we fall into income wise.