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Thread: This is insane...

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    Default This is insane...

    Do you realize that if you make 250,000 a year you have more after taxes take hom income than if you make 300,000?

    How the hell does that work? Oh yes, by electing democrats!!!

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    Veteran Member BringOnTheMen's Avatar
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    Default Re: This is insane...

    1) not true. both incomes fall within the 33% bracket.
    2) violates the politics ban.
    Quote Originally Posted by lokikola View Post
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    God/dess sammii's Avatar
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    Default Re: This is insane...

    Uh, random, but this isn't the place to discuss politics or start an argument.

    Also, I don't know much about politics, but there are probably more democrats posting on a Stripper forum than republicans

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    Default Re: This is insane...

    Its not politics.. its a money issue... taxes is money!

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    Veteran Member BringOnTheMen's Avatar
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    Default Re: This is insane...

    Well, it's not an issue at all, because it isn't true.

    Quote Originally Posted by AmyLynne View Post
    How the hell does that work? Oh yes, by electing democrats!!!
    That is political.
    Quote Originally Posted by lokikola View Post
    I don't give a fuck if they throw it, crumple it, put it in my garter, my shoe, between my tits, in my thong, or in my hand. Just tip me, bitch.
    Join my weight loss group!







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    Default Re: This is insane...

    read the article on my blog about it.. explains it all...

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    God/dess LAChloe's Avatar
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    Default Re: This is insane...

    AmyLynne- Are you for real? Aren't you the same person that tried to say you have mafia ties?

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    Default Re: This is insane...

    yes my grandfather was in the Gambino family...

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    Featured Member Vamp's Avatar
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    Default Re: This is insane...

    Quote Originally Posted by AmyLynne View Post
    Do you realize that if you make 250,000 a year you have more after taxes take hom income than if you make 300,000?

    How the hell does that work? Oh yes, by electing democrats!!!
    If you make that kind of money and do not know how to file taxes with exemptions or hire a tax attorney ..... well you have no one to blame but yourself.

    Yes you also made a political statement. If you cant see that, then no wonder your taxes are screwed up.

    Btw if these random posts are just way to send traffic to your blog that is spamming and not allowed as well.
    Nature knows no indecencies; man invents them. ~ Mark Twain


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    Default Re: This is insane...

    I've been in accounting, corporate to be sure, for eight years now and I just don't see any way that a taxpayer with exactly the same deductions making $50,000 more would pay less. It is entirely possible that with the AMT the taxpayer making $50,000 more might pay a lot more in taxes. Now, if you change the deductions or change the exemptions or change the type of income it is very possible for different taxpayers to pay wildly different amounts on the same income.

    HTH
    Z

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    Default Re: This is insane...

    I did a Federal Income Tax calculation on the following page for both numbers without any deductions:

    http://www.hrblock.com/free-tax-tips...ors/index.html

    If you make $250k, you pay $64,531 in taxes and take home $185,469.
    If you make $300k, you pay $81,031 in taxes and take home $218,969.

    Your statement is incorrect.

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    Default Re: This is insane...

    I'm staying far away from this issue, other than to point out that Zofia is correct about potential effects of the AMT ... which are not considered in H&R Block's simulation. There are also additional potential effects depending on US congressional action ( or lack thereof ) before January 1st relative to 2012 income tax laws / rates. Also, either / both cause the 'marginal' tax rate applying to the last dollar earned to increase significantly.

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