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!!!




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!!!



1) not true. both incomes fall within the 33% bracket.
2) violates the politics ban.





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




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







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





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




yes my grandfather was in the Gambino family...




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





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





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.





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.
Bookmarks