Snowpig wrote:Claeyt wrote:long live Silvio.
...I hope you do not mean Silvio Berlusconi...
No, Steven Van Zandt played Silvio on the Sopranos TV show and he's in Bruce Springsteen's band.
Silvio Berlusconi is an embarrassment to Italy.
Snowpig wrote:Claeyt wrote:long live Silvio.
...I hope you do not mean Silvio Berlusconi...
jorb wrote:(jwhitehorn) you are an ungrateful, spoiled child
imvexus wrote:So many pages so quickly...
I have something to share which is/is not relevant, I don't care.
https://www.dropbox.com/s/b2jojrt80tiez ... esting.pdf
The lady has 2 kids, and claims head of household. We are paying her $7500 because she doesn't work as hard as everyone else and only makes $19.5k a year.
I would love to have a -45% tax rate. Yes, tax me negative half of all my money please! I am pretty sure, but cannot confirm, this person is on other welfare systems such as food stamps, further adding to the 'benefits' we tax PAYERS are giving to her.
I don't mind, I just think it is an interesting problem. I always wonder how those with less income than myself manage nice cars and long vacations. Ah, because they don't work as much and have kids, they can splurge more often when I pay them their tax. Got it. You're welcome.
jorb wrote:(jwhitehorn) you are an ungrateful, spoiled child
Claeyt wrote: She's just above the poverty line.
Claeyt wrote:Is there room for improvements to helping people get into the workforce versus letting them get full benefits, Yes. Let's have that conversation.
wormcsa wrote:When the US has an estimated 50 million people living below the poverty line, yet spends $550 billion on anti-poverty measures ($11,000 per person,) and still has people living in squalor, the US tax payer is not getting good value for his money. When I get poor value for my money, I am inclined to spend less. When I get good value for my money I am willing to spend more...Let's compromise and just give them (the poor) the money.
JC wrote:I'm not fully committed to being wrong on that yet.
Claeyt wrote:As for her 7500 tax credit. Anybody gets that in America for having 2 kids, the cutoff for the Child Tax credit is 110,000 dollars.
http://www.irs.gov/uac/Ten-Facts-about-the-Child-Tax-Credit
Kandarim wrote:i haven't read this thread thoroughly, but i'll just link this.
JohnCarver wrote:anybody who argues to remove a mechanic that allows "yet another" way to summon somebody is really a carebear in disguise trying to save his own hide.
MagicManICT wrote:This is what people complain about. Your statement doesn't align with the facts.
MagicManICT wrote:COULD my brother have a better job? Definitely. He's a college graduate, and so is she, but by the time he graduated college, he had been at his job long enough that it would have been about 25% cut in pay to take an entry level job in his field of study. If he had went that route, he probably would be making $60-70k+ a year (assuming he still had a job and didn't get laid off in this nasty ass economy we've had for 5+ years now). However, this kind of accentuates the point I made earlier about limited choices and such and the "slave to the system" that has developed. Of course, we can play the woulda-coulda-shoulda game all day.
MagicManICT wrote:Also: must be nice to be the multimillionaire and be able to pay relatively low taxes on income. If stories are true, then some of these guys pay in the single digits as a percent of total income. I think my last year I was single (filing for myself only and no dependents) I paid in more than Romney did based on percentage of income (based on information released by his campaign). I have never made enough to be considered more than working class.
MagicManICT wrote:Kandarim wrote:i haven't read this thread thoroughly, but i'll just link this.
I like Forbes, and that headline is one of the reasons why. Not sure if I should be laughing or crying....
edit: read the article, and you can't really count medicaid as reducing poverty, as was finally stated in the end. It makes for better health and life for the poor, but it doesn't pay the other bills, just makes sure people don't end up in bankruptcy court every few years from outrages medical expenses. It would end up the tax payers footing the bill, anyway, and this is just cheaper (at least according to the pundits).
MagicManICT wrote:But why not give every person making under X amount a year a yearly stipend? We could certainly afford it as a nation. Maybe we could demand something in return.... like work? OMG!! That'd be socialist!!!
wormcsa wrote:Claeyt wrote: She's just above the poverty line.
As usual Claeyt is wrong. I know of no metric where a family of three is above the US poverty line at $15,062. In 2013 (presumably not too different from 2012,) the federal poverty guideline for a family of three was $19,530. If he meant single person then it was $11,490, in which case she was significantly (31%) above.
wormcsa wrote:Not surprisingly, he also missed the point of the photo. It was showing a $7,518 as "Amount to be Refunded," after showing she had paid $4 in taxes. As in the federal government was sending her a check for that amount as a sort of negative income tax, not as a refund on taxes already paid. This, as far as I am aware, does not occur- the photo is either highly misleading or a fake.
wormcsa wrote:Claeyt wrote:Is there room for improvements to helping people get into the workforce versus letting them get full benefits, Yes. Let's have that conversation.
No thanks. I do not want to discuss "improvements helping people get into the workforce" with someone who cannot read a graph, asserts the Sandistas were not allowed to compete in the 1990 election of Nicaragua, does not know the difference between "median" and "mean," and thinks "Jorgen" is Jorb running around killing noobs. And it is precisely because people like Claeyt are the ones running the welfare state that I am against it. When the US has an estimated 50 million people living below the poverty line, yet spends $550 billion on anti-poverty measures ($11,000 per person,) and still has people living in squalor, the US tax payer is not getting good value for his money. When I get poor value for my money, I am inclined to spend less. When I get good value for my money I am willing to spend more...Let's compromise and just give them (the poor) the money.
Kandarim wrote:i haven't read this thread thoroughly, but i'll just link this.
MagicManICT wrote:Claeyt wrote:As for her 7500 tax credit. Anybody gets that in America for having 2 kids, the cutoff for the Child Tax credit is 110,000 dollars.
http://www.irs.gov/uac/Ten-Facts-about-the-Child-Tax-Credit
This is what people complain about. Your statement doesn't align with the facts. In order to get that full 7500 USD, you have to be the working poor. You make under a certain amount, and you don't qualify for as much, if any, because it's figured you have non-taxable income or assistance (such as welfare or disability). There's an earnings table to figure out how much tax credit you get just like the table to see how much you pay in taxes based on your earned income. It's why it is called the "earned income credit"--it encourages those that are underpaid to get out and find better employment. At that point, the person should be out of dead end jobs, have a position with some sort of advancement or training possibility for an even better living.
MagicManICT wrote:Also: must be nice to be the multimillionaire and be able to pay relatively low taxes on income. If stories are true, then some of these guys pay in the single digits as a percent of total income. I think my last year I was single (filing for myself only and no dependents) I paid in more than Romney did based on percentage of income (based on information released by his campaign). I have never made enough to be considered more than working class. I'd make some stink about how I could do more with that money as a "percentage of my income," but I was effectively living at home and going to school. It would have just gone on more Magic cards or a trip to a tournament.
wormcsa wrote:I do agree that something is apparently not working as intended. However, dividends and so forth are not really the same as "earned income." Theoretically before you pay a capital gains/dividend, the money you invest has already been taxed when you earned it, and then is taxed again by the corporate tax. Thus, the capital gains tax (15%) is the third tax. In practice, however, we have a whole industry of intelligent people whose sole raison d'être is to minimize tax exposure, which I think is scandalous. And so we have people like Romney who seemed to "earn" his income, but paid a very low tax rate (not quite single digit, but whatever.) Both left leaning and conservative economists have come up with proposals that would lower the taxes across the board, eliminate entirely the corporate tax, remove deductions of all kinds, and equalize the capital gains tax with the income tax. Only the first part would help wealthy Americans. Corporate taxes are mostly passed on to the consumers, and deductions are mostly used by the wealthy (and especially corporations.) You could design this to keep the wealthy paying the same amount of taxes (as Romney essentially suggested,) or with the wealthy paying more (as Obama has essentially suggested.) The fact that this sort of tax reform has not come it pass, despite widespread academic and political support, is mostly a reflection on people being fiscally conservative in principle but not on specifics. "Remove the rich's deductions, but don't touch mine." "Capitalism and free trade, but don't you dare touch that farm subsidy my family and I are (apparently) dependent on!"
wormcsa wrote:MagicManICT wrote:But why not give every person making under X amount a year a yearly stipend? We could certainly afford it as a nation. Maybe we could demand something in return.... like work? OMG!! That'd be socialist!!!
Without the work part, it is precisely the solution Milton Friedman, and Charles Murray (and I) propose. And if Milton Friedman and Charles Murray agreed on something (in principle at least,) I can assure you it is not socialist.
jorb wrote:(jwhitehorn) you are an ungrateful, spoiled child
Claeyt wrote:I forgot she had two kids instead of one. Either way my points the same.![]()
Claeyt wrote:Keep trolling jackass. I clearly read the graph right,
Claeyt wrote:Real Median Income is down now to pre-Reagan numbers
Claeyt wrote: and I knew the difference between median and mean.
Claeyt wrote:When you adjust for the massive income growth for the richest tax percentiles and take them out you can see the fall of middle class wages to pre-Reagan amounts.
Claeyt wrote:Average household income, median income levels or average wages. Whatever you use they're down since the Bush Tax cuts and at or below their levels in the 80's.
When you remove the top 1% of income earners you see that everyone else is down to pre-Reagan numbers. True this wouldn't be the median income. I should have said average income or average wages.
You'd take out the richest 1% to show the massive distortion the rise in their incomes has on the median income.
Again, I'll use average income this time instead of median income. When you factor the average income without the top 1% of income earners, the adjusted average income has fallen to pre-Reagan levels.
Claeyt wrote:You misunderstood the argument and jumped in for no reason other than to argue about nothing.
Claeyt wrote:The Sandinistas were not allowed to campaign throughout the country and the election was influenced by the Contras saying that if the Sandinistas won that they'd start the war again.
Claeyt wrote:Jorgen is running around killing noobs with chief and the tribe according to several people who listened in on their vent.
Claeyt wrote:As for giving poor people money to get out of poverty, would you rather direct it to health care and food or just hand them the cash. It seems like spending it on medicaid, food stamps and HuD is a much better use of our taxes while being the same amount.
Claeyt wrote:You can't just hand them cash and $11,000 doesn't get them out of poverty, it just maintains it.
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