Super rich lowest taxes
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- Boz
Super rich see federal taxes drop dramatically
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WASHINGTON (AP) — As Monday's tax filing deadline nears, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992.
Over the same period, the average federal income tax rate for all taxpayers declined to 9.3 percent from 9.9 percent.
====LOL... it's so great being rich in America. I'm sure this will help economy tremendously. :)
- Boz0
Correction.. I meant to write in the title "Super rich lower taxes"
- e-pill0
boz.. just wondering.. you own what, 3 sport cars and a house and a super work station that i can guarantee most qbn'rs do not have.. where do you fall in america's special tax rate? by my standards you fall in the super rich lower taxes arena while the rest of us suffer.. im now just curious..
or is where you live just dramatically cheaper than living in nyc?
i just had to pay 10K+ in taxes.. yucky!!
- How the hell did you have to pony up $10k at the end of the year? You don't pay quarterly estimated?TheBlueOne
- I wouldn't guess someone's income based on their spending habits.Josev
- i dont have any spending habit.
and yes blue i know.. its yucky..e-pill - I wasn't referring to you e-pill.Josev
- ...it sounded fun again to think i had one again though..e-pill
- hah. I missed two quarterlies due to government contracts that weren't paying. I ended up owing 8k myself. I ahvent been proactive in trying to reduce my taxes, which I need to be.Josev
- proactive in trying to reduce my taxes, which I need to be.Josev
- Dude..you gotta pay those quarterly taxes..it works out better for you. I got $$ back.TheBlueOne
- Easier said than done when two major clients owe you for months of income from 6-8 months ago.Josev
- The joke is they're government contracts.Josev
- e-pill, i just had to do the same freakin' thing. ridiculous.showpony
- Maaku0
You really think this only happens in america?
Naïve...
- BuddhaHat0
If Paul Ryan's budget had gotten through, it would be even worse... I hope for the sake of all you Americans (except Hedge) that economy-destroying proposals like this get the ridicule they deserve.
- raf0
When I was a teenager in school they taught me that Medieval tithe was an extortion imposed on the peasants.
Tithe was a 10% tax.
It is naive to think that when government has more tax money we'll build a better society. What will happen, they will find a way to suck this money out of the budget, ie. by starting a war or ordering $18m websites that double what other organisations did already for their own $20K
http://www.weeklystandard.com/we…
- Iggyboo0
It is time for the flat tax, 15% for everyone in the entire country wealthy or poor and no more tax write offs.. And then anarchy ensues... :) But seriously it should be that, Some of us are paying more for taxes than GE is this year lol.
- atomholc0
the average tax payer is easy prey for the wealthy elite.
the game is rigged
the political debate is exactly that ... political.
taxes is our token of servitude.
- ukit0
A flat tax sounds nice in principle but would be financially suicidal. Has it ever been tried before? How do you finance a country with a flat tax?
We do know that a progressive tax works in a capitalist society. Look back at 50s and 60s era America, rich paid 90% on their earnings over a certain amount and we always had balanced budgets and everyone could afford a home and a nice retirement. It was when politicians listened to their rich buddies and started lowering tax rates down to 30% for the rich during the 80s that the country started running huge deficits.
- Ramanisky20
Damn e-pill .. $10K++ in taxes .. FUUUU
- yucky i know!!e-pill
- Self-employed pay more, and I think they pay even more in NY.Josev
- doesnt "yucky" cover all that??e-pill
- $10K in taxes, do you,live in a box?
:pmoldero - haha, it just means he made a shit-ton and had to pay taxes on contract workmonospaced
- raf0
Considering the kind of money I vague recall epill boasted to be making, $10K sounds like pittance.
So what are the standards here? Rich people—tax the shit out of them, fellow designers—take your hands off our money?
- those were the days.. i did earn a lot back then.. fun times.. this 10K was 1/4 of my earnings..e-pill
- Josev0
btw, I think we can be sure that nobody on QBN falls into any part of the super rich category.
- Ramanisky20
^^HEDGE^^
- Yeah, right. Am I bragging along with that statement?Josev
- Read this:
http://www.nytimes.c…Josev - Why the fuck would you think I'm hedge, asshole. Most of my posts here are font Ids.Josev
- I cant think of anything worse than being called hedgeJosev
- I wasn't calling you hedge .. I was just bringing his name based on your text from above..Ramanisky2
- i think he meant "except Hedge"moldero
- oh, yes. I guess that comment was wrong. Hedge probably makes around $345 millionJosev
- Jaline0
epill, how does that even work?
- you're making a gazillion dollars, I suppose?Jaline
- maybe plan better?Jaline
- don't mean to be an ass, but I'm curiousJaline
- how does what work? where can i shed light on your curiosity?e-pill
- i dont know what numbers you believe i may have earned but 10K in tax is around 50k yearly.e-pill
- its actually less than 50k.. is that a gazzillion dollars in canada?e-pill
- plan better? what is there to plan, you earn money you pay taxes. i still managed to save..e-pill
- how much more planning is that? i saved more than 50% of my earnings. seems good 2me.e-pill
- None of your responses make sense.Jaline
- what is your question than, you never made one.. really..e-pill
- or are you just trying to instigate something that isnt working in your favour?e-pill
- not really sure where you are coming from or what you want.e-pill
- c'mon guys, you're friendsmonospaced
- friend hug
*hugs jalinedrgs