40% Thrown Away

[Shawn]

Today was tax preparedness day lol.

Tell me how it's fair that the IRS is allowed to take 40% of money you make? That's bullshit. Then factor in personal return taxes like social security, state taxes, etc they're taking almost 50% of your income!:tdown: :tdown:

[SweetDaddyDelicious]

well they have $40K toilet seats to buy

[pdisme]

Taxes wouldn't bother me so much if the money were used to better the country, but there are a lot of things here that need attention ahead of blowing up middle eastern countries like schools, healthcare, roads, etc. Yeah yeah, I know we're safer now... :lol2:

[artherd]

who was it that said a democratic society is sure to fail once the populace realizes it can vote itself more entitlements than it can support?

[pdisme]

who was it that said a democratic society is sure to fail once the populace realizes it can vote itself more entitlements than it can support?

That person didn't realize that nuclear weapons allow you to create a deficit that you never have to pay back. :lol2:

[zzzzdoc]

I always think of taxes as that Sally Struthers commercial trying to get you to adopt a kid. I figure I've adopted about 100 kids every tax return. But they don't call, they don't write. Not even a stickin postcard once in a while.

[artherd]

That person didn't realize that nuclear weapons allow you to create a deficit that you never have to pay back. :lol2:
So is THAT the new FU money, The Bomb?! ;)

[Stryke]

You forgot that they tax you again when you go use your "after tax dollars" to buy something. You need to earn $100 in order to buy a $40 item with it after all taxes and sales taxes are eaten. :(

[Shawn]

You need to earn $100 in order to buy a $40 item with it after all taxes and sales taxes are eaten. :(

:( I'm moving lol

[Stage3]

Fair Tax for everyone!!!!

[pdisme]

The tax that bothers me more than any other I've encountered thus far is this thing Florida has with taxing businesses for the property the business owns. I'm not talking real estate, but things like computers and office chairs, desks, etc. Florida taxes you on things the business has purchased, paid sales tax on and owns outright. :wtf: How things like that get passed is beyond me, it's disgusting that I have to pay an ongoing fee for the use of the chair I sit in at work or the keyboard I type on.

[zzzzdoc]

Ah the tangible tax. Real bastards, aren't they.

[Shawn]

And now this 'tax rebate' will actually get smaller the more money you make and more taxes you paid:tdown:

[Omega_man]

And now this 'tax rebate' will actually get smaller the more money you make and more taxes you paid:tdown:

Well on that note, its sounds like its time for one of my all time favorites.

A young woman was about to finish her first year of college. Like so many others her age she considered herself to be a very liberal Democrat and was for distribution of all wealth.

She felt deeply ashamed that her father was a rather staunch Republican, which she expressed openly. One day she was challenging her father on his beliefs and his opposition to higher taxes on the rich and the addition of more government welfare programs.

Based on the lectures that she had participated in and the occasional chat with a professor she felt that for years her father had obviously harbored an evil, even selfish desire to keep what he thought should be his. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father.

He stopped her and asked her point blank, how she was doing in school. She answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain. That she studied all the time and never had time to go out and party like other people she knew. She didn't even have time for a boyfriend and didn't really have many college friends because of spending all her time studying.

Her father listened and then asked, "How is your good friend Mary doing?"

She replied, "Mary is barely getting by." She continued, "She barely has a 2.0 GPA," adding, "and all she takes are easy classes and she never studies." "But Mary is so very popular on campus, college for her is a blast, she goes to all the parties all the time and very often doesn't even show up for classes because she is too hung over."

Her father then asked his daughter, "Why don't you go to the Dean's Office and ask him to deduct a 1.0 off your 4.0 GPA and give it to your friend who only has a 2.0." He continued, "That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA."

The daughter visibly shocked by her father's suggestion angrily fired back, "That wouldn't be fair! I worked really hard for mine, I did without And Mary has done little or nothing, she played while I worked real hard!"

The father slowly smiled, winked and said, "Welcome to the Republican Party."

[ADON]

And now this 'tax rebate' will actually get smaller the more money you make and more taxes you paid:tdown:

True. But what can you do with $600 now day anyway? If it was $6,000 I would be pissed. $600...meh....can't do much with that anyways.

[pdisme]

That's a few month's gas for the spyder!

[kontis]

That's a few month's gas for the spyder!

or some play money at the strip club lol :banghead:

[RAiMA]

The tax that bothers me more than any other I've encountered thus far is this thing Florida has with taxing businesses for the property the business owns. I'm not talking real estate, but things like computers and office chairs, desks, etc. Florida taxes you on things the business has purchased, paid sales tax on and owns outright. :wtf: How things like that get passed is beyond me, it's disgusting that I have to pay an ongoing fee for the use of the chair I sit in at work or the keyboard I type on.

That's absurd. Are there any ways around it? Like incorporating a company in another states, say Nevada and have the company do business in Florida?

[pdisme]

That's absurd. Are there any ways around it? Like incorporating a company in another states, say Nevada and have the company do business in Florida?

I believe it has to be paid by any business operating in Florida; really dumb tax.

But hey, looks like we're getting those big $600 checks to stimulate the economy, I'm ready to go buy three tanks of gas!

[Chris_FL]

If you're single and make over 75K, you don't get the rebate.

Married, over 150K, I'm afraid no one on this forum is getting the rebate, it's very aggrevating since I just wrote them a 32K Check for 1 qtr :banghead:

[pdisme]

Damn, I didn't realize that; guess I have to pay the bilsl this month out of pocket.

[RAiMA]

If you're single and make over 75K, you don't get the rebate.

Married, over 150K, I'm afraid no one on this forum is getting the rebate, it's very aggrevating since I just wrote them a 32K Check for 1 qtr :banghead:

So I'm guessing most people hold their assets in their names? I've been taught to have all the assets in a company/trust and put yourself on a low salary to reduce the taxes paid.