omg the rich people are stealing all the money we need to think of the poor people . [user]poettrickster[/user] needs to just go back to myrtle beach.

If anyone is getting fucked over it is the middle and upper-middle class people in america. The poor have it easy they can just sit around pumping out babies and live off of welfare then use their medicaid whenever one of the 6 children get sick. They also get most of their federal taxes back due to exemptions and credits beside the fact that they are taxed at teh lowest 10% rate of any other group.
I have absolutely no sympathy for the the working and lower classes as far as taxes are concerned since i am sure they have the "highest gov't services benefit" : "gov't taxes paid" ratio of any other income group.

Meanwhile the middle and upper middle classes work their asses of to support their families and lifestyles while being raped at an incredible 30-33% tax rate. This money being used to maintain the laziness of the lower classes and fuel the ambitions of the upper classes who play a heavy hand in politics besides controlling the capital. The upper classes are able to find loopholes and work with the system in order to distribute their wealth in a way to minimize tax payments.


[Edited on October 9, 2007 at 12:50 PM. Reason : l]

10/9/2007 12:48:27 PM

^good post.

Poe, why is the fact that someone has no ambition or forethought the problem of the taxpayers? Or let me pose it a different way? How much money, lowering of standards, or laws requiring someone be hired does it take for them to get on their feet? Im sure you cant answer that, but we continue to keep pumping in more and more money with poorer results. The problem has to do with the individual, and until they want to change we shouldnt discuss helping them.

10/9/2007 1:42:34 PM

Quote :

"Meanwhile the middle and upper middle classes work their asses of to support their families and lifestyles while being raped at an incredible 30-33% tax rate. This money being used to maintain the laziness of the lower classes and fuel the ambitions of the upper classes who play a heavy hand in politics besides controlling the capital. The upper classes are able to find loopholes and work with the system in order to distribute their wealth in a way to minimize tax payments. "

Where did you pull this? Out of your ass? The middle class does not pay a very high percentage of their money in taxes. Don't you realize how many provisions there are in our tax code to help out the middle class? The middle quintile pays less than 14% of their income in taxes, while the top quintile pays more than 25%.

You might want to try visiting the CBO before posting more nonsense about 30% tax rates on the middle class.


[Edited on October 9, 2007 at 3:04 PM. Reason : 2]

10/9/2007 2:52:03 PM

I consider myself in the middle and I pay over that. He isnt far off by any stretch, when you factor in the countless other taxes paid.

10/9/2007 4:43:33 PM

^^ yeah, that's bullshit...my tax rate is higher than 25% and I am below the median....

10/9/2007 4:49:29 PM

You're probably paying too much then. Of course, you probably don't qualify for a lot of the tax breaks that most of the middle class receives due to being married, owning a house and having multiple dependents.

Here's a link:

http://article.nationalreview.com/?q=MDJjZWIzNGU2MDg1ZDBjNDllMzhlYjI3NDZmZjViZGQ=

Quote :

"we have a progressive tax system, and the wealthy are expected to pay more than their proportional share of taxes. The CBO data confirm that our federal tax system is indeed very progressive. Looking at all federal taxes, including payroll taxes, those in the lowest quintile paid 4.5 percent of their income to the federal government in 2004, the second quintile paid 10 percent, the third paid 13.9 percent, the fourth paid 17.2 percent, and the top quintile paid 25.1 percent. The tax cuts enacted by Ronald Reagan and George W. Bush have lowered the top tax rate quite a bit — it has fallen from 70 percent in 1979 to 35 percent today. Moreover, Reagan also raised the payroll tax rate by 3-percentage points. Knowing only this, one would assume that the wealthy are paying much less than they were in 1979 and the poor are paying much more. In fact, every income class has seen a decline in its effective federal tax rate (taxes as a share of income), including payroll taxes. According to the CBO, the lowest quintile paid 8 percent of its income in total federal taxes in 1979, the second quintile paid 14.3 percent, the third quintile paid 18.6 percent, the fourth quintile paid 21.2 percent, and the top quintile paid 27.5 percent. Thus, the lower 80 percent of households saw a much greater reduction in their total federal tax rate despite the rise in the payroll tax because federal income taxes dropped much more. "

[Edited on October 9, 2007 at 4:56 PM. Reason : 2]

10/9/2007 4:54:18 PM

I dont care what "terms" you use, I see over 33% of my paycheck taken every 2 weeks. Factor in all the other BS, I am well over 35%.

10/9/2007 5:44:10 PM

agreed! Prawn Star...you must be doing something "illegal". I'm in the middle class and I pay ~27%.

10/9/2007 5:49:33 PM

http://www.irs.gov/formspubs/article/0,,id=150856,00.html

I'd say 120K family household income is about right for a upper middle class household (ie lawyer, doctor, middle manager, etc). All income over 94K is taxed at 33% (married filing speratly). Income above 30K is taxed at 25% then to 28% @ $61K.

I'd say anyone making less than 30K would qualify as working class then further down lower class. who are taxed progressively less from 15% after 7K from 10% for their first 7K. This is not counting those who take the standard deduction.

My statement only holds true and makes sense if you use the true socio-economic definition of middle class and upper-middle class. A lot of people believing a lot of PR bullshit from politicians see themselves as middle class when their career &/or income fits into the "working class" segment of the population.

According to popular academic models only 45%-49% of Americans fall into the upper/lower middle classes. With anywhere from 1-5.9 classified as upper class. The remaining 55-58% fall into the working class or lower class. When interviewed, however, 95%, will claim to be middle class.


http://en.wikipedia.org/wiki/Social_class_in_the_United_States

[Edited on October 9, 2007 at 6:23 PM. Reason : l]

10/9/2007 6:11:50 PM