Yes, I was already aware of all these. Self-employment, cigarette, and, unfortunately, AMT taxes do not apply to me. Land-line no longer applies. Alcohol seldom applies. All the rest, however, certainly do.
Excise, v., to cut.
Yes, they surely are getting a cut. We do, however, need the roads.
I do fail to see why we need a cable TV tax, though. What does it support?
And the "required fees" that you see on cable TV. They charge sales tax on those fees, as well, even though the government itself requires them. To me, that's double taxation.
CBS,You miss figured. START with product+cost+profit+tax.THIS passes several market steps,wholesale to retail.Tax at each step is like compound interest dobling/redoble quickly.GOV PORK CONTRACTS [FED/STATE/COUNTY] do this also.
I think the point of the article is to remind people that even the legendary 47% (along with the other 53%) pays so many different taxes that support the infrastructure of this country. When you add in all the state taxes people pay, people pay quite a bit to keep things going.
In other words, we are all in this together and we ALL contribute to our mutual good.
#1 and #2 are the same thing; accounting difference. #3 is hardly hidden; no one needs to earn between 200k and a million; middle class is a household grossing at most 80k. Why would anyone have a land line #6? These others are sales taxes essentially. I'm 55 and knew as a child that smoking wasn't healthy; the education on this has only increased; why would anyone younger than me smoke?; and my age or older, and smoking, very few alive. Drinking is equally stupid. So could care less if these two taxes #9 and #10 exist.
Surveys consistently return that the two most enjoyable pastimes are 1) Making Love - what a surprise! and 2) Partying, which basically means drinking with friends. So you have just stated that the second most popular activity on the Planet is "Stupid." What do you do for fun?
People do earn over 200K - if they didn't, your taxes would be a lot higher. Jill's point is that the AMT is designed to catch millionaires who can afford tax lawyers to avoid their paying any income tax: it shouldn't apply to high-end middle class.
Landlines are mainly useful as carriers for ADSL broadband, but I still get old-fashioned phone calls on mine too.
Smoking is stupid, I agree, but people in a free country have the right to do want they want, even stupid things, as long as they pay the full cost of their decision. The price of a pack of cigarettes should be high enough to cover the full cost for medical treatment of the users' lung cancers and other health risks associated with smoking. If that means cigarette taxes need to double, so be it. If the higher price forces some people to quit - even better.
Why are any of you paying any taxes? The tax system is entirely voluntary. If you don't want to pay taxes, don't go looking for robbers to hand your money over to.
If you think taxes are insanely high (they are), and aren't happy about it, revolt against your government. Start throwing tea in to the harbor. Start a revolution and start tarring and feathering the tax man when he comes to take your money, giving you nothing in return.
I don't know where you live, but the taxes are not voluntary and if you tarred the police when they come to get you then your time in jail will be even longer.
From the first draft of the Constitution, Congress has had the power to collect revenue and levy taxes at any time they so choose. The taxes we pay really aren't as high as they could and (for some) should be.
I see you must be a teatard or you wouldn't play that whole "tea in to [sic] the harbor" myth.
IF you knew anything about the history of the United States, you would have discovered that the Boston Tea Party from whence the Tea Party took its name was not what it has been portrayed as. The reality was that the only tax being charged in the colonies was a small one on tea, both to protect the British right to tax its territories and to help bail out the British East India Company. The protest was not about the tax at all, but about the BEIC's monopoly on tea distribution in the New World. In other words, the nice colonists wanted a taste of the action.
As for getting nothing in return, wow! You really don't have a clue, do you?
By your nickname, I presume you hang with bikers or may be one yourself. That means road trips on highways kept safe with DOT repairs and upgrades. Stop for a burger? The tax-funded USDA makes sure the meat in said burger is not going to kill you. The state patrol, while you might not care for them, are there to protect you from crazy drivers that might want to run you down. Cell phone to call your buddies? That federal cell tax makes sure there are enough frequencies available for your signal to carry across several towers. I could go on, but you get the point.
You may think you get nothing, but even the Internet you used to come here and complain had its beginning in federal agencies (along with universities) funded with--you guessed it--taxes!
The self-employment tax is one that really hurts and is a deterrent to people doing their own thing when that's a way for them to become employed. If you're not used to paying ALL your employment taxes it is a real shock when the time comes.
you just have to know how to do the deductions and report payroll ... As the saying goes, tax evasion may be illegal but tax avoidance is not. Do you really think all these small business owners & immigrant shop oweners in NYC are 100% honest when doing their taxes (note: federal, state & local (city) tax) ??
Yes we have multiple overlapping tax bases. What's missing from the discussion about the impact of the "fiscal cliff" is that beyond the 4% of GDP fiscal cliff lies additional 8% of GDP white water rapids with several factors we'll also need to address that have implications for consumption and balance sheet repair. We're borrowing and spending $1.70 for each $1.00 added to GDP. Debt service on $16.26 trillion at 3% for 20 years is $1.093 trillion which the public is oblivious to. Add $605 billion per year first year principle reduction. Also add $64 billion Social Security surplus that is included in the official "Deficit" number but won't be used for debt repayment. Our total therefore is $1.785 trillion, 11.5% of GDP (current estimate from several sources). All the politicians and the Federal Reserve are talking as if we can borrow our way to success and finesse the problem without any induced austerity measures. This is what caused overleveraging since the early 1970s in the first place. The status quo is to get us off the overleveraged track back to the moderately leveraged track. This unfortunately assumes that our abysmal 4% national savings rate is fine. It is not. It should be in the 20% ballpark. Social Security will in the near future retrun less purchasing power to most Americans than it cost in taxes withheld/matched. We're losing relative to the historical per-capita growth rate of the general economy and in will lose absolutely. Keeping the system solvent further reduces benefits below costs indefinitely. The Fed has given us -96% currency bebasement during its lifetime. 1913 $1.00 = 2012 $0.04. This will continue. It's the reason we seek tax-advantaged leveraged alternatives to unsound currency as a store of value, as well as subsidies and credits that contributed to bloated government and the present distress. An all-in, bottom-up, comprehensive factors must address the above factors as well as cost containment in several important sectors.
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Excise, v., to cut.
Yes, they surely are getting a cut. We do, however, need the roads.
I do fail to see why we need a cable TV tax, though. What does it support?
And the "required fees" that you see on cable TV. They charge sales tax on those fees, as well, even though the government itself requires them. To me, that's double taxation.
In other words, we are all in this together and we ALL contribute to our mutual good.
I didn't know about 2 or 3. I daresay that most people with an intelligence level of "dimwit" or higher know about the others.
What a waste of time.
1) Making Love - what a surprise! and
2) Partying, which basically means drinking with friends.
So you have just stated that the second most popular activity on the Planet is "Stupid." What do you do for fun?
People do earn over 200K - if they didn't, your taxes would be a lot higher. Jill's point is that the AMT is designed to catch millionaires who can afford tax lawyers to avoid their paying any income tax: it shouldn't apply to high-end middle class.
Landlines are mainly useful as carriers for ADSL broadband, but I still get old-fashioned phone calls on mine too.
Smoking is stupid, I agree, but people in a free country have the right to do want they want, even stupid things, as long as they pay the full cost of their decision. The price of a pack of cigarettes should be high enough to cover the full cost for medical treatment of the users' lung cancers and other health risks associated with smoking. If that means cigarette taxes need to double, so be it. If the higher price forces some people to quit - even better.
If you think taxes are insanely high (they are), and aren't happy about it, revolt against your government. Start throwing tea in to the harbor. Start a revolution and start tarring and feathering the tax man when he comes to take your money, giving you nothing in return.
I see you must be a teatard or you wouldn't play that whole "tea in to [sic] the harbor" myth.
IF you knew anything about the history of the United States, you would have discovered that the Boston Tea Party from whence the Tea Party took its name was not what it has been portrayed as. The reality was that the only tax being charged in the colonies was a small one on tea, both to protect the British right to tax its territories and to help bail out the British East India Company. The protest was not about the tax at all, but about the BEIC's monopoly on tea distribution in the New World. In other words, the nice colonists wanted a taste of the action.
As for getting nothing in return, wow! You really don't have a clue, do you?
By your nickname, I presume you hang with bikers or may be one yourself. That means road trips on highways kept safe with DOT repairs and upgrades. Stop for a burger? The tax-funded USDA makes sure the meat in said burger is not going to kill you. The state patrol, while you might not care for them, are there to protect you from crazy drivers that might want to run you down. Cell phone to call your buddies? That federal cell tax makes sure there are enough frequencies available for your signal to carry across several towers. I could go on, but you get the point.
You may think you get nothing, but even the Internet you used to come here and complain had its beginning in federal agencies (along with universities) funded with--you guessed it--taxes!