Comments on: 2008 Federal Income Tax Brackets: Official IRS Figures

By: Clay

Clay — Sun, 02 Oct 2011 12:25:53 +0000

Davis is soooo confused.

Why would you ever desire a system that punished success and rewards failure?

If one tax payer worked 60 hours a week to make a better income, why should we take from that person and give to the person only wants to work 20 hours a week?

By: David

David — Wed, 03 Aug 2011 17:31:47 +0000

It’ even worse than that Dee. At an income level of $50 K you also pay 6.2% S.S. which increases your tax to 31.5%. But high earners don’t pay this S.S. penalty because it is only paid up to an income of $107,000. After that income level you pay no more SS tax. So, if you have an income of say $1 million (There are 8 million millionaires in the US) You would only pay .6% SS tax (point 6%)So his/her tax rate would be 35.6% – just 4% more than you pay! If you made say $100,000 and paid tax at the 28% rate, add 6.2% for SS and you have 34.2%. Very close to our millionaires 35.6% At $50,000,000 and there are a lot of those – way too many – mostly in the banking, wall street, hedge fund, etc crowd and it becomes 35% plus about .03% SS tax or 35.03%.
If everyone paid SS tax`on all of their income, there would be no problem with either SS or Medicare for between 50 and 100 years. Why should Tiger Woods for example ($100 million a year! Playing golf!) not pay SS on all of his income? You and I pay it on all of our income. Problem solved.
If the Bush tax`cuts were put back into place, debt ceiling solved. When top tax`rate under Clinton was 39% we not only did not have to borrow money we had a surplus AND were paying down the National Debt. He, Clinton, had it so that the National Debt would be paid off entirely by now!! (Even Bush knew we could not keep borrowing money to give another tax cut to the rich, he set it to expire after 10 years! And the Tea Baggers forced us to renew it. None of these problems would be here if the Bush tax cuts had been allowed to expire.) Or if he had made a provision to pay for them somehow instead of just cutting taxes to the rich and borrowing money to pay for them. And the starting two wars – and not paying for them either.

By: Dee Campbeell

Dee Campbeell — Tue, 24 May 2011 17:48:26 +0000

I am a single female, age 70, my income with retirement and SS amounts to about 50,000. My tax rate is 25%. How is it fair if someone making >357, thousand pays only 10% more than I do. We should go back to the graduated tax system (before Regan) or have everyone pay the same tax rate. Those making less than 25,000 should not pay income tax. Or just get rid of the IRS and save everyone time and money.

By: brandon

brandon — Wed, 02 Feb 2011 12:15:33 +0000

im in total agreement with you, i work 40-60 hours per week 3rd shift and still only bring home approximatly 20,000 a year, and the government takes about 10-13 percent out of every paycheck, im a single male living on my own and struggle from day to day, i dont concider myself to be lazy, i work just as hard as anyone.

By: BURT

BURT — Sat, 10 Apr 2010 02:49:52 +0000

Hey Jim, please do tell where Income is defined in the IRS Code Book, you are part of the reason why so many Americans in this Country have their heads up their A.. Why is it that you and none of the Senators or Representative can answer this simple Question, Which Law makes not corporate people Liable for any Income tax?

By: BURT

BURT — Sat, 10 Apr 2010 02:45:59 +0000

Hey Fred, how do you know what Income is?

By: BURT

BURT — Sat, 10 Apr 2010 02:43:41 +0000

Hey Tom, you stupid sh..t, what law says that any non corporation person “have to itemise as well”? Most you dumb sh..ts on this forum are so f..ng ignorant, but well behaved sheep.

By: BURT

BURT — Sat, 10 Apr 2010 02:33:52 +0000

SS is supposed to be insurance, would you pay tax on any insurance benefit? Which Law requires you to pay income taxes on you SS benefits? If you are a senior, you’ve been stupid long enough, wake up and wake up others.

By: BURT

BURT — Sat, 10 Apr 2010 02:27:35 +0000

Hey you stupid F..k, you have no income, name the f..ng law that says you are required to even file?
If you file jointly, this means the F..ng IRS can go after you and your wife if you do not pay the Income tax you swear you F..ng OWE!

By: saladdin

saladdin — Sat, 10 Apr 2010 02:22:02 +0000

My advice? Look up marginal brackets. You really have no idea how the tax rates work.

saladdin

By: BURT

BURT — Sat, 10 Apr 2010 02:21:51 +0000

You have no income, period, you are not a corporation, for crying outloud, read your Constitution.

By: BURT

BURT — Sat, 10 Apr 2010 02:19:40 +0000

Hey, do you remember that your W-4 had the option, “EXEMPT” on it, did you mark this? No you did not. Now go back to your employer and ask to redo your w-4 and this time mark “EXEMPT”. Your employer must honor this or you can charge him with theft.

By: BURT

BURT — Sat, 10 Apr 2010 02:14:17 +0000

You should not even file any kind of tax return. You are a poor bastard just trying to survive. Your employer should be deducting O from your checks, you do not have to volunteer to pay this illegal taxes.

By: BURT

BURT — Sat, 10 Apr 2010 02:10:59 +0000

There is no Law which requires you to pay any income tax. You are paying this taxes voluntarily. Ask you accountant to show you the Federal Law which requires you to pay Income taxes and Requires you employer to deduct it. Ask your employer. Remember the w-4 form you filled out, did you volunteer then to pay income taxes?

By: BURT

BURT — Sat, 10 Apr 2010 02:07:01 +0000

“My income is over 100K a year”
How do you know you have income? What Law says that you as a non corporation have gains?
Only you and all the other stupid Americans who pay income taxes determined on their own that they have income.