Comments on: 2009 Federal Income Tax Brackets (Official IRS Tax Rates)

By: staticxcaliber

staticxcaliber — Sat, 17 Oct 2009 05:00:16 +0000

You Should look up “Fair Tax” Ron Paul was really pushing for it. It never went anywhere due to the fact that it gives to much power back to the people. I would have been great and worked alot better than what we have goin on currently. I dont care to pay taxes but i do care about how they are spent. We dump millions and billions of dollars on things that are not justified! itis thetnt tht weare taxed also. a business pay 2 forms a payroll tax sales tax business tax and at the end of a year pays a income of profit tax. then you get taxed and pay sales tax when you buy something not the mention on tobacco has a stamp tax sin tax along with sales tax. it is CRAZY!!!!! and then not to be able to see where is goes? I dont oppose tax but you can only squeeze so much out of a dollar till there is nothing left. Then on top of that we are still barrowing money from china and god Knows who else…….our goverment has a spending problem and you and i my friend pay for it!!!

By: jack Kolinski

jack Kolinski — Sat, 26 Sep 2009 16:12:48 +0000

To: Smarter than you:
Wow! Sane people do not usually post on these websites. Thanks for appreciating that taxes are not a necessary evil but a necessary good. As Holmes said: “a price I happily pay to buy civilization.” It actually hadn’t occurred to me that “T. McVeigh” was a psydonym but you are probably right. Most cranks try not to use their real name, although in fairness, a lot of them are the way they are because they do not know who their fathers were. Excellent post!

By: Ross

Ross — Mon, 24 Aug 2009 19:59:31 +0000

haha, yes, us capitalists don’t understand how economies work in the slightest. I mean, just look at history and how well all of the heavily socialist nations have done over a long period of time. For instance, look at how great the USSR’s economy did compared to that of the USA over the same period. Or look at how well communist China has done by getting their GDP/capita almost up to what I make in one 2-week paycheck (and I’m just middle-class American… not really even upper middle class.) For further data points, check out the GDP/capita of Venezuela (which, by the way, has tons of oil,) Cuba, or any other nation that’s been under a heavily socialist regime for at least a few decades.

If you think gov’t corruption in the U.S. is bad now, just wait until the socialists have had their way for about a generation. Having said that, I hope for all of our sakes that you never get that opportunity.

By: dhbtoo

dhbtoo — Mon, 10 Aug 2009 02:49:19 +0000

I propose we adopt the Fair Tax.

By: Fawn

Fawn — Fri, 31 Jul 2009 03:02:36 +0000

The IRS does not take your money. They simply facilitate the organization and interpretation of the money Congress says you have to pay.

By: Fawn

Fawn — Fri, 31 Jul 2009 03:01:12 +0000

It is indeed merely a postponement. The idea is to slightly reduce the withholdings of people so that the the govenrment is not holding it for them, as usually happens. The result of this will be that in April, some people who have never had to do so before will find themselves paying taxes (which they have not saved up for)and possibly penalties in April, while those who normally get a big refund check will find that the April bonus they rely on from year to year to meet big expenses- to buy their kids summer clothes or fix their busted transmission- was meted out to them over the year, and they used the extra fifty bucks a month to go to the movies, because that was all it was enough for.

By: Fawn

Fawn — Fri, 31 Jul 2009 02:50:47 +0000

If you make too much money to qualify for educations credits, you are not ANYWHERE CLOSE to poor. Eligibility doesn’t phase out until your modified adjusted gross income (AGI) is (for 2008) between $48,000 and $58,000 ($96,000 and $116,000 if you file a joint return). Where I grew up, that is DAMN GOOD MONEY. You’ve got nothing to complain about. Those tax credits were implemented so that people who have to work like dogs just to keep above water can afford to take a classes now and then to increase their earning potential, or maybe to better their kids lives a little. It doesn’t even pay for much (20% of tuition only. Doesn’t even include books), just takes off some of the pressure.

By: Fawn

Fawn — Fri, 31 Jul 2009 02:41:38 +0000

Do you file his taxes for him? If so, have his education credits and earned income credits deposited into your checking account.
If not, then when he files his taxes, make him give you some money. There is no reason why he can’t support himself. I lived with my mom and paid for college with a job. She never had to give me a dime outside food costs, and I helped her some. My husband lived on his loan money until he finished college. All his parents paid for was his health insurance. If your son cannot reign in his spending, do it for him. Cut him off.

By: Fawn

Fawn — Fri, 31 Jul 2009 02:36:37 +0000

Actually, the tax situation is far worse than it was back then. Because the taxes then were not as high as they are now, and they were more equivalent to a gas tax. They were NOT an income tax. In fact, there was NO INCOME TAX back then. Only reason there was a fuss was because there was no colonial representative in parliament. The Colonial big wigs threw a tantrum because King George wouldn’t let them play politics at his circus.

By: Kayt

Kayt — Wed, 29 Jul 2009 00:39:58 +0000

Hmmm. Sounds like the Democratic party.

By: Kayt

Kayt — Wed, 29 Jul 2009 00:38:35 +0000

That is our intention. We will start with the White House and work our through Congress. Incumbents be ware!

By: Dennis

Dennis — Tue, 28 Jul 2009 22:18:09 +0000

The ridiculous statements of the libertarian style tea party propagandists are laughable.

You’re unhappy cranks who don’t understand the way an economy works in the slightest. You cry and moan about the current system but you propose nothing. You just complain.

Propose a real system change rather to incite a revolution based on a false understanding of history.

The Boston Tea Party was simply a case of one group of tea retailers trying to protect their market from a cheaper alternative. They just figured out how to manipulate people into protecting their investment for them in the name of the people.

By: randomsignal

randomsignal — Fri, 29 May 2009 19:30:09 +0000

“Smarter than you” obviously isn’t smart enough to read carefully before replying.
“T.McViegh” may have chosen a username in poor (imo) but his call for protests was against the bail-out package, not taxes in general.
I don’t much like the bail-out myself. Maybe it was necessary to prevent widespread economic ripples, but it should have had a lot more strings on it. I think maybe the reason there isn’t more protest is because most people (like me) aren’t really sure what the best solution would be.

By: saladdin

saladdin — Sat, 09 May 2009 16:02:06 +0000

bob, you make so many fair (and to me, valid) points but why doesn’t anyone ever talk about what we get for that tax money? waste and stupidity exists in all governmnets but it also exists in every household in this country.

as to the tea parties, it’s hard to keep a straight face when thinking about these being “nonpolitical” (my word, not yours) when foxnews and msnbc are virtual sponsors.

nice, fair and neutral post bob.

saladdin

By: Bob H

Bob H — Sat, 09 May 2009 15:11:18 +0000

I’ll try to be as neutral as I can here, but I must say that George is wrong. First of all, there are no tax rates under Obama yet. The current tax rates are those established under George Bush, which will run out at the end of this year. Next year’s tax rates will be considerably higher, even if Obama and the Congress does nothing, because the current tax cuts will expire. But the projected rates are considered to be even higher than that.
The tea parties weren’t so much about taxation without representation, as about larger and larger Governments (yes, plural) taking more and more of your gross income. Most people think that the Governments only take between 10% to 30% of our income, and that the lower 40% of the population pays no tax at all. Everyone pays taxes. We are not only taxed on what we earn, but also on what we spend, what we save, what we possess. Most people think they are only taxed 7.7% for Social Security and Medicare. In reality you pay 15.3% of your salary for those soon to be bankrupt services. (Your employer matches your contribution with what would actually be your money).
Federal, State, and Local income taxes are direct taxes you pay. Sales tax on just about everything you buy is a direct tax. Property taxes, and the myriad of fees you pay to go to parks, fish, drive on roads, etc., etc., etc. are direct taxes you pay. But who ever thinks about the prices of everything we buy and how much hidden tax and fees you are paying? US Industry pays the highest taxes in the world. They also have to pay sales tax on the material that goes into the products we buy. Not to mention all of the layers and layers of other taxes, fees, and costs of massive Government regulations. All of those “costs” are passed on to you in the form of the price you pay for goods and services. And of course this is one of the main reasons why US Industry cannot compete with the rest of the world. It’s a main reason why US Industry prefers to set up shop outside the US (let’s not get into the cost of our labor). And it’s the main reason why millions of people flock to WalMart and Home Depot every day to buy Chinese and Korean goods, and why Hyundai and Kia have joined Toyota and Honda as the best selling cars in the world. WE don’t want our own stuff, let alone the rest of the world. Obama and the current Congress have done nothing to create lasting jobs for America. In fact the current road will worsen our ability to compete in the world market, as if it could get any worse. Creating make-work Government funded jobs is like putting a band-aid on a severed artery. Wake up George. Do you really believe that tripling the size of Governments will make things better? And if you are an average middle class American, you pay somewhere between 60% to 80% of your hard earned money to your Governments.