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| Economy |
| PROOF: Obama Taxing The Poorest of the Poor the Most |
| 2011-03-06 |
| For example: Based on the official Tax Tables here, if an employee is Single and earns $230 over a two week period, no taxes are withheld in 2010. In 2011, taxes are withheld if the employee earns only a $100. And those that made $240 in 2011 have 16 TIMES the amount of taxes withheld compared to 2010. |
| Posted by:Shuns Pheart3661 |
| #14 Some departments (Defense and National Security for example) need to have some non-itemized items (and even blank items) for security. Others such as Education, Transportation, EPA, FDA, FEA, Labor, Interior, etc... should be completely transparent,itemized at several levels of detail (department, program, project, etc.. right down to cost center) and crystal clear. |
| Posted by: CrazyFool 2011-03-06 20:48 |
| #13 The Government owes an itemized bill to each taxpayer for every dime the government spends. |
| Posted by: One Eyed Omease2378 2011-03-06 17:57 |
| #12 NS - check this out. I prepare all of 3 CA tax returns, but they want me to register, pay a fee of $25.00 and post a bond of $5,000? Are these freakin' people out of their minds? I can't wait for them to call me to try and collect. |
| Posted by: Raj 2011-03-06 14:32 |
| #11 A conditioning process. Conditioning everyone in all tax brackets to them taking more and more of what you earn. |
| Posted by: wr 2011-03-06 13:42 |
| #10 That is another point that makes a fixed income tax attractive. If you set it at 12%, EVERYONE pays. You poor want more healthcare? Ok, but you tax just went up to 15%. The more they have invested in government, the more they will want to make sure every penny is accounted for. |
| Posted by: DarthVader 2011-03-06 13:04 |
| #9 Make people write a check every month _or_ allow automatic deposit from *their* bank account. So that they actually *see* the money coming in and going out again. And while I'm at it - make _everyone_ pay something. Even those on cronic welfare. Even if its only $5/month. |
| Posted by: CrazyFool 2011-03-06 12:57 |
| #8 You're a real sucker if you don't underwithhold on your state taxes, especially if you're a Caliphornian. They are definitely a slow pay and there is some chance that they might pay off on terms or at a discount. Put nothing beyond Lockyer. |
| Posted by: Nimble Spemble 2011-03-06 12:27 |
| #7 Refunds are a stupid idea, why should we give the government our money in an interest free loan? I try to minimize my refund but I'm afraid at my current pay rates, I won't get much of they money they take back at all. I want a tax cut already. |
| Posted by: Silentbrick - Lost Drill Bit Division - Halliburton 2011-03-06 12:14 |
| #6 Badanov is correct. Withholding doesn't mean as much as when you actually file a tax return, when your annual tax liability is officially established. People with lower taxable income will simply get a larger refund. Thanks, Uncle Obama! |
| Posted by: Raj 2011-03-06 11:01 |
| #5 I hoped someone with a little knowledge would chime in on this. Instead, I will. The tax rates haven't changed. The withholding rates have. By April 15th 2012, refunds will be much, much larger, timed perfectly and cynically with the presidential primary season. The poor with skip out without playing much of any income taxes, while everyone else will have nutcrunching taxes to pay, and as a direct result, investments in jobs and business projects will fade away, as usual. Nothing has changed other than the cynical manipulation of the tax withholding tables. |
| Posted by: badanov 2011-03-06 09:57 |
| #4 Elections should be held the day after tax day. |
| Posted by: rjschwarz 2011-03-06 09:32 |
| #3 I agree with Gorb - $240.00 earned $16.00 withheld for Federal income taxes. In my salad days in 1972, I had a job as a cook, making $1.03 per hour or $41.20 a week, after all Federal, SS, unemployment and state taxes I received about $28.80. Gas was .32, cigarettes .28, bread .40, and beer .20 a can. Talk about an incentive to go to school, get a better job and try to make something of myself.... yeah, these numbers lit a fire under my *ss. So the inflation rate from January 1972 to January 2011 has risen 435.82%, go do the math, the example given by the author of this article has "shocked" you with a "16 Times" the amount of taxes figure, S*it these folks didn't pay a dime in taxes last year..... Free riders. Pay your fair share and see how your politics will change; redistribute the wealth, not with my money. Grow up children, get some pride, get off your *ss and do something ! |
| Posted by: Goodluck 2011-03-06 06:25 |
| #2 The goal at this level is not tax dollars. The goal is to further reinforce employment disincentive while encouraging government dependency. The engine of democracy cannot be stopped until all incentives are fully destroyed or transferred overseas. Only then can the government redistributions begin and true social justice be enacted. |
| Posted by: Besoeker 2011-03-06 01:05 |
| #1 Fine with me. Now maybe they'll feel vested in the process instead of just voting for candidates who will hand them cash. |
| Posted by: gorb 2011-03-06 00:48 |