Article

2010-04-10 Economy

Tax proposals shot down by (KS st.) Senate panel

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Posted by swksvolFF 2010-04-10 00:00|| || Front Page|| [5 views ] Top

#1 Here's an interesting factoid:

Mrs. Bobby works as a real estate agent. At marginal rates, (on top of my modest income as a civil engineer) how much does she pay in federal income, state income, and self-employment* (FICA) tax? (Including the SE tax 'credit'.)

47.96%.

She was distressed, but not surprised. Then there's real estate and sales tax, and a plethora of others.

Taxed Enough Already, I'd say.

*I love it. Self-employment tax.

Posted by Bobby 2010-04-10 08:05|| 2010-04-10 08:05|| Front Page Top

#2 Apologies to mods for format or intention errors, but this anklosaur pup is...unhappy.

What you should be apologizing for is placing your remarks within the body of the article, in your moderator colors, rather than in a comment like any other reader.

Posted by Pappy 2010-04-10 13:33|| 2010-04-10 13:33|| Front Page Top

#3 Yeah, why I don't post much, will do it next time - didn't feel right posting a comment on my own posting either and was trying to start a conversation.

I'm still in a foul mood about it, don't like being told that 15% off the top of each paycheck for programs where even the teachers in liberaltown would say "You ain't gonna see any of that money" isn't a tax on income, don't like that the business has to pay a tax to employ someone, don't like any of it.

But will get the post right next time.

Posted by swksvolFF 2010-04-10 17:16|| 2010-04-10 17:16|| Front Page Top

#4 @OldPatriot: So you think half the taxpayers are like you? I'll bet that when you mark your ballot, you have your wallet in mind, like any good Democrat.

I wanted to comment on this yesterday, but I didn't see it until after midnight, EDT.

First of all, whoever KBK is, he hasn't been hanging around here very long, or he doesn't read much. I have NEVER been a Democrat. I have always been an Independent, and proud of it. I HAVE voted for a Democrat - once for a state senator, and once for a congresscritter. Both of them were the most qualified candidate up for election at that time.

Secondly, I am totally disabled today because of things I did during my AIR FORCE CAREER, which spanned 26 years and a couple of wars. Got shot AT a lot, but never suffered a wound. I get my Air Force retirement (which is taxed), Social Security (which it taxed), and a VA disability (which isn't taxed). Between the standard deduction, individual deduction (for 3), disability/over 65 deduction, my taxable income is usually zero. I don't get EIC, or anything else other than the individual deduction, for our 5-year-old. BTW, my itemized deductions are nearly half again what the standard deduction is, but I don't file, because there's no need to.

I don't think half the taxpayers are like me. I do know, however, there are quite a few retired vets here, and a number of them have disabilities that put them either in the same category I'm in, or very near it. Lumping everyone who doesn't pay taxes into the same group as welfare cheats, fraudsters, and other leeches is just stupid.

Just to finish clearing the air, I believe that everyone who is a resident of this nation and receives a dime in income from any source should pay taxes. My proposal is on my website, if anyone's interested. You might also note it's dated more than a year ago.

Posted by Old Patriot 2010-04-10 18:22|| http://oldpatriot.blogspot.com/ 2010-04-10 18:22|| Front Page Top

#5 was trying to start a conversation.

"You smell bad and your mother dresses you funny" is hardly what I'd call a conversation-starter.

But maybe that's just me.

Posted by Pappy 2010-04-10 18:40|| 2010-04-10 18:40|| Front Page Top

#6 Old Patriot is being modest. If I understand correctly, his disability is the direct result of his service on our behalf. Lumping him in with the welfare queens must surely have been the result of a lack of familiarity with that service.

Posted by lotp 2010-04-10 20:52|| 2010-04-10 20:52|| Front Page Top

#7 With concurrent receipt, service related disability can amount to nearly nothing. A 20% disability under concurrent receipt means for example, the VA takes $200. per month out of your existing retirement pension and sends it back to you tax free. Your monthly gain could be as little as $15. to $25. per month.

Posted by Besoeker 2010-04-10 21:00|| 2010-04-10 21:00|| Front Page Top

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