SlumTodd_Millionaire
Most Hated Member
No it's not. No one making that kind of money is paying an effective tax rate of 32.5%. I would be surprised if it was 20%. A good accountant would have it at 10%.
Mainline- Airline Pilot Demand
- Thread starter surreal1221
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No it's not. No one making that kind of money is paying an effective tax rate of 32.5%. I would be surprised if it was 20%. A good accountant would have it at 10%.
HVYMETALDRVR
Well-Known Member
I was including state taxes, government mandated health insurance, and property taxes which of course vary depending upon where you live.
State or federal it's all taxes coming out of your pocket so what's the difference?
State or federal it's all taxes coming out of your pocket so what's the difference?
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SlumTodd_Millionaire
Most Hated Member
Government mandated health insurance? You guys just keep adding new nonsense to your "tax" numbers!
HVYMETALDRVR
Well-Known Member
See my above posts if its if forced out of my pocket I see it as tax.
Furthermore, Im talking about earned income as an employee. Not income from rental property and side businesses which are taxed at a lesser rate.
SlumTodd_Millionaire
Most Hated Member
If you receive a product yourself, directly, then it's not a tax, it's a purchase.
As am I, but in the case of the poster you quoted, he's stated that his income comes from work as an independent contractor, which carries with it all sorts of wonderful tax deductions. Independent contractors paying double-digit effective tax rates are rare.
HVYMETALDRVR
Well-Known Member
Forced purchase is still tax IMO, since prior to the Affordable Care Act you had the option of bypassing insurance and paying for medical expenses out of pocket. Which is what I would do if I was making that kind of money (prior to this year).
Touché on point number two. Although, there is a lot of grey area with tax law. You be audited and the IRS can "disagree" with what you write off, take you to court which is pretty much a lose-lose situation.
Why are you talking smack about my Taco Tax?
I know I get a tangible good for paying for tacos at the food truck, but I call it a tax!
HVYMETALDRVR
Well-Known Member
Well what if you had pay the food truck for tacos... Even if you weren't going to eat any tacos for the next two months?
IIRC The Supreme Court decided not to strike down the ACA as unconstitutional because it was a "tax."
IIRC The Supreme Court decided not to strike down the ACA as unconstitutional because it was a "tax."
Well what if you had pay the food truck for tacos... Even if you weren't going to eat any tacos for the next two months?
IIRC The Supreme Court decided not to strike down the ACA as unconstitutional because it was a "tax."
Wasn't that only Justice John Robert's rationale for his vote?
HVYMETALDRVR
Well-Known Member
Yes, but how else could it be constitutional?
jtrain609
Antisocial Monster
Four justices said it'd be constitutional under the commerce clause.
HVYMETALDRVR
Well-Known Member
What about the other four?
jtrain609
Antisocial Monster
HVYMETALDRVR
Well-Known Member
Back to my original argument, when the gov't requires me to pay for something I don't see the benefit of right away or for which the benefit is hard to measure initially, I consider it a tax.
Rocketman99
Frozen Guppy Manipulator
Does that make car insurance a tax too?
surreal1221
Well-Known Member
HVYMETALDRVR said:
All I hear is a toddler whining...
Does it stop?
jynxyjoe
Queso King
HVYMETALDRVR
Well-Known Member
I see the opposite point of view as the other side doing the whining. Make those wealthy people pay, it's all they're fault!
As for car insurance it's not a tax, you can always ride a bike or take the bus.
As for car insurance it's not a tax, you can always ride a bike or take the bus.