103 replies to this topic

[Chris]

Well, actually you made the 11% and highest state tax argument, not me. Like Benning, just trying to get facts out. Believe it's too much tax or not enough, that's up to you. Just don't start accusing me "you dems and libs" when you don't speak for me. I DON'T want to raise taxes. Don't tell me I do or act like you know me because you don't.

As for why other state tax less, I don't know. Neither do I know why TurboTax has the effective state rate at 11%. I am not an economist or CPA.

And I said "pretty sure" which is not an absolute by any means. Anyway, it is 11% for the million and over so I was not incorrect. And for me, my CA state rate is 11% every year on Turbo Tax (Premium edition, stocks, options, real estate....) for some odd reason? Must be because I'm one of those "evil" stock pickers who makes a pretty good chunk of change doing that so I must be "punished" by my state and federal government....! Reward failure and punish success is the democrat party motto I am sure in this day and age....! Not millions by any means but can go over the 200K-250K on any given year so I must be in that evil 1 or 2% you dems keep talking about....? Why is it that I had to borrow from myself (401K) to keep my two sons in college....? Not talking Harvard or MIT here..... Just a CSU and a JC for now.... I'd like to see you guys address that or do you want to ignore again..? Remember, guys like me are the ones who pay the biggest burden of taxes and you want to raise the anty again...? I told you already, my back is breaking under this load, any more taxes and you kill the golden goose (me).....! Chris

[The Average Joe]

California also has a bunch of hidden taxes called "fees." Want to get pissed? Buy a new vehicle, pay the 500.00 dollars registration, and then have a guy with Oregon plates on a nicer vehicle than yours ask you how much you paid...then laugh and tell you he paid 32.00.
How is it other states manage without taking massive amounts of money from their citizens?
That is the question to ask...
I guess they aren't the leading welfare state, or maybe they don't waste billions of dollars on stupid garbage like bullet trains or public employee retirement padding.

[benning]

Yeah, you’re right. We shouldn’t ever say anything against Obama, since Bush was never “bashed” nor has Mitt ever been bashed.
Yeah.....

I have said things 'against' lots of people but believe it is very important to use facts to make my case. Both sides get bashed and I support questioning the status quo but with the credibility that comes with facts and logic.

[cw68]

And I said "pretty sure" which is not an absolute by any means. Anyway, it is 11% for the million and over so I was not incorrect. And for me, my CA state rate is 11% every year on Turbo Tax (Premium edition, stocks, options, real estate....) for some odd reason? Must be because I'm one of those "evil" stock pickers who makes a pretty good chunk of change doing that so I must be "punished" by my state and federal government....! Reward failure and punish success is the democrat party motto I am sure in this day and age....! Not millions by any means but can go over the 200K-250K on any given year so I must be in that evil 1 or 2% you dems keep talking about....? Why is it that I had to borrow from myself (401K) to keep my two sons in college....? Not talking Harvard or MIT here..... Just a CSU and a JC for now.... I'd like to see you guys address that or do you want to ignore again..? Remember, guys like me are the ones who pay the biggest burden of taxes and you want to raise the anty again...? I told you already, my back is breaking under this load, any more taxes and you kill the golden goose (me).....! Chris

No, you were and are incorrect. The highest income tax bracket in California is 10.3%. Your 11% rate apparently isn't just income tax.

I told you already, I don't want to raise taxes, so stop saying that I do.

p.s. - You didn't "have to" borrow from yourself. That was an option you chose.

[EDF]

Like I said before, never let facts get in the way of Obama bashing.

where have you been the last 3+ years...?

this guy is the worst and most divisive president ever...

wake up

[cw68]

I must be in that evil 1 or 2% you dems keep talking about....?

This got me curious as to the income of the "1%ers" and I found this:
"$343,927 was the minimum AGI to be included, on average, Top 1-percenters made $960,000."
(http://money.cnn.com...ncome/index.htm)

[ducky]

This got me curious as to the income of the "1%ers" and I found this:
"$343,927 was the minimum AGI to be included, on average, Top 1-percenters made $960,000."
(http://money.cnn.com...ncome/index.htm)

Interesting.

The article Robert posted said it will be the 2-percenters who will actually end up paying, not just the 1-percenters.
Those figures are $200,000 ($250,000 couple.) It also says it doesn't account for
inflation so more and more people will be caught up in the tax.

[cw68]

Interesting.

The article Robert posted said it will be the 2-percenters who will actually end up paying, not just the 1-percenters.
Those figures are $200,000 ($250,000 couple.) It also says it doesn't account for
inflation so more and more people will be caught up in the tax.

The top 2% are not job creators or millionaires, as claimed by both Romney and Obama. They aren't the rock stars of their professions, nor are they the wildly successful big business owners. They are just people who do well in their professions.

[ducky]

The top 2% are not job creators or millionaires, as claimed by both Romney and Obama. They aren't the rock stars of their professions, nor are they the wildly successful big business owners. They are just people who do well in their professions.

Exactly. That's why I found your post interesting. That's not the perception that is being portrayed at all.

[cw68]

Exactly. That's why I found your post interesting. That's not the perception that is being portrayed at all.

Wow there is a big difference between 99% and 99.9%! Much more so than from 98% to 99%. Perhaps the rally call should be ".1%ers"

[ducky]

Wow there is a big difference between 99% and 99.9%! Much more so than from 98% to 99%. Perhaps the rally call should be ".1%ers"

I'm not sure I understand ???

[cw68]

I'm not sure I understand ???

Well, if you "only" need $343,927 to be in the top 1%, but the average of that 1% is $950,000 it shows that the difference between 1% and 0% (top earners) is huge, versus the $143,927 difference between 2% and 1%.

Sorry, a tangent off-topic.