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Joined: Sep 2011
Posts: 45,115
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,115 |
No longer working. We will see how much of the Social Security we have to send back next year. Pretty damned stupid to distribute it and then demand part of it back. That did not happen to my grandparents a few decades ago. I can't believe Reagan signed this one. The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote. Reagan sometimes liked taxing folks In the summer of 1967, during Reagan's first year as governor, and contrary to his campaign promises, Reagan signed off on a record tax increase for the state of California — an 18 percent, roughly $1-billion hike.
According to Reagan biographer Lou Cannon, the increase included boosting sales taxes from three to five cents on the dollar; raising the maximum income tax from 7 to 10 percent; and increases in bank, corporation, inheritance, liquor and cigarette taxes.
The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: Mar 2006
Posts: 9,809
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2006
Posts: 9,809 |
Paid $23,000 last year. Got $4,000 in return. Works out to about 38 days for purely taxes.
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Joined: Sep 2014
Posts: 21,790
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,790 |
How would one actually figure that out.
Payroll deductions, real estate....are easy.
How about gas taxes?
Car registration? Any other licenses or permits?
What about hidden consumer taxes?
How much do you spend annually to pay the taxes for the businesses you deal with?
They don't pay them, even though they bitch that they do.
Taxes are a consideration in setting retail pricing, in order to get the necessary
net income. (Except farmers. They get told what they earn, and what they pay)
Parents who say they have good kids..Usually don't!
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Joined: Apr 2011
Posts: 151,217
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,217 |
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Joined: May 2004
Posts: 5,197
Campfire Tracker
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Campfire Tracker
Joined: May 2004
Posts: 5,197 |
I work till around mid July to pay all my taxes including state , fed, and property taxes... However, it all depends what you mean by how long.. I pay about $10,000 in taxes , not including sales tax, gas taxes, tax on my electric bill to help " the poor", and likely a host of other taxes. I make about $1,000 a week, so if you look at it how long I work to pay my taxes,, then it's about 10 weeks,,, or 20% . There are hidden taxes we hardly see however.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
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Joined: May 2003
Posts: 31,244
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,244 |
The stock market does most of our "work" and it pays all of our taxes. It still smarts to write those big quarterly checks and then usually another big one in March/April.
If you (painfully) calculate all the taxes, fees, and licenses we Americans pay, it come to almost half of what we earn. And that's never enough, says the government.
Cleverly disguised as a responsible adult.
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Joined: Jan 2001
Posts: 59,140
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
Posts: 59,140 |
At one point, all of 'em...
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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