Originally Posted by Suburbanite

I'm a small business owner. My company made over $115,000 last year. Of that, I saw less than nothing personally. Now, taxes come around and I'm coughing up $6,000 just for social security alone, plus my other taxes. I needed that money desperately. Losing it has sent me and my business practically back to square one (if square one had a better client list). Now, I'm young dumb and full of cum so I'll personally be fine, but I couldn't have imagines surviving this situation if I had, say, a family to also take care of.

Originally Posted by smart makes a comeback

Get a clue

First off..if you were in the 15 or 20% bracket back in 01, (10 and 15% now)the tax custs were meanigless, becuse you payned virtually NO income tax to begin with. In fact, chances are, you got MORE BACK then you paid in after earned income, child deductions and or head of household

So much for the working poor or lower middle class

If you were between the 20% and the 28% bracket, you annual saving were peanuts (less then $500 a year)
Now tell me again how less then $50 a month is a make ofr break situation ?
Also, tell me if that $500 savings has offset the rise in gas and food (????)

Now..if you happen to be in the 30+% brackets, Now you begin to see some savings
If you happen to be in the highest brackets, it was a windfall.

Wages on the other hand, have stagnated since 01, below the rate of infalation for 6 ,out of 7 years
Again, the solution ?
Educate byourself and train for a better job.
Take it from someone who is at the high end of the 28% bracket. taxes are a LOT less painful when you have positive cash flow and there is plenty left over

Originally Posted by smart makes a comeback

Sounds like you need a good accountant or financial advisor

You mean to tell me you don’t pay your FICA and federal taxes quarterly ?

Are you frickin kidding me ?

Originally Posted by IcyPeaceMaker

When I was commercial contracting, I was taking in $12 million a year. While most of that went to pay subs & suppliers, I was doing okay, til the end of the year, when all my insurances and taxes hit me, and I had to under go audits by insurers and the IRS. Hell, I was (and still am) paying $85,000 a year in fucking taxes, getting nothing in return. As far as George's contention that I get roads and police, I pay additional property taxes and gasoline taxes for that shit.

Between all cumulative taxes and insurances, I pay out about $175,00 a fucking year, and that's why I despise the government and wanted Ron Paul to win, from a personal perspective.

Originally Posted by smart makes a comeback

What tax bracket does your income place you in, and which schedual do you use to determine it ?

Originally Posted by noneof yourbusiness

Yoru a ppompas wwindbag with very little to say. Your just plain beyond stupid to cry about the problems of poor ecomony and the finiacl burdern of the common American and then state the solution is to further burdem them with higher taxes.

Originally Posted by Suburbanite

I, too, want Ron Paul for president because I think taxes are evil as hell.
You remind me of this fat drunk named Cliff I met once in a bar. He went on and on about how much money he had, but he was still a pathetic hateful fuck.

Originally Posted by smart makes a comeback

The point IS, the COMMON MAN will not be burdend with higher taxes if we move the rates back to pre 01 levels, and then give targeted tax cuts to working familes.

In case you suffer from the delusion that the top 3% of income earners will pass even a penny of their tax benifits on the the middle class, let me help you out...they never have, and never will.

If you think they will "create jobs"...HELLO...that has NOTHING to do with their personal taxes !

Clear the Reagan/Bush/Bush cob webs out of your head, and get real


Suburbanite

Set up escrow and bank your FICA, sales tax and FICA weekly, and pretend it is NOT there. You will be glad you did at tyhe end of the year. out of sight, out of mind