Forgot your password?
Type your email address below and click the sign up button to create an account.
Sorry AltonI didn’t mean to be deceiving but I was talking about the tax effective rate.We can quibble whether Medicare and Social Security are taxes, but for right now let’s leave them out of the equation.
Take the total tax due and then divided by your taxable income, to arrive at the tax effective rate.
KAYE,KAYE,KAYE!!!I think that the correct spelling.
I have often questioned the term of "non-partisan" when used with Congressional Budget Office. The Director is appointed by the Speaker of the House and the President pro tempore of the Senate. Which means our current director, Douglas W. Elmendorf, was appointed by Nancy Pelois and Robert Byrd (D-West Virginia).Douglas W. Elmendorf comes from a liberal think tank "Brookings". Brookings strongly supports one world government. Sorry, that term has been changed/candy coated to Gobal Goverance for Gobal Solutions.
So let me get this right, CBO contents that the average American taxpayer pays on 9.1% if their income in federal taxes. Don't you wonder where they got this figure? Social Security and Medicare Taxes represent 7.65% of your gross wages. Using the 9.1% figure it means the average American pays only 1.45% in federal taxes. Looking at the 2009 withholding tax tables the lowest rate is 10%. I wonder if they are counting individuals that do not pay taxes, and children/college students/illegal aliens/people on social security. That could account for this low figure.
That’s funny according to the non-partisan Congressional Budget Office, the federal bite for the average American taxpayer is 9.1%....95% of that crowd got a tax cut.
That's funny, I pay A LOT MORE than 9.1% in income tax. I am just an empty nester working class middle income, no deductions. If you pay 9.1% no wonder you like this guvmint. Surely you are patriotic and pay all the taxes you can and do not take ANY deductions allowed? It would be hypocritical for a progressive not to pay the most tax on anything they possibly could. But I guess I know the answer to that, Geithner, Daschle, etc, etc....
And wasn't there just a LARGE tax increase on those that smoke, which is made up as a larger percentage of middle and lower income people than upper income? Obama's first of many tax increases to come.
You see,...just like the CNN goony queen did not get it. It is NOT JUST ABOUT INCOME TAXES. When you tax the big corps, and income business owners and successful small businesses, they pass that on to the middle and lower income people in higher prices.
And how are they going to pay for all that spending, times more than Bush ever did? Only one way, the guvmint, natl, state and local, HAS to increase their income,,....ie taxes. Straight taxes, hidden taxes, another word for taxes (fees), etc.....
Of course extreme left wing liberal progressive support groups for the Obama and 2 year old Dem Congress like MSNBC, CNN, Media Matters and all cannot seem to tell the truth about that. They are still too busy, cannot get over BDR.
I never did like Gov Good Hair but he has embarassed me as a Texan almost as bad as Bush did. I agree that Perry blew his changes to be a national candidate, probably by trying to be one. But now we're the butt of late night talk shows and cable news.OMG....can we clone Ann Richards or Barbara Jordan?