NOPD

for instance i make 50,000 a year, how much tax would the gov take, im single and have no house or dependents

Tirod

alot more than if you made 25k, married and 5 dependents :chuckles:

RB

lol, my mom has 1 kid (me) but claims nine dependents h:


but its legal for some reason. wierd ass stuff that her tax accountant told her.

reno96teg

do you have anything that's tax deductible? (i.e. student loan interest paid) the tax you pay depends on a lot of things.

Fujiwara Takumi

they take 33% of my income cuz i live at home, 30% if i was on my own, though rent is a right-off.

youll proly go home wiht 31-35 at the end of the year.

reno96teg

hmm.. i'm thinking more than 35.

Fujiwara Takumi

i make um 13k this year already, and they took 3500

so...26.67% right off the top.

it used to be 33% when i was younger.

and since he makes more they will take a little more than they do from me. but basically in a year he would be left with 36.5k under my tax rate.

RB

I propose a flat tax.


It's only fair.

Fujiwara Takumi

its not fair:
5% means a lot more toa family making 10k a year compared with one making 100,000 a year.

my dad's is 49.9% but his accountant got a lot craftier tihs year, he said he has made more money this year than any other year in his career, and payed less taxes than any other year since he's been in business

RB

its punishing people for making more money. some people actually avoid getting a raise because it will put them into the next tax bracket and they will end up making less money.


progressive tax rates are NOT fair.