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10-20-2005, 03:17 PM
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#3346
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Sir!
Join Date: Sep 2005
Location: Pulps
Posts: 413
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Quote:
Originally posted by bilmore
A major driver of this effort is eleimination or degradation of the AMT. To the extent that AMT is another artifical move away from the flat tax, this is a removal of engineering.
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I thought the AMT helped move us much closer to a flat tax, since it gets rid of the effect of many of those deductions you are railing against. (Simple? No. Flatter? Yes.)
Last edited by Captain; 10-20-2005 at 03:20 PM..
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10-20-2005, 03:20 PM
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#3347
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Too Good For Post Numbers
Join Date: Mar 2003
Posts: 65,535
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Quote:
Originally posted by Captain
I thought the AMT helped move us much closer to a flat tax, since it gets rid of the effect of many of those deductions you are railing against.
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To some extent, true, but it has such a sharp and defined (and catastrophic) cut-in that it's not truly doing that job well. Tax rate plotting should yield gentle hills, not huge insurmountable cliffs. |
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10-20-2005, 03:39 PM
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#3348
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Wild Rumpus Facilitator
Join Date: Mar 2003
Location: In a teeny, tiny, little office
Posts: 14,167
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A Question of Balance
Quote:
Originally posted by sebastian_dangerfield
Which Bentley should I go for? Continental GT or Arnage?
I disagree. We are middle class. The new middle class is $75k to $250k. No, I'm not kidding.
My wife and I are both professionals, live in a nice area, in a fairly nice small, affordable home. Drive used cars.
We are OK. I ain't worried about paying the mortgage. But RICH? Not. Anywhere. Near. It.
Try living in California and owning a decent home in a good area on $100k. $100k is the new $50k. Fuck, the private school I will have to send the kid to for high school is already $25k.
The people you're describing as middle class are now "poor."
Or maybe I'm nuts. Its possible. But one thing I ain't is rich.
ETA: Upper middle class is $250k - $400k. Rich starts at $600k. Doing really nice is $400k to $600k.
ETA2: Numbers and cutoffs obviously differ if you're single and based on whether you have kids.
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According to the Statistics of Income Bulleting, for 2003, the last year for which data are available, taxpayer with between $100,000 and $200,000 accounted for 10% of all taxpayers. Taxpayers earning over $200K amounted to 2.8-2.95% of all taxpayers.
Like I said, you're rich.
__________________
Send in the evil clowns.
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10-20-2005, 03:44 PM
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#3349
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WacKtose Intolerant
Join Date: Mar 2003
Location: PenskeWorld
Posts: 11,627
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A Question of Balance
Quote:
Originally posted by taxwonk
According to the Statistics of Income Bulleting, for 2003, the last year for which data are available, taxpayer with between $100,000 and $200,000 accounted for 10% of all taxpayers. Taxpayers earning over $200K amounted to 2.8-2.95% of all taxpayers.
Like I said, you're rich.
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Income or balance sheet?
__________________
Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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10-20-2005, 03:47 PM
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#3350
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Too Good For Post Numbers
Join Date: Mar 2003
Posts: 65,535
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A Question of Balance
Quote:
Originally posted by taxwonk
According to the Statistics of Income Bulleting, for 2003, the last year for which data are available, taxpayer with between $100,000 and $200,000 accounted for 10% of all taxpayers. Taxpayers earning over $200K amounted to 2.8-2.95% of all taxpayers.
Like I said, you're rich.
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Just curious, 'cuz I ain't a taxwonk - when they say "taxpayor", do they mean, people who paid taxes, or do they also mean to include the vast swath at the bottom who pay no taxes? |
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10-20-2005, 03:48 PM
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#3351
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Proud Holder-Post 200,000
Join Date: Sep 2003
Location: Corner Office
Posts: 86,129
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A Question of Balance
Quote:
Originally posted by Penske_Account
Income or balance sheet?
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Are you still paying alimony to the first wife? I bet it takes her a long time to get the checks to the bank for cashing.
__________________
I will not suffer a fool- but I do seem to read a lot of their posts
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10-20-2005, 03:49 PM
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#3352
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Wild Rumpus Facilitator
Join Date: Mar 2003
Location: In a teeny, tiny, little office
Posts: 14,167
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A Question of Balance
Quote:
Originally posted by Penske_Account
Income or balance sheet?
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Income.
__________________
Send in the evil clowns.
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10-20-2005, 03:52 PM
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#3353
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Wild Rumpus Facilitator
Join Date: Mar 2003
Location: In a teeny, tiny, little office
Posts: 14,167
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A Question of Balance
Quote:
Originally posted by bilmore
Just curious, 'cuz I ain't a taxwonk - when they say "taxpayor", do they mean, people who paid taxes, or do they also mean to include the vast swath at the bottom who pay no taxes?
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That was for taxable returns. If you add in the filers who don't pay taxes, then the percentage for the $100-200K bracket goes down to 6.8% and the number for over $200K is 1.9%
__________________
Send in the evil clowns.
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10-20-2005, 03:53 PM
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#3354
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Moderator
Join Date: Mar 2003
Location: Rose City 'til I Die
Posts: 3,306
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For RT
DeLay's mug shot.
__________________
Drinking gin from a jam jar.
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10-20-2005, 03:54 PM
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#3355
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Random Syndicate (admin)
Join Date: Mar 2003
Location: Romantically enfranchised
Posts: 14,276
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For RT
Quote:
Originally posted by Oliver_Wendell_Ramone
DeLay's mug shot.
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Motherfucking jackass. (Not you, ollie)
__________________
"In the olden days before the internet, you'd take this sort of person for a ride out into the woods and shoot them, as Darwin intended, before he could spawn."--Will the Vampire People Leave the Lobby? pg 79
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10-20-2005, 03:55 PM
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#3356
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WacKtose Intolerant
Join Date: Mar 2003
Location: PenskeWorld
Posts: 11,627
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A Question of Balance
Quote:
Originally posted by Hank Chinaski
Are you still paying alimony to the first wife? I bet it takes her a long time to get the checks to the bank for cashing.
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Alimony?!?! LOL! When I said my finishing kick was lethal I did not mean to infer that the lethality was limited to the oval. Scorched earth baby.
__________________
Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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10-20-2005, 03:55 PM
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#3357
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Too Good For Post Numbers
Join Date: Mar 2003
Posts: 65,535
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A Question of Balance
Quote:
Originally posted by Penske_Account
Income or balance sheet?
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C'mon, that's skewed. I probably have a better balance sheet right now than Northwest Airlines, but I bet NWA can afford more expensive scotch and better hookers than I can.
Cash flow, baby. |
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10-20-2005, 03:57 PM
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#3358
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WacKtose Intolerant
Join Date: Mar 2003
Location: PenskeWorld
Posts: 11,627
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A Question of Balance
Quote:
Originally posted by taxwonk
Income.
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Exactly. As Sebbie implied, income "rich" is illusory and will remain so if the patriotic freepeople's of this country allow the dimwits to demonise the hardworking entreprenuereal class with oppressive progressive taxation.
__________________
Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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10-20-2005, 03:57 PM
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#3359
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Too Good For Post Numbers
Join Date: Mar 2003
Posts: 65,535
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A Question of Balance
Quote:
Originally posted by taxwonk
That was for taxable returns. If you add in the filers who don't pay taxes, then the percentage for the $100-200K bracket goes down to 6.8% and the number for over $200K is 1.9%
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Yeah, I thought that might make your point even stronger. |
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10-20-2005, 03:58 PM
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#3360
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WacKtose Intolerant
Join Date: Mar 2003
Location: PenskeWorld
Posts: 11,627
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For RT
Quote:
Originally posted by Replaced_Texan
Motherfucking jackass. (Not you, ollie)
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the babyjesuschristsuperstar hates the hate.
__________________
Since I'm a righteous man, I don't eat ham;
I wish more people was alive like me
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