I can create jobs...
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Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
I can create jobs...
...If the IRS would let me keep all my tax money. I have 3 daughters + my wife...every dime would go right back out into the system. Pretty quick.
But, if the AMT issue doesn't get resolved...and enough to help me...they will have even less $$$$ to put back in the system....and create jobs.
But, if the AMT issue doesn't get resolved...and enough to help me...they will have even less $$$$ to put back in the system....and create jobs.
Post Fiend
Joined: Dec 2005
Posts: 6,110
Likes: 0
what is up with that?
how dang difficult could it be? "did not take into account inflation". how hard of a concept is it?
i can't blmae the dems or repubs on this one, blame them all. they are so greedy to take money that was not orginally intended for them in the first place.
now i guess there is this give away take away thing where if they cut tax somewhere, they must find the money somewhere else. what ever. the money was not the gov's in the first place to spend.
i been reading tons about small business start up, i must admit, it is a bit overwhelming right now. it kind of scares me a bit to step out and try it.
how dang difficult could it be? "did not take into account inflation". how hard of a concept is it?
i can't blmae the dems or repubs on this one, blame them all. they are so greedy to take money that was not orginally intended for them in the first place.
now i guess there is this give away take away thing where if they cut tax somewhere, they must find the money somewhere else. what ever. the money was not the gov's in the first place to spend.
i been reading tons about small business start up, i must admit, it is a bit overwhelming right now. it kind of scares me a bit to step out and try it.
Fleet Mechanic
Joined: Jan 2005
Posts: 1,413
Likes: 14
From: cape may county NJ
Originally Posted by bf250
what is up with that?
how dang difficult could it be? "did not take into account inflation". how hard of a concept is it?
i can't blmae the dems or repubs on this one, blame them all. they are so greedy to take money that was not orginally intended for them in the first place.
now i guess there is this give away take away thing where if they cut tax somewhere, they must find the money somewhere else. what ever. the money was not the gov's in the first place to spend.
i been reading tons about small business start up, i must admit, it is a bit overwhelming right now. it kind of scares me a bit to step out and try it.
how dang difficult could it be? "did not take into account inflation". how hard of a concept is it?
i can't blmae the dems or repubs on this one, blame them all. they are so greedy to take money that was not orginally intended for them in the first place.
now i guess there is this give away take away thing where if they cut tax somewhere, they must find the money somewhere else. what ever. the money was not the gov's in the first place to spend.
i been reading tons about small business start up, i must admit, it is a bit overwhelming right now. it kind of scares me a bit to step out and try it.
Post Fiend
Joined: Jan 1997
Posts: 23,165
Likes: 18
From: Enjoying the real world.
Originally Posted by bf250
i can't blmae the dems or repubs on this one, blame them all. they are so greedy to take money that was not orginally intended for them in the first place.
Thread Starter
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Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
Yeah...help me out with this. The Dems want to add back taxes elsewhere to replace the money. 
Previous to this year about 4 million tax payers were affected by the AMT...myself included.
For the '07 tax year an additional 20+ million will be affected paying somewhere between $2k -$4K in additional tax that they haven't paid in previous years. This is new money for the IRS...what is there to replace? It wasn't theirs yet anyway.
Am I right? Or am I wrong?
Previous to this year about 4 million tax payers were affected by the AMT...myself included.
For the '07 tax year an additional 20+ million will be affected paying somewhere between $2k -$4K in additional tax that they haven't paid in previous years. This is new money for the IRS...what is there to replace? It wasn't theirs yet anyway.
Am I right? Or am I wrong?
Elder User
Joined: Sep 2004
Posts: 758
Likes: 0
From: Northern PA
Ken, you and I both know what the answer to that one will be: "We inherited this mess; we can't fix it overnight. Wait until Hillary is president, then we'll set this country right as rain."
kw5413: that's the price we 'affluent' middle class citizens pay for being so darn "successful".
kw5413: that's the price we 'affluent' middle class citizens pay for being so darn "successful".
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Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
I don't mind paying my fair share. What I do mind is paying my taxes by their rules....then their parallel formula decides it still is not enough after all... and they take more. That's what pisses me off.
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Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
What is the threshold now?......Good link on this?.......I've gotta admit, I haven't really paid much attention to the AMT (which I'm sure delights certain people in the gov), except when a pol or two talks about it on TV (i.e. 20-million more people getting socked with extra taxes if the AMT isn't fixed).....They haven't been working on it?......
Is there a threshold (income) for 1 person?, a couple?, family of 3?....of 4?......
Good link that someone here can recommend?.....
Sorry that I'm behind the curve on this one.
Is there a threshold (income) for 1 person?, a couple?, family of 3?....of 4?......
Good link that someone here can recommend?.....
Sorry that I'm behind the curve on this one.
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Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
Originally Posted by kw5413
I don't mind paying my fair share. What I do mind is paying my taxes by their rules....then their parallel formula decides it still is not enough after all... and they take more. That's what pisses me off.
Income taxes, Capital gains taxes, FICA, etc. should ALL be abolished by Constitutional Amendment (it was a constitutional amendment that granted the government the right to take part of your income in the first place). Some of you probably know where I'm going with this.......
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Post Fiend
Joined: Apr 2004
Posts: 19,098
Likes: 8
From: Great State of Texas
Here is a link I posted on another thread.
It is a very complex formula that ,apparently, strongly favors you paying higher taxes. Here is a link that may help but, it is pretty mind boggling in itself. Good luck.
http://www.fairmark.com/amt/
It is a very complex formula that ,apparently, strongly favors you paying higher taxes. Here is a link that may help but, it is pretty mind boggling in itself. Good luck.
http://www.fairmark.com/amt/
Postmaster
Joined: Oct 2005
Posts: 3,724
Likes: 0
From: Clarksburg WV
Reminds me of that TV commercial I saw awhile back although I can't rememer what it was for.
Guy walks into the IRS office carrying all these documents, receipts etc.
Guy: I've never been audited before, but I think I have everything you need here, receipts....
IRS: Sir, did you earn money last year?
Guy: Yes...
IRS: Did you give us most of it?
Guy: Yes...
IRS: Have a good day, sir.
Guy walks into the IRS office carrying all these documents, receipts etc.
Guy: I've never been audited before, but I think I have everything you need here, receipts....
IRS: Sir, did you earn money last year?
Guy: Yes...
IRS: Did you give us most of it?
Guy: Yes...
IRS: Have a good day, sir.
