Question about what Obama just said.

[TheRealMafoo]

Final-Fan said:

TheRealMafoo said:

Final-Fan said:

TheRealMafoo said:
Let me put this into perspective... I pay over 35% in taxes, and I work for a living (I am not rich).

That means if the government took there share first, I would have to work January, and give it all to them. Then work February, and give it all to them. Then work March, and give it all to them. Then work April, and give it all to them. After a few days in May, I can start keeping what I make.

If I was in the lower 30% income earners, I would start keeping what I make January 1.

Somehow, I think I do ok by the poor. Asking me to do more is a little crazy.

I ... don't believe those numbers.

What numbers do you think are wrong? We live in the same high taxed state btw :p

Well, although I'm not sure about you paying over 35% in taxes, it's certainly conceivable. But I am completely sure that you are wrong about the lowest 30% not paying any taxes, unless you are only talking about income taxes and not payroll taxes or any other taxes -- which is pretty meaningless for such a discussion IMO.

 

I just did the math. 32%. So, I would start taking home pay the last day or so in April.

The poor probably pay something, but not very much. In the end, they pay nothing, as there tax credits come back. Some of mine comes back to however, so it ends up less then 32%