The IRS and your state tax deadline approaches. - Page 2

Ivas · 04-12-2011, 08:31 PM

Remember fellahs, while the workingman pays taxes through the nose, the corporations pay, on the average, 15%. Those with the highest incomes, when some of us were boys in the 1960's, used to pay 91% on new income, not their overall wealth. Now, that same 1% of the population pays 31%.
Hella jive, ain't it? But in the end they're gonna' regret what they did, 'cause those on top can find themselves no longer giving the orders...

Big Brunsy · 04-14-2011, 02:46 PM

I got back $6600. Sounds good until you figure in the $19,000 I paid in fed, state, SS, and Medicare taxes that I didn't get back

cab2g · 04-14-2011, 03:33 PM

Quote:

Originally Posted by Ivas

Remember fellahs, while the workingman pays taxes through the nose, the corporations pay, on the average, 15%. Those with the highest incomes, when some of us were boys in the 1960's, used to pay 91% on new income, not their overall wealth. Now, that same 1% of the population pays 31%.
Hella jive, ain't it? But in the end they're gonna' regret what they did, 'cause those on top can find themselves no longer giving the orders...

I so wish I could post some stats regarding historical income tax rates, polarization of incomes over time versus political instability, but this is a Camaro forum. But these facts are out there for anybody to look up.

I got some money back this year, part paid for my wheels, part went into savings. I'm excited to have new wheels, but I am already wanting new mods, but the new rule is no more buying mods unless it's bonus/tax time

I never knew how addictive upgrading could be. This site is bad!

jcamaro · 04-14-2011, 03:48 PM

Well, 2 kids and the wife puts me at 4 deductions. My wife is attending school and a full time stay at home mom since our 2 children are 2 1/2 and 1 year old, so just my income. But we get $2,000 from the child tax credit and $1800 from the EIC credit. And since she's going to school, we qualify for that extra tax credit, too. A total of $7,000 refund! Unfortunately, most of it when to pay bills but we did get a new TV out of it (47" LG LED LCD 120Hz). Next year will probably not be as high since I've heard they are cutting the child tax credit in half and lowering the EIC (earned income credit).

I e-filed since we don't itemize and got our return in a bout 8 days.

Ivas · 04-14-2011, 03:57 PM

[QUOTE=cab2g;3095686]I so wish I could post some stats regarding historical income tax rates, polarization of incomes over time versus political instability, but this is a Camaro forum. But these facts are out there for anybody to look up.

Go ahead post it! This is the off-topic page. We'd all love to read it.

Brokinarrow · 04-14-2011, 05:10 PM

Quote:

Originally Posted by Mindz

I made out with almost 3 grand total. It's all gone towards rent and life. =/

about the same here.

1o.f00t.570rk · 04-14-2011, 06:08 PM

Was gonna do with about 1500, but then after declaring the stocks I liquidated to start my Roth IRA it bumped on down to about 700. Did it within a week of getting my paperwork, and that helped go in to the down payment on my Camaro.

cab2g · 04-14-2011, 08:47 PM

Quote:

Originally Posted by Ivas

Quote:

Originally Posted by cab2g

I so wish I could post some stats regarding historical income tax rates, polarization of incomes over time versus political instability, but this is a Camaro forum. But these facts are out there for anybody to look up.

Go ahead post it! This is the off-topic page. We'd all love to read it.

haha, well I guess the article is just statistics. I don't think the author is bringing up "political" issues

http://8020vision.com/2010/11/16/whe...its-wellbeing/

Apex Motorsports · 04-15-2011, 05:58 AM

Quote:

Originally Posted by Ivas

Remember fellahs, while the workingman pays taxes through the nose, the corporations pay, on the average, 15%. Those with the highest incomes, when some of us were boys in the 1960's, used to pay 91% on new income, not their overall wealth. Now, that same 1% of the population pays 31%.
Hella jive, ain't it? But in the end they're gonna' regret what they did, 'cause those on top can find themselves no longer giving the orders...

2ndgenz28 · 04-15-2011, 07:33 AM

The biggest business that pays no taxes is "illegal" drugs.

never gonna stop them, the money used to try is a total waste as they just send in so much, by the odds it has to get through and it does. There has never been a shortage in supply.

Take that money, plus the tax money on the drugs and have a surplus in 5 years.

And it will be just like guns, booze and tobacco, there will still be an element that deals in the "illegal" market side, but we still make 100fold more on taxes.

Why they are "legal", its profitable and making them illegal was a waste of time and just made crime worse. [whole mobster era was built on booze, gangster era is built on crack] If we can let someone drink themselves to death and tax it, we can let them fry their brain and tax it.

Banshee · 04-15-2011, 04:34 PM

Got back $8439 Fed and State...

Think I'm going to Livernois...

Ivas · 04-15-2011, 07:25 PM

Quote:

Originally Posted by cab2g

haha, well I guess the article is just statistics. I don't think the author is bringing up "political" issues

http://8020vision.com/2010/11/16/whe...its-wellbeing/

Thank you.

04-14-2011, 03:48 PM	#18
jcamaro Obsessed Much? Drives: 2015 Silver 1SS/RS M6 Join Date: Aug 2009 Location: Las Vegas Posts: 934	Well, 2 kids and the wife puts me at 4 deductions. My wife is attending school and a full time stay at home mom since our 2 children are 2 1/2 and 1 year old, so just my income. But we get $2,000 from the child tax credit and $1800 from the EIC credit. And since she's going to school, we qualify for that extra tax credit, too. A total of $7,000 refund! Unfortunately, most of it when to pay bills but we did get a new TV out of it (47" LG LED LCD 120Hz). Next year will probably not be as high since I've heard they are cutting the child tax credit in half and lowering the EIC (earned income credit). I e-filed since we don't itemize and got our return in a bout 8 days. __________________ 2015 1SS RS M6

04-14-2011, 03:57 PM	#19
Ivas el Ruco Drives: 2010 Camaro SS (now runnin' TENS ) Join Date: Nov 2009 Location: Fontana, CA Posts: 7,388	Post it! [QUOTE=cab2g;3095686]I so wish I could post some stats regarding historical income tax rates, polarization of incomes over time versus political instability, but this is a Camaro forum. But these facts are out there for anybody to look up. Go ahead post it! This is the off-topic page. We'd all love to read it.

04-15-2011, 04:34 PM	#25
Banshee Institutionally Insane Drives: 2013 IOM 2SS/RS 1LE Join Date: Feb 2009 Location: Detroit MI Posts: 2,115 View My Garage	Got back $8439 Fed and State... Think I'm going to Livernois... __________________ It's got a cop motor, a 440 cubic inch plant, it's got cop tires, cop suspension, cop shocks. It's a model made before catalytic converters so it'll run good on regular gas. What do you say, is it the new Bluesmobile or what?

04-12-2011, 08:31 PM	#15
Ivas el Ruco Drives: 2010 Camaro SS (now runnin' TENS ) Join Date: Nov 2009 Location: Fontana, CA Posts: 7,388	Remember fellahs, while the workingman pays taxes through the nose, the corporations pay, on the average, 15%. Those with the highest incomes, when some of us were boys in the 1960's, used to pay 91% on new income, not their overall wealth. Now, that same 1% of the population pays 31%. Hella jive, ain't it? But in the end they're gonna' regret what they did, 'cause those on top can find themselves no longer giving the orders...

04-14-2011, 02:46 PM	#16
Big Brunsy Drives: 2010 supercharged LS3 Join Date: Jan 2010 Location: Le Mars, Iowa Posts: 2,235 View My Garage	I got back $6600. Sounds good until you figure in the $19,000 I paid in fed, state, SS, and Medicare taxes that I didn't get back

04-14-2011, 06:08 PM	#21
1o.f00t.570rk Tall Guy Drives: '11 LS SGM, '96 BK, '88 S10 Join Date: Jan 2011 Location: Everett, WA Posts: 526 View My Garage	Was gonna do with about 1500, but then after declaring the stocks I liquidated to start my Roth IRA it bumped on down to about 700. Did it within a week of getting my paperwork, and that helped go in to the down payment on my Camaro.

04-15-2011, 07:33 AM	#24
2ndgenz28 Thread Killer Drives: All Black Join Date: Aug 2009 Location: NWO Toledo Area Posts: 4,720	The biggest business that pays no taxes is "illegal" drugs. never gonna stop them, the money used to try is a total waste as they just send in so much, by the odds it has to get through and it does. There has never been a shortage in supply. Take that money, plus the tax money on the drugs and have a surplus in 5 years. And it will be just like guns, booze and tobacco, there will still be an element that deals in the "illegal" market side, but we still make 100fold more on taxes. Why they are "legal", its profitable and making them illegal was a waste of time and just made crime worse. [whole mobster era was built on booze, gangster era is built on crack] If we can let someone drink themselves to death and tax it, we can let them fry their brain and tax it.