Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (718786)	5/31/2013 5:28:15 PM
From: Tenchusatsu	3 Recommendations Read Replies (1) \| Respond to of 1580154

Al, I don't care how jealous you are of rich people. The point is that your statement, "taxation has never been lower," is pure bullshit. Tenchusatsu

To: Alighieri who wrote (718786)	5/31/2013 5:56:36 PM
From: i-node	Read Replies (1) \| Respond to of 1580154

>> Tell them to move to Alabama...oh, wait that would be bad for their careers. My heart bleeds for these people. They live in a place that has allowed them to become ultra rich and bitch about the taxation of the place...move to Mississippi. I just don't know how you come to this conclusion either. A middle income wage-earning (MFJ) pays about 20-25% in federal income taxes. Depending on the state, he pays maybe 5-10% in state income taxes. He pays on average around 8% in SS & MC taxes. And he pays 8% in sales taxes. That amounts to nearly half his income, right there. That's before he pays gasoline taxes. Obamacare taxes. If he is a city dweller in a liberal city he may pay local income taxes. If he owns a home he pays property taxes ranging from 1% to 10% of his income, depending on where that is. When you boil it down, a middle income American ends up keeping at most half, and if he is self employed, scarcely 1/3, of what he earns. How can you possibly say that is not enough or suggest is is historically "low"?