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Government Will Take Almost Half Your Paycheck in 2013
Posted: Tue, 14 Aug 2012 16:38:09
by ratherfish
How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are already high, and they’re getting higher next year.
It is outrageous that any dollar earned by a middle-class taxpayer would go as much to taxes as to supporting the taxpayer’s family. The government didn’t earn the taxpayer’s paycheck and shouldn’t be entitled to it.
See the table (link) to see how your state compares to the national marginal tax rate of 43.1 percent in 2012 and 48.1 percent in 2013.
http://blog.heritage.org/2012/08/13/gov ... k-in-2013/
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Tue, 14 Aug 2012 17:44:55
by ShotgunBlast
For what I pay in taxes, I don't feel like I'm getting my money's worth.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Tue, 14 Aug 2012 17:48:42
by tursiops
The marginal tax rate is applied to taxable income, so even 50% would not be half your paycheck.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Tue, 14 Aug 2012 18:17:29
by gunderwood
Ya, that list is misleading at best. It has Maryland as being lower than VA, which technically, given the constraints of the list, is correct. However, if you consider all taxes, fees, etc. MD is worse than VA. The Dems are always harping on how low our taxes are, but only if you stack the deck like this list. If you count all forms of money being transfered to the government, we're right up there with Europe and over 50%.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Tue, 14 Aug 2012 20:41:01
by Kreutz
gunderwood wrote:Ya, that list is misleading at best. It has Maryland as being lower than VA, which technically, given the constraints of the list, is correct. However, if you consider all taxes, fees, etc. MD is worse than VA. The Dems are always harping on how low our taxes are, but only if you stack the deck like this list. If you count all forms of money being transfered to the government, we're right up there with Europe and over 50%.
someones gotta pay for a bloated military, a giant bureaucracy, the welfare state, and entitlement programs.
Its true though the federal income tax gets the most attention, but then theres state income tax, payroll, capital gains, sales tax, estate tax, property tax, gasoline tax (fed/state), and myriad excise taxes and "fees".
It does add up, yet unlike the Europens we get zilch to show for it.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Wed, 15 Aug 2012 07:37:21
by gunderwood
Kreutz wrote:gunderwood wrote:Ya, that list is misleading at best. It has Maryland as being lower than VA, which technically, given the constraints of the list, is correct. However, if you consider all taxes, fees, etc. MD is worse than VA. The Dems are always harping on how low our taxes are, but only if you stack the deck like this list. If you count all forms of money being transfered to the government, we're right up there with Europe and over 50%.
someones gotta pay for a bloated military, a giant bureaucracy, the welfare state, and entitlement programs.
Its true though the federal income tax gets the most attention, but then theres state income tax, payroll, capital gains, sales tax, estate tax, property tax, gasoline tax (fed/state), and myriad excise taxes and "fees".
It does add up, yet unlike the Europens we get zilch to show for it.
Yes, someone does have to pay for it. I was just noting that comparing specific tax rates can and is misleading because it ignores all the other money government takes. If you want to compare "taxes," the best way IMHO is the total money taken by all levels of government. If the Feds take my money or the State or local, I don't really care, it's still gone. If they take it as a tax, a fee, or whatever, again it's gone. When you consider all the money our government takes from us, our taxes are not low in any way. We are right up there with the most taxed nations in the world and above 50%.
Interestingly, the Lord warned of a 10% tyranny...
10 Samuel told all the words of the Lord to the people who were asking him for a king. 11 He said, “This is what the king who will reign over you will claim as his rights: He will take your sons and make them serve with his chariots and horses, and they will run in front of his chariots. 12 Some he will assign to be commanders of thousands and commanders of fifties, and others to plow his ground and reap his harvest, and still others to make weapons of war and equipment for his chariots. 13 He will take your daughters to be perfumers and cooks and bakers. 14 He will take the best of your fields and vineyards and olive groves and give them to his attendants. 15 He will take a tenth of your grain and of your vintage and give it to his officials and attendants. 16 Your male and female servants and the best of your cattle[c] and donkeys he will take for his own use. 17 He will take a tenth of your flocks, and you yourselves will become his slaves. 18 When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day. ”
1 Samuel 8:10-18
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Wed, 15 Aug 2012 10:14:48
by mamabearCali
It stinks to high heaven and we get a whole bunch of baloney for our trouble.
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Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Wed, 15 Aug 2012 10:57:47
by ratherfish
WOW.
A couple of the posters to this thread make me wonder if the data ports in their necks by which they download the democrap, HUFFPO talking points while they sleep are RJ 11's or RJ 45's! Nevermind, RJ 11's would never make the transmission rate for that amount of crap.
Fact is ANY amount of taxes deducted for expendatures not authorized by the Constitution are stolen...
They aren't "lost government revenue" or dollars that the govrnment owns and may return to you if you say "mother may I"
This statement is just insane;
"It does add up, yet unlike the Europens we get zilch to show for it."
Especially from someone who boasts of being self blinded to my posts!
Want accuracy????????
Close to half pay NO TAX and we support them through the illegal redistribution of wealth carried out by the tax code! MANY actually make money on the proposition.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Wed, 15 Aug 2012 13:57:00
by Kreutz
Gunderwood wrote:1 Samuel 8:10-18
The price of "civilization"; this all goes back to Sumer millenia before that was written.
Our tax code is as messy as the Roman Empires, yet not as cumbersome as the Austro-Hungarian Empire...yet.
Re: Government Will Take Almost Half Your Paycheck in 2013
Posted: Wed, 15 Aug 2012 15:54:49
by ratherfish
It's institutional theft and graft.
Like Europe so much?
Look up the rate in France.