CaptainPanic said:
Quit giving the rich and famous tax breaks they already have more money than sense anyways, they should pay their fair share.
That's bull. It's all rhetoric. Do you realize that as your income increases, so does your percentage that is taxed? How is that fair? My vote is for one standard tax rate for everyone - rich or poor. Just because I make more money because I work harder, longer, do a shiittier job, etc, doesn't mean I should pay more percentage wise. Hell, I should pay less for actually doing what Americans were meant to do instead of bellyaching and asking for a handout.
Here are the 2005 tax rate schedules from
http://www.irs.gov. The "rich" obviously pay a hell of a lot more... 25% more PLUS a fixed amount (close to $100k at the top) as well compared to the "poor". And honey, $326k is not rich in many parts of the country, especially when you're paying $94k in taxes, plus another $81.5k(25%) and paying for ridiculously small houses that cost $400k - $700k because the housing market is insane. I'm tired of having to take care of everyone else. I work my rear off. I should be able to see some of the benefit.
Schedule X — Single
If taxable income is over-- But not over-- The tax is:
$0 $7,300 10% of the amount over $0
$7,300 $29,700 $730 plus 15% of the amount over 7,300
$29,700 $71,950 $4,090.00 plus 25% of the amount over 29,700
$71,950 $150,150 $14,652.50 plus 28% of the amount over 71,950
$150,150 $326,450 $36,548.50 plus 33% of the amount over 150,150
$326,450 no limit $94,727.50 plus 35% of the amount over 326,450
Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)
If taxable income is over-- But not over-- The tax is:
$0 $14,600 10% of the amount over $0
$14,600 $59,400 $1,460.00 plus 15% of the amount over 14,600
$59,400 $119,950 $8,180 plus 25% of the amount over 59,400
$119,950 $182,800 $23,317.50 plus 28% of the amount over 119,950
$182,800 $326,450 $40,915.50 plus 33% of the amount over 182,800
$326,450 no limit $88,320.00 plus 35% of the amount over 326,450
Schedule Y-2 — Married Filing Separately
If taxable income is over-- But not over-- The tax is:
$0 $7,300 10% of the amount over $0
$7,300 $29,700 $730 plus 15% of the amount over 7,300
$29,700 $59,975 $4,090 plus 25% of the amount over 29,700
$59,975 $91,400 $11,658.75 plus 28% of the amount over 59,975
$91,400 $163,225 $20,457.75 plus 33% of the amount over 91,400
$163,225 no limit $44,160.00 plus 35% of the amount over 163,225
Schedule Z — Head of Household
If taxable income is over-- But not over-- The tax is:
$0 $10,450 10% of the amount over $0
$10,450 $39,800 $1,045 plus 15% of the amount over 10,450
$39,800 $102,800 $5,447.50 plus 25% of the amount over 39,800
$102,800 $166,450 $21,197.50 plus 28% of the amount over 102,800
$166,450 $326,450 $39,019.50 plus 33% of the amount over 166,450
$326,450 no limit $91,819.50 plus 35% of the amount over 326,450
h34r:
