Tax System Sucks!!!!
 

I't always seems like I always get a little annoyed when tax season rolls around and my wife and I pay out the A$$ in Federal and State income tax and the guy working next to me pays almost nothing. It just does'nt seem fair to us that we support other tax payers( nonpayers as this senario will show).

The Senario,,,
1, wife and i show 153k in income
pay 15k in fed taxes
pay 4600 in state taxes
pay 4200 in property tax
total of $23,800 paid in taxes for 07'

2, co-worker showed 65-70k in income(wife does not work)
pay 0 in fed taxes
pay 0 in state taxes
pay 0 in property tax (renter)
total of $0 paid (he said he literally got back every thing he paid in 13k)

He has a wife and 6 kids

Now i'm left scratching my head going WTF!!!!

Then the economic stimulas package comes out and we will be lucky if we get the $1200 for a married couple but for sure he will get $3000 for his family.(last time i checked those 6 kids did'nt pay any taxes)

Anyhow, I thought I would ask hard working middle class America what you think about this senario.

BTY, we do feel blessed for the position we are in but on the flip side we want all americans to pull thier wieght and no one household should carry a much bigger tax burden then the next. It was not easy getting to this point after both of us working for 30 years only to get screwed by the government.(one reason I'm not a democrat)

Can I adopt 3 or 4 crack babies and raise them on $23,800 and maybe get 600 to 1200 a month from the government for doing so????


Gotta go, stations are out of gas!!
PEACE OUT, 8) 8)
FUELMAN

Man, you're going to get butchered on that one. :shock:

Oh boy !!! This will be FUN !!!! :lol:

WOW, are you for real. Tell me this is a joke or a thread intent on stirring up a sh-- storm.

You state your income as that of more than double your co-worker. That individual is scratching out a living, with six children, on less than half of what you and your spouse are. Yet, you come on here and play this woe is me crap, wish I had your problems.

Tell me economics expert, how do you fix the problem and make it fair for everyone else? Keep in mind, we all are not as blessed as you are to be in a position to support two people on less than half of what I support a family of three on. Tell me how you'd make that scenario fair.

My suggestion, get a CPA or find a better one if you are using one.

Sorry, I don't normally post. I use this site as research for a new career, but this kind of set me off. Not to mention the "crack baby" comment, I won't even get into how shallow a comment that was.

You come across in your initial post like your co-worker (or anyone like him) is some sort of welfare suckler. Whether or not that is your actual intention, that's how it comes across.

For your info, my wife doesn't work either. We raise 7 kids and make it on what I earn, which isn't any earth shattering amount and less than your coworker. The only debt we have is about half a mortgage and 1 car. We save, invest in a 401K, and are careful about our expenditures. Come tax time, we typically don't pay a whole lot on the federal level (which is how it should be), though state is a different animal.

So tell me why you feel that is wrong? Because my wife choses to be an at-home mom? Or because we have 7 children in a blended family, which gives us a few more deductions than you? My question really is, where do you come off thinking we aren't pulling our weight?

By the way, I am a republican and I don't agree with the economic stimulus package at all. I think it's wasted money and when the government hands it out, we won't be stimulating anything other than our bank account.

You mean to tell me there are 7 little flyers running around? :shock: :shock: :shock:

Re: Tax System Sucks!!!!
 

If it makes you feel any better, I managed to eek out almost $30k last year (2007) and I will be getting a refund of just shy of $400 from taxes and $1200 from the stimulus package.

Yep, ranging between 5 and 15. But we cheated...it's actually more like the Brady Bunch. We each have 3 children by a previous marriage and 1 together. So there's two right at 15 (2 months apart), two 12's (2 days apart), two 10's (6 months apart), along with our own 5 year old. So it's the Brady Bunch +1. :)

I am never leaving my house again.

That's probably a good idea. My two oldest are going for their driver's permits on Saturday. You're safer indoors.

Of course, I neglected to mention that all those little flyers are great tax deductions, which is why we had them all in the first place. :roll:

Well that is good, I was beginning to think you enjoyed the process of, uh, making little flyers.

Not leaving the house World......

That's what got TF in that much trouble in the first place. :wink:

You and your wife could do activities outside the bedroom. :twisted:

Take up fishing, golfing, bowling but get outthehouse man. :P

okay, truckrswyfe, you really need to change your avitar. it is, uh, just change it. :oops:

Ok! But I really liked that one. :cry: :cry: boo hoo.

It sounds like FuelMan already has a good CPA and or is doing a good job of minimizing his tax burden.

For being in the top bracket you only gave 10% to the Feds and 3% to the Peoples Republic of Kaifornia.

The entire point of income tax is that it is progressive; any tax system is going to have winners and losers.

As a single guy I get poned taxes; it is part of the reason I'm a LTL city man earning $40k/yr versus being a road driver at $65k.


Renters pay property tax also, its just baked into their rent.

:roll: :roll: :roll:

:?: :?: :?: :? :? :? :?

Margaret thatcher on a cold day! Margaret thatcher on a cold day!

so you made 153,000 and we should feel sorry for you? BELLY ACHIER

Re: Tax System Sucks!!!!
 

You both enjoyed $59,200 extra over your friend, and that is minus the $23,800 you paid in taxes, and also minus $70,000 for your friend's income.

You are here, complaining about paying more in taxes than a majority of Americans make in a year, along with complaining about the stimulas program that your friend will get 3,000 and you will get NOTHING. You made too much, cut-off is at 75K.

hmmmmmmmmmmmmm.

So let me guess....even making that amount, you are just getting by paycheck to paycheck, arn't ya? :wink:

"New drivers get help here" :roll: :roll: 8) 8)

You get a tax advantage for owning a home don't you? Your neighbor has rent for something he'll never own, but tax does still get paid on the property.

Neighbor's income puts him in a different tax bracket and has kids.

I won't dog you for makig 150+, good for you. I hope to make that this year being single with no home :lol: I'll pay more than you and the wifey on my taxes! :cry:

Lets all hate the ones who make all the money and have the biggest tax burden. I'd be pissed if the gov't took that much of my hard earned money. You all want a fair solution?

Read up. Buy Neal Boortz's book on the fair tax.

http://www.fairtax.org/site/PageServer

It isn't about what's fair, even though the tax system isn't great, it's what we have.

It's about a man who come on the board, whining because he had to pay taxes, and complaining because his neighbor didn't. Unless he has access to what his neighbor does, which I'm pretty sure he doesn't, he has no idea what kind of income his neighbor has, or how much in real tax he did or didn't pay.

Then he complains because he doesn't qualify for the stimulus package that the government is putting out.

And all of that complaining about these taxes on a truck driving board.

No-one is bagging on him because he makes over 150K per year.

We are bagging on him because he's whining about his taxes. And guess what? About this time next year, he'll be back crying, because of all of the taxes he has to pay. Boo freckin hoo.

If he is looking for advise, maybe some sound investments will help him.

If he's just whining because he thinks we care, he should think again. People pay the proper taxes for their situation.

If he feels like he overpaid, let him complain to a CPA, or better yet, call the IRS. They're the only people who can advise him for next year taxes.

All that he can do here is whine. No-one has his records, and can tell if he paid the proper amount of taxes, or if he missed a lot of deductions. None of his records are here on this board, so no-one here can advise him correctly.

Unless he willing to follow advise that the proper people tell him, he'll end up repeating that process over and over and over again.

So giving the man advise is a waste of time. I've done as much as I could with this single post. The rest is up to him.

You're right that it isn't great... in fact it really sucks and is inherently unfair!

I'd be pissed too!!! Even though the "Politician Protection Act of 2008" is a complete joke since they're borrowing more money to give to middle income and poor people (I'm in that group) to go out and "blow" on the economy, I'd want to get a piece. Especially since I just paid more taxes than 90% of Americans.

Tell that to the OP or anyone else who had to write Uncle Sam a check this year.

In most cases, payments will range from $300 to $600 for individuals and $600 to $1200 for joint filers. Taxpayers may receive $300 for each qualifying child. Payments could be less, depending on tax liabilty and Adjusted Gross Income. Phaseout reduction begins at $75,000 for single filers and $150,000 for joint filers.

This is from the IRS website. The way I see it, if fuelman can find a way to deduct another $3000, maybe he can make the cut off at $150,000 for joint filers. I'm not an accountant. He just missed the cut off, assuming he and he and his wife are filing jointly. Maybe find more deductions some where. :wink:

Who's doing the hating here? Sounds to me like the original poster is the one doing the hating, looking down his nose at anyone that isn't doing as well as he's doing.

:roll:

I have no problem with the guy making 150 grand. But to crack on someone that isn't doing as well as he is, is the epitome of elite snobbishness. And the crack baby comment was way over the line.

I have a problem with Men who wear tights and a cape! :evil:

Yeah, but I'm infinitely cool and have cool big boy toys. :)

Sorta kinda back on the subject, I wonder how much Bruce Wayne pays in taxes? :)

stop hijacking threads!

I can't imagine too much. He has a lot of charitable causes. And he can always write off his gadgets through Wayne Enterprises. :lol: :lol:

You guys and your crazy comic book things. :roll: How nerdy can you get? :wink:

didn't want to hijack the thread anymore than it has....

Who you calling a nerd, them is fighting words :shock: :lol: Next thing i know you'll be calling me 4 eyes. I may wear glasses but I am far from nerdy looking :wink:

:? :? :? 8)

Well, that did'nt go over too good.

Yeah right, I'm the uppity snobbish truck driver. Tell my wife she does'nt deserve her 100k income and you better have a nut cup on. She was a waitress for 8 years while going through college to get her masters degree and graduated 50k in debt and landed a job for 1800 a month working for the school system in montana. She now works for a county hospital and has her choice of 30 jobs at any given moment 16 years later.

My co-worker was on welfare 5 years ago with 3 kids. State put him through truck driving school. 5 years later he's making 65-70k has another 3 kids and still does'nt pay fed or state tax. Sounds like welfare to me, and i doubt he paid back the schooling or the welfare he received.

Anyway the point i was trying to make was the senario fair??? People attack us i think cause of the large income. Look at this senario

SENARIO-2

my co-worker gross pay 65-70k(stay at home wife, 6 kids)
paid fed $0
paid state $0
total paid $0 (he told me he literally got back every thing he paid in 13k)
(JUST FOR YOU JOSBORN 23.75x2800hrs=66500 plus bonuses,,, too many bong hits have made your eyes bug out and have short term memory loss)

john the grocery clerk(single, 9.61 hour full time, no deducts)
gross 20k
paid fed $2095
paid state 996
total $3091

my 68 year old mom(widow, 1600 month social security, no deducts)
gross 19200
paid fed 1975
paid state 948
total 2923

Soooo,,,, is this FAIR????

My complaint is the shifting of the tax burden to the single, elderly, and higher income people.

SOLUTIONS,,

every one pays at least 3k in fed taxes no matter how many kids you have.


flat tax rate, 8% after deductions for EVERYONE

I like this one, do away with the IRS AND SAVE BILLIONS and all federal taxes are collected through every product purchase or service purchase you make and guess what?? Illegal aliens end up paying taxes.

Don't take this personnelly, if you can't pay your tax burden first, pay for your rights to be an AMERICAN, maybe people would think twice about having that 3rd, 4th, 5th, or 6th child.

I did'nt post this looking for tax advice, my CPA is very good, almost 60k in write offs, and the 153k was after an 8k business loss.

Just my opinion the system sucks and am not looking down my nose at anyone, one day you may be in my position and have another point of view!!!

PEACE OUT 8) 8)
FUELMAN

Something simply does not add up, he's probably full of shit.

There are some scenarios that would allow him pay next to no taxes. He could be plowing tons of money into a retirement account. You also have to consider he splits his income, and has a lot of kids.

I'm not all that keen on the tax breaks for people that have a pile of kids either. It didn't bother me much until this year though.

My Wife and I lost our home in a huge rain event on July 18th 2007 in Bagley WI. We got no help from FEMA at all. They have to have a 6 million dollars or more in damage. The area had approx 1 to 2 million in damage. SOL there. Makes me feel good as you can tell.

We had no flood insurance as it's not supposed to flood there. We did have comp on the 2 cars that were totaled out though. Approx $5500.00. Our home was paid for. It was a mobile home but was perfectly functional for us and I miss it.

Wisconsin has a community development block grant program. It's income based. You can make about $39,000 as a single person. As a married couple you can't make over $44,000. The math doesn't add up does it? Individually we fall underneath that, combined we're over it. We made around $62,000 combined. Filled out the app at the directors request but got nothing there and never heard back from them either. Called them and they said well we're sorry but there's nothing that we can do. My taxes fund that program and I know people that got money $5,000 to $10,000 to fix basements that are the old rock foundations that have leaked since the beginning of time.

We filed our taxes this year and we could deduct the price I gave for the home and any improvements I made in 12 years. We itemized the personal losses this I found out you can only use 25% of the personal losses.
We got $3950.00 back from Federal, $495.00 back from IA the state I work in. This is the slap from our own state. I paid WI $291.00. The state we live in and my wife works in.

I have a co-worker who had a kid in SEPT. She was bragging that she got $5100.00 back on taxes and her boyfreind who has 3 other kids by different people got back $5500.00. They live together. Combined they would make close to what we do probably around $55,000 to $57,000.

Does that seem fair??? We lose a home and get less than someone who squeezes out a kid. That's ridiculous.

My Tax guy tried everything he could come up with but that's how the tax system is set up.

We don't have kids and that's a personal choice. We can't afford them, but damn I've tired of paying for other peoples kids.

Re: Tax System Sucks!!!!
 

How many kids do you and your wife have??

I think posting your income on a site that is primarily low to middle class truck drivers comes off as bragging if you ask me. (no I'm not jealous as my wife and I also do very well). As far as your co-worker getting off welfare and making 65k driving a truck I think thats awesome and I dont care who payed for the training. How much could it be? 5000? The program worked like it should for that guy. I kinda see your point with taxes but thats the way it is. Corporate America and the rich are going to pay a larger portion. First of all the lower class doesn't make enough to cover the difference anyway. Your talking about 40-50k incomes. How much more can you possibly get out of them? Thats a drop in the bucket compared to someone making say 500k and changing their tax liability from 33% to 8%. How would you make that up? And secondly 80% of the vote is controlled by lower and middle class so it will never happen. I dont think your co-worker should get off with zero liability, not even sure how you do that, earned income credits? Be grateful for what you have and get over it fuelman. Falling on deaf ears on this particular forum.