“Government IS the problem.”

Since: Jan 08

Chico, CA

#88 Apr 23, 2013
Tea Party Solution wrote:
<quoted text>
You are intentionally acting stupid-- or is it just the way you actually are?
You are the one who started this topic. You showed JUST Obama/s federal tax percentage, and then you said that you paid a higher tax, of 30%. But you were adding in your self-employment tax. This is the equivalent of the same thing hourly and salaried workers pay-- EXCEPT for the fact that you pay the employers' side of this tax, as well as the employee's side.
That's also true for me because I'm also self-employed. But Obama ALSO paid a payroll tax on his income as president. But that amount was NOT part of the 18% he paid for his federal income tax. The federal income tax calculations do not include payroll taxes. So you attemptrd to compare apples to oranges.
If you want to argue about the fact that the self-employed have to pay ALL of their payroll tax instead of half of it, that's another discussion.
Don't you have ANY deductions? If you have just 12K in mortgage interest, property tax, charitable deductions, and health insurance write-offs, then your effective federal income tax rate is closer to 10%.
Loco, who just chimed in with his take on this, doesn't even understand tax brackets. He's posted that if there was a 90% top tax bracket, then that means that someone making 1 million a year would be paying $900,000 in taxes.
Sigh... It's impossible to have a discussion with such ignorant people.
"President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012"
http://www.reuters.com/article/2013/04/13/us-...
Local

Clearlake, CA

#89 Apr 23, 2013
Sam Lowree wrote:
<quoted text>
"President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012"
http://www.reuters.com/article/2013/04/13/us-...
That's right Sam. If nobama was self employed, he would have paid an additional 7.65% tax(self employment), which would have put him at at a 26% effective tax rate.(not to mention all of the other taxes..i.e. state
income tax, fuel taxes, sales taxes, property taxes, etc. etc. etc.

Perhaps you should try typing in Russian. Maybe these socialists will then comprehend how and why taxes are too high......on everyone.

Lol. Teepee says self employment taxes (15% of income) aren't really taxes? They don't count, but you MUST pay them. lolololol

What a moron.
Tutorial for teepee

Clearlake, CA

#90 Apr 23, 2013
Definition of 'Effective Tax Rate'
The average rate at which an individual or corporation is taxed. The effective tax rate for individuals is the average rate at which their earned income is taxed. The effective tax rate for a corporation is the average rate at which its pre-tax profits are taxed. An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes. THE EFFECTIVE TAX RATE IS THE NET RATE A TAXPAYER PAYS IF ALL FORMS OF TAXES ARE INCLUDED AND DIVIDED BY TAXABLE INCOME.
Investopedia explains 'Effective Tax Rate'
The effective tax rate is often a more accurate representation of a taxpayer's tax liability than its marginal tax rate. Two companies that are in the same marginal tax bracket, for example, may end up with different effective tax rates depending on their earnings. This occurs particularly with a progressive, or tiered, tax system, where different levels of income are taxed at different rates. For example, the first $100,000 of income may be taxed at 10%, and income between $100,001 and $500,000 might be taxed at a rate of 15%. The corporation's income is taxed at the various levels, and to determine the effective (or average) tax rate, the total tax is divided by the total taxable income.

We are all laughing at YOU........you nasty, LYING condescending nincompoop..........and your little chirping sidekick? not worth mentioning except "birds of a feather".....

Oh, and no charge for the lesson.

lolololol

To new readers;
The poster named “Tea Party Solution” is not a member of the tea party. He has been proven to be a liar and a coward who will spin information to fit his true ideology…..a radical left wing progressive.
Anyone reading his posts should check and verify any of his so called facts. The fact that he uses the term “tea party” in his name exemplifies his patently dishonest nature and his disingenuous persona.
Readers beware of any information provided by the poster “Tea Party Solution”.

Godfrey

Oroville, CA

#91 Apr 23, 2013
Tutorial for teepee wrote:
Definition of 'Effective Tax Rate'
The average rate at which an individual or corporation is taxed. The effective tax rate for individuals is the average rate at which their earned income is taxed. The effective tax rate for a corporation is the average rate at which its pre-tax profits are taxed. An individual's effective tax rate is calculated by dividing total tax expense by taxable income. For corporations, the effective tax rate is computed by dividing total tax expenses by the firm's earnings before taxes. THE EFFECTIVE TAX RATE IS THE NET RATE A TAXPAYER PAYS IF ALL FORMS OF TAXES ARE INCLUDED AND DIVIDED BY TAXABLE INCOME.
Investopedia explains 'Effective Tax Rate'
The effective tax rate is often a more accurate representation of a taxpayer's tax liability than its marginal tax rate. Two companies that are in the same marginal tax bracket, for example, may end up with different effective tax rates depending on their earnings. This occurs particularly with a progressive, or tiered, tax system, where different levels of income are taxed at different rates. For example, the first $100,000 of income may be taxed at 10%, and income between $100,001 and $500,000 might be taxed at a rate of 15%. The corporation's income is taxed at the various levels, and to determine the effective (or average) tax rate, the total tax is divided by the total taxable income.
We are all laughing at YOU........you nasty, LYING condescending nincompoop..........and your little chirping sidekick? not worth mentioning except "birds of a feather".....
Oh, and no charge for the lesson.
lolololol
To new readers;
The poster named “Tea Party Solution” is not a member of the tea party. He has been proven to be a liar and a coward who will spin information to fit his true ideology…..a radical left wing progressive.
Anyone reading his posts should check and verify any of his so called facts. The fact that he uses the term “tea party” in his name exemplifies his patently dishonest nature and his disingenuous persona.
Readers beware of any information provided by the poster “Tea Party Solution”.
We know what the T party solution is but my real point to you is this is to many damn words. Like what you say man but this is why conservatives get lost in their message. If you notice. liberals use very few words and they say them over and over again because the smart know that the stupid are just that. So don't impress people with your knowledge until you have the power, Impress with your Brevity. You are welcome.
Crickets

Williams, CA

#92 Apr 23, 2013
Godfrey wrote:
<quoted text>We know what the T party solution is but my real point to you is this is to many damn words. Like what you say man but this is why conservatives get lost in their message. If you notice. liberals use very few words and they say them over and over again because the smart know that the stupid are just that. So don't impress people with your knowledge until you have the power, Impress with your Brevity. You are welcome.
Lots of people, both conservative and liberal write long posts. I do at times. Tea Party Solution does most of the time, Sam does, Local does.

Just because you have, apparently, a short attention span, does not necessarily make it an ideological thing.
Godfrey

Oroville, CA

#93 Apr 23, 2013
Crickets wrote:
<quoted text>
Lots of people, both conservative and liberal write long posts. I do at times. Tea Party Solution does most of the time, Sam does, Local does.
Just because you have, apparently, a short attention span, does not necessarily make it an ideological thing.
It isn't ideological for your type it is right next to criminal. See how easy it is, Crickets

“Government IS the problem.”

Since: Jan 08

Chico, CA

#94 Apr 23, 2013
Tea Party Solution wrote:
<quoted text>
Get rid of the EPA? The EPA and its related agencies protect us against air and water pollution, nuclear waste and its transport, control of hazardous substances, and safety in the work place. The EPA and OSHA should have protected Texans from the fertilizer factory explosion, but were too under funded to do so.
The fact that we have much less smog, polluted streams and drinking water, and few nuclear spills and accidents are because of the EPA. Do you actually think that private companies would maintain safe standards if the EPA was eliminated?
I believe that you actually think just that. Because in your simplistic fantasy land the government is evil and the private companies are angels.
The EPA may have done some good at one point in time. Now they are doing more harm than good, most of their decisions of late are not scientifically based, they are based on political motivations. We all know where decisions based on politics lead. Harm to the country.
Crickets

Williams, CA

#95 Apr 24, 2013
Godfrey wrote:
<quoted text>It isn't ideological for your type it is right next to criminal. See how easy it is, Crickets
Yes, it is easy to write nonsensical statements. Even you are capable of doing it.

good for you.
Tea Party Solution

Chico, CA

#96 Apr 24, 2013
Sam Lowree wrote:
<quoted text>
"President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012"
http://www.reuters.com/article/2013/04/13/us-...
Obama’s effective tax rate was 18.4. His gross gross income includes his income as president, and his self-employment income, selling his books.

Now, since Sam wants to confuse federal income taxes by combining federal income taxes AND payroll/ self-employment taxes, let’s try to be fair —and do the same for our president. Obama’s family’s total income was $662,706. After deduction for retirement (SEP) and a small capital gains loss, his income was $608,611.

His total tax was $112,214. 18.4%. This does NOT include his payroll taxes and self-employment taxes,

His self employment income (schedule C on his taxes) was $258,772. The self-employment tax amount is NOT shown on anyone’s tax returns, but at 15% we can estimate that it was $68,815. His payroll tax on the 400K president’s salary also does not show on the tax returns, and can only be estimated. Using just 5% as an estimate, that would be 20K payroll taxes.

So the total that Obama paid to the federal tax, to his self-employment tax, and to his payroll tax totals $171,029. That total—which is how you’ve been misleadingly calculating YOUR tax rate as 30%-- is 28% for the Obama’s.

But I realize that your eyes are already glazed over. All these details are so baffling, right?

So I’ll summarize this for you. Try to read this carefully over the next few sentences:

Obama’s federal tax rate was 18.4%. Yours, based on 50K, was no higher than 13.26% and probably closer to 10%.

If we include what Obama paid on self/employment and payroll taxes, his rate was closer to 28%. You claim that your rate, including your self-employment tax, was 30%. THAT’S the FAIR comparison, NOT 18.4% compared to 30%.

And it’s important to remember that Obama’s tax rates are low because he gave almost 25% of his gross income to charities.

25% plus 18% equals 43%. The Obama's gave 18% to the IRS and 25% to his preferred charities. Did you or Loco give 25% to charities?
Tea Party Solution

Chico, CA

#97 Apr 24, 2013
Sam Lowree wrote:
<quoted text>
The EPA may have done some good at one point in time. Now they are doing more harm than good, most of their decisions of late are not scientifically based, they are based on political motivations. We all know where decisions based on politics lead. Harm to the country.
And that's your simplistic reasoning to do away with the EPA. Based on...nothing.

The explosion in Texas that killed 14 people could have been stopped if our politicians had funded OSHA and the EPA sufficiently. But republican POLITICS promote budget cuts instead of public safety.

Yes, politics DID harm the country-- YOUR style of politics harmed that small Texas town.

“Government IS the problem.”

Since: Jan 08

Chico, CA

#98 Apr 24, 2013
Tea Party Solution wrote:
<quoted text>

The explosion in Texas that killed 14 people could have been stopped if our politicians had funded OSHA and the EPA sufficiently. But republican POLITICS promote budget cuts instead of public safety.
Yes, politics DID harm the country-- YOUR style of politics harmed that small Texas town.
How?

As for cuts due to the sequestration why don't you look first to Obama cutting funds to various needed programs while letting funding go on for ridiculous waste of money government programs. Surely there is some foreign aid that could be cut.http://www.nytimes.com/201 3/03/04/world/middleeast/kerry -announces-millions-in-us-aid- for-egypt.html?_r=0

We don't really need to spend $150k to teach transsexuals how to talk do we?

Your arguments are ridiculous. No matter how much government oversight there is there will always be accidents. If you think government oversight can make everything safe and that no accidents will ever happen again then when accidents do happen the government should be help responsible.

“Government IS the problem.”

Since: Jan 08

Chico, CA

#99 Apr 24, 2013
Tea Party Solution wrote:
<quoted text>

Obama’s federal tax rate was 18.4%.
Are you Obama's new accountant? I hate to break this to you but your hero Obama is just a man, no worse than you or I.


If you have a beef with Obama's reported 18.4% effective tax rate take it up with the AP, hardly a conservative news source. Effective tax rate. Effective tax rate. Effective tax rate. That is what the story reported, effective tax rate.

“Government IS the problem.”

Since: Jan 08

Chico, CA

#100 Apr 24, 2013
Tea Party Solution wrote:
<quoted text>

Big Oil receives tax breaks (subsidies) of 7 billion a year.
Multi-national companies of all types get special tax breaks for outsourcing their profits and jobs. Special tax breaks are a form of government subsidies.
Tax breaks are not subsidies. Subsidies according to Merriam Webster: a grant or gift of money.

A tax break allows companies or individuals to keep more of THEIR money. Apple keeping more of its money through a tax deduction is not the government giving it money. Fisker receiving government money is a subsidy.

You see. It really is not easy to confuse subsidy and tax deduction or tax break. They are two completely different things.
Local

Clearlake, CA

#101 Apr 25, 2013
Tea Party Solution wrote:
<quoted text>
His self employment income (schedule C on his taxes) was $258,772. The self-employment tax amount is NOT shown on anyone’s tax returns, but at 15% we can estimate that it was $68,815. His payroll tax on the 400K president’s salary also does not show on the tax returns, and can only be estimated. Using just 5% as an estimate, that would be 20K payroll taxes.
?
Let me clear that up for you.....you obfuscating little propaqandist.
Your "estimates" are always wrong and typically jaded in order to prove a false premise. Now, re-start your lying rant with the proper info.
Updated February 05, 2013
The Self-Employment Tax is how an independent contractor pays Social Security and Medicare payroll taxes. In the case of employees, the employer and employee split the cost of these payroll taxes, each paying 7.65% of eligible wages. An independent contractor, by contrast, is both the employer and the employee, so a self-employed person pays both halves, or 15.3% total.
To new readers;
The poster named “Tea Party Solution” is not a member of the tea party. He has been proven to be a liar and a coward who will spin information to fit his true ideology…..a radical left wing progressive.
Anyone reading his posts should check and verify any of his so called facts. The fact that he uses the term “tea party” in his name exemplifies his patently dishonest nature and his disingenuous persona.
Readers beware of any information provided by the poster “Tea Party Solution”.
GRANDPA NICOLAI

Chico, CA

#102 Apr 25, 2013
Sam Lowree wrote:
<quoted text>
Tax breaks are not subsidies. Subsidies according to Merriam Webster: a grant or gift of money.
A tax break allows companies or individuals to keep more of THEIR money. Apple keeping more of its money through a tax deduction is not the government giving it money. Fisker receiving government money is a subsidy.
You see. It really is not easy to confuse subsidy and tax deduction or tax break. They are two completely different things.
>
>
Poor SAM.....

I took an extended break from posting on these here TOPIX threads and I see that you have not yet develop your thinking skills....

You are still carrying water for the wealthy and the mega corporations while simultaneously conducting a Jihad against yourself and the working folk...

CRICKETS and TEA PARTY SOLUTION practically bent over backwards in an attempt to explain and simplify matters to you.... you could do no wrong by re reading their excellent posts and pondering over the message they convey.

Also remember that It does not reflect very well on you when total nincompoops like SOCIOPATH, TWP and plagiarizing LOCAL LOCO agree with you...
sociopathic Liberals

Chico, CA

#103 Apr 25, 2013
GRANDPA NICOLAI wrote:
<quoted text>
I took an extended break from posting on these here TOPIX threads
pathological liar:
Someone who lies constantly only for attention. they lie about the most simple things. exaggerates the situation to the point of fiction. is very nutty, and does need mental help.

A person who apparently seems to believe their lies like it was true.

Someone who lies consistently with no regard of others.
Crickets

Williams, CA

#104 Apr 25, 2013
sociopathic Liberals wrote:
<quoted text>
pathological liar:
Someone who lies constantly only for attention. they lie about the most simple things. exaggerates the situation to the point of fiction. is very nutty, and does need mental help.
A person who apparently seems to believe their lies like it was true.
Someone who lies consistently with no regard of others.
Since you are so fond of posting definitions I figured I should post one for you. It is a word you should know because you use them constantly.

PLATITUDE: A platitude is a trite, meaningless, biased, or prosaic statement, often presented as if it were significant and original.

In other words, it is most everything posted by "sociopathic Liberals".

Come on guy, try to have an actual discussion for once, with logic and facts.
Tea Party Solution

Chico, CA

#105 Apr 25, 2013
Sam Lowree wrote:
<quoted text>
Your arguments are ridiculous. No matter how much government oversight there is there will always be accidents. If you think government oversight can make everything safe and that no accidents will ever happen again then when accidents do happen the government should be help responsible.
No, YOUR argument is ridicuous. I never said that government oversight makes "everything safe". Traffic laws don't stop all car accidents. Murder laws don't stop all murders. But how many MORE car accidents would we have with no traffic rules? How many more murders would we have with no laws against murder?
Tea Party Solution

Chico, CA

#106 Apr 25, 2013
GRANDPA NICOLAI wrote:
<quoted text>
>
>
Poor SAM.....
I took an extended break from posting on these here TOPIX threads and I see that you have not yet develop your thinking skills....
You are still carrying water for the wealthy and the mega corporations while simultaneously conducting a Jihad against yourself and the working folk...
CRICKETS and TEA PARTY SOLUTION practically bent over backwards in an attempt to explain and simplify matters to you.... you could do no wrong by re reading their excellent posts and pondering over the message they convey.
Also remember that It does not reflect very well on you when total nincompoops like SOCIOPATH, TWP and plagiarizing LOCAL LOCO agree with you...
Welcome back, GRANDPA! I was wondering about your departure from this loony bin, and was hoping that everything was ok.

CRICKETS and I have been doing the best we can to elicit true conversations here, but it's impossible to get anywhere with people who refuse to accept even the simplest concepts. But-- welcome back!
Tea Party Solution

Chico, CA

#107 Apr 25, 2013
Local wrote:
<quoted text>
Updated February 05, 2013
The Self-Employment Tax is how an independent contractor pays Social Security and Medicare payroll taxes. In the case of employees, the employer and employee split the cost of these payroll taxes, each paying 7.65% of eligible wages. An independent contractor, by contrast, is both the employer and the employee, so a self-employed person pays both halves, or 15.3% total.
How does the above refute what I posted? Obama paid payroll taxes on his salary as president. I used 5% of this income in my estimate. For his self-employment income I used the 15% figure.

Obama's 18.4% federal income tax does NOT include his payroll and self-employment taxes. That's the basic fact I've been attempting to get across to you and Sam.

Sam's figure of 30% INCLUDED what he paid for his self-employment ('payroll') tax. The 18.4% that Obama paid was JUST his federal tax, and did NOT include his payroll/ self-employment taxes.

I really can't make it any simpler than this. What I'm pointing out are not "lies", or some sort of left-wing propaganda. Just calling me names does not change the facts.

Go ahead, PROVE that the 18.4% the Obama's paid INCLUDED his payroll taxes. You can't, because that's not the fact.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Gerber Discussions

Title Updated Last By Comments
CA Judge overturns California's ban on same-sex ma... (Aug '10) 4 hr Los Angeles 200,987
CA CA Proposition 23 - Global Warming (Oct '10) 6 hr ForkBelly 7,962
The Michael Brown shooting 7 hr McGruff 12
Chico City Plaza 7 hr Tree Frog 6
Obama Is The War President 8 hr Ultraman 1
CA California seeks to ban free, single-use carryo... (Jun '10) 12 hr Flaggstaff 5,083
Messianic Jews say they are persecuted in Israel (Jun '08) 17 hr Eric 69,427
•••

Fire Warning for Tehama County was issued at September 22 at 1:45PM PDT

•••
•••
•••

Gerber Jobs

•••
•••
•••

Gerber People Search

Addresses and phone numbers for FREE

•••

Gerber News, Events & Info

Click for news, events and info in Gerber
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••