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How does someone making $24,000 a year pay federal taxes?
Posted: Fri Nov 30, 2012 12:55 am
by _beastie
Anyone have an answer to that?
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 12:59 am
by _Sethbag
I'm sure you meant to specify income taxes, right?
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:01 am
by _just me
Would they if they are single with no dependents?
As far as I know the answer is "they don't."
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:21 am
by _beastie
Sethbag wrote:I'm sure you meant to specify income taxes, right?
Yes, that's what I meant by federal taxes.
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:21 am
by _beastie
just me wrote:Would they if they are single with no dependents?
As far as I know the answer is "they don't."
That's what I believe, as well.
But perhaps droopy can explain it to us.
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:25 am
by _beastie
by the way, this is the context for my question. Droopy has admitted receiving various government assistance in the past. I don't fault or criticize him for that. I fault and criticize him for acting as if people now needing government assistance are moochers, or, in one thread, "thieves".
When I brought up this hypocrisy, Droopy claimed he'd paid far more BACK in taxes than he ever received. Yet at the same time he claimed to have never made more than $24,000. (I assume a year).
Something doesn't add up here.
viewtopic.php?p=661721#p661721So what you are here saying is that now, after having paid back into the federal treasury through my own hard work far beyond what I ever used in benefits, I should, as someone who has never made more than $24,000 in my life, write personal checks to the federal government to feed a morally and economically indefensible monstrosity that has destroyed the inner city black family, helped bring the nation to the brink of financial ruin, created a raging entitlement mentality, slowed economic growth and job creation, and incentivized values, habits, mentalities, and cultural attributes that are incompatible and hostile to gainful employment, let alone something that could be called a career. You want me to pay more taxes to support this system rather than leaving it in my hands to support myself and my own family as I see fit?
So again, how does someone who makes $24,000 (I assume he meant a year, if he means in his life, it's far worse), "Pay back into the federal treasury"????
Droopy?
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:31 am
by _Kevin Graham
They actually pay federal taxes throughout the year as taxes are deducted automatically from their paychecks. But when they file the next year they'll likely get most or all of it back depending on their credits/deductions for that year. If they're delinquent in paying back things like student loans, then their refund goes towards paying that off.
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:36 am
by _beastie
Kevin Graham wrote:They actually pay federal taxes throughout the year as taxes are deducted automatically from their paychecks. But when they file the next year they'll likely get most or all of it back depending on their credits/deductions for that year. If they're delinquent in paying back things like student loans, then their refund goes towards paying that off.
Yes, they would get a full refund.
So how does Droopy imagine he's paid back more than he ever received in benefits?
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:43 am
by _Droopy
beastie wrote:by the way, this is the context for my question. Droopy has admitted receiving various government assistance in the past. I don't fault or criticize him for that. I fault and criticize him for acting as if people now needing government assistance are moochers, or, in one thread, "thieves".
The thief is the state itself, who plunders the citizenry by taking from them by force what belongs to them, and transferring it to those to whom it does not belong, at exorbitant levels of taxation.
When I brought up this hypocrisy, Droopy claimed he'd paid far more BACK in taxes than he ever received. Yet at the same time he claimed to have never made more than $24,000. (I assume a year).
Something doesn't add up here.
Since 1984, and counting out about 6.5 years when I was taking care of my wife here at home and going to school using my inheritance, that roughly 20 years of work - hundreds of thousands of dollars made and federal (payroll, FICA etc.) taxes paid on it.
I'm afraid I don't see any "hypocrisy" here. But then, the MO around here has always been character assassination, not serious, critical discussion, so how can I start complaining now?
So again, how does someone who makes $24,000 (I assume he meant a year, if he means in his life, it's far worse), "Pay back into the federal treasury"????
Where does payroll tax go, Beastie? Does it go into the general treasury, or somewhere else? Federal payroll tax goes into the general fund, while medicare and social security taxes go to pay for those programs (SS taxes actually go into the general treasury, at which point an IOU is written to the Social Security trust fund promising future reimbursement. Those funds are then spent by Congress).
Roll the dice again, Beastie.
Re: How does someone making $24,000 a year pay federal taxes
Posted: Fri Nov 30, 2012 1:46 am
by _Droopy
Kevin Graham wrote:They actually pay federal taxes throughout the year as taxes are deducted automatically from their paychecks. But when they file the next year they'll likely get most or all of it back depending on their credits/deductions for that year. If they're delinquent in paying back things like student loans, then their refund goes towards paying that off.
I never got back anything approaching what I paid during the previous work year.
Graham is clowning again. Give him a cookie, and, while he may not go away, at least he may have the good manners not to talk with his mouth full.