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-   -   What Do You Mean I Can't! (http://forum.shrapnelgames.com/showthread.php?t=11879)

Atrocities April 16th, 2004 02:20 AM

What Do You Mean I Can\'t!
 
"What do you mean I can't declare my 45.5 Billion Klingon subjects on my tax return?"

"I can't even right off the cost of research, colonization, ship construction or declare the ships I lost in the Cardassian wars!"

"What kind of nonsense is this?"

"I spent 6 hours on this 1040 ez form. EZ my ***." http://forum.shrapnelgames.com/images/icons/icon8.gif

"I want to speak to a Klingon Translator immediately!"

[ April 16, 2004, 01:22: Message edited by: Atrocities ]

General Woundwort April 16th, 2004 02:28 AM

Re: What Do You Mean I Can\'t!
 
Just remember, AT...

if you ask for a Klingon translator, they may give you a Klingon auditor instead... http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif http://forum.shrapnelgames.com/images/icons/shock.gif

Caduceus April 16th, 2004 02:31 AM

Re: What Do You Mean I Can\'t!
 
The more you tighten your grip, Atrocities, the more deductions will slip through your fingers...

Wildcard

Baal April 16th, 2004 04:59 AM

Re: What Do You Mean I Can\'t!
 
Online and telefile are the only way to go. That is if the Klingon computers can handle it. And I don't think Klingons use phones.

Kamog April 16th, 2004 05:05 AM

Re: What Do You Mean I Can\'t!
 
I've never prepared my own tax return because I find the process incomprehensible. http://forum.shrapnelgames.com/images/icons/blush.gif

Imperial April 16th, 2004 05:49 AM

Re: What Do You Mean I Can\'t!
 
Bah!!---try having a ferengi do your taxes http://forum.shrapnelgames.com/images/icons/shock.gif

narf poit chez BOOM April 16th, 2004 05:53 AM

Re: What Do You Mean I Can\'t!
 
Atrocities, repeat after me: 'I am not a klingon. I am perfectly sane. I am a mouse and eat cheese.' http://forum.shrapnelgames.com/images/icons/icon10.gif

Atrocities April 17th, 2004 05:30 AM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Imperial:
Bah!!---try having a ferengi do your taxes http://forum.shrapnelgames.com/images/icons/shock.gif
<font size="2" face="sans-serif, arial, verdana">You mean I should go to H&R Block then? http://forum.shrapnelgames.com/images/icons/icon10.gif

Kamog April 17th, 2004 06:05 AM

Re: What Do You Mean I Can\'t!
 
I'm not sure if I'd want to trust a Ferengi with any of my financial matters... http://forum.shrapnelgames.com/images/icons/icon12.gif

Grandpa Kim April 18th, 2004 03:05 AM

Re: What Do You Mean I Can\'t!
 
What incredibly perfect timing! I just finished my T1 General (Canada, eh!) and still have a lot of "mad" left over. Not gonna play any PBW turns till tomorrow 'cuz I might declare war on everybody! ... including a few of my own unruly colonies. http://forum.shrapnelgames.com/images/icons/icon8.gif

Loser April 18th, 2004 04:18 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Kamog:
I've never prepared my own tax return because I find the process incomprehensible. http://forum.shrapnelgames.com/images/icons/blush.gif
<font size="2" face="sans-serif, arial, verdana">I don't know how many times I've stopped a roommate from going to some tax place.

"Hold on, what have you got there. W2s and... nothing else. Ookaay, sit down. We've got you a 1040EZ and the direction. No, we're going to do these. It's not going to be that hard, it won't take as long as driving to the mall, and next year you can do them yourself."

Of course, this is my first year as a homeowner and landlord, so I'll be having a professional look into it. Next time it'll jsut be me, of course.

But really, if all you've got to deal with is a W2 and a 1040EZ (assuming you're in the U.S., which Kamog might not be, I don't recall), then there's little reason not to tackle it yourself.

Raging Deadstar April 18th, 2004 04:33 PM

Re: What Do You Mean I Can\'t!
 
My parents were filling in their tax return a week ago...

No wonder everyone in the UK complains about it! http://forum.shrapnelgames.com/image...s/rolleyes.gif

And You try convincing them that 50 billion of your subjects are individuals even though their part of a hive mind!! Shocking! http://forum.shrapnelgames.com/images/icons/icon10.gif

[ April 18, 2004, 15:49: Message edited by: Raging Deadstar ]

Wardad April 18th, 2004 06:36 PM

Re: What Do You Mean I Can\'t!
 
I bet alien agents don't file taxes.

mottlee April 23rd, 2004 12:40 AM

Re: What Do You Mean I Can\'t!
 
I refuse to file! every time I do they want MORE! they do not understand I do not have any more http://forum.shrapnelgames.com/images/icons/icon9.gif running a computer that was given to me W/650 Mhz so it is not new (will not get much if sold)

sa la vi (sp?)

Renegade 13 April 23rd, 2004 02:22 AM

Re: What Do You Mean I Can\'t!
 
C'est la vie (such is life)

Kamog April 23rd, 2004 07:26 AM

Re: What Do You Mean I Can\'t!
 
Well, paying more taxes each year might be a good thing if you're paying more because you're earning more. Or maybe they just raised the taxes, that's bad...

Jack Simth April 23rd, 2004 09:03 AM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Atrocities:
"I want to speak to a Klingon Translator immediately!"
<font size="2" face="sans-serif, arial, verdana">Don't ask for one - translators who speak Klingon exist. I've seen one. I don't think you REALLY want to try the forms in Klingonese.

mottlee April 23rd, 2004 06:42 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Kamog:
Well, paying more taxes each year might be a good thing if you're paying more because you're earning more.
Yes


Or maybe they just raised the taxes, that's bad...

<font size="2" face="sans-serif, arial, verdana">Yes

AMF April 23rd, 2004 06:49 PM

Re: What Do You Mean I Can\'t!
 
You'd be amazed at how useful a good accountant can be. Odds are, they could take the same information and file a 1040 with Sked-A for you and get you lots of money back. I used to do my own taxes, until three years ago a friend convinced me to use her accountant and since then every single year I've gotten money back. Some of it very significant. It's nice. And accountants don't charge too much, usually it's a fixed fee. I strongly reccomend one, especially if you've got any sort of assets - like a house...


EDIT: some truly horrendous spelling mistakes.

Quote:

Originally posted by Loser:
</font><blockquote><font size="1" face="sans-serif, arial, verdana">quote:</font><hr /><font size="2" face="sans-serif, arial, verdana">Originally posted by Kamog:
I've never prepared my own tax return because I find the process incomprehensible. http://forum.shrapnelgames.com/images/icons/blush.gif

<font size="2" face="sans-serif, arial, verdana">I don't know how many times I've stopped a roommate from going to some tax place.

"Hold on, what have you got there. W2s and... nothing else. Ookaay, sit down. We've got you a 1040EZ and the direction. No, we're going to do these. It's not going to be that hard, it won't take as long as driving to the mall, and next year you can do them yourself."

Of course, this is my first year as a homeowner and landlord, so I'll be having a professional look into it. Next time it'll jsut be me, of course.

But really, if all you've got to deal with is a W2 and a 1040EZ (assuming you're in the U.S., which Kamog might not be, I don't recall), then there's little reason not to tackle it yourself.
</font><hr /></blockquote><font size="2" face="sans-serif, arial, verdana">

[ April 23, 2004, 17:50: Message edited by: alarikf ]

Krsqk April 23rd, 2004 10:37 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by alarikf:
...since then every single year I've gotten money back. Some of it very significant. It's nice.
<font size="2" face="sans-serif, arial, verdana">If you're getting a lot back, you might want to consider claiming more exemptions on your W-4. The government can't earn as much on your money for you as you can. http://forum.shrapnelgames.com/images/icons/icon7.gif

Wardad April 23rd, 2004 11:26 PM

Re: What Do You Mean I Can\'t!
 
Maybe an accountant can save you money.
Turbo-tax and I do a good enough job. I really doubt the accountant will save me his $320 fee.

Atrocities April 25th, 2004 05:01 AM

Re: What Do You Mean I Can\'t!
 
I am a firm believer that your tax rate should be based upon a percentage of your income. The more you make the more you pay. The less you make the less you pay. Right now the lower income people, me, pay 90% of the nations tax while rick SOB's like Bill Gates and such pay less in tax than a coctail waitress. (Predeiums, right offs, expenses, etc)

The rich always complain that people are trying to take their money away, well to them I say walk a meter in my shoes and see how the RICK steal from us.

No I would support any legislation that would make the rich pay more because it is only fair. Think of it this way...

A person earning 25k a year (Poverty level) pays 30% of that income into Federal income tax. They also pay sales, property, auto, and tax on just about everything else they buy. so the true tax rate is closer to 32% of their income.)

A person earning 250k a year pays 2.5% in tax.

The rich get to keep a greater percentage of their income while the greater percentage of the poors wages are taken in tax. This means the poor are burdoned with a greater tax than the rich and no matter how hard they work, they can never get ahead.

The rich get richer and the poor poorer. And the truly sad thing is NO ONE wants to do anything about it because those who have the power to change the rules are the rich.

So we poor slaves of economic unviable are condemed to rot our lives away slaving in a dead end job with no real hope of ever truly being economically able to aford our financial freedom.

While the Rich go play golf and yache around the world, we will continue to get up at 5 a.m. and drive to our dead end low paying jobs where we will work until we are too old to do so and then be forced to retire and live on a scrap of change every month because the money we spent a life time saving is worthless having been out paced by infalation and economic costs.

No I would not shed one tear for those rich SOB's. Make them PAY the Tax after all it has historically been the poor who have died in this countries wars and who's blood has throughout history paid the morgage on their way of life.

General Woundwort April 25th, 2004 12:31 PM

Re: What Do You Mean I Can\'t!
 
The Last time I checked the forms, what with decreasing percentages and Earned Income Tax Credits, those under $15,000 don't pay a heckuva lot in federal taxes. Not being a large corporation owner, I'll pass on the other bit, but I can say that from talking to my friends, the tax code is stacked against married dual income middle-class families. I know plenty of my married friends who still calculate and file separate 1040s to save money.

So here's a radical idea - everybody pays the same percentage, no deductions or other calculations besides x% of total income recieved. That's fair, isn't it?

Here's a really radical idea - abolish the income tax and go to a national sales tax. After all, the Founding Fathers left out a national income tax from the Constitution (it got added in later, of course, look up the 16th amendment) - and my guess is they did that on purpose.

Krsqk April 25th, 2004 07:17 PM

Re: What Do You Mean I Can\'t!
 
Quote:

I am a firm believer that your tax rate should be based upon a percentage of your income. The more you make the more you pay. The less you make the less you pay. Right now the lower income people, me, pay 90% of the nations tax while rick SOB's like Bill Gates and such pay less in tax than a coctail waitress. (Predeiums, right offs, expenses, etc)
<font size="2" face="sans-serif, arial, verdana">There's the simple way to do this (although our unemployment figures would skyrocket because the IRS and the accounting industries would dissolve overnight): the 1040-Postcard form. Fill in gross income, multiply by .125 (or some other suitable figure), there's the tax bill. Subtract what you've already paid; there's the tax owed (or the refund). No deductions, no shelters, no anything.

Just curious, AT, where did you get your figures from (the $25k/30%, $250k/2.5%)?

Quote:

Not being a large corporation owner, I'll pass on the other bit, but I can say that from talking to my friends, the tax code is stacked against married dual income middle-class families.
<font size="2" face="sans-serif, arial, verdana">The tax code is stacked against corporations. Any corporation not filed under subchapter S (small businesses) pays taxes on the total corporate profits. The profits then go to the owner, who pays taxes again on the same money--double taxation.

The tax code is also stacked against married couples--specifically, dual-income/no kids families (DINK). My wife and I individually are in a reasonably low tax bracket, but when our incomes are combined, the tax rate jumps drastically. We have "underpaid" by more than $1,000 each year since we've been married, just because the combined income is at a higher percentage. Sure, if we had six kids and paid $5,000 in primary mortgage interest each year and hit the maximum allowance in medical expenses and Schedule A itemization was actually a worthwhile use of my time, we might get some money back; but then I'm just spending $15-20k more a year and saving $1,500 in taxes. http://forum.shrapnelgames.com/image...s/rolleyes.gif Sounds like a great system to me. http://forum.shrapnelgames.com/images/icons/icon8.gif
Quote:

Here's a really radical idea - abolish the income tax and go to a national sales tax. After all, the Founding Fathers left out a national income tax from the Constitution (it got added in later, of course, look up the 16th amendment) - and my guess is they did that on purpose.
<font size="2" face="sans-serif, arial, verdana">Originally, it seems states were taxed based on their population, and the states made it up from their people. Of course, that was when the states actually had representation in the Federal government (states elected senators). That would typically prevent things like arbitrarily declaring residence in, say, New York because most the voting bloc aligns with your political viewpoint and you don't know what you'd do if you didn't have some political office from which to prepare to run for Presidentess *koff koff* um President. http://forum.shrapnelgames.com/images/icons/icon7.gif

Atrocities April 26th, 2004 12:02 AM

Re: What Do You Mean I Can\'t!
 
Well said both of you.

I agree 100%

I don't recall the web page I read that had those figures. I should have posted a link. I will do so in the future.

[ April 25, 2004, 23:03: Message edited by: Atrocities ]

Gandalf_greypilgrim April 26th, 2004 12:20 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Loser:
</font><blockquote><font size="1" face="sans-serif, arial, verdana">quote:</font><hr /><font size="2" face="sans-serif, arial, verdana">Originally posted by Kamog:
I've never prepared my own tax return because I find the process incomprehensible. http://forum.shrapnelgames.com/images/icons/blush.gif

<font size="2" face="sans-serif, arial, verdana">I don't know how many times I've stopped a roommate from going to some tax place.

"Hold on, what have you got there. W2s and... nothing else. Ookaay, sit down. We've got you a 1040EZ and the direction. No, we're going to do these. It's not going to be that hard, it won't take as long as driving to the mall, and next year you can do them yourself."

Of course, this is my first year as a homeowner and landlord, so I'll be having a professional look into it. Next time it'll jsut be me, of course.

But really, if all you've got to deal with is a W2 and a 1040EZ (assuming you're in the U.S., which Kamog might not be, I don't recall), then there's little reason not to tackle it yourself.
</font><hr /></blockquote><font size="2" face="sans-serif, arial, verdana">Just be greatful you don't live in Quebec! I filed my taxes a month ago, and in this crappy province you have to pay income taxes to the federal and provincial, and thus, I have to file twice, once to the provincial and once to the federal, it's a nightmare!

dogscoff April 26th, 2004 12:30 PM

Re: What Do You Mean I Can\'t!
 
http://www.dogscoff.co.uk/images/Kan...e_Portrait.gif Eat the rich.

[ April 26, 2004, 11:31: Message edited by: dogscoff ]

primitive April 26th, 2004 12:49 PM

Re: What Do You Mean I Can\'t!
 
Lucky me who live in a civilized country that have discovered the magic of computers.

Did my taxes yesterday, and it took me a whopping 2 minutes. For the Last 3-4 years the government have sent out prefilled declarations. Check the numbers, log on to the net, make amendments (which is unnecessary for 90 % of the population), confirm. Life is good http://forum.shrapnelgames.com/images/icons/icon12.gif

Fyron April 26th, 2004 09:56 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Just curious, AT, where did you get your figures from (the $25k/30%, $250k/2.5%)?
<font size="2" face="sans-serif, arial, verdana">Most likely his butt. That, or some political pundit pulled them out of his butt and AT is just reiterating them. Those earning $250k pay a LOT more than 30% of their income in taxes. It is just those that earn in the millions that can hire those really high priced accountants that can scam their taxes to avoid paying most of them... but there are very few such people, so it is not really that big of a loss...

[ April 26, 2004, 20:56: Message edited by: Imperator Fyron ]

narf poit chez BOOM April 26th, 2004 10:06 PM

Re: What Do You Mean I Can\'t!
 
Gee, nothing like being nice and polite, eh Fyron?

Cyrien April 27th, 2004 04:32 AM

Re: What Do You Mean I Can\'t!
 
Intersting you should mention those wealthy few that can exlude themselves Fyron.

As of 1995, Federal Reserve research found that the wealth of the top one percent of Americans is greater than that of the bottom 95 percent. Three years earlier, the Fed's Survey of Consumer Finance found that the top one percent had wealth greater than the bottom 90 percent.

Imagine if those top 1% actually paid their taxes instead of having access to all the nice tax shelters that they can artificially construct.

Why it might even be...

The United Nations Development Program (UNDP) reported in 1998 that the world's 225 richest people now have a combined wealth of $1 trillion. That's equal to the combined annual income of the world's 2.5 billion poorests people.

UNDP calculates that an annual 4 percent levy on the world's 225 most well-to-do people (average 1998 wealth: $4.5 billion) would suffice to provide the following essentials for all those in developing countries: adequate food, safe water and sanitation, basic education, basic health care and reproductive health care. At present, 160 of those individuals live in OECD countries; 60 reside in the United States.

The wealth of the three most well-to-do individuals now exceeds the combined GDP of the 48 least developed countries.


Just some food for thought. And remember just because it is a few people that can exlude themselves doesn't mean it is just a little money you are talking about.

[ April 27, 2004, 03:39: Message edited by: Cyrien ]

Atrocities April 27th, 2004 04:38 AM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Imperator Fyron:
</font><blockquote><font size="1" face="sans-serif, arial, verdana">quote:</font><hr /><font size="2" face="sans-serif, arial, verdana"> Just curious, AT, where did you get your figures from (the $25k/30%, $250k/2.5%)?
<font size="2" face="sans-serif, arial, verdana">Most likely his butt. That, or some political pundit pulled them out of his butt and AT is just reiterating them. Those earning $250k pay a LOT more than 30% of their income in taxes. It is just those that earn in the millions that can hire those really high priced accountants that can scam their taxes to avoid paying most of them... but there are very few such people, so it is not really that big of a loss... </font><hr /></blockquote><font size="2" face="sans-serif, arial, verdana">Now now fyron. Time to step away from the key board and come down. It is my fault for not posting the link to the site that I read these figures from. I am bad, and I have angered you. That is understandable. But lets try and keep things civil and on the polite side of the fence. http://forum.shrapnelgames.com/images/icons/icon7.gif Thanks. http://forum.shrapnelgames.com/images/icons/icon7.gif

Kamog April 27th, 2004 06:25 AM

Re: What Do You Mean I Can\'t!
 
Wonder how much % taxes Bill Gates pays... is it really low or really high? His wealth alone must exceed the GDP of quite a few poor countries.

Fyron April 27th, 2004 07:14 AM

Re: What Do You Mean I Can\'t!
 
Quote:

Just some food for thought. And remember just because it is a few people that can exlude themselves doesn't mean it is just a little money you are talking about.
<font size="2" face="sans-serif, arial, verdana">I was more refering to those worth millions, rather than those worth billions. It only takes 40 people making $25k a year to equal one person making $1m. There are a few orders of magnitude greater than 40 people making that $25k per each person making $1m. In this light, the people in the millions not paying much taxes due to loopholes are just a drop in the ocean.

An interesting, but unrelated, read on the history of taxes in the US.

Renegade April 27th, 2004 10:44 AM

Re: What Do You Mean I Can\'t!
 
I don't understand the anger directed at the rich.
Really it isn't that important because it will never change. It is how the economics of the world have always been. 95% of the population are poor and do the dieing, labor, and day to day grind that the 5% rich do not have to do.

I agree with that tax reform is needed and that those who make less pay more and that is not right.

Cyrien April 27th, 2004 05:16 PM

Re: What Do You Mean I Can\'t!
 
Microsoft CEO Bill Gates has more wealth than the bottom 45 percent of American households combined.

My concern with the rich is exactly your statement and the false reasoning behind it. It hasn't always been like that. Sure the wealthy have always controled a greater percentage, but when you get to the really high percentages (like now) bad things tend to happen historically. Ever heard of the great depression? It wasn't a stock market crash that caused it. A leading cause was extreme unequal wealth distribution. Eventually people working can't afford to buy what they make the big wealthy cut back in production to save costs on reduced sells you get into a feed back loop and it crashes around your head. Most of the people with millions break under the strain the poor get poorer and the extreme rich... are mostly unaffected. Then something extreme has to come out to remedy the situation such as WW2. Causing large numbers of paychecks without the ability to spend it all right away and reduced supply until the end when big savings and new production enable purchasing which jump starts the production economy.

Now after the Last Great Depression most nations put in protections to help prevent it from recurring. But nothing is failsafe. Those just make it harder not impossible.

We need to becareful of emerging trends before the situation becomes entirely untenable.

Business Week reports that in 1999 top executives earned 419 times the average wage of a blue-collar worker, up from 326:1 in 1998. In 1980, the ratio was 42:1.

You telling me those exectuvies in 1999 are doing that much more work in comparison to 1980 counterparts? The people burned by Enron and friends would probably disagree.

In 1973, the income of the top 20 percent of American families was 7.5 times that of the bottom 20 percent. By 1996, it was 13 times.

In 1998, weekly wages were 12 percent lower than in 1973 on an inflation-adjusted basis. Productivity rose 33 percent over that period. Had pay kept pace with productivity, the average hourly wage would now be $18.10, rather than $12.77. That translates into a difference in annual pay of $11,000 for a full-time, year-round worker.

Many keep afloat with the credit game. That game doesn't Last forever and in the end you have to pay the piper. Heard of how Fords workers could afford to buy their own cars? Kinda misleading since they could only do it on credit. Few could afford a car on anything but credit. Sound familiar?

Between 1983 and 1995, the bottom 40 percent of households lost 80 percent of their net worth. The middle fifth lost 11 percent. By 1995, 18.5 percent of households had zero or negative net worth (an average -$5,600, down from -$3,000 in 1983).

By 1995, the middle quintile of income-earners had only enough savings to maintain their current standard of living for 1.2 months (i.e., if they lost their jobs). That's down from 3.6 months in 1989.

Household debt as a percentage of personal income rose from 58 percent in 1973 to an estimated 85 percent in 1997.

From 1983-1995 only the top five percent of households saw an increase in their net worth while only the top 20 percent experienced an increase in their income.


It isn't the wealthy being wealthier. I have no problem with those with millions or multi-millions of dollars. It is the people with billions who can afford to buy out whole countries and what they represent as a historical trend that concern me.

I am not in favor of taking from the rich and giving to the poor but I am in favor of a ballanced sustainable economy. I thing which I feel we do not possess today.

I believe in the equal opportunity for every individual to become unequal if they put in the effort and others don't.

At present, 3 billion people live on less than $2 per day while 1.3 billion get by on less than $1 per day. Seventy percent of those living on less than $1 per day are women. With global population expanding 80 million per year, World Bank President James D. Wolfensohn cautions that, unless we address "the challenge of inclusion," 30 years hence we will have 5 billion people living on less than $2 per day.

Two billion people worldwide now suffer from anemia, including 55 million in industrial countries. Given current trends in population growth and prosperity-hoarding, three decades from now we could have a world in which 3.7 billion people are anemic.

The combined net worth of the Forbes 400 was $738 billion on September 1, 1998. That's up from $624 billion in 1997. That's an average one-year increase of $285 million per person. That works out to $780,000 per day or $32,500 per hour ($541 per second).

Atrocities April 27th, 2004 05:50 PM

Re: What Do You Mean I Can\'t!
 
These are frightening statistics to be sure.

The issue now is that most familys cannot aford the expense of today. They must spend more time working, and more of the money they earn is taken out in tax (Thank you Bill Clinton) than before.

Oh sure Bush reduced some tax, but he increased other taxes to compensate so really there was no tax cut.

The effect of parents working more hours directly reflects the growing problem we see in youth crime these days. And society, namely the rich, blame crime on the poor, well no duh...

When your poor, and both parents are both working two jobs each to support the house hold and stay in food, you can bet your sweet arse that the kids are going to be effected. This goes without saying.

The wealth bell curve is no longer a bell curve. It is now only a matter of time before people both here in the US as well as else where, begin to demand changes. However if history is any guide, nothing will ever come of it until someone starts blowing crap up. God help us all when that happens. In the mean time we will just have to endure the rising cost of comodities, the increase in crime, the decrease in free time, and the increased presure of a stagnate and suffocating economy that despite claims, is NOT improving.

Well not improving the job market that is unless you want to flip burgers for $7.13 an hour 80 hours a week.

Atrocities April 27th, 2004 05:54 PM

Re: What Do You Mean I Can\'t!
 
Just for the record, when I worked a lot of OT it was actually counter productive as I paid the additional Tax on my wages. Thanks to Bill Clintons tax increase which taxed wages over your norm at a greater percentage, working OT became far more expensive for people like me to work and we saw far less profit for our work. I made less money in the later part of the 90's than I did in the on set of the 90's, and I worked more and was paid a higher wage. Figure that one out.

(On the plus side, the tax increase did help to improve the deficate and that is a small price to pay. But now all that money and work has gone to pot and I fear what Kerry will do to correct the problem.)

And for the record, this was not pulled out of my butt. I have the tax paper and check stubs to prove it. http://forum.shrapnelgames.com/images/icons/icon9.gif

[ April 27, 2004, 16:56: Message edited by: Atrocities ]

rextorres April 27th, 2004 07:58 PM

Re: What Do You Mean I Can\'t!
 
Actually it sounds like you simply went up to a higher tax bracket or you got hit with the AMT. Unless of course you made over $100,000 then you yes you should blame Clinton for your higher tax.

Anyway as far as taxes/revenues go:

- The government should not run outrageous deficits

it is simply a tax on the future because we and our children will have to pay back what is borrowed plus the interest

- Social Security taxes should not be used to pay for non-social security items.

I don't know why it was OK for Bush to give an income tax cut that went mostly to people making over $200,000 and use the money collected to pay for social security to pay for this tax cut.

[ April 27, 2004, 19:00: Message edited by: rextorres ]

Atrocities April 27th, 2004 08:08 PM

Re: What Do You Mean I Can\'t!
 
Yes and no.

Yes working OT will put you into a higher tax bracket at the end of the year but any money earned above your normal wage was taxed at something like 40%. I do not recall sepcifically, but it was a significant amount.

Add that to the higher tax bracket at the end of the year and the incentive for working OT was erased and working OT became a penalty rather than an assest.

rextorres April 27th, 2004 08:32 PM

Re: What Do You Mean I Can\'t!
 
Umm . . . I'm not going to explain why your overtime was taxed at a higher rate.

The important thing, though, is when you sent in your tax return. On line 22 of the 1040 is your total gross income regardless of how you got it. Your tax rate is based on this income minus deductions which is line 39. On the EZ it would be line 4 and 6.

You may have have had money deducted at a higher rate throughout the year but the tax rate on your tax form is what you should be looking at. Not what was deducted from your pay check.

Anyway that's the whole point of filing tax returns. What's deducted from a paycheck is not necessarily what we should be paying in taxes.

[ April 27, 2004, 19:44: Message edited by: rextorres ]

Krsqk April 28th, 2004 04:06 AM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by rextorres:
Anyway that's the whole point of filing tax returns. What's deducted from a paycheck is not necessarily what we should be paying in taxes.
<font size="2" face="sans-serif, arial, verdana">Which is a valid argument for returning to the pre-WWII state of "pay lump sum at the end of the year" method:
1) You understand exactly how much you're paying.
2) Taxes have to drop dramatically due to popular demand.
Unforunately, in today's culture:
1) People would not save money for their tax bill--gotta keep up with the neighbors, dontcha?
2) People would complain about the lack of government services due to decreased tax income.

Quote from Fyron's tax history link:
Quote:

Reductions in exemption levels meant that taxpayers with taxable incomes of only $500 faced a bottom tax rate of 23 percent, while taxpayers with incomes over $1 million faced a top rate of 94 percent. These tax changes increased federal receipts from $8.7 billion in 1941 to $45.2 billion in 1945. Even with an economy stimulated by war-time production, federal taxes as a share of GDP grew from 7.6 percent in 1941 to 20.4 percent in 1945. Beyond the rates and revenues, however, another aspect about the income tax that changed was the increase in the number of income taxpayers from 4 million in 1939 to 43 million in 1945.
<font size="2" face="sans-serif, arial, verdana">Now that's insane. Let's not give any incentive to improve your life or anything. http://forum.shrapnelgames.com/image...s/rolleyes.gif 94%?!?!? That's not even including any state or local taxes.

Atrocities April 28th, 2004 04:12 AM

Re: What Do You Mean I Can\'t!
 
never mind

[ April 28, 2004, 05:43: Message edited by: Atrocities ]

rextorres April 28th, 2004 06:02 AM

Re: What Do You Mean I Can\'t!
 
Nevermind.

[ April 28, 2004, 07:04: Message edited by: rextorres ]

Atrocities April 28th, 2004 06:42 AM

Re: What Do You Mean I Can\'t!
 
If I anger you, you take the internet too seriously.

[ April 28, 2004, 05:51: Message edited by: Atrocities ]

Wardad April 28th, 2004 05:35 PM

Re: What Do You Mean I Can\'t!
 
I haven't look at the US numbers this year so I'll stick with hypothetical examples:

10% tax on first 20,000
15% tax on next 20,000
20% on next 20,000


So on 40K, the tax rate averages out to 12.5%
Work a lot of overtime and make 60K, average tax 15%

This is just hypothetical, the actual tax rate and break points are different.

Wardad May 8th, 2004 06:32 PM

Re: What Do You Mean I Can\'t!
 
Isn't this amazing?


TAXES


Accounts Receivable Tax

Building Permit Tax

Capital Gains Tax

CDL license Tax

Cigarette Tax

Corporate Income Tax

Court Fines
(indirect taxes)

Dog License Tax

Federal Income Tax

Federal Unemployment Tax
(FUTA)

Fishing License Tax

Food License Tax

Fuel permit tax

Gasoline Tax
(42 cents per gallon)

Hunting License Tax

Inheritance Tax Interest expense
(tax on the money)

Inventory tax IRS Interest Charges
(tax on top of tax)

IRS Penalties
(tax on top of tax)

Liquor Tax

Local Income Tax

Luxury Taxes

Marriage License Tax

Medicare Tax

Property Tax

Real Estate Tax

Septic Permit Tax

Service Charge Taxes

Social Security Tax

Road Usage Taxes
(Truckers)
!
Sales Taxes

Recreational Vehicle Tax

Road Toll Booth Taxes

School Tax

State Income Tax

State Unemployment Tax
(SUTA)

Telephone federal excise tax

Telephone federal universal service fee tax

Telephone federal, state and
local surcharge taxes

Telephone minimum usage surcharge tax

Telephone recurring and non-recurring charges tax

Telephone state and local tax

Telephone usage charge tax

Toll Bridge Taxes

Toll Tunnel Taxes

Traffic Fines
(indirect taxation)

Trailer registration tax

Utility Taxes

Vehicle License Registration Tax

Vehicle Sales Tax

Watercraft registration Tax

Well Permit Tax

Workers Compensation Tax

COMMENTS:
Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids.

What happened???

Renegade 13 May 8th, 2004 08:13 PM

Re: What Do You Mean I Can\'t!
 
Quote:

Originally posted by Wardad:
COMMENTS:
Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids.

What happened???

<font size="2" face="sans-serif, arial, verdana">Two World Wars happened, and lots of other, smaller wars.

Atrocities May 8th, 2004 10:09 PM

Re: What Do You Mean I Can\'t!
 
I am still angered over the fact that I could not claim the population of my empire as dependents. http://forum.shrapnelgames.com/images/icons/icon9.gif

Atrocities March 2nd, 2005 10:59 PM

Re: What Do You Mean I Can\'t!
 
Once again I am refused!

I am told that I cannot declare my 95.5 Billion Klingon subjects on my tax return?"

I can't even right off the cost of research, colonization, ship construction or declare the ships I lost in the Cardassian wars!

What kind of nonsense is this?

I spent 6 hours on this 1040 ez form. EZ my ***. http://forum.shrapnelgames.com/images/smilies/mad.gif

I want to speak to a Klingon Translator immediately! Warriors should not have to fill out these things! Just give me money!


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