Understanding Taxes

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Originally Posted by got crappie

Your right Bob but keep in mind its the same story every four years just someone different. For me I dont care its going to be the same with who ever is in. It would be nice to get someone thats for the people and not their Party.

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Got crappie, it's always the millionaires that complain, we'll keep paying for them.

I'm no millionaire, but I will and do complain about someone that makes less than I do and gets back about $5,000 of it at the end of the year in the form of a tax refund. When I have to pay extra! Flat tax, no bs deductions. Man I love the 1st amendment, I think it's still in effect??

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Originally Posted by mduncan62

Got crappie, it's always the millionaires that complain, we'll keep paying for them.

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Let's keep it friendly guys.

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Originally Posted by Jigging15

Let's keep it civil guys.

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Fixed it for ya. :twocents

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Originally Posted by mduncan62

Got crappie, it's always the millionaires that complain, we'll keep paying for them.

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Thank you, and keep up the good work!!!

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Originally Posted by cwater

I'm no millionaire, but I will and do complain about someone that makes less than I do and gets back about $5,000 of it at the end of the year in the form of a tax refund. When I have to pay extra! Flat tax, no bs deductions. Man I love the 1st amendment, I think it's still in effect??

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People that make less then 14K a year and get a credit, that's who you have a problem with? Not the people making 400K and up that get exemptions and end up paying less then we do?

You could at least look up the qualifying numbers before you get all worked up.

Preview of 2012 Tax Year

Earned Income and adjusted gross income (AGI) must each be less than:

• $45,060 ($50,270 married filing jointly) with three or more qualifying children
• $41,952 ($47,162 married filing jointly) with two qualifying children
• $36,920 ($42,130 married filing jointly) with one qualifying child
• $13,980 ($19,190 married filing jointly) with no qualifying children

Tax Year 2012 maximum credit:

• $5,891 with three or more qualifying children
• $5,236 with two qualifying children
• $3,169 with one qualifying child
• $475 with no qualifying children

Investment income must be $3,200 or less for the year.

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Originally Posted by mduncan62

Not sure what % of taxes you guys pay, but the republican candidate came out to say he paid at least 13% the last several years. I payed 30-40% the last several, and If I made millions I'd have been fine with it. Idiocy runs rampant, and in MO it appears to run 75% or more. Maybe we should keep ignorant posts to the "way off topic" board on crappie.com. Guess bob, fadaan, wolfman and a few others make millions a year and then bitch about paying less then a guy making 18-40K a year.

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30-40%????? Then you need a new accountant or tax preparer.

@wolfman, 30-40 may be inflated a little, but you get the point, hopefully.

I get the point, I'm just ribbing you a little too!! All is good..

It really doesn't matter who gets taxed at what rate. The real problem is way too much spending!!! Period!!!!! It's sad that the people who pay the bills (us) have no real say in where the money goes!!! It is a total absurdity, in my opinion, that any US citizen should have to pay more than 10% of the money they earned!!! Until we get the frivolous spending under control, both sides can point fingers at each other and say they are not doing their part!!!!
Divide and control. Class warfare at its basic level!!!!