Proof that at least SOME of the GOP are racist

quote:

I don't know the answer to that.

How many jobs are offered to an African American instead of a white person?

How often is an African American paid more than a white person?

I don't have the answers to those questions? Maybe the fact that the African American community came out to vote for Obama in some way signifies that things are slowly changing? Maybe if they had more opportunities, there would be less of them on assistance?

You don't know the answer? How many jobs are offered to African Americans instead of whites? Most of them thanks to the unfair practices of Affirmitive Action. Pay? The same as a white person. You know there'd be lawsuits and marching in the streets if not, and rightly so. How many more "opportunities" do you think people need? Now then, you say obama's skin is black and that's why he calls himself a black person? LOL!! Why do you even use the term African American? Who goes around calling themselves German-American? Irish-American etc? Very few do that. Most people are happy to just call themselves Americans. Again, if you want to root out racism you can start in your own party. Once you clean your own house you can tell others what to do with theirs.

quote:

Originally posted by b50m:

quote:

Originally posted by TrueBlue:

quote:

Originally posted by b50m:
You are part of that greedy corporate America, correct? Do you voluntarily pay more than that 14% of taxes you managed to create with those loopholes in the system?

Ah...NO...I am not. I don't make near enough to buy a $10,000.00 work of Art, have it appraised for $50,000.00, donate it to a museum and take a $50,000.00 write off on my taxes. I have SMALL BUSINESS and I am ethical. My prices are fair, my employees are paid well and most of the money I make goes back into my businesses. I might be upper middle class but still in the bottom 80%. I don't have the excess money to buy myself loopholes or arrange large tax deductions. I pay more than my fair share. But my accountants do give me 4 quarterly tax payment coupons for the following year when they do my yearly return. I have really good accountants who handle some very big companies in the area. Its standard practice with them.

Again with the art work, who cares about that? It's a scam. Drop it.

So you don't pay for insurance. Are your employees more full time or more part time? You said you paid 14%, is that more than your fair share? Do you fall into Obamas $250,000 rich level?

Again, I am no where in the range of the top 20% of earners in the USA. I wouldn't qualify as RICH. Maybe I am mid to upper middle class and I work my butt off. I don't make enough to look for loopholes in the tax system. This year, I paid about 23%, about the average for the middle class.

You have to remember that it is the BUSH TAX cuts that allow them to pay just 14%. Without them they would be paying their fair share of about 31-35% even with all their loopholes.

If I did make enough to be in the 14% range I would be willing to pay more. And this is why:

My objective is to have customers who can afford my products. I know to have those customers they need excess income to buy my products. Therefore, I want the middle class to grow. The more product I can sell, the more jobs I can create and that puts more income into the economy to buy more. The more people working with disposable income, the more products I will sell and that will grow my business.

The last time the middle class saw growth was in the late 1950s when the tax rate on the top 20% was around 57%. They still took advantage of loopholes to reduce that 57% but by expanding their businesses they were able to reduce it even more. Because if your money is working for you and your investing it that lowers your tax rate too. And thats what they did. They opened more businesses and that grew the economy and the middle class. With more people working the government collects more taxes. So basically the government makes up for the break they give on the investment income. But this is stopped. We have handed out so many tax breaks to the wealthy that there really isn't any incentive to lower their taxes via investments. The middle class has stopped growing. America has stopped taking chances and now were going backwards.

Sure, this is simplistic and there are a lot of other factors to consider, but its the foundation of the problems.

quote:

Originally posted by beternU:
That ditzy California dingbat said "...at the time I received and forwarded the email, I didn't stop to think about the historic implications and other examples of how this could be offensive."

No one that dense and clueless should occupy any responsible position in any political party or governmental office.

No amount of dredging up Democratic racism from the 40s or 50s or even more recently will neutralize that. Her remarks should be examined for what SHE said, not for what anyone else of any party has said or done in the past. We all know both major parties have produced persons who have said racist things, but the subject matter here is the stupid racist utterances of a particular person. Playing the "So's yer old man" game gets so-o-o-o old and boring on this forum.

_____________________________________________

Exert from the 1963 Alabama Governor Inaugural address;
"segregation now, segregation tomorrow, segegation forever.
George Wallace(Democrat)

Keep Marching,
Skippy

quote:

Originally posted by TrueBlue:
I pay more than my fair share. But my accountants do give me 4 quarterly tax payment coupons for the following year when they do my yearly return. I have really good accountants who handle some very big companies in the area. Its standard practice with them.

Whooaaaa!! there pard'nr.... You just told us today you paid a rate of 14%....I got news for you, if you are upper middle class, and you only PAID 14%, you darned sure ain't paying yo' fair share, cause I am in the same class and I paid a helluva lot more than 14%. I don't know any of the people I work with or hang out with who do what you are implicating, which in an of itself sounds like an urban legend, and none of them can even come close to a 14% tax rate. Please let us in on your accountants, because we are using a tax attorney locally and she will tell you pretty quick you are under paying if you are only paying 14%, unless you got some pretty fancy number juggling.

True Blue, I don't think you have a clue what you actually pay. You have spouted several different figures out here. You admit you have employees and don't offer them insurances, I guess it is OK to let the governmnet do that for you though, huh? Then it is OK to divide that money amongst your upper level management, heck let's just call that a bonus. The more you say, the bigger hypocrite you become.

quote:

Originally posted by Jennifer:

quote:

I don't know the answer to that.

How many jobs are offered to an African American instead of a white person?

How often is an African American paid more than a white person?

I don't have the answers to those questions? Maybe the fact that the African American community came out to vote for Obama in some way signifies that things are slowly changing? Maybe if they had more opportunities, there would be less of them on assistance?

You don't know the answer? How many jobs are offered to African Americans instead of whites? Most of them thanks to the unfair practices of Affirmitive Action. Pay? The same as a white person. You know there'd be lawsuits and marching in the streets if not, and rightly so. How many more "opportunities" do you think people need? Now then, you say obama's skin is black and that's why he calls himself a black person? LOL!! Why do you even use the term African American? Who goes around calling themselves German-American? Irish-American etc? Very few do that. Most people are happy to just call themselves Americans. Again, if you want to root out racism you can start in your own party. Once you clean your own house you can tell others what to do with theirs.

REALLY?? MOST OF THEM?? Then I assume whites are a minority at your company? Thats funny...I don't see more African Americans than whites at the Mall, at restaurants, at car dealerships, working at WalMart, working on Wall Street, and I rarely ever see and African American CEO. I don't know where all these affirmative action jobs are. Affirmative Action Laws require SOME companies to hire a few minorities. They are in place BECAUSE white people are given preference in hiring. Your argument proves MY point.

And I use the term African American because it is POLITE. Do you call Hispanics BROWN?

quote:

Originally posted by teyates:

quote:

Originally posted by TrueBlue:
I pay more than my fair share. But my accountants do give me 4 quarterly tax payment coupons for the following year when they do my yearly return. I have really good accountants who handle some very big companies in the area. Its standard practice with them.

PLEASE SHOW ME WHERE I SAID "I" PAID 14%? Cut and paste will work nicely.

Whooaaaa!! there pard'nr.... You just told us today you paid a rate of 14%....I got news for you, if you are upper middle class, and you only PAID 14%, you darned sure ain't paying yo' fair share, cause I am in the same class and I paid a helluva lot more than 14%. I don't know any of the people I work with or hang out with who do what you are implicating, which in an of itself sounds like an urban legend, and none of them can even come close to a 14% tax rate. Please let us in on your accountants, because we are using a tax attorney locally and she will tell you pretty quick you are under paying if you are only paying 14%, unless you got some pretty fancy number juggling.

PLEASE SHOW ME WHERE I SAID "I" PAID 14%? Cut and paste will work nicely.

I NEVER SAID THAT. I said wealthy people do. I am not in the upper 20% of the population. But I was an accountant for a while.

Okay......I WILL CUT AN PASTE.

Originally posted by b50m:
You are part of that greedy corporate America, correct? Do you voluntarily pay more than that 14% of taxes you managed to create with those loopholes in the system?


Ah...NO...I am not. I don't make near enough to buy a $10,000.00 work of Art, have it appraised for $50,000.00, donate it to a museum and take a $50,000.00 write off on my taxes. I have SMALL BUSINESS and I am ethical. My prices are fair, my employees are paid well and most of the money I make goes back into my businesses. I might be upper middle class but still in the bottom 80%. I don't have the excess money to buy myself loopholes or arrange large tax deductions. I pay more than my fair share. But my accountants do give me 4 quarterly tax payment coupons for the following year when they do my yearly return. I have really good accountants who handle some very big companies in the area. Its standard practice with them.

Well it is obvious then why you are not still an accountant.

You should actually READ the posts before you make accusations.

TrueBlue
Small Talker
Picture of TrueBlue

Posted 18 April 2011 01:13 PM Hide Post
There is a difference between the rate you are tazed at and the rate you pay. Most everyone in the 32-35% bracket will not pay more than 14%. They will not make quarterly estimated tax payments in excess of 14%. If you are in a 25% bracket you will most likely pay about 19-21%. Thats the difference. I can break that down and show you how if you have all day.

quote:

Originally posted by teyates:
Well it is obvious then why you are not still an accountant.

I would still bet I do better than you.

quote:

And I use the term African American because it is POLITE. Do you call Hispanics BROWN?

So how is 'teabaggers' polite?

Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

quote:

Originally posted by b50m:
TrueBlue
Small Talker
Picture of TrueBlue

Posted 18 April 2011 01:13 PM Hide Post
There is a difference between the rate you are tazed at and the rate you pay. Most everyone in the 32-35% bracket will not pay more than 14%. They will not make quarterly estimated tax payments in excess of 14%. If you are in a 25% bracket you will most likely pay about 19-21%. Thats the difference. I can break that down and show you how if you have all day.

OKAY....AND WHERE IN THERE DOES IT SAY "I" PAY 14%?????

I think it says if your in the 32-35% bracket they wont make quarterly estimated tax payments in excess of 14%.

That doesn't say ANYTHING ABOUT ME. My exact statement was that I paid about 23% this year. About the average middle class rate.

Did Faux News program ya'll for this selective reading/hearing problem you have?

And yes in another thread you alluded to the fact that you were well off and did not pay the printed rate of 37% on your taxes, accusing the rich of getting by on 14%. If you did not say that you paid 14% then I mistook what you said, but I assure you that if I were to classify myself and what I make to those I work with and hang out with, I would be considered rich (blessed is a btter word), and I for ****ed sure pay more than 14%. Any day you wanna compare tax returns just let me know where to meet you at, perhaps I can use some of your fancy number crunching to lower my rates.

quote:

Originally posted by TrueBlue:

quote:

Originally posted by Jennifer:

quote:

I don't know the answer to that.

How many jobs are offered to an African American instead of a white person?

How often is an African American paid more than a white person?

I don't have the answers to those questions? Maybe the fact that the African American community came out to vote for Obama in some way signifies that things are slowly changing? Maybe if they had more opportunities, there would be less of them on assistance?

You don't know the answer? How many jobs are offered to African Americans instead of whites? Most of them thanks to the unfair practices of Affirmitive Action. Pay? The same as a white person. You know there'd be lawsuits and marching in the streets if not, and rightly so. How many more "opportunities" do you think people need? Now then, you say obama's skin is black and that's why he calls himself a black person? LOL!! Why do you even use the term African American? Who goes around calling themselves German-American? Irish-American etc? Very few do that. Most people are happy to just call themselves Americans. Again, if you want to root out racism you can start in your own party. Once you clean your own house you can tell others what to do with theirs.

REALLY?? MOST OF THEM?? Then I assume whites are a minority at your company? Thats funny...I don't see more African Americans than whites at the Mall, at restaurants, at car dealerships, working at WalMart, working on Wall Street, and I rarely ever see and African American CEO. I don't know where all these affirmative action jobs are. Affirmative Action Laws require SOME companies to hire a few minorities. They are in place BECAUSE white people are given preference in hiring. Your argument proves MY point.

And I use the term African American because it is POLITE. Do you call Hispanics BROWN?

If you don't see blacks at these places you must be a shut-in. Again it goes back to the percentage of Americans that are white, black, and "other". What pray tell is not polite about the word "black"? Even black people refer to themselves and other blacks that way. Obama calls himself black even though he is as much white as black. You are out of your league. You want so badly to come across as PC but you don't actually know how to do that. I'm beginning to be embarrassed for you.

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

$106,888 is the 2011 cut off for Social Security payments. You will not pay any on anything above that. You pay 6.2% up to $106,888 thats NOT PROGRESSIVE, its a flat rate. But you pay 0 on $106.888.01 and above.

If you paid 12.4% in SS payments on $106,000.00 you have paid too much. If you reduced from 33.7% (25% bracket, 6.2% SS and 1.5% Medicare) to 12.4% you must have a hell of a lot of deductions. About $60-80,000 in deductions! Please.


2011 tax rates
Tax rate Single filers Married filing
jointly or qualifying
widow/widower Married filing
separately Head of
household
10% Up to $8,500 Up to $17,000 Up to $8,500 Up to $12,150
15% $8,501 - $34,500 $17,001 - $69,000 $8,501- $34,500 $12,151 - $46,250
25% $34,501 - $83,600 $69,001 - $139,350 $34,501 - $69,675 $46,251 - $119,400
28% $83,601 - $174,400 $139,351 - $212,300 $69,676 - $106,150 $119,401 - $193,350
33% $174,401 - $379,150 $212,301 - $379,150 $106,151 - $189,575 $193,351 - $379,150
35% $379,151 or more $379,151 or more $189,576 or more $379,151 or more


Read more: 2011 tax bracket rates http://www.bankrate.com/financ...s.aspx#ixzz1K5tqVzYk

NO, if you are self employed you pay 12.4% (not 6.2) on the first 106K. That is what I sed. You sed, they pay nothing, which is a plain lie. 12.4% of $106K is a heck of lot compared to what most pay, and considering in all likelihood we will never get it back.

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

"NO Social Security is paid by those making MORE than $106,800". Okay, I can see where that may have confused you. I should have been more clear. But honestly, I don't know if you meant you paid 12.4 in SS or in taxes, but either way....you should have that checked again. Your SS SHOULD HAVE BEEN A FLAT 6.2% THE OTHER 6.2% IS YOUR EMPLOYERS CONTRIBUTION AND THAT COMES OFF THEIR TAXES. I may be confused but your ATM shouldn't have anything to do with you SS payment either.

quote:

Originally posted by teyates:
And yes in another thread you alluded to the fact that you were well off and did not pay the printed rate of 37% on your taxes, accusing the rich of getting by on 14%. If you did not say that you paid 14% then I mistook what you said, but I assure you that if I were to classify myself and what I make to those I work with and hang out with, I would be considered rich (blessed is a btter word), and I for ****ed sure pay more than 14%. Any day you wanna compare tax returns just let me know where to meet you at, perhaps I can use some of your fancy number crunching to lower my rates.

I'm sorry if I gave you the impression I was wealthy. I do better than I had ever hoped to do but I am NOT in the top 20% of earners to date. Just to make that clear. It was never my intent to give you that impression and I did give specifics as to what percentage in taxes I "paid" in a later post.

quote:

Originally posted by TrueBlue:

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

"NO Social Security is paid by those making MORE than $106,800". Okay, I can see where that may have confused you. I should have been more clear. But honestly, I don't know if you meant you paid 12.4 in SS or in taxes, but either way....you should have that checked again. Your SS SHOULD HAVE BEEN A FLAT 6.2% THE OTHER 6.2% IS YOUR EMPLOYERS CONTRIBUTION AND THAT COMES OFF THEIR TAXES. I may be confused but your ATM shouldn't have anything to do with you SS payment either.

Taxes are taxes,....but I paid 12.4%. The first 6.2% is for SS, the other 6.2% is self employment tax, for a total of 12.4%. After the first 106K, the self employment tax continues on, so you pay 6.2% of all the rest above that, on top of the tax rate, which in my case was 37%.
Now, back to your premise, you made a statement that NO tax was paid by those making over $106K, and I am correcting you. That is BS. For those of us who are actually self employed we pay a helluva lot more than NOTHING. As I said, youdon't know what you are talking about.

When you are self employed there is no one else to pay that other little 6.2% you seem to have forgotten about.
And yes, AMT taxes may not have anything to do with SS, but they still come out of my pocketbook. When they were instituted they only affected about 115 families, now that number is closer to 40,000,000.

quote:

Originally posted by Jennifer:

quote:

Originally posted by TrueBlue:

quote:

Originally posted by Jennifer:

quote:

I don't know the answer to that.

How many jobs are offered to an African American instead of a white person?

How often is an African American paid more than a white person?

I don't have the answers to those questions? Maybe the fact that the African American community came out to vote for Obama in some way signifies that things are slowly changing? Maybe if they had more opportunities, there would be less of them on assistance?

You don't know the answer? How many jobs are offered to African Americans instead of whites? Most of them thanks to the unfair practices of Affirmitive Action. Pay? The same as a white person. You know there'd be lawsuits and marching in the streets if not, and rightly so. How many more "opportunities" do you think people need? Now then, you say obama's skin is black and that's why he calls himself a black person? LOL!! Why do you even use the term African American? Who goes around calling themselves German-American? Irish-American etc? Very few do that. Most people are happy to just call themselves Americans. Again, if you want to root out racism you can start in your own party. Once you clean your own house you can tell others what to do with theirs.

REALLY?? MOST OF THEM?? Then I assume whites are a minority at your company? Thats funny...I don't see more African Americans than whites at the Mall, at restaurants, at car dealerships, working at WalMart, working on Wall Street, and I rarely ever see and African American CEO. I don't know where all these affirmative action jobs are. Affirmative Action Laws require SOME companies to hire a few minorities. They are in place BECAUSE white people are given preference in hiring. Your argument proves MY point.

And I use the term African American because it is POLITE. Do you call Hispanics BROWN?

If you don't see blacks at these places you must be a shut-in. Again it goes back to the percentage of Americans that are white, black, and "other". What pray tell is not polite about the word "black"? Even black people refer to themselves and other blacks that way. Obama calls himself black even though he is as much white as black. You are out of your league. You want so badly to come across as PC but you don't actually know how to do that. I'm beginning to be embarrassed for you.

If your theory was correct, explain the unemployment rate of "black people" in comparison to "white people". If their are FEWER blacks than whites, WHY ARE THEIR MORE UNEMPLOYED blacks than whites? You would think, with Affirmative Action HANDING them so many jobs, that their unemployment rate would be a lot less that whites? If there are fewer "blacks" WHY are there more than twice as many unemployed "blacks" than whites? HISTORICALLY.

http://www.infoplease.com/ipa/A0104716.html

Your embarassing yourself!!!

quote:

If your theory was correct, explain the unemployment rate of "black people" in comparison to "white people". If their are FEWER blacks than whites, WHY ARE THEIR MORE UNEMPLOYED blacks than whites? You would think, with Affirmative Action HANDING them so many jobs, that their unemployment rate would be a lot less that whites? If there are fewer "blacks" WHY are there more than twice as many unemployed "blacks" than whites? HISTORICALLY.

You're going to pretend you don't know? Really? I mean seriously you're going to act like you have no idea? Typical dumbed down/blind/in denial democrat.

There is story of a group of seagulls who lived in Gulfport. Everyday the shrimp boats would come in and throw the scraps to the birds. They never had to go anywhere to catch food. This went on for years. The birds were fat and healthy. In 1969 when Camille hit the shrimping industry was devastated. It took years for them to recover. In the meantime, that groups of birds basically died out. They had forgot how to fish or fend for themselves. They did not know they had to fly out to the gulf to catch food. It took a new generation of gulls to move in and replace those who could not and would not care for themselves.
To be honest the same thing happened in New Orleans during Katrina, but it was people. People expected someone to roll in and take care of them, but the help was delayed. In the few days that it took to get help in there, these people could not even take care of themselves. Mayem insued. I have been to central America and seen people who live in conditions worse than what was going on there, every day. These people have not had handouts, but darned sure need some help of some type, but they will be the first to tell you that they know how to work and feed themselves. They do not depend on someone else to do it for them.
We have bred, thru entitlements and monthly checks, a people who cannot take care of themselves, black, white, red, whatever color you choose. They live for the first of the month, waiting on the check, and they will not work at hard labor because it is too hard for them or beneath them. Like the birds, when the storm comes, these people are going to die out because there is going to be no one to take care of them, and they cannot take care of themselves. The storm clouds are here.

quote:

Originally posted by teyates:

quote:

Originally posted by TrueBlue:

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:

quote:

Originally posted by teyates:
Oh really, lets look at this little misnomer from another thread...
True Blue sez "
By the way Teyates, were you aware that NO SOCIAL SECURITY OR MEDICARE is paid by those making more than $106,800.00 per year? Considering so much of our Social Security and Medicare payments have been "borrowed" who would you say is getting screwed in that scenerio?"


Well when I did my taxes this year I paid 12.4% of my earning on the first $106K that I made. Of course I did not on the money above that, BUT a little thing like the Alternative Minimum Tax and a few other little tidbits made up for it.
You don't have a clue what you are talking about.

"NO Social Security is paid by those making MORE than $106,800". Okay, I can see where that may have confused you. I should have been more clear. But honestly, I don't know if you meant you paid 12.4 in SS or in taxes, but either way....you should have that checked again. Your SS SHOULD HAVE BEEN A FLAT 6.2% THE OTHER 6.2% IS YOUR EMPLOYERS CONTRIBUTION AND THAT COMES OFF THEIR TAXES. I may be confused but your ATM shouldn't have anything to do with you SS payment either.

Taxes are taxes,....but I paid 12.4%. The first 6.2% is for SS, the other 6.2% is self employment tax, for a total of 12.4%. After the first 106K, the self employment tax continues on, so you pay 6.2% of all the rest above that, on top of the tax rate, which in my case was 37%.
Now, back to your premise, you made a statement that NO tax was paid by those making over $106K, and I am correcting you. That is BS. For those of us who are actually self employed we pay a helluva lot more than NOTHING. As I said, youdon't know what you are talking about.

Okay, now I think I understand what your saying. You will only pay SS on income up to $106,800. There is NO social security paid on anything above that. You could make 60 billion but your only going to pay SS on $106,800 and nothing above that.

http://ssa.gov/pubs/10003.html

Duh!!!. yeah, you pay it on the first $106K, you don't get by without paying anything, on top of that if you are self employed you pay another 6.3% on the rest, just to punish you for being productive.

BTW, if you are making $60B, you ain't got to worry about SS. You probably won't be getting it anyways, and if you did the amount you get wouldn't pay the service charge at the bank.

quote:

Originally posted by Jennifer:

quote:

If your theory was correct, explain the unemployment rate of "black people" in comparison to "white people". If their are FEWER blacks than whites, WHY ARE THEIR MORE UNEMPLOYED blacks than whites? You would think, with Affirmative Action HANDING them so many jobs, that their unemployment rate would be a lot less that whites? If there are fewer "blacks" WHY are there more than twice as many unemployed "blacks" than whites? HISTORICALLY.

You're going to pretend you don't know? Really? I mean seriously you're going to act like you have no idea? Typical dumbed down/blind/in denial democrat.

Your making an ass out of yourself. I KNOW the answer....YOUR WRONG. I asked you to explain YOUR theory. YOU SAID Affimative Action gives "blacks" jobs and relative to the percentage of blacks in the population, they have more jobs than whites. I asked you to explain then why the unemployment rates of blacks (who are fewer in number) is so much higher than the unemployment rate of whites?


Here is the answer for you from the Bureau of Labor Statistics. The unemployment rate of whites is 9.3%, the unemployment rate of blacks is 16.6%.

http://www.bls.gov/news.release/empsit.t02.htm

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The self-employment tax in the United States is currently set at 15.30% which is the equivalent of the combined contributions of the employee and employer under the FICA tax. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare. The social security portion of the self-employment tax only applies to the first $106,800 of income for the 2009 tax year. There is no limit to the amount that is taxable under the 2.9% Medicare portion of the self-employment tax.

Half of the hypothetical self-employment tax is allowed as a deduction against self-employment income so only 92.35% of the self-employment income is taxable at 15.30%, an effective tax rate of about 14.13%. However, this benefit disappears if self-employment income exceeds $105,577, since the entire applicable amount of $97,500 will be taxed at 15.30%.

For 2011, you will pay 4.2 percent and your employer will pay Social Security taxes of 6.2 percent on the first $106,800 of your covered wages. You each also pay Medicare taxes of 1.45 percent on all your wages - no limit. If you are self-employed, your Social Security tax rate is 10.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion.

http://www.bankrate.com/calcul...-tax-calculator.aspx

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Originally posted by teyates:
Taxes are taxes,....but I paid 12.4%. The first 6.2% is for SS, the other 6.2% is self employment tax, for a total of 12.4%. After the first 106K, the self employment tax continues on, so you pay 6.2% of all the rest above that, on top of the tax rate, which in my case was 37%.
Now, back to your premise, you made a statement that NO tax was paid by those making over $106K, and I am correcting you. That is BS. For those of us who are actually self employed we pay a helluva lot more than NOTHING. As I said, youdon't know what you are talking about.

Your so-called "self-employment tax" consists of two parts: Social Security and Medicare. Social Security is 12.4% on the first $106,800 (maximum $13,243.20), and Medicare is 2.9% on ALL income.

Your maximum self-employment tax would be $13,243.20 + 2.9% of taxable income.

Dec 20 2010
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. The tax is composed of a Social Security tax of 12.4% on the first $106,800 of net self-employment income (for 2009 through 2011), and a Medicare tax of 2.9% on all net self-employment income.

Self Employment Tax Reduction for 2011 Only
For the year 2011 only, the self-employment tax is reduced. Self-employment persons will pay Social Security tax of 10.4% on the net self-employment income up to the Social Security wage base of $106,800, and the same 2.9% Medicare tax on their total self-employment income. Self-employed persons will take a deduction for the 6.2% employer's share of Social Security along with 1.45% employer's share of Medicare as an above-the-line deduction.

http://taxes.about.com/od/sole...f-employment-tax.htm

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Originally posted by teyates:
There is story of a group of seagulls who lived in Gulfport. Everyday the shrimp boats would come in and throw the scraps to the birds. They never had to go anywhere to catch food. This went on for years. The birds were fat and healthy. In 1969 when Camille hit the shrimping industry was devastated. It took years for them to recover. In the meantime, that groups of birds basically died out. They had forgot how to fish or fend for themselves. They did not know they had to fly out to the gulf to catch food. It took a new generation of gulls to move in and replace those who could not and would not care for themselves.
To be honest the same thing happened in New Orleans during Katrina, but it was people. People expected someone to roll in and take care of them, but the help was delayed. In the few days that it took to get help in there, these people could not even take care of themselves. Mayem insued. I have been to central America and seen people who live in conditions worse than what was going on there, every day. These people have not had handouts, but darned sure need some help of some type, but they will be the first to tell you that they know how to work and feed themselves. They do not depend on someone else to do it for them.
We have bred, thru entitlements and monthly checks, a people who cannot take care of themselves, black, white, red, whatever color you choose. They live for the first of the month, waiting on the check, and they will not work at hard labor because it is too hard for them or beneath them. Like the birds, when the storm comes, these people are going to die out because there is going to be no one to take care of them, and they cannot take care of themselves. The storm clouds are here.

If you have land, a mule, a plow, a supply of seeds, and a way to feed yourself until your crop comes in, you might make it. If you have a sharp axe, a way to sharpen it when it gets dull, and 20 acres of woodland for firewood, you'll probably be OK. If you know how to hunt, fish, and trap -- and 100 square miles to do it it in, then chances are good you will have some modicum of comfort. If out of all those things you can develop a desirable product for trade or sale, then you are approaching self-sufficiency.

If you don't have all those things, then you are a seagull. Where would you find all those things in the middle of New Orleans after a Category 5 hurricane? Does anybody still know how, living for generations in a modern city?

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Originally posted by ferrellj:

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Originally posted by O No!:
I've let this ride all day. The reason I posted this was to show that although SOME people don't like Obama because of his policies, there are many who dislike him because he is black. I firmly believe that if he balanced the budget, eliminated the deficit, got unemployment down to 0 percent, and cut taxes on top of it all, there are people who would still hate him, and all because he is black.

O, he's only half black. I'm guessing his birth certificate says he's white.

If Obama accomplished the items in your citation above, it would NOT be necessary to hold the election...both parties would nominate him and he would get another four years by acclamation...

Heck, if he did that, we could change the constitution and left him run for 8 more.

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Originally posted by The Propagandist:
If you don't have all those things, then you are a seagull. Where would you find all those things in the middle of New Orleans after a Category 5 hurricane? Does anybody still know how, living for generations [on welfare] in a modern city?

I was in New Orleans last weekend. The people with incentive are busy working and rebuilding, the people on welfare are still on welfare.

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Originally posted by Winston Niles Rumfoord:

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Originally posted by The Propagandist:
If you don't have all those things, then you are a seagull. Where would you find all those things in the middle of New Orleans after a Category 5 hurricane? Does anybody still know how, living for generations [on welfare] in a modern city?

I was in New Orleans last weekend. The people with incentive are busy working and rebuilding, the people on welfare are still on welfare.

What do hookers rebuild? Your self-esteem?

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Here is the answer for you from the Bureau of Labor Statistics. The unemployment rate of whites is 9.3%, the unemployment rate of blacks is 16.6%.

And yet you still pretend you don't know why that is. Sheesh!! You're just clueless!!