He tried raising taxes on himself.

Would cutting a check to the treasury do from one person?

even appearing on this bulletin board?

which it does not

one cannot just overpay one's taxes. It's actually more of a pain for the IRS as they HAVE to refund you back the overpayment.

The GOP gave up math long ago.

They don't even do fuzzy math any more, which requires subtle manipulation of the results. It's easier to just use 100% pure ass-numbers.

nm

De Blasio had an income of 165k not 217k as the OP reported and paid 13,700 in federal taxes. My elementary school math makes that a 8.3% effective federal tax rate.

Egypt moved to Iraq!!!

Uh sir...that is Egypt...maybe we should pick on somebody a little weaker?

When I get into discussions that turns to tax policy, I always ask what is your current tax rate?

9 out of 10 Armchair Pundits have no idea.

If you don't know the actual price of something how can you complain that it is too high? And if you don't know how much your rate is different from... say... Paris Hilton's... well, you don't know how bad you're getting ripped off.

That's more than 30% right off the top, not including property tax, sales tax etc. Shouldn't people like him making 200k+ be paying at least as much as the little guy?

I pay a shitload more than 12% to the federal gov't. Not 200K, but more than 100K.

A person whose income comes from a salary has fewer deductions for business expenses than someone that runs a business, for example, so the effective tax rate is lower for the business owner. Of course the person whose income is spent on business expenses ends up "keeping" less of his or her income than a salary earner without those necessary expenses, so at the end of the day it tends to balance out, until you get to the mega-rich, who deal with taxes in an entirely different way.

And you are mixing up "effective tax rate". Effective tax rate is what you pay the federal government. De Blasio had an effective tax rate of 8.3%. His income was $165,000 -- not 217k as you reported and he paid $13715 in federal taxes. That is an effective tax rate of 8.3%. He paid about $25,000 in total taxes when you included all the taxes he paid state and local. But that is not the number that is used when comparing effective tax rates.

http://blogs.wsj.com/metropolis/2014/04/15/mayor-bill-de-blasio-releases-his-tax-returns/

Your link is slow for me but I will go with what you posted.

They showed exactly what I posted originally and then sat there nodding and agreeing with it. That is what I was making fun of.

They must of added his 52k of rental income to his total income of 165k to get 217k. But the 52k is part of the 165k of total income.

They messed this all up but the point is to get the 8.3% in the viewers' heads

$13k paid plus $5,500 to charities rounded up to $19K. 19/165=12%.

He contributed to charities which is the way it is set up to work.

check and laugh OL!!!!

http://urlybits.com/2012/03/fox-news-wants-to-show-you-where-toolooz-is-epic-fail/

He is making 3 times more than me and paying just $6000 more a year in taxes than me. I need to have someone go through all my financials and really tell me where I can make some serious deductions.