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Cryptoad

(8,254 posts)
Mon Feb 1, 2016, 10:15 AM Feb 2016

Sanders to raise income taxes,,,,

on people living in poverty 2.2%. People living in poverty, $0 to $9,275, should not have to pay income tax to start with, much less paying more. Even the GOP would be proud of this tax plan.

Yet all the Bernie Camp deny that his new tax plan even exist. There use to be a time when Democratic Party always took up the fight for the Poor, but no longer it seems.

http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan


116 replies = new reply since forum marked as read
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Sanders to raise income taxes,,,, (Original Post) Cryptoad Feb 2016 OP
What is 2.2 percent of zero? Oh Yeah, ZERO. CBGLuthier Feb 2016 #1
GOP: payless is only for the Rich nt Cryptoad Feb 2016 #16
Right??? These people have no idea what it's like to be poor. beam me up scottie Feb 2016 #92
You don't know how taxes work for people at that level, do you? berni_mccoy Feb 2016 #2
They have no idead tazkcmo Feb 2016 #6
Indeed. Their blinders are so tight bvf Feb 2016 #15
yea, Cryptoad Feb 2016 #17
Did you notice that the site you linked to have almost the identical conclusion for Sanders as rhett o rick Feb 2016 #73
Clinton supporters can't be bothered with that sort of stuff when the are busy with right wing memes LondonReign2 Feb 2016 #114
For the lower middle class, who has to pay a significant chunk Zorra Feb 2016 #65
When did we become republican-lite where taxes are concerned? VulgarPoet Feb 2016 #3
When the Republican-sponsered Third Way infiltrated the Democratic party LondonReign2 Feb 2016 #113
At that level of income... MrChuck Feb 2016 #4
But if it's taken out like FICA, it's not returned all american girl Feb 2016 #14
Even then... MrChuck Feb 2016 #20
So u are saying Cryptoad Feb 2016 #25
That isn't even close. MrChuck Feb 2016 #30
Not my tax plan Cryptoad Feb 2016 #38
What do you care about the poor? You support Hillary. notadmblnd Feb 2016 #83
OH NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!! tazkcmo Feb 2016 #5
Nobody living in poverty,, Cryptoad Feb 2016 #19
And they won't. tazkcmo Feb 2016 #22
Hows about a link to,,, Cryptoad Feb 2016 #27
I'll post a copy of the check. tazkcmo Feb 2016 #28
how do you have a check Cryptoad Feb 2016 #42
Using a Koch Industries funded group as your source? Seriously?... think Feb 2016 #7
I use no analyse just the data of tax increases Cryptoad Feb 2016 #21
You deny existence itself. tazkcmo Feb 2016 #24
Believe as u must Cryptoad Feb 2016 #29
More fake concern. n/t tazkcmo Feb 2016 #32
Denial Cryptoad Feb 2016 #44
Why u no use analyze? DisgustipatedinCA Feb 2016 #62
STRAWMAN. No one is denying the "existance" of Sanders' tax plan. Some question your rhett o rick Feb 2016 #75
kOCH FUNDED GROUP like the DLC Third Way? Ferd Berfel Feb 2016 #77
$204 for the highest ($9275) you claim mymomwasright Feb 2016 #8
People should check their sources before posting! m-lekktor Feb 2016 #12
Meh. tazkcmo Feb 2016 #26
Health Care Cryptoad Feb 2016 #31
Give it up. SammyWinstonJack Feb 2016 #79
Sourcewatch says that Tax Foundation has ties to ALEC m-lekktor Feb 2016 #9
WTF kind of Republican talking point BS is this? pinebox Feb 2016 #10
Oh yea,,,, Cryptoad Feb 2016 #33
Right pinebox Feb 2016 #36
ur ignorance of the poor in Super Red states is profoiund Cryptoad Feb 2016 #46
Before you call someone ignorant, check your typos pinebox Feb 2016 #47
The rule of thumb is that once you call someone "ignorant" you lose all credibility. It wouldn't rhett o rick Feb 2016 #80
U no analyse, we no compare u to GOP,,,you no smart enuf LondonReign2 Feb 2016 #116
WOW Truprogressive85 Feb 2016 #11
Good advice - wash your hands before posting demwing Feb 2016 #13
Well $15.00 an hour is a lot more than $9,275 a year. Kalidurga Feb 2016 #18
Gee Whizz Cryptoad Feb 2016 #34
Well they will get more in return for their investment Kalidurga Feb 2016 #37
Ur compassion Cryptoad Feb 2016 #48
Depends on how many hours you got (nt) Recursion Feb 2016 #53
Recomeded just for the link to the Tax Foundation. Autumn Feb 2016 #23
See my response above pinebox Feb 2016 #39
Yep,,, Cryptoad Feb 2016 #49
Here's the thing. Those living in poverty aren't gong to pay those high taxes, Autumn Feb 2016 #54
What makes you think that that RW sight gives a crap about the poor? Did you read rhett o rick Feb 2016 #84
Republicans claim they're looking out for the poor too. beam me up scottie Feb 2016 #94
I'm going to rec it too, everyone should see what sources HC supporters are citing here. beam me up scottie Feb 2016 #93
And yet they alert on and complain about anyone else who does it. Autumn Feb 2016 #98
Yep, the recs on their right wing threads are always quite illuminating. beam me up scottie Feb 2016 #99
Check out this OP and then look at the recs on this OP we are in Autumn Feb 2016 #104
It's always the same ones, isn't it? beam me up scottie Feb 2016 #105
With OkSustainAg Feb 2016 #35
u going to take credit for Cryptoad Feb 2016 #50
No. OkSustainAg Feb 2016 #71
At that level Old Codger Feb 2016 #40
I just pulled out my 1962 return 1939 Feb 2016 #86
Inflation adjusted Old Codger Feb 2016 #91
I understand inflation adjustment 1939 Feb 2016 #112
FICA taxes Travis_0004 Feb 2016 #101
Not talking about SS Old Codger Feb 2016 #106
Every Single One of The Top 10 Corporate Tax Dodgers Are Donors To Hillary Clinton Ichingcarpenter Feb 2016 #41
Hey ,,,,,, Cryptoad Feb 2016 #52
Hey ,,,,,, Ichingcarpenter Feb 2016 #57
Didn't take long to call bullshit on this HRC scented bullshit. nc4bo Feb 2016 #43
Desperate! artislife Feb 2016 #45
Damn, it's dark in here whatchamacallit Feb 2016 #51
Good thing the standard deduction this year is $9,300. Dodged a bullet there. Ed Suspicious Feb 2016 #55
You just dont get it do you INdemo Feb 2016 #56
Standard deduction is $9300 virtually eliminating owed taxes on the first $9300 of income. Ed Suspicious Feb 2016 #61
Correct INdemo Feb 2016 #64
FICA taxes Travis_0004 Feb 2016 #102
It's a payroll tax not an income tax SickOfTheOnePct Feb 2016 #95
Typical. First, it is a payroll tax not an income tax. Second, Social Security and Medicare taxes kelly1mm Feb 2016 #58
I'm guessing you've never experienced poverty. Half-Century Man Feb 2016 #59
OP is an EPIC FAIL! - NT KingCharlemagne Feb 2016 #60
Sanders to save 90% of American households thousands of dollars on healthcare 99th_Monkey Feb 2016 #63
It's payroll tax SickOfTheOnePct Feb 2016 #96
It pays for your healthcare, which will be much cheaper than what you pay now. 99th_Monkey Feb 2016 #100
I have no problem with the tax SickOfTheOnePct Feb 2016 #108
Cool. n/t 99th_Monkey Feb 2016 #109
What kind of right-wing, anti-tax crap is this??? Isn't this a Democratic board? nt ChisolmTrailDem Feb 2016 #66
TAX AND SPEND DEMOCRATS!!1 frylock Feb 2016 #67
Total distortion---they pay with Hillary's plan also!!!! But get $$$$$$ back under Bernie nt amborin Feb 2016 #68
Why is it so hard for some to understand that they will be paying LESS overall? jillan Feb 2016 #69
ur just trolling us here, ain'tcha sammythecat Feb 2016 #70
After tonight, hell be changing that tune. More taxes oasis Feb 2016 #72
Did you read what that sight has to say about Hillary's tax plan? nm rhett o rick Feb 2016 #85
Krugman's blessing is enough to give me comfort. oasis Feb 2016 #88
I understand if you support the 1%. It used to be that Democrats supported the 99%. rhett o rick Feb 2016 #89
There's no way Krugman actually believed Bernie's plan was oasis Feb 2016 #90
Lions and tigers and bears! H2O Man Feb 2016 #74
You folks really need some fresh material. This stuff is stale and moldy now. arcane1 Feb 2016 #76
They don't and they still won't. notadmblnd Feb 2016 #78
It's a payroll tax, not an income tax n/t SickOfTheOnePct Feb 2016 #97
more disingenuous misleading bullshit, typical hillary nonsense.... bowens43 Feb 2016 #81
It's higher than that jmowreader Feb 2016 #82
$3.92 per week for single payer SickOfTheOnePct Feb 2016 #87
Hah. .. Another Koch fueled bender, eh? Trajan Feb 2016 #103
Your OP is BS and a Republican Talking point INdemo Feb 2016 #107
Would have saved me a lot of money Bradical79 Feb 2016 #110
It will also cause a loss of 6 million jobs Travis_0004 Feb 2016 #111
They did say that Dr. What's-His-Name's Tax Plan would grow the economy. nm rhett o rick Feb 2016 #115

CBGLuthier

(12,723 posts)
1. What is 2.2 percent of zero? Oh Yeah, ZERO.
Mon Feb 1, 2016, 10:18 AM
Feb 2016

I always felt pay less taxes was a republican folly. I guess you Clintonites see things differently. Oh yeah, you are all pragmatic. That's the word. pragmatic.

beam me up scottie

(57,349 posts)
92. Right??? These people have no idea what it's like to be poor.
Mon Feb 1, 2016, 06:39 PM
Feb 2016

They're as out of touch as their candidate.

The Tax Foundation being used as a source on DU?


 

berni_mccoy

(23,018 posts)
2. You don't know how taxes work for people at that level, do you?
Mon Feb 1, 2016, 10:18 AM
Feb 2016

They will have so many tax breaks their taxable income will be far less than what they actually make, so the 2.2% increase will barely be felt by anyone in poverty.

tazkcmo

(7,300 posts)
6. They have no idead
Mon Feb 1, 2016, 10:26 AM
Feb 2016

how anything works for people at that income level. They have theirs and that's all that matters.

 

rhett o rick

(55,981 posts)
73. Did you notice that the site you linked to have almost the identical conclusion for Sanders as
Mon Feb 1, 2016, 04:04 PM
Feb 2016

Clinton? Did you notice that they kinda like Ben Carson's tax plan? Do you know who sponsors that site?

Zorra

(27,670 posts)
65. For the lower middle class, who has to pay a significant chunk
Mon Feb 1, 2016, 12:25 PM
Feb 2016

of their monthly income for Obamacare premiums, as well as for health care that is not covered by insurance because of the high deductibles of their health care plan, these payments are taking away what was once their only expendable income. The payments and out of pocket costs are even driving some into serious debt, even poverty.

The 2.2% tax rate to pay for health care will be a significant savings, a relief, and a blessing.

If Bernie does not win, the middle/lower middle class will be totally fucked even more than we are now.

MrChuck

(279 posts)
4. At that level of income...
Mon Feb 1, 2016, 10:22 AM
Feb 2016

...almost all federal taxes are returned to those earners.
Congratulations on having been lucky enough to never have had to rely on that tax policy.
We LIVE for that refund check every single year.
It's a minute to breathe in a year of living paycheck to paycheck. Some years it represents my only steak dinner, and trust me, I feel very lucky for that.

MrChuck

(279 posts)
20. Even then...
Mon Feb 1, 2016, 10:55 AM
Feb 2016

...2.2% of a small paycheck equals medical coverage including vision and oral care.
+ whatever outlay was being made in any private coverage is nullified.

Why is this so hard to sell? It doesn't dismantle the ACA either. As if President SAnders would say, "OK we're going to repeal Obamacare right now, today and begin the debate on my system tomorrow, so everyone, don't get sick until we have a new plan."

smh

MrChuck

(279 posts)
30. That isn't even close.
Mon Feb 1, 2016, 11:07 AM
Feb 2016

Nice try though. Are you an attorney?

I think I just saw an ambulance.

To directly address your assertion that a poor person would be taxed more heavily under President Sanders I would point out that the central policy positions include not only the advent of single payer, paid for in part by a 2.2% payroll tax, but also a $15.00 minimum wage. That certainly won't end poverty in and of itself but the alternative is to simply not try. Also, she thinks that minimum wage workers only deserve $12/hr. That seems ultra-petty to me.

A piecemeal criticism of the Sanders platform is a decidedly RW way to make an argument.

I have little to say about your candidate until, by some gross miscarriage of universal justice, she might become MY candidate.

Until then, may the best man win.

tazkcmo

(7,300 posts)
5. OH NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!
Mon Feb 1, 2016, 10:25 AM
Feb 2016

"There use to be a time when Democratic Party always took up the fight for the Poor, but no longer it seems." Welfare reform, no single payer and the dreaded Tax!!!. Throw in some spin, flip flopping and 9/11 and you have the GOP.

tazkcmo

(7,300 posts)
22. And they won't.
Mon Feb 1, 2016, 10:56 AM
Feb 2016

You're math skills are lacking. I am in that bracket and will get a refund of all taxes paid. I would be happy to let them keep that if I could be guaranteed health care.

Cryptoad

(8,254 posts)
42. how do you have a check
Mon Feb 1, 2016, 11:19 AM
Feb 2016

from a Tax Code that is not in place at this time? a good trick.. I just want to see the refund data you claim. I haven't seen any !

 

think

(11,641 posts)
7. Using a Koch Industries funded group as your source? Seriously?...
Mon Feb 1, 2016, 10:27 AM
Feb 2016
Tax Foundation

~snip~

Ties to the American Legislative Exchange Council

The Tax Foundation's President, Scott A. Hodge, participated in the 2011 American Legislative Exchange Council (ALEC) Annual Meeting, speaking on the "Corporate Taxes and International Competitiveness Panel" in front of the Tax and Fiscal Policy Task Force, and the Foundation's Vice President of Legal and State Projects, Joe Henchman, introduced the "Resolution Urging Congress to Cut the Federal Corporate Tax Rate" model policy at the same meeting.[2]...

~snip~

Board of Directors

On its website the Tax Foundation lists its board of directors, as of March 2009, as being:[3]
Dr. Wayne Gable (Chairman), Koch Charitable Foundations
James W. Lintott (Treasurer), Sterling Foundation Management LLC
The Honorable Bill Archer, PriceWaterhouseCoopers LLP
Dr. R. Glenn Hubbard, Columbia Business School
David P. Lewis, Eli Lilly and Company
Scott A. Hodge (Secretary, Ex-Officio), Tax Foundation

http://www.sourcewatch.org/index.php?title=Tax_Foundation

Cryptoad

(8,254 posts)
21. I use no analyse just the data of tax increases
Mon Feb 1, 2016, 10:55 AM
Feb 2016

Bernie tax plan is all over the internet, so u deny it existence too?

tazkcmo

(7,300 posts)
24. You deny existence itself.
Mon Feb 1, 2016, 10:59 AM
Feb 2016

I believe you're concern is for your own tax increase as opposed to us little people that you could give two shits about as exemplified by your support for a 1% candidate that supported "welfare reform", for profit prisons, more war, $12 is enough for Proles and No We Can't Health Care.

 

rhett o rick

(55,981 posts)
75. STRAWMAN. No one is denying the "existance" of Sanders' tax plan. Some question your
Mon Feb 1, 2016, 04:10 PM
Feb 2016

referring to what appears to be a right wing or libertarian sight and only point out their analysis of Sanders' tax plan.

Their conclusions for both Sanders and Clinton are almost word for word the same. They did mention that Ben Carson's plan will grow the economy while both Clinton and Sanders plans would reduce the economy.

Are you a supporter of that sight?

Ferd Berfel

(3,687 posts)
77. kOCH FUNDED GROUP like the DLC Third Way?
Mon Feb 1, 2016, 04:12 PM
Feb 2016
http://www.democrats.com/node/7789

"... But the Kochs have been working both sides of the fence. As Bill Berkowitz writes, the Koch brothers have also been funding the Democratic Leadership Council. "

mymomwasright

(298 posts)
8. $204 for the highest ($9275) you claim
Mon Feb 1, 2016, 10:31 AM
Feb 2016

Is that before or after deductions? Would it be better to be better to go with the current "We can't serve you, wait on the curb" or "No we can't" system for healthcare?

This organization is not reliable according to "Clinton cheerleader": US economist Paul Krugman has characterised the Tax Foundation as "not a reliable source"

https://en.wikipedia.org/wiki/Tax_Foundation]

tazkcmo

(7,300 posts)
26. Meh.
Mon Feb 1, 2016, 11:02 AM
Feb 2016

If it supports their lies it's all good! Love the concern for the working poor being exhibited while supporting 1% policies.

m-lekktor

(3,675 posts)
9. Sourcewatch says that Tax Foundation has ties to ALEC
Mon Feb 1, 2016, 10:32 AM
Feb 2016
Ties to the American Legislative Exchange Council

The Tax Foundation's President, Scott A. Hodge, participated in the 2011 American Legislative Exchange Council (ALEC) Annual Meeting, speaking on the "Corporate Taxes and International Competitiveness Panel" in front of the Tax and Fiscal Policy Task Force, and the Foundation's Vice President of Legal and State Projects, Joe Henchman, introduced the "Resolution Urging Congress to Cut the Federal Corporate Tax Rate" model policy at the same meeting


http://www.sourcewatch.org/index.php/Tax_Foundation
 

pinebox

(5,761 posts)
10. WTF kind of Republican talking point BS is this?
Mon Feb 1, 2016, 10:35 AM
Feb 2016

Quit the lies and spin.

It isn't hard to understand that people will save a SHIT TON of cash because they will be dumping their health care insurance premiums.

You are using the EXACT DAMN TALKING POINT REPUBLICANS USED AGAINST THE ACA.
Full stop. Period. Quit the BS.
Did you forget "Obamacare is a tax hike" talking points?

/reality

 

pinebox

(5,761 posts)
36. Right
Mon Feb 1, 2016, 11:15 AM
Feb 2016

Because everybody qualifies for stuff, especially in red states who didn't expand medicaid. Right? Right.
Again, you are using the exact same talking points as Paul Ryan.
http://www.politifact.com/truth-o-meter/statements/2012/oct/02/paul-ryan/paul-ryan-says-dozen-obamacare-taxes-hit-middle-cl/

My, how familiar you sound.

Cryptoad

(8,254 posts)
46. ur ignorance of the poor in Super Red states is profoiund
Mon Feb 1, 2016, 11:25 AM
Feb 2016

I live in one, and poor have no health insurance premiums. now u want them to pay more taxes? hah,, and u compare me to the GOP?

 

pinebox

(5,761 posts)
47. Before you call someone ignorant, check your typos
Mon Feb 1, 2016, 11:28 AM
Feb 2016

I'm just saying.

Right because it's only the poor? Do you understand what the coverage gap is?
Here's you're debunking. http://kff.org/health-reform/issue-brief/the-coverage-gap-uninsured-poor-adults-in-states-that-do-not-expand-medicaid-an-update/


The Coverage Gap: Uninsured Poor Adults in States that Do Not Expand Medicaid – An Updatehttp://kff.org/health-reform/issue-brief/the-coverage-gap-uninsured-poor-adults-in-states-that-do-not-expand-medicaid-an-update/



Now who's ignorant?
Next.

 

rhett o rick

(55,981 posts)
80. The rule of thumb is that once you call someone "ignorant" you lose all credibility. It wouldn't
Mon Feb 1, 2016, 04:16 PM
Feb 2016

be necessary if you had a strong argument. You say "the poor have no health insurance premiums". Sadly that's mostly because they have no insurance. I volunteer working at a foodbank and am familiar with the poor and working poor. I ask some if they take advantage of the ACA and they tell me they can't afford it.

LondonReign2

(5,213 posts)
116. U no analyse, we no compare u to GOP,,,you no smart enuf
Tue Feb 2, 2016, 11:11 AM
Feb 2016

Embarrassing right wing bullshit spewed freely on DU, but it's OK if you support Hillary apparently.

 

demwing

(16,916 posts)
13. Good advice - wash your hands before posting
Mon Feb 1, 2016, 10:42 AM
Feb 2016

Especially right after you get done pulling talking points out of an elephant's ass.

It's just unsanitary...

Cryptoad

(8,254 posts)
34. Gee Whizz
Mon Feb 1, 2016, 11:12 AM
Feb 2016

if there is not going to be any poor people any more why bother with a tax increase for them. Brilliant!

Kalidurga

(14,177 posts)
37. Well they will get more in return for their investment
Mon Feb 1, 2016, 11:16 AM
Feb 2016

and seriously no one is going to be working for that little bit unless it's part time and people making that little will be eligible for many entitlements.

Cryptoad

(8,254 posts)
48. Ur compassion
Mon Feb 1, 2016, 11:29 AM
Feb 2016

is overwhelming....one hand you say there will be no poor , but the other says if there is it is a good investment for them . Yep those Po folks always looking for good investment opps.. geeeeez

Autumn

(45,106 posts)
23. Recomeded just for the link to the Tax Foundation.
Mon Feb 1, 2016, 10:58 AM
Feb 2016

Desperation, There was a time when Democrats didn't use RW talking points from conservative think tanks to deny healthcare to the poor.

Cryptoad

(8,254 posts)
49. Yep,,,
Mon Feb 1, 2016, 11:31 AM
Feb 2016

being concerned about people living in poverty having to pay taxes has always been a GOP talking point....... geeez

Autumn

(45,106 posts)
54. Here's the thing. Those living in poverty aren't gong to pay those high taxes,
Mon Feb 1, 2016, 11:38 AM
Feb 2016

Democrats are too smart to swallow that line of bullshit. We fucking know better. What those living in poverty will get is better healthcare. The elderly and disabled will never have to worry about their SS being on the bargaining table. Just those two things sound like a fucking win to me.

 

rhett o rick

(55,981 posts)
84. What makes you think that that RW sight gives a crap about the poor? Did you read
Mon Feb 1, 2016, 04:22 PM
Feb 2016

what they said about Ben Carson's tax plan?

I am tickled that that sight doesn't like Sanders' plan.

beam me up scottie

(57,349 posts)
93. I'm going to rec it too, everyone should see what sources HC supporters are citing here.
Mon Feb 1, 2016, 06:43 PM
Feb 2016

And who else is rec'ing this right wing garbage.


beam me up scottie

(57,349 posts)
105. It's always the same ones, isn't it?
Mon Feb 1, 2016, 07:55 PM
Feb 2016

Many also rec'd the anti-Semitic article from tomatobubble and the hit piece on Jane from FreeBeacon.

Such hypocrisy.

OkSustainAg

(203 posts)
35. With
Mon Feb 1, 2016, 11:12 AM
Feb 2016

My property tax- I buy public education for for my children.
Paying sales tax - Supports my community.
With income tax - I want public healthcare and good infrastructure, good environment. I want to stop paying to fight in endless wars.
with the taxes I pay I want to buy our civilization.

OkSustainAg

(203 posts)
71. No.
Mon Feb 1, 2016, 01:46 PM
Feb 2016

But I do this. Movements are about many people agree on the same thing. Everyone agrees or disagrees. I don't take credit for brain surgery but I agree with it and support it. I am not afraid of taxes. I fear the hurt that comes to our country for not doing it.

 

Old Codger

(4,205 posts)
40. At that level
Mon Feb 1, 2016, 11:17 AM
Feb 2016

You don't even have to file a return, and if you actually did have some withholding you file and get every cent back... if you have children you get all of that back plus an earned income credit...

1939

(1,683 posts)
86. I just pulled out my 1962 return
Mon Feb 1, 2016, 04:24 PM
Feb 2016

Although JFK was president, we were still under the Eisenhower tax rates (the ones brought down from the top of the mountain on wax tablets).

I made $2,667.00 in Adjusted Gross Income.

I took a 10% standard deduction.

I got $1,800.00 in personal exemptions (me, wife, and small baby @ $600 each)

This left me with $600.00 in Taxable Income.

I paid $120.00 at the lowest 20% rate.

Next year, the JFK tax cuts took effect and I paid less.

 

Old Codger

(4,205 posts)
91. Inflation adjusted
Mon Feb 1, 2016, 06:36 PM
Feb 2016

That is equal to $7,671.41 in 2015. I was alive and working also in those years... and remember taxes for those years... Quite a bit different now you would not have to even file on it today only to get anything that had been withheld refunded plus an earned income credit of around 500 ... you would owe nothing at all and if nothing had been withheld you would still get the earned income credit refunded to you.

1939

(1,683 posts)
112. I understand inflation adjustment
Tue Feb 2, 2016, 10:56 AM
Feb 2016

But what if we still had the Eisenhower tax codes in place with no changes over the years? What would i have paid on the $7,671.41 in 2015?

 

Travis_0004

(5,417 posts)
101. FICA taxes
Mon Feb 1, 2016, 07:28 PM
Feb 2016

The rate goes up 2.2% more, you pay 2.2% more. You don't get a dime back, there is no refund.

 

Old Codger

(4,205 posts)
106. Not talking about SS
Mon Feb 1, 2016, 08:03 PM
Feb 2016

You are correct there but what I was referring to was regular income taxes not FICA.

If you earn $7,000 in 2015 and they withhold normal income taxes and are married with one child you would get all of the income taxes withheld, never get any refund of FICA unless you go over the cap and they are supposed to stop withholding at 118,000 or so... so at the $7000.00 level you would pay whatever is normal for FICA but "income" taxes withheld would be refunded entirely and you would get around 500 earned income credit also..or if nothing was with held you can still file and get the earned income credit...if no earned income credit due to you a married couple $20,600 (both spouses)under that not required to file.

Ichingcarpenter

(36,988 posts)
41. Every Single One of The Top 10 Corporate Tax Dodgers Are Donors To Hillary Clinton
Mon Feb 1, 2016, 11:18 AM
Feb 2016

Every Single One of The Top 10 Corporate Tax Dodgers Are Donors To Hillary Clinton

Bernie Sanders is leveraging the increasing attention his campaign is getting to call out major corporations for shirking their tax responsibilities. In a press release issued Friday, Sanders “pledged to close tax loopholes like a law that lets profitable corporations exploit offshore tax havens to avoid paying U.S. income taxes.”

Some Paid Zero Federal Taxes Despite Huge Profits
Sanders published a list of the top ten “corporate tax dodgers,” among which are some, like General Electric, Boeing and Verizon, that paid no federal income taxes at all between 2008 and 2013, despite racking up huge corporate profits.

Sanders enumerates a tough five point platform to make corporations pay their fair share in federal taxes. These include shutting down corporate inversions, ending tax deferrals on profits of offshore subsidiaries, and making sure companies can’t just claim to be foreign by establishing a P.O. box in the Cayman Islands or other tax haven. (He also wants to end tax subsidies for fossil fuel companies.)

So that’s what a President Sanders would do, if given the chance. How about a President Hillary Clinton?

Well, not so much. It turns out that all top ten corporations on Sanders’ list also have strong ties to Hillary Clinton, often benefitting from her official positions while donating to her campaign or the Clinton Foundation or giving her huge speaking fees. Here’s the Sanders list of tax-dodging companies — and their connections to Hillary Clinton.

more

http://www.francescarheannon.com/2016/01/every-single-one-of-top-10-corporate.html?m=1

nc4bo

(17,651 posts)
43. Didn't take long to call bullshit on this HRC scented bullshit.
Mon Feb 1, 2016, 11:19 AM
Feb 2016

The janitorial services zooms in to clear it right out.



INdemo

(6,994 posts)
56. You just dont get it do you
Mon Feb 1, 2016, 11:44 AM
Feb 2016

People makiing $9,275,will probably not pay any taxes including the healthcare tax but if they did and be able to have healthcare and no healthcare premiums their tax bill per month would be $17.0004 per month.
But minimum wage earners and down would probably not have tax.
The income example you gave is not even a minimum wage earner. So nice try with the Republican talking point.

That would be very cheap health Insurance even at that amount..A person with that income would be on Medicaid,
again nice try..but it wont fly

Ed Suspicious

(8,879 posts)
61. Standard deduction is $9300 virtually eliminating owed taxes on the first $9300 of income.
Mon Feb 1, 2016, 12:07 PM
Feb 2016

Funny how things all work out sometimes.

kelly1mm

(4,733 posts)
58. Typical. First, it is a payroll tax not an income tax. Second, Social Security and Medicare taxes
Mon Feb 1, 2016, 11:49 AM
Feb 2016

are funded the same exact way - through payroll taxes. Should we eliminate those as well? Were the supporters of those programs picking on the poor?

Third, many of those who this effects qualify for the earned income tax credit which is designed (at least for those without dependents) to offset payroll tax deductions.

You, like your candidate have a veracity problem ......

Half-Century Man

(5,279 posts)
59. I'm guessing you've never experienced poverty.
Mon Feb 1, 2016, 11:54 AM
Feb 2016

I'm just basing that on your lack of knowledge of taxation at that level.

FWIW. For twenty plus years I made around what is now the median wage. My production increased 9 fold, not my compensation. At the time it was a bit above the US median wage. I paid 33% tax. I got some of it back usually, but not always. My buying power went down each year. I dealt with it.
People pay taxes. They have for thousands of years. It is how humanity funds civilization.
To me, it make sense that those who reap the greatest returns from our collective civilization should pay the largest percentage in taxes.

In the spirit of full disclosed; I am currently on full disability, for which I paid 30+ years of disability insurance. That's what it used to be called; Social Security Insurance/Disability Insurance.

 

99th_Monkey

(19,326 posts)
63. Sanders to save 90% of American households thousands of dollars on healthcare
Mon Feb 1, 2016, 12:12 PM
Feb 2016

and NO one making < $250,000 a year will pay more in taxes.

 

99th_Monkey

(19,326 posts)
100. It pays for your healthcare, which will be much cheaper than what you pay now.
Mon Feb 1, 2016, 07:23 PM
Feb 2016

or at least it will for most Americans, if you're some kind of exception to the rule.

SickOfTheOnePct

(7,290 posts)
108. I have no problem with the tax
Mon Feb 1, 2016, 08:05 PM
Feb 2016

Just correcting the notion that it's an income tax that can be eliminated by deductions.

And for very poor people, it most likely will be more than they pay now, but it's a very small amount, and the payback is tremendous.

amborin

(16,631 posts)
68. Total distortion---they pay with Hillary's plan also!!!! But get $$$$$$ back under Bernie nt
Mon Feb 1, 2016, 12:49 PM
Feb 2016

total distortion; i posted on this the other day

jillan

(39,451 posts)
69. Why is it so hard for some to understand that they will be paying LESS overall?
Mon Feb 1, 2016, 12:50 PM
Feb 2016

Is it willful ignorance or that they do understand and choose to lie about it?

sammythecat

(3,568 posts)
70. ur just trolling us here, ain'tcha
Mon Feb 1, 2016, 01:11 PM
Feb 2016

u know better. u know this argument is bullshit. u've been shown over n over it's bullshit, yet u keep sayioung the same thing.

oasis

(49,389 posts)
72. After tonight, hell be changing that tune. More taxes
Mon Feb 1, 2016, 01:52 PM
Feb 2016

will be soundly rejected by voters across the US.

 

rhett o rick

(55,981 posts)
89. I understand if you support the 1%. It used to be that Democrats supported the 99%.
Mon Feb 1, 2016, 05:54 PM
Feb 2016

But that was before Big Money like Goldman-Sachs started using their money to influence our government. Krugman is hoping to get something if HRC wins. He sold his soul for a little promise of a piece of the pie.

The Clintons have accumulated enormous wealth from the current corrupt big money culture. Why change a good thing?

 

arcane1

(38,613 posts)
76. You folks really need some fresh material. This stuff is stale and moldy now.
Mon Feb 1, 2016, 04:12 PM
Feb 2016

And no more honest than it was the last 1,000 times it as tried.

notadmblnd

(23,720 posts)
78. They don't and they still won't.
Mon Feb 1, 2016, 04:13 PM
Feb 2016

They will get every dollar paid in back in the form of a refund when they file as they currently do.

 

bowens43

(16,064 posts)
81. more disingenuous misleading bullshit, typical hillary nonsense....
Mon Feb 1, 2016, 04:16 PM
Feb 2016

want lies, distortions and misdirection from your president then by all means vote for hillary....

jmowreader

(50,559 posts)
82. It's higher than that
Mon Feb 1, 2016, 04:16 PM
Feb 2016

There will ALSO be an 6.2 percent "employer contribution" to his health non-plan that employers will pay for by lowering employee pay.

 

Bradical79

(4,490 posts)
110. Would have saved me a lot of money
Mon Feb 1, 2016, 08:19 PM
Feb 2016

when I was making that much. A couple hundred a year for healthcare? Would've been great. I almost cry thinking about how much better that would have been for me.

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