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Why no tax? 
Posted: 27 July 2005 08:46 PM   [ Ignore ]   [ # 51 ]
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ILoveAmerica - 27 July 2005 08:27 PM

In my opionion, when it comes to Federal income tax, I say anybody below $30,000 per year shouldn’t have to pay. They have hard enough time making ends meet.

heh I make only a little more than half that amount and I wouldn’t say that I am having a hard time making ends meet. I mean, as much as I would like the idea of not having to pay taxes, especially if they didn’t withhold anything, I don’t particularly “need” to not pay taxes. I’m not rich, but hey, I’ve got cable TV and high speed internet and I’m not starving so....!

Now, maybe if I were in DC things would be different, but you have to take into account the fact that different areas have different costs of living.

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Posted: 27 July 2005 09:08 PM   [ Ignore ]   [ # 52 ]
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The rich people should pay for everything.  Go socialism!

I bet you’d see a lot of people earning $29,999.

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Posted: 27 July 2005 09:51 PM   [ Ignore ]   [ # 53 ]
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dead-duck - 27 July 2005 08:46 PM

....but you have to take into account the fact that different areas have different costs of living.

Yeah, that’s the hard part. Here in D.C. a decent 1 bedroom apartment costs $1,200 a month! You have to make atleast $10 to $12 an hour to be able to afford it, while in Richmond, Va. you could rent a 5 bedroom house for that amount.

There has to be some scale where taxes are adjusted to where you live. A flat rate 10% in taxes on the income would hurt someone more in D.C. than it would in Richmond.

I say if you have anythng left over after paying rent, buying food, paying utlitities (not cable TV!), paying healthcare premiums, buying clothes.....then you are taxed....the people who are just “eking it out” should not have to pay income axes. But there is no way to implement that, so we just muddle along with what we got. Sigh......

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Posted: 27 July 2005 09:55 PM   [ Ignore ]   [ # 54 ]
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Boy DC sounds as bad as London.  What is Richmond like? That sounds a fair price for a 5 bedroom house.  What’s it made of plywood?

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Posted: 27 July 2005 10:02 PM   [ Ignore ]   [ # 55 ]
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ILoveAmerica - 27 July 2005 09:51 PM

I say if you have anythng left over after paying rent, buying food, paying utlitities (not cable TV!), paying healthcare premiums, buying clothes.....then you are taxed....the people who are just “eking it out” should not have to pay income axes. But there is no way to implement that, so we just muddle along with what we got. Sigh......

Most every household making under 30,000 a year already don’t pay taxes and/or get extra money from the government.

As for taxes, yes they are different in different States, and sometimes Counties or Cities within a State. Many like Pennsylvania already don’t have any sale taxes on unprepared food and on clothing.

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Posted: 27 July 2005 10:36 PM   [ Ignore ]   [ # 56 ]
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Define “household” — as I said, I make a lot less than that and I paid taxes last year (got back less than 40% of my withholding) But I don’t have children, if I did I might be able to claim something or other.

ILA — I wouldn’t say that things in Richmond are that good, if they are then it’s a heck of a lot cheaper than Norfolk area, and I don’t believe that. Most apartments around here are $700+ for one bedroom, I saw a 3br condo for rent for $1500/mo and a 3br house for $1400 when I was looking to move a couple of months ago.

I get your point, though… just thought I’d correct your math a little ;) Southern VA is getting more expensive by the day, it seems. Still not as expensive as DC area, but not cheaper by as big of a margin as it used to be.

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Posted: 27 July 2005 10:46 PM   [ Ignore ]   [ # 57 ]
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dead-duck - 27 July 2005 10:36 PM

Define “household” — as I said, I make a lot less than that and I paid taxes last year (got back less than 40% of my withholding) But I don’t have children, if I did I might be able to claim something or other.

Household is all the wage earners in a household. Whether it be one person making 20,000 a year living alone or 2 people with children who make 20,000.

As for you paying taxes on that amount of income; there could be many different reasons. You might need a good tax attorney, forget most accountants they aren’t trained to actually read the law, but only follow the “rules”. If I recall you are younger, do your parents still declare you on their taxes? That would explain it right there. You are sorta part of their household if you are in college and I believe under 25.

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Posted: 27 July 2005 10:58 PM   [ Ignore ]   [ # 58 ]
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No, I’m 25, make too much for parents to claim me, followed the directions on the form and had to pay (as in, didn’t get back all my withholding, not as in had to pay extra) I’m not eligible for the earned income credit (by a lot) I had to pay state and federal taxes.  If I had a kid or owned a home maybe things might be different, but as it stands, I’d have to make like $10k or less to not have to pay taxes.

Seriously.... I think a major key to getting tax breaks is to have a couple of babies, but alas, that’s not in the cards for me ;) (maybe I should adopt :P)

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Posted: 27 July 2005 11:04 PM   [ Ignore ]   [ # 59 ]
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dead-duck - 27 July 2005 10:58 PM

(as in, didn’t get back all my withholding, not as in had to pay extra)

At least you get some back. I always have to pay in, and then pay double the normal social security.

Seriously think part time job self-employed. Like helping people with there computers or something, then charge them. Even if you only make a couple hundred bucks a year it opens up all kinds of deductions and options. You might still not get it all back, but you’ll get a lot closer to 100% and it’s even possible to get more than you paid in back if you don’t make money the first couple years you have your own buisness.

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Posted: 28 July 2005 01:11 AM   [ Ignore ]   [ # 60 ]
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ILoveAmerica - 27 July 2005 08:27 PM

Here in the last colony, the District of Columbia, the tax situation is really wierd.

There are no taxes on groceries. (bread, mayonnaise, etc)
There is a high tax on resteraunt food, like 9%. It is geared towards screwing, errr… I mean “taking advantage of” the tourists.
Our sales tax on goods, is 4.5 %.
And then there is a slightly high income tax.

But, all in all I don’t really mind. I am happy to do my civic duty and contribute to the common good and the community. I don’t mind paying taxes as long as they are spent wisely and legitimately, and on good programs that benfit me and the community.

So you’re being taxed and you don’t even get real representation in Congress.  Isn’t that what we used to call tyranny?  Maybe you should revolt :)

In my opionion, when it comes to Federal income tax, I say anybody below $30,000 per year shouldn’t have to pay. They have hard enough time making ends meet.

If you earn $30K, you already don’t pay very much, especially if you have dependants or a house with interest you can deduct.

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Posted: 28 July 2005 01:49 AM   [ Ignore ]   [ # 61 ]
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So you’re being taxed and you don’t even get real representation in Congress.  Isn’t that what we used to call tyranny?

No taxation without representation!

Yeah that doesnt make sense. Why the hell are you taxed if you arent represented in Congress?

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Posted: 28 July 2005 01:59 AM   [ Ignore ]   [ # 62 ]
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Haven’t you ever seen their license plate? It says it right on there. ;)

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Posted: 28 July 2005 02:59 PM   [ Ignore ]   [ # 63 ]
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Looks like 11 states and DC are doing the tax holiday thing.  Just in case you aren’t confused enough yet…

http://money.cnn.com/2005/07/28/pf/taxes/taxbreak_shopping/index.htm

Connecticut

Dates: August 21-27

Items covered: Shoes and clothes that sell for $300 and less. The tax break does not apply to athletic or protective clothing and footwear, jewelry, handbags, luggage, umbrellas, wallets and watches.

District of Columbia

Dates: August 6-14

Items covered: School supplies, clothing, accessories and shoes with a price of $100 or less are covered.

Florida

Dates: July 23-31

Items covered: Books, clothing, footwear and certain accessories with a sales price of $50 or less per item, and school supplies with a sales price of $10 or less per item. The exemption does not apply to purchases within an entertainment complex, a theme park an airport or a public lodging establishment.

Georgia

Dates: July 28-31

Items covered: Certain school supplies, (up to $20 per item), clothing and footwear ($100 or less per article), computers and computer-related accessories for noncommercial use (for a single purchase of $1,500 or less).

Iowa

Dates: August 5-6

Items covered: During the holiday, no sales tax, including school and local option sales taxes, will be collected on clothing or footwear that sells for $100 or less per item. Certain accessories are excluded.

Massachusetts

Dates: August 13-14

Items covered: All non-business sales on a single item costing $2,500 or less are covered. Automobiles, boats, telecommunication items, meals, utilities and tobacco are not covered.

Missouri

Dates: August 5-7

Items covered: Clothing and footwear except for certain accessories that are priced at $100 or less, school supplies costing $50 or less, computer software with a taxable value of $350 or less, and personal computers and computer peripherals that retail for $3,500 or less. The holiday does not apply to sales within the state fairgrounds.

New Mexico

Dates: August 5-7

Items covered: Customers may buy the following items free of tax from August 5-7: Clothing or shoes sold for less than $100 (excluding items primarily for athletic or protective use); computers (but not handheld computers) sold for no more than $1,000, and any associated monitor, speakers, printer or related items sold for no more than $500; notebooks, paper, writing instruments, crayons, art supplies, paper clips, staples, staplers, scissors and rulers priced under $15; and bookbags, backpacks, handheld calculators, maps and globes priced under $100.

New York

Dates: August 30-September 5

Items covered: Clothing and footwear, as well as items that are used to make or repair clothing, that cost under $110 per item are exempt from state and certain local taxes.

North Carolina

Dates: August 5-7

Items covered: Clothing, footwear and school supplies are exempt from taxes with a price tag of $50 or less, sports equipment that costs under $50, and computers for $3,500 or less. Clothing accessories, protective equipment and rentals do not qualify.

South Carolina

Dates: August 5-7

Items covered: Clothing, accessories, footwear, school supplies, computers, printers, printer supplies, computer software and linens for the bed and bath are exempt. Jewelry, cosmetics and furniture, are not.

Texas

Dates: August 5-7

Items covered: Most clothing and footwear priced at less than $100 are exempt from state and local sales taxes. Athletic clothing and footwear are ineligible for the exemption. Accessories, such as watches and jewelry, also are excluded from the holiday.

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