Will believe it when I see it!!

We bought a 52-inch plasma TV about 6 months ago. Ours will go toward paying it off.

quote:

Originally posted by SassyGritsAL

Never once did I say I was complaining. And yes, I am talking about all of my taxes combined.

I never said that you were complaining – heck, I never even alluded to it. I was just asking for clarification.

You can surely understand the confusion when you say that you are "taxed 40%" when nothing is actually taxed at 40%?

I’m not getting any "rebate" which is weird because I know they are expecting money from me in 2 months. 18 year old kids living off their parents dole and a McDonald’s job are getting the "rebate." The word rebate is not really working for me.

I think we should all be getting more back. I think we all pay too much in taxes as it is.

quote:

Originally posted by The Travelin Man

quote:

Originally posted by SassyGritsAL

I make over $75,000 a year and pay about 40% of my salary in taxes. If I get a profit share (which I don’t get every year) it is taxed 40%. We get a $600 Christmas bonus every year and it is taxed 40%. Please believe me I’m not complaining as I am ever so glad to get profit sharing checks and the Christmas bonus but the taxes are so high.

I am confused. Are you talking about federal income tax, or the entire amount that you pay in taxes for everything (sales tax, excise tax, gasoline tax, etc.)? Unless I am mistaken, the highest tax bracket in this country is still only 35% – and as a single filer, you would need to be making significantly more than $75k/yr to get hit with that amount. Secondly, we have a progressive tax, so only any amount you earn over (approximately) $350,000 is taxed at 35%. Assuming that you are single and your AGI is $100,000, then you will pay a little over 20% (cumulative) in income tax.

If you are talking about all of your taxes combined, then I assure you, those making less money than you are paying more in usage taxes (as a percentage of their income) than you are.

Never once did I say I was complaining. And yes, I am talking about all of my taxes combined.

quote:

Originally posted by Davydd

quote:

Originally posted by desertdog

What? A tax rebate? I thought those were only for the evil rich…[;)]

The evil rich will not see a rebate if an individual made over $84,000 or couple over $150,000 unless they have some kids in the household.

That’s us. [:(][8)][:(][8)]

quote:

Originally posted by Russ Jackson

I will do some research and buy a 100% american made product so the money stays here.

Sad point, which will come out months down the road, is the most of the $$ will go to foreign subsidies. We’ll have had our fun, and for those that spent the check (as intended) vs. the ones that saved will be saddened by which way the cash has flowed…

quote:

Originally posted by Tedbear

quote:

Originally posted by Russ Jackson

I will do some research and buy a 100% american made product so the money stays here.

I would like to do that also. When, and if, you find a 100% American-made product, please post the information as it is virtually impossible to find something of this nature. Unfortunately, I think that you are unlikely to find anything that is 100% American-made unless it is in a very high price category.

Well, if you’re looking to buy American, one of the easiest places would be food. Take that $300 and buy a bunch of Maine Lobsters, Maryland Crabs, Omaha Steaks and California wines. Even if you decide to spend your money at restaurants, you still far more likely to end up buying American products than if you end up at the Target or Wal-Mart.

quote:

Originally posted by Vince Macek

I’m buying three hundred cups of coffee!

Obviously not at Starbucks…[;)]

I’m buying three hundred cups of coffee!

I’ll be gladly looking towards 1,200 bucks. But I won’t spend any of it until I have the check in the bank.

Here is what I found, I don’t know if it is set in stone yet. I just wish they would take less to start with, it would be simpler.

Their plan would give individual taxpayers up to $600 in rebates, working couples $1,200 and those with children an additional $300 per child. The rebates would phase out gradually for individuals whose adjusted gross income exceeds $75,000 and for couples with incomes above $150,000.

But it would leave out about 20 million senior citizens living chiefly on Social Security. They wouldn’t get rebate checks unless they have at least $3,000 earned income or pay income taxes based on other sources such as earnings, interest, investments or private pension plans.