Greedy Govt

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I can't stand when I bust my tail working overtime and Uncle Sam gets paid-I'm not gonna work over a certain amt any longer. This is my very first posting !:D

Specializes in Med-Surg.

I'm single no kids so I get taxed to the max. I don't mind.

I've always heard about what you're talking about that the more the make, you're thrown into another "tax bracket" and then you wind up not making much, or Uncle Sam eats it up.

Fortunately for me, it seem not to change. The more I work, the more I make and the amount taken out seems to be steady. But I don't tend to work that much extra. :)

Coworkers say about 12 hours overtime is all they can work without seeing the tax bracket change eat it up.

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I can't stand when I bust my tail working overtime and Uncle Sam gets paid-I'm not gonna work over a certain amt any longer. This is my very first posting !:D

Just don't forget that your tax dollars are needed to support all those poor people who don't or won't work.

I recently read an article about a Katrina person who stated "I might be poor, but I don't like to LIVE poor - and what they've GIVEN me is crap."

OK, I was raised to believe that if you're GIVEN something - you accept it and say 'thank-you', and if you don't like what you're given, get up off your keister, get a job, and pay your own way.:bugeyes:

Also don't forget the millions spent for healthcare, schooling and so on for ILLEGAL immigrants.

And all the millions sent to foreign countries as aid, and all the pork barrel projects here in the USA.

It all costs money - and someone has to pay!

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Just don't forget that your tax dollars are needed to support all those poor people who don't or won't work.

I recently read an article about a Katrina person who stated "I might be poor, but I don't like to LIVE poor - and what they've GIVEN me is crap."

OK, I was raised to believe that if you're GIVEN something - you accept it and say 'thank-you', and if you don't like what you're given, get up off your keister, get a job, and pay your own way.:bugeyes:

Also don't forget the millions spent for healthcare, schooling and so on for ILLEGAL immigrants.

And all the millions sent to foreign countries as aid, and all the pork barrel projects here in the USA.

It all costs money - and someone has to pay!

That is why these threads pop up - we are frustrated by the way our government spends our money. So much waste.

And working overtime - there is a point where it isn't worth it financially.

steph

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If you think about it "freedom" is really an oxymoron.

Bills and taxes. I'm billed and taxed to death.

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If you're single, the tax rate is 28% for any money earned between $78,850 and $164,550. I would assume that most of us don't work enough overtime to make more than $164,550 (except for the people in the CRNA forum, of course.) You can decide if it's worth it or not. The tax rate at $35,550 is 25%. So the feds are only taking 3% more of your overtime than your straight time.

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Specializes in ER.

I must agree with my father-in-law he has always said I would rather be taxed on $100,000.00 than on nothing at all!

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I'd rather not be taxed so the gov can WASTE Billions of dollars on PORK.

And other things . ..

steph:D

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Hmm. no way out,I paid 38k this past year. I wish I can cut uncle sam's throat. My friend with 2 jobs paid almost 50k.

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And it's going to get worse. Last year my son and a friend formed their own electronics business - they did pretty well - working about 60 hours a week each, they brought in $200,000 - but the govt. took $70,000, That left them each with $65,000, right? Wrong! Because they have to pay their receptionist, and their office rent, etc.

And if certain people win the next election - they want to tax businesses even more - to support all the entitlement programs. Puking ridiculous!

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Specializes in being a Credible Source.
And if certain people win the next election - they want to tax businesses even more - to support all the entitlement programs. Puking ridiculous!

And if others win it, they just want to continue the credit card mentality and wasting hundreds of billions or even trillions of dollars in aggressive foreign policy.

My kids just can't afford that.

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i think we need a little reality check:

more importantly, failure to pay taxes is treated as being fundamentally different

than taking money from the government in other contexts. for some reason we

are supposed to be more concerned about a $5,000 check to a mother receiving

tanf from the government than a clever entrepreneur who evades $500,000 in

tax liability.

enforcing tax laws: why the rest of us should care

according to the irs, in 2001 (the most recent year examined) the

government lost more than $340 billion in uncollected taxes.2 this is money

that is actually owed to the federal government - not money that taxpayers have

been able to legally avoid paying through creative accounting or the clever use

of loopholes. this is a substantial sum. it is approximately 20 times what the

federal government spends on temporary assistance to needy families

(tanf) each year, the main welfare program for poor families. it is 55 times

what the federal government spends on head start and almost 100 times annual

foreign aid spending for sub-saharan africa. alternatively, the taxes that go

unpaid each year are 30 percent of what the federal government actually collects

in income taxes (personal and corporate). this means that if the federal

government could find a way to get tax evaders to pay their bills, then tax rates

could be reduced for everyone by 25 percent, and the federal government

would have the same amount of money.

when we praise corporate brigands who do not pay their fair share of the tax burden we are cutting our own throats. what tax cheats don't pay is shifted to the honest folks who do pay their share.

small businesses receive substantial tax breaks.

utilities, wages, rent, office supplies, insurance(s), vehicle expenses, business travel expenses, and other business expenditures are all deductible from revenues which excludes that revenue from tax exposure. there are plenty of other tax breaks available some of them strictly legal and others in the grey areas of the tax law.

nanny state subsidies for small businesses

there are three basic ways in which the government provides subsidies to

small businesses: favorable tax treatment, below market rate loans, and

exemptions from labor and safety standards that apply to other businesses. in

addition, various levels of government often apply affirmative action standards

for small businesses, setting aside a certain portion of their contracts for

businesses that are below a specific size.5

the government provides tax benefits to small businesses through two

mechanisms, one of them legal, and the other not quite legal. the first

mechanism is a large set of tax breaks that are explicitly designed to help small

businesses. effectively, the government applies a different set of tax rules based

on the size of the business. small business owners are allowed to take many

deductions, such as accelerated depreciation on capital equipment, that are not

generally available to larger businesses. if a small business is incorporated -

most small businesses are not incorporated so that their profits are simply taxed

as the income of business owner(s) - they generally pay tax at a lower rate than

larger businesses.

...

at the same time, we should not view small businesses as the embodiment

of virtue. when a small business owner lies about business expenses to avoid

paying the taxes that he owes, this is every bit as much a drain on taxpayers as

when families file false claims for welfare benefits.

the above is not posted as a criticism but rather an observation that application of the tax code is very favorable in regards to small business owners.

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And if others win it, they just want to continue the credit card mentality and wasting hundreds of billions or even trillions of dollars in aggressive foreign policy.

My kids just can't afford that.

Like a 2 BN dollar per day war in Iraq.

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