[Sixstrings]

$this->bbcode_second_pass_quote('Ludi', 'T')axing the poor is a time-honored tradition of collapsing empires.

Sign of the times.

[Javaman]

$this->bbcode_second_pass_quote('MarkJ', '')$this->bbcode_second_pass_quote('', 'I')n recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

[MarkJ]

Many renters pay no property tax since they live in tax exempt public housing and/or they live with friends, family etc.

Many renters of two family homes, multi-family homes and apartment buildings pay very little property tax in comparison with single family homeowners.

For example, my property taxes on one of my 6 unit multi-family homes $3,600 are lower than property taxes on many single family homes of the same size. The $3,600 in property taxes doesn't begin to cover the expenses of the 12 to 15 occupant average of the home.


Single occupants of single family homes often pay more money in property taxes although many are much less of a financial burden on local services.

Many landlords haven't increased rents due to rising property taxes, but many have stealth rent increases. For example, many are no longer including heat, hot water, electric, appliances, washer/dryer hook-ups and/or they're charging for formerly included services like off-street parking, garage usage, snow plowing etc.

Since many landlords are no longer including heat and hot water, many tenants are applying for HEAP and Emergency HEAP.

[mattduke]

Don't let the government's insane theft policies pit you against each other. The goal is for everyone to be free from involuntary servitude.

[shortonsense]

$this->bbcode_second_pass_quote('mattduke', 'T')axes are my number one expense. They are the primary difficulty I have in providing for my family.

[gollum]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mattduke', 'T')axes are my number one expense. They are the primary difficulty I have in providing for my family.

[Ludi]

$this->bbcode_second_pass_quote('gollum', '
')Yea, the other 53% need to get on board and starve this fat cow into submission. The real question to me is why do that 53% work so hard to support Banksters and fat cat congressmen? or illegals? or foreign governments? or 2 lost wars?

[dinopello]

$this->bbcode_second_pass_quote('gollum', '')$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('mattduke', 'T')axes are my number one expense. They are the primary difficulty I have in providing for my family.

[Ludi]

$this->bbcode_second_pass_quote('dinopello', 'a')n't reach a situation where Federal taxes are not their number one expense. It is understandable why this minority group is angry at the current system.

[dinopello]

$this->bbcode_second_pass_quote('Ludi', 'H')ow can something which is 35% of your income be your number one expense? This does not compute. Even the very wealthiest earners don't pay even close to historical levels of income tax (at one point 90%).

[highlander]

Just a little perspective. Could be subtitled Lying with statistics.


http://www.nytimes.com/2010/04/14/busin ... f=business

[mcgowanjm]

^
^
l__yep.

Repo 105's and now Hudson Castle. And not one indictment.

$this->bbcode_second_pass_quote('Mish', 'T')he report says Dick Fuld, CEO of Lehman was “at least grossly negligent”. The key words are "at least". The reality is Dick Fuld makes Bernie Madoff look like a rank amateur.

This begs at least two questions.

1. Where is the criminal indictment of Dick Fuld?
2. How many other Repo 105, leverage hiding, market manipulation, and tax evasion schemes are banks engaged in that we do not know about yet?

[Ludi]

$this->bbcode_second_pass_quote('dinopello', '
')I'd be less concerned about it being someones number one expense, than I would about it being "the primary difficulty" in providing for one's family as mattduke says it is for him. That's a real problem.

[Sixstrings]

$this->bbcode_second_pass_quote('dinopello', 'T')axes are pretty low for the wealthy by historic standards, but it can still be your number one single expense

Hypothetically-
Taxes - 35%
Mansions and Villas - 25 %
Yachts, Limos, Planes - 20%
Food, Booze- 15 %
Knicknacks - 4%
Servants - 1%

[Ludi]

$this->bbcode_second_pass_quote('Sixstrings', '
')They have nothing to complain about -- wasn't the top tier set at 90% for a long time, up into the 70's?

[mattduke]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('dinopello', '
')I'd be less concerned about it being someones number one expense, than I would about it being "the primary difficulty" in providing for one's family as mattduke says it is for him. That's a real problem.

[Ludi]

$this->bbcode_second_pass_quote('mattduke', '
')Taxes are my number one expense because I earn more than average yet rent a tiny apartment and consume less than average.

[shortonsense]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('mattduke', '
')Taxes are my number one expense because I earn more than average yet rent a tiny apartment and consume less than average.

[Ludi]

$this->bbcode_second_pass_quote('shortonsense', '
')Yikes...you have my admiration.