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Palin's Tax Returns
Topic Started: Oct 3 2008, 02:37 PM (867 Views)
Luke's Dad
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Emperor Pengin
Their income went up 23.6%, taxes went up 52%!
The problem with having an open mind is that people keep trying to put things in it.
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ivorythumper
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I am so adjective that I verb nouns!
Quote:
 
The McCain-Palin campaign had said the tax returns would be released Monday, but it suddenly put them out Friday afternoon — a time long used by government to reveal embarrassing news because few people watch TV or read newspapers Friday evening and Saturday.


What embarrassment???? These journalists are sucking Obama's dick.
The dogma lives loudly within me.
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Kincaid
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HOLY CARP!!!
It's plain embarrassing how much less the Palin's make than do the Obamas, Bidens and McCains. They should be ashamed of themselves. She's simply not good enough to be VP.
Kincaid - disgusted Republican Partisan since 2006.
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jon-nyc
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"The campaign also says the couple made nearly $130,000 and paid about $12,000 in taxes in 2006."

Jesus, how'd they get away with that?
In my defense, I was left unsupervised.
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Jack Frost
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Bull-Carp
ivorythumper
Oct 3 2008, 05:46 PM


What embarrassment???? These journalists are sucking Obama's dick.

That falls a bit short--excuse the word--of your usual posts. Not really that smart or perceptive.

jf
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Axtremus
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HOLY CARP!!!
jon-nyc
Oct 3 2008, 08:53 PM
"The campaign also says the couple made nearly $130,000 and paid about $12,000 in taxes in 2006."

Jesus, how'd they get away with that?

Child tax credits for 4 kids.
Mortgage interest deduction (I assume they have one).
All sorts of business expense deductions, if they own a business.
Frankly, I'm not surprised.
All legit, I think.
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JBryan
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I am the grey one
jon-nyc
Oct 3 2008, 06:53 PM
"The campaign also says the couple made nearly $130,000 and paid about $12,000 in taxes in 2006."

Jesus, how'd they get away with that?

Is that 130,000 gross or adjusted?
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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ivorythumper
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I am so adjective that I verb nouns!
Jack Frost
Oct 3 2008, 05:56 PM
ivorythumper
Oct 3 2008, 05:46 PM


What embarrassment???? These journalists are sucking Obama's dick.

That falls a bit short--excuse the word--of your usual posts. Not really that smart or perceptive.

jf

Tell me what the purpose of that whole paragraph was, Jack.
The dogma lives loudly within me.
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ivorythumper
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I am so adjective that I verb nouns!
jon-nyc
Oct 3 2008, 05:53 PM
"The campaign also says the couple made nearly $130,000 and paid about $12,000 in taxes in 2006."

Jesus, how'd they get away with that?

What do you mean? We have an even better accountant than they do.
The dogma lives loudly within me.
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jon-nyc
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You know what I think?

The middle class' income taxes are too low.

But then they gotta pay FICA on that, too.
In my defense, I was left unsupervised.
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ivorythumper
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I am so adjective that I verb nouns!
jon-nyc
Oct 3 2008, 06:07 PM
You know what I think? 

The middle class' income taxes are too low.


That doesn't surprise me at all that you would think that.

But FICA is probably already built into that.
The dogma lives loudly within me.
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Jack Frost
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ivorythumper
Oct 3 2008, 08:04 PM
Jack Frost
Oct 3 2008, 05:56 PM
ivorythumper
Oct 3 2008, 05:46 PM


What embarrassment???? These journalists are sucking Obama's dick.

That falls a bit short--excuse the word--of your usual posts. Not really that smart or perceptive.

jf

Tell me what the purpose of that whole paragraph was, Jack.

Weren't a pragraph, IT, it was two sentences.

I think they explain themselves.

EDIT: Ok i assumed you didn't really think anyone was sucking Obama's dick, and your intent was not a National Enquirer kind of thing, so as a metaphor, that's pretty over the top.

Did you clear that post with your wife?

jf
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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John D'Oh
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MAMIL
Edit. It's amazing what I'll write after a couple of glasses of wine.
What do you mean "we", have you got a mouse in your pocket?
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jon-nyc
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ivorythumper
Oct 3 2008, 09:11 PM
jon-nyc
Oct 3 2008, 06:07 PM
You know what I think? 

The middle class' income taxes are too low.


That doesn't surprise me at all that you would think that.

But FICA is probably already built into that.

That seems extraordinarily unlikely. FICA isn't subject to many deductions. FICA in 2006 would have been close to 6k, if their total bill was only 12k that means they paid 5% income tax.
In my defense, I was left unsupervised.
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Jack Frost
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Bull-Carp
jon-nyc
Oct 3 2008, 08:07 PM
You know what I think?

The middle class' income taxes are too low.

But then they gotta pay FICA on that, too.

You won't win any election--not even dog catcher.

jf
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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JBryan
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I am the grey one
jon-nyc
Oct 3 2008, 07:19 PM
ivorythumper
Oct 3 2008, 09:11 PM
jon-nyc
Oct 3 2008, 06:07 PM
You know what I think? 

The middle class' income taxes are too low.


That doesn't surprise me at all that you would think that.

But FICA is probably already built into that.

That seems extraordinarily unlikely. FICA isn't subject to many deductions. FICA in 2006 would have been close to 6k, if their total bill was only 12k that means they paid 5% income tax.

Is the 130 K gross or adjusted (one more time).

You obviously have never worked on a 1099.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Frank_W
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Resident Misanthrope
Maybe Jon's on to something. Raise taxes more and more and more, especially on the lower and middle class. "Let them eat cake!" Maybe then, people will begin to revolt.

It's high time.
Anatomy Prof: "The human body has about 20 sq. meters of skin."
Me: "Man, that's a lot of lampshades!"
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jon-nyc
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Cheers
I knew that already, Jack. You can't run for office with a purity score of 42.
In my defense, I was left unsupervised.
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kathyk
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Pisa-Carp
Oh c'mon. The Obama's income only became higher than normal with the income from his last two books. How can all you free market types diss him for that?
Blogging in Palestine: http://kksjournal.com/
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jon-nyc
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JBryan
Oct 3 2008, 09:21 PM
Is the 130 K gross or adjusted (one more time).

You obviously have never worked on a 1099.

Why are you asking me?

I assume its gross, otherwise they would be criminally liable.
In my defense, I was left unsupervised.
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JBryan
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I am the grey one
If it is gross then it is the amount before any expenses are deducted. I have worked as a contractor for 15 years and my 1099 includes every transaction to me by the client, all expenses included. These are deducted right off the top before I arrive at "adjusted" income. Tax (including FICA) is assessed on that. Hence, my question:

Gross? or Gross adjusted?

Sorry for the imprecision. Friday, wine and all.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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jon-nyc
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Cheers
All I've seen is the article. I don't think they're free lance / contractors. But there has to be some reason why their taxes are so low. THey don't have that many kids.
In my defense, I was left unsupervised.
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ivorythumper
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I am so adjective that I verb nouns!
Jack Frost
Oct 3 2008, 06:15 PM
ivorythumper
Oct 3 2008, 08:04 PM
Jack Frost
Oct 3 2008, 05:56 PM
ivorythumper
Oct 3 2008, 05:46 PM


What embarrassment???? These journalists are sucking Obama's dick.

That falls a bit short--excuse the word--of your usual posts. Not really that smart or perceptive.

jf

Tell me what the purpose of that whole paragraph was, Jack.

Weren't a pragraph, IT, it was two sentences.

I think they explain themselves.

EDIT: Ok i assumed you didn't really think anyone was sucking Obama's dick, and your intent was not a National Enquirer kind of thing, so as a metaphor, that's pretty over the top.

Did you clear that post with your wife?

jf

Don't get pedantic, Jack. It was a paragraph.

The paragraph doesn't explain itself at all, and has nothing to do with the substance of the rest of the article -- it is a cheap shot at McCain and Palin implying they released the information early to hide embarrassment.

I asked you for another reading of it, which you seem unable to give. Therefore, I am content that the metaphor is quite appropriate.
The dogma lives loudly within me.
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JBryan
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I am the grey one
Quote:
 
All I've seen is the article. I don't think they're free lance / contractors. But there has to be some reason why their taxes are so low. THey don't have that many kids.


Her husband works in the oilfield if I'm not mistaken. That could easily account for a lot of expenses. But we are both speculating. The bottom line is that a 130 K income with a 12 K tax bill is not prima facie tax evasion.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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jon-nyc
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Cheers
I'm sure its not evasion, I just think its wrong.

We gotta crank up that AMT!

:cool:
In my defense, I was left unsupervised.
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