| Welcome to The New Coffee Room. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Palin's Tax Returns | |
|---|---|
| Tweet Topic Started: Oct 3 2008, 02:37 PM (871 Views) | |
| jon-nyc | Oct 3 2008, 05:46 PM Post #26 |
|
Cheers
|
Seriously - now we need an AMT to make sure the middle class pay their fair share.... |
| In my defense, I was left unsupervised. | |
![]() |
|
| ivorythumper | Oct 3 2008, 05:48 PM Post #27 |
|
I am so adjective that I verb nouns!
|
You are wrong about that, Kathy.
No one is faulting anyone for making money. |
| The dogma lives loudly within me. | |
![]() |
|
| ivorythumper | Oct 3 2008, 05:49 PM Post #28 |
|
I am so adjective that I verb nouns!
|
Envy is bad for the soul. |
| The dogma lives loudly within me. | |
![]() |
|
| Frank_W | Oct 3 2008, 05:49 PM Post #29 |
![]()
Resident Misanthrope
|
Well, the feds get a little annoyed when the citizenry begins firing up their own printing presses...
|
|
Anatomy Prof: "The human body has about 20 sq. meters of skin." Me: "Man, that's a lot of lampshades!" | |
![]() |
|
| jon-nyc | Oct 3 2008, 05:51 PM Post #30 |
|
Cheers
|
What do my shoes have to do with this? |
| In my defense, I was left unsupervised. | |
![]() |
|
| John D'Oh | Oct 3 2008, 05:52 PM Post #31 |
|
MAMIL
|
Well, I'm writing to BP - Mrs. D'Oh would make a very attractive oil rig person thingy - whatever the hell it is they do. Drilling, I think. And other stuff. Shale! Hope that's not too technical. Plus, we could have more kids and I'd pay less tax. God bless America!!!! |
| What do you mean "we", have you got a mouse in your pocket? | |
![]() |
|
| ivorythumper | Oct 3 2008, 05:56 PM Post #32 |
|
I am so adjective that I verb nouns!
|
I was thinking some fishier. |
| The dogma lives loudly within me. | |
![]() |
|
| ivorythumper | Oct 3 2008, 05:59 PM Post #33 |
|
I am so adjective that I verb nouns!
|
I thought they had a commercial fishing business. All sorts of ways to legally move income into retirement plans, take money out in leases and rents etc, avoid FICA, and reduce the tax burden. That's why God made accountants. |
| The dogma lives loudly within me. | |
![]() |
|
| jon-nyc | Oct 3 2008, 06:00 PM Post #34 |
|
Cheers
|
Thats.... thats... thats... UNPATRIOTIC. |
| In my defense, I was left unsupervised. | |
![]() |
|
| JBryan | Oct 3 2008, 06:12 PM Post #35 |
![]()
I am the grey one
|
If I have legitimate expenses that reduce my adjusted gross I will take them rather than pay taxes on the reimbursements I get from airfare, rental cars, equipment purchase, etc. You realize that is all reported on a 1099 do you not? |
|
"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. | |
![]() |
|
| John D'Oh | Oct 3 2008, 06:15 PM Post #36 |
|
MAMIL
|
I know fishermen. Her husband sits around all day drinking beer AT THE TAX PAYERS FREAKING EXPENSE!!!!! That's why God made fish. They just leap into Christian's boats without any work at all, and it's all tax deductible. Read the Book if you don't believe me. |
| What do you mean "we", have you got a mouse in your pocket? | |
![]() |
|
| JBryan | Oct 3 2008, 06:37 PM Post #37 |
![]()
I am the grey one
|
You are obviously drinking something stronger than beer. |
|
"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. | |
![]() |
|
| John D'Oh | Oct 3 2008, 07:22 PM Post #38 |
|
MAMIL
|
It's Friday. The good Lord set Friday aside for fish. Since I don't like fish, I drink wine. Let's face it I'm doing the Lord's work. He turned water into wine. I turn it back into water. If God hadn't meant us to get sh!t-faced, he would have made it taste more unpleasant. I'm convinced that one day they'll make me a saint. |
| What do you mean "we", have you got a mouse in your pocket? | |
![]() |
|
| jon-nyc | Oct 4 2008, 02:30 AM Post #39 |
|
Cheers
|
FTP posted a link to the return. Its mostly wage income. http://www.johnmccain.com/downloads/2006_TaxForms_Palin.pdf THose deductions are obscene. (i don't mean illegitimate, just obscene) The idea that someone can make 130k and pay less than 10% in taxes seems grossly unfair. |
| In my defense, I was left unsupervised. | |
![]() |
|
| Daniel | Oct 4 2008, 02:53 AM Post #40 |
![]()
HOLY CARP!!!
|
Really? How much do you think it costs to raise five (5) children, including a child with special needs? Please consider that the cost of living has doubled in eight (8) years, and then some. Now consider that the median household income for my state, Hawaii (Alaska is also an expensive state) is only about $50,000. Take federal, state (here we have state), SS, and Medicare, taxes, and employer deductions for employee health care contributions and the like out of that, and please get back to me about whether middle class people pay enough taxes. Most middle class people don't make what the Palins made, don't have the deductions they have, and can't afford accountants. Most middle class people pay plenty of taxes. |
![]() |
|
| Jack Frost | Oct 4 2008, 03:02 AM Post #41 |
|
Bull-Carp
|
I forgot about that part. It WOULD be fun to read the Enquirer stories though. jf |
| |
![]() |
|
| Daniel | Oct 4 2008, 03:23 AM Post #42 |
![]()
HOLY CARP!!!
|
More reason not to judge the middle class by the Palin's tax returns: http://www.huffingtonpost.com/2008/10/03/p...y_n_131791.html WTF. |
![]() |
|
| jon-nyc | Oct 4 2008, 03:31 AM Post #43 |
|
Cheers
|
Sorry, Daniel. If someone's making 3 times the average income and pays only 9% in federal taxes, that's a problem in my mind. |
| In my defense, I was left unsupervised. | |
![]() |
|
| CTPianotech | Oct 4 2008, 04:24 AM Post #44 |
|
Fulla-Carp
|
Which deductions do you think should be cut back then Jon? I did a quick run on the numbers at the TurboTax website. A single person filing with no deductions would have paid around $28K. Adding in for a spouse, and 4 children immediately brings that number down to about $15K. |
![]() |
|
| Daniel | Oct 4 2008, 04:25 AM Post #45 |
![]()
HOLY CARP!!!
|
I only wanted to point out that most middle class people don't come close to paying only that percentage of their income in taxes. |
![]() |
|
| CTPianotech | Oct 4 2008, 04:27 AM Post #46 |
|
Fulla-Carp
|
What do you consider 'middle class'? The dollar amount that it takes to live a typical 'middle class' lifestyle goes up as the family size increases. Without any other deductions, a family of 6 doesn't pay any federal income taxes until about $60,000 per year. |
![]() |
|
| Daniel | Oct 4 2008, 04:40 AM Post #47 |
![]()
HOLY CARP!!!
|
I edited my post to make my point to jon more clearly, but never mind that (it seems that there are discrepancies in how much income the Palin's made or did not make, and what is and is not taxable, according to the Huffington post link, but I want to set that aside. Middle class income for a family of 7 including a special needs child *would* be over $100,000 imo. I would think $100,000 would be scrapping by (i.e. just living, no college funds, etc.) |
![]() |
|
| jon-nyc | Oct 4 2008, 04:46 AM Post #48 |
|
Cheers
|
Which is really an obnoxious thing to do, because it can make another persons very reasonable post seem nonsensical. |
| In my defense, I was left unsupervised. | |
![]() |
|
| jon-nyc | Oct 4 2008, 04:48 AM Post #49 |
|
Cheers
|
I don't know - I'm not even sure I care. Maybe an AMT would be the best way to deal with it. |
| In my defense, I was left unsupervised. | |
![]() |
|
| jon-nyc | Oct 4 2008, 04:50 AM Post #50 |
|
Cheers
|
Yeah, which is why I think they've been cut too far. Broadly speaking, we have a situation where the middle class pay for social security and the well off pay for everything else. |
| In my defense, I was left unsupervised. | |
![]() |
|
| Go to Next Page | |
| « Previous Topic · The New Coffee Room · Next Topic » |










11:18 AM Jul 11