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Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting for?
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<blockquote data-quote="satellitedriver" data-source="post: 1040586" data-attributes="member: 1664"><p><strong>Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo</strong></p><p></p><p></p><p><span style="color: #006400"><strong>Criminal? </strong></span></p><p><span style="color: #006400"><strong>What the heck are you talking about?</strong></span></p><p><span style="color: #006400"><strong>You must not understand the term effective tax rate.</strong></span></p><p><span style="color: #006400"><strong>Please read the entire link I provided to explain the basics.</strong></span></p><p><span style="color: #006400"><strong>Here it is again,</strong></span></p><p><span style="color: #006400"><strong><a href="http://www.smartmoney.com/personal-finance/taxes/whats-your-average-tax-rate-9548/" target="_blank">Average Tax Rate Calculator - SmartMoney.com</a></strong></span></p><p><span style="color: #006400"><strong></strong></span></p><p><span style="color: #006400"><strong>For the last three years I have had to use the simple 1040 tax form.</strong></span></p><p><span style="color: #006400"><strong>In 2009, our income was over $120,000.00 and the only deduction we took was married filing jointly.</strong></span></p><p><span style="color: #006400"><strong>My effective tax rate was 13.98%</strong></span></p><p><span style="color: #006400"><strong>Same deductions for 2010 and 2011.</strong></span></p><p><span style="color: #006400"><strong>My effective tax rate in 2011 was 14.36%.</strong></span></p><p><span style="color: #006400"><strong>How in the hell is this criminal? </strong></span></p><p><span style="color: #006400"><strong>I could have restarted my metal fabrication shop and my wife's stained glass business, while restarting my farm exemptions for hay production and reduced my tax to damn near zero.</strong></span></p><p><span style="color: #006400"><strong>Would it be criminal for me to do this?</strong></span></p><p><span style="color: #006400"><strong>Hell no.</strong></span></p><p><span style="color: #006400"><strong>Our present, and past, tax laws allow deductions, for the cost of doing business.</strong></span></p><p><span style="color: #006400"><strong></strong></span></p><p><span style="color: #006400"><strong>Most people -(to use your words)- voted for Obama.</strong></span></p><p><span style="color: #006400"><strong>Not a great endorsement for people that do not even know the basics of our tax revenue system.</strong></span></p><p><span style="color: #006400"><strong></strong></span></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 1040586, member: 1664"] [b]Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo[/b] [COLOR=#006400][B]Criminal? What the heck are you talking about? You must not understand the term effective tax rate. Please read the entire link I provided to explain the basics. Here it is again, [URL="http://www.smartmoney.com/personal-finance/taxes/whats-your-average-tax-rate-9548/"]Average Tax Rate Calculator - SmartMoney.com[/URL] For the last three years I have had to use the simple 1040 tax form. In 2009, our income was over $120,000.00 and the only deduction we took was married filing jointly. My effective tax rate was 13.98% Same deductions for 2010 and 2011. My effective tax rate in 2011 was 14.36%. How in the hell is this criminal? I could have restarted my metal fabrication shop and my wife's stained glass business, while restarting my farm exemptions for hay production and reduced my tax to damn near zero. Would it be criminal for me to do this? Hell no. Our present, and past, tax laws allow deductions, for the cost of doing business. Most people -(to use your words)- voted for Obama. Not a great endorsement for people that do not even know the basics of our tax revenue system. [/B][/COLOR] [/QUOTE]
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