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Federal Taxes - 2/17/2012 10:26:25 AM

Nosathro

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From: Orange County, California
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Well it is that time of year by the way we get two more days to file our taxes this year. I was looking through the tax booklet and found something funny...(well maybe not funny at all). If you are single and made $5.00 to $15.00 last year you owe the Feds $1.00. Don't know how anyone could live off the amount let alone pay the tax on it. Then I remember reading about all the Corporations and Government people not paying taxes. There are 24 people working at the White House and the Vice President did not pay taxes until it was learned during the last election. Now if I was the guy who made $15.00 and did not pay the $1.00 who do you think the IRS would go after, me or those who have not paid in years and owe Millions?

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RE: Federal Taxes - 2/17/2012 10:31:56 AM

tazzygirl

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That would be 5 to 15 dollars after deductions. Which means you are making far more than just that amount. $5,700.00. for standard deductions plus $3,700 for a personal exemption. Meaning a person would have to make $9,405.00 before your statement becomes true. I havent verified the tax amount you state.

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RE: Federal Taxes - 2/17/2012 10:33:41 AM

LadyHibiscus

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That's $5 to $15 of TAXABLE INCOME. Each person gets a standard deduction and personal exemption---so a single person wouldn't pay tax until they had income of $9500.

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RE: Federal Taxes - 2/17/2012 10:34:08 AM

SternSkipper

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Joined: 3/7/2004
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quote:

Well it is that time of year by the way we get two more days to file our taxes this year. I was looking through the tax booklet and found something funny...(well maybe not funny at all). If you are single and made $5.00 to $15.00 last year you owe the Feds $1.00. Don't know how anyone could live off the amount let alone pay the tax on it. Then I remember reading about all the Corporations and Government people not paying taxes. There are 24 people working at the White House and the Vice President did not pay taxes until it was learned during the last election. Now if I was the guy who made $15.00 and did not pay the $1.00 who do you think the IRS would go after, me or those who have not paid in years and owe Millions?

If you made $15.00 last year, you earned no taxable income.
Oh, and those people you are concerned about having been not paying their taxes in the White House... well they're gone and as to the Vice President... You would be a national hero if you could bring him in for the taxes he actually owes with all the fucking wheeling and dealing he did on behalf of the Haliburton Corporation.

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RE: Federal Taxes - 2/17/2012 10:36:37 AM

kalikshama