DesideriScuri -> RE: Obama knows best (4/10/2013 7:38:50 AM)
|
quote:
ORIGINAL: mnottertail quote:
The reports showed the gross income and the deductions It did not whatsoever show gross income and deductions, read the fucking thing, that was AGI in the left column and then some MORE wartime type deductions, for an (IDK) AGI-AGI.....and none of the numbers add up from one to another, again, I may be missing something, but it is gonna be a nefarious something because I make my living knowing numbers, what they mean, checking out the assumptions and the deals, and those numbers do not add, the quality of the paper is such that we cannot easily determine the footnotes and what they portray, but it is very simple, show me how they got to the 62.2 percent on page 100 line 37, what number divided what number (where that number could come from) in that line. And you are being inumerate (which is always the case with you) and it does not fit into my belief system that numbers that purport to be something should correllate and make sense in context. And I am damn proud to hold that belief, if more did, you would see that the teabaggers are not and will never be 'fiscally conservative', they are inumerate buffoons. And the idea is and was, and has certainly been proven there was no 91-94% tax paid. Not even 40-60% tax paid, the nominal rate is so far from the actual effective tax rate it is looking like I said, around 20% but I am willing to concede 25% to be a nice guy. Just like Romney actually pays around 13% and is not at all overtaxed, because a lot of middle classers and poor folks pay a fuck of a lot more in actual effective tax rates. Check this out. And, for the 1944 return, check out page 9. quote:
Adjusted gross income, introduced by the 1944 act, is defined as grossincome minus allowable trade and business deductions, expenses of travel and lodging in connection with employment, reimbursed expenses inconnection with employment, deductions attributable to rents and royalties, deductions for depreciation and depletion allowable to life tenants and income beneficiaries of property held in trust, and allowable losses from sales of property. Adjusted gross income provides a means whereby different kinds of gross income are placed substantially on a par with each other ; and, in cases where the adjusted gross income is less than $5,000, the tax liability may be determined on the basis of adjusted gross income, directly from the tax table, at the option of the taxpayer. Before the concept of adjusted gross income was introduced, tax rates could not be applied to the income of persons engaged in business or profession until the net income had been determined, i. e., after there had been deducted not only the cost of doing business but also deductions and credits the law allowed, including allowable personal expenses such as contributions, medical expenses, taxes, interest, and casualty losses . Apparently, the AGI we have now wasn't exactly the same AGI we have now. So, what were you saying about reading the document?
|
|
|
|