I Got Robbed Today!

Local_Historian wrote: Wow - perhaps you need to look at how your W4 is set up.

Really lol ..What a moron..

The Viking wrote: And more......

http://www.humanevents.com/article.php?id=46217

It's amazing. I literally have to try and DROP my IQ about 20 points just to try and communicate with a few people in here. You guys just keep repeating the MSM talking points without even checking to see that they are not true.

Viking ....you left off a zero....it's more like 200. Facts are stubborn things. Funny how the knuckleheads support the investment of solar energy.

The play for solar energy is about real estate and not about climate change....these climate change religious nuts are the instruments of the rich they hate. The rich have bought up worthless land and are converting the land into solar farms. It's amazing how stupid the left really is.

You mean the TARP program that BUSH signed before leaving office, (after the worst recession since the Great Depression started on HIS watch?) THAT program?

I'm wondering why they're still counting all that money as "failures" when most of the companies that got the loans have paid them all back--WITH INTEREST, and the Government MADE money on them!? Yes, there were a few that didn't, but overall, the auto industry was saved, the 3rd-party suppliers were saved, and millions of jobs were saved...

(Oh...that....)

The only problem with the stimulus is that it wasn't big enough.

TARP Repayments Surpass Loans

WASHINGTON—The U.S. Treasury Department said Friday the total amount repaid to taxpayers for government funds used to bail out U.S. companies has surpassed, for the first time, the amount of outstanding debt.

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, reported TARP repayments reached $194 billion, which has exceeded by $4 billion the total amount of outstanding debt—$190 billion.

However, the outstanding debt amount does not include $106.36 billion that has been committed to institutions but has yet to be paid out by the Treasury. Factoring in that amount, the outstanding debt would be roughly $296 billion.

According to the report, $489.88 billion has been committed to specific institutions, and $383.52 billion of that has been paid out by Treasury. The department said it does not expect to use more than $550 billion of the $700 billion program.

http://online.wsj.com/article/SB1000142 ... 92016.html

And before you jump all over it:

Banks Pay Back TARP Funds by. . .Borrowing From Treasury

Most of the big banks have repaid the government funds they received under the Capital Purchase Program (CPP), the pillar of TARP under which Treasury bought preferred shares in the nation's banks. Enough so that, combined with dividends and sales of warrants, Treasury has declared that taxpayers have earned a profit on the CPP. Thus far, $245 billion has gone out, and $255 billion in repayments, interest and warrants has come back, yielding a profit to taxpayers of $10 billion. And there's several billion more where that came from.

Many of the small banks that took relatively small chunks of capital have been slower to exit. Last week, however, there was a mini stampede. The transactions are reported here . Eight banks paid back their funds on July 14. That adds up to a total of $103.3 million.

All of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . borrowing from another program run by the Treasury Department.

http://finance.yahoo.com/blogs/daniel-g ... 58852.html


So, leave it to the slimeballs at the banks, (who, because of the deregulation, got us into the mess in the first place), to find a way to do by just switching it from one government pocket to another.

All of which has NOTHING to do with RT claiming he's been robbed by paying the taxes that have been in place for YEARS, at the lower rates that BUSH instituted, (which were supposed to be temporary), and if he's paying 47%, it's his own damn fault, when there are ways to mitigate it.

pineinthegrass wrote: Joe, as I mentioned earlier, you do get about half of that 15% back as an adjustment to your AGI when you do your taxes, don't you?

Pine (nice avatar LOL), yes you are right. There are several modifications to the 15.3% SE payroll tax. One is a .9235 multiplier. The second is 1/2 is deducted from your AGI. I ran some numbers and at 60K, 25% bracket, the 15.3% is effectively reduced to 11.6% I think.

There is a nice excell spreadsheet online that can be used to play with these numbers and also useful for estimated taxes. http://home.mchsi.com/~taxcalculator/

So that would make the numbers 25+11.6+4.63 for a 25% income bracket. 41.23% Total "marginal" rate on added earned income.

You deadbeat POS, paying taxes is patriotic..Get off the roads if you don't wanna pay for them-

http://abcnews.go.com/Politics/video/bi ... c-14564504

Why all the venom from the left? I am just pointing out what the complicated numbers are and the fact that marginal rates are a pretty high number for many. The roads are paid for by gas taxes McFly.

Joe wrote: Why all the venom from the left? I am just pointing out what the complicated numbers are and the fact that marginal rates are a pretty high number for many. The roads are paid for by gas taxes McFly.

.....his social security disability payments are paid by income taxes....but don't tell him that.

Joe wrote: The roads are paid for by gas taxes McFly.

You should remind your conservative friend of that... He likes to include gas-taxes with his outrage-of-the-day about "all the taxes"...even when reminded that they have nothing to do with the federal taxes taken out of a paycheck...

The Bear wrote: How many Taxes can we name, Fed Income, State income, Social Sec., Medicare, State sales tax, License plate tax, taxes on utilizes, gasoline tax, Please feel free to add. Seems the social contract is a little lopsided. And I forgot one close to my heart, liquor tax.

(Of course State sales tax, License plate tax, taxes on utilities, and liquor taxes don't either... but I love to watch a good incoherent rant...)

Could we consider a 401K contribution another tax? I remember the main sales pitch by the government for the 401K in 80's was a way insure WORKING Americans that they would have retirement money because the government couldn't guarantee the social security funds they are/were confiscating.