Income Tax
By bestboy19
@bestboy19 (5478)
United States
February 20, 2012 7:24pm CST
I just finished filling out my income tax. As a former middle class individual soon to inter the ranks of the lower incomers, please Mr. Obama, don't try to help us, I for one can't afford it.
3 responses
@lampar (7584)
• United States
23 Feb 12
After filling the income tax return, you are officiallly enter in the rank of low income earner from middle class individual, that must be really scary!! May be millionaires can move a step higher into billionaire club after filling up their income tax returns.
@lampar (7584)
• United States
23 Feb 12
I seriously doubt that millionaire is going to fair worse under any new tax code, even if a millionaire is asked to pay few thousand extra for his earning, he will still end up with plenty of extra net income in his pocket compare to middle and low income earner; not even mention there is always plenty of provision in the tax code where he can take advantage of to avoid paying the fair share of his income, for example, a millionaire may get tax credit for his second and third million dollar mortgage home and vacation massion, his luxury speed boat, brand new Ferari, yearly stravel expenses, etc... basically after all these perfectly legitimate deductible allowances, he will end up as a middle income earner in his net income payable, the super-rich going to fair worse is not going to happen in US anytime soon.
@bestboy19 (5478)
• United States
23 Feb 12
With Obama's attack of money earners, I would think millionaires might fair even worse.
@bobmnu (8157)
• United States
21 Feb 12
Keep in mind that the politicians sold the income tax as a tax on the very rich. how did it ever become a tax on the working man? Just remember Senator Obama told us he wanted to make the rich pay their fair share. then he changed it to millionaires, then those making more than $250,000 and finally to those in the top 5% (making over $175,000). Soon he will change the language and you will become the rich, while how many of his cabinet members and members of his administration "forgot" to pay their taxes. Don't forget the study that shows thousands of federal employees who owe back taxes and still work for the government.
Smile because the income tax is only for the rich.
@bestboy19 (5478)
• United States
21 Feb 12
I guess there's a new definition for rich, anyone who makes money the old fashion way, they earn it.
@stealthy (8181)
• United States
22 Feb 12
Obamacare alone is full of tax increases. Besides having parts that are unconstitutional this legislation makes it harder for regular people to afford healthcare and easier. Of course we tax payers provide Obama and congress with the best healthcare our tax dollars can provide for life.
@bestboy19 (5478)
• United States
23 Feb 12
With what we tax payers have provided for the President and Congress, you'd think they would do something for us, not to us.