Your Money

Discussion in 'The Back Room' started by JO'Co, Aug 9, 2012.

  1. JO'Co

    JO'Co Well-Known Member

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    Report finds widespread fraud in taxpayer ID program

    Read more: http://www.foxnews.com/politics/2012/08/08/treasury-inspector-general-says-changes-are-needed-to-detect-fraud/#ixzz232TwXlTM
     
    JO'Co, Aug 9, 2012
    #1
  2. George Krebs

    George Krebs Well-Known Member

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    If we would only tax the "rich" more everything would be better. :lol:
     
    George Krebs, Aug 9, 2012
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  3. JO'Co

    JO'Co Well-Known Member

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    :idea:
    I was watching Squawk Box earlier in the week...

    http://www.cnbc.com/id/15838368

    ...and Joe Kernan made a point about taxes and who pays them. According to Kernan, the top 20% pays 94% of all the taxes collected by the federal government. The next 20% pays almost nothing and the bottom 60% actually receives money from the feds......paying less than nothing.
     
    JO'Co, Aug 9, 2012
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  4. George Krebs

    George Krebs Well-Known Member

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    If Kernan is even remotely correct, then guess who gets hammered by Obamacare, Dave.
     
    George Krebs, Aug 9, 2012
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  5. Motorcity Gator

    Motorcity Gator Well-Known Member

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    Always made too much to get the medical deductions after the 7.5% expenditure of income so no loss of deduction there.

    Not lucky enough to have a Cadillac healthcare plan and my wife's jobs since moving to Florida have been too unstable to go full bore with a cafe plan so where does it get me?

    FYI...the link did not provide the article to read so what am I missing?

    My tax bracket under Bush was always the one where you get absolutely slaughtered:
    No stimulus money
    No child tax credits
    No credits of any kind for that matter
    limited deductibles based on higher earnings
    and last but definitely not least.........that dad blasted AMT!! :evil:
     
    Motorcity Gator, Aug 9, 2012
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  6. gipper

    gipper Well-Known Member

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    Actually, they've been too busy going over Romney's past returns to bother with such trivial things as tens of millions defrauded from them.
     
    gipper, Aug 9, 2012
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  7. JO'Co

    JO'Co Well-Known Member

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    :idea:
    My link didn't contain an article, because I wasn't quoting an article. It's a TV show that's on every morning on CNBC, that leads up to the opening bell of the New York Stock Exchange. Kernan said this on the air. It was a brief statement and I quoted him, because I had heard this stat from several other sources before...

    re: Obamacare

    Remember, there are 21 new taxes in this law and they all go into effect on January 1. It's not just what you pay for medical care; it's all those new taxes on top of what you will be forced to pay for Obamacare...
     
    JO'Co, Aug 9, 2012
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