[ale] Defeated by the offshoring of America....

[Joe]

Calvin Harrigan <charrig at earthlink.net> writes:

> ><snip>
> > > > I don't think so. I am a pure W2 income employee, with a single
> > >
> > > You don't see it because of the W2 witholding scheme.
> > > You need to write a hefty quarterly estimated tax payment!
> >
> >I am *READING THESE NUMBERS OFF OF MY 2002 1040 FORM*. Please don't
> >tell me I don't know what I'm talking about. My total net income in
> >2002 was $54K, gross was $63K. That is a tax burden of 14.3%,
> >neglecting sales taxes (which I admit are a significant consideration,
> >but not *that* significant).
> >
> >Obviously, a 66% *marginal* tax rate does not mean you pay 66% on your
> >entire income. The claim made by others (not you) was that a person
> >making aroud $60K would only see 33% of their income in their
> >paycheck. That is demonstrably false.
> >
> >Cheers,
> >
> >-- Joe Knapka
> 
> Quick question, are you claiming any dependents?  Kids, etc. 

Yes, five including myself.

> Those
> make a big difference in the taxes you pay.  Single folk with no
> family does pay quite a bit in taxes.  Close to the math provided
> above...  Saying that you don't pay as much as the other guy/gal
> doesn't cause the other guy not to pay as much.

True. When I was single and making $40K, and living in Georgia,
my tax burden was closer to 40%. Still nowhere near 66%, though.

Cheers,

-- Joe Knapka
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