How much do you pay each year on the Federal level to help the pours?
I determined that about 26% of our family's Federal tax bill went to wealth transfer payments. Or looking at it another way, about 3.9% of our taxable income went towards helping the pours on a Federal level.
Following are the programs I considered to be means-tested, transfer payments.
Health
*Medicaid
*Children's Health Insurance Program
Unemployment and Labor
* Earned Income Tax Credit
* Temporary Assistance for Needy Families
* Low Income Home Energy Assistance Program
Veterans Benefits
* Income Support
Food and Agriculture
*SNAP (food stamps)
*School Lunch & other food programs
Education
*Federal Student Aid
Housing and Community
*Affordable Housing Programs
I left off Medicare although undoubtedly there is some wealth transfer going on here- i.e., old people collectively receiving more in benefits from the program than they paid into the system in payroll taxes.
Comments
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too much.YellowSnow said:Chinteresting site here where you can enter how much you paid in Federal Income Tax in 2017 and get an itemized breakdown of where each dollar went: https://www.nationalpriorities.org/interactive-data/taxday/
I determined that about 26% of our family's Federal tax bill went to wealth transfer payments. Or looking at it another way, about 3.9% of our taxable income went towards helping the pours on a Federal level.
Following are the programs I considered to be means-tested, transfer payments.
Health
*Medicaid
*Children's Health Insurance Program
Unemployment and Labor
* Earned Income Tax Credit
* Temporary Assistance for Needy Families
* Low Income Home Energy Assistance Program
Veterans Benefits
* Income Support
Food and Agriculture
*SNAP (food stamps)
*School Lunch & other food programs
Education
*Federal Student Aid
Housing and Community
*Affordable Housing Programs
I left off Medicare although undoubtedly there is some wealth transfer going on here- i.e., old people collectively receiving more in benefits from the program than they paid into the system in payroll taxes.
tell the pour to get to work! this is american, not sweden. -
Does anyone here make enough to pay federal income tax?
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Yes!!!!!!!!!!!!!!!2001400ex said:Does anyone here make enough to pay federal income tax?
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People forget that you don't actually have to have the federal government take your money by force in order for you to help the poor
I don't do my giving on the street corner to get rewarded by man. I give in secret so my Father in heaven can reward me -
That's true for you. But there's not reward in heaven for me, so I'm stuck having to do my good works through the tax code.RaceBannon said:People forget that you don't actually have to have the federal government take your money by force in order for you to help the poor
I don't do my giving on the street corner to get rewarded by man. I give in secret so my Father in heaven can reward me
Here's a honest question @RaceBannon , as a someone who voted for Obama in 2008, were you concerned at the time about him raising your taxes and what not? I mean, what was the calculus here? -
I was not concerned about him raising my taxes because I knew he was lying when he said he wanted to get rid of the Bush tax cut and I was right.
Unlike the idiots here other than you and me I understand that there is a sweet spot on taxation both individual and corporate that stokes the economy and I vote accordingly
We will never tax ourselves to a balanced budget so it isn't even a concern. Neither party will cut spending to get us balanced so that is a pipe dream as well.
The only positive is that I have been hearing about the dangers of the debt for 50 years and yet here we are. As long as we run the world our debt doesn't matter. When we fall the debt will be the least of our concerns anyway
I don't get my economic advice from HBO comedians or burger flippers either
Trump has done a very good job on the economy so far and that only adds to the derangement which is nice.
Some polls have him closing in in 30% approval among Blacks which is pretty much the apocalypse for the democrats
Its my money that I earn with my hard work is my calculus.
Be a good neighbor and give of your income to help others. What you send to DC is flushed down the crapper -
YellowSnow said:
That's true for you. But there's not reward in heaven for me, so I'm stuck having to do my good works through the tax code.RaceBannon said:People forget that you don't actually have to have the federal government take your money by force in order for you to help the poor
I don't do my giving on the street corner to get rewarded by man. I give in secret so my Father in heaven can reward me
Here's a honest question @RaceBannon , as a someone who voted for Obama in 2008, were you concerned at the time about him raising your taxes and what not? I mean, what was the calculus here?
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It's always smart to cover your bases. Just in case ....RaceBannon said:People forget that you don't actually have to have the federal government take your money by force in order for you to help the poor
I don't do my giving on the street corner to get rewarded by man. I give in secret so my Father in heaven can reward me -
I thank you all for your generosity
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When I was broke, tens of thousands of dollars in debt and facing eviction everything broke my way. I got myself into the mess and Dad got me outcreepycoug said:
It's always smart to cover your bases. Just in case ....RaceBannon said:People forget that you don't actually have to have the federal government take your money by force in order for you to help the poor
I don't do my giving on the street corner to get rewarded by man. I give in secret so my Father in heaven can reward me
