Posted by Andy 1 year ago In:

Andy
Andy Asked:

How much money did you earn last year and what percentage in taxes are you paying to the government (federal AND state)?

I was prompted by this news: "Obama took in $789,674 in income last year, Reuters reports, and will turn over 20.5% of that to the federal government. Romney, on the other hand, made $20.9 million, but according to his own estimates, will only face a 15.4% income tax."
http://apps.facebook.com/dailysocial/article/2012/04/13/041312-news-obama-tax

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Ol' Yeddar
Ol' Yeddar Answered:

I did not take in much money. Being that I am getting social security, that would be my money that the government took from me over a long period of years, I am not paying taxes.

And what is the practical result of taking large amounts of money from the people so rich that they don't even know my name? Just how long would all that money last when applied to our ever increasing national debt.

Hey, Frankie- should I post the national debt clock, again?

Keep close to Nature's heart... climb a mountain or spend a week in the woods. Wash your spirit clean.* Victims of circumstance owe it to fate. Victims of choice owe it to themselves.*One of the widest gaps in human experience is the gap between what we say we want to be and our willingness to discipline ourselves to get there.
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Ol' Yeddar
Ol' Yeddar Answered:

Mebbe so.

 

Uncle Frank

Keep close to Nature's heart... climb a mountain or spend a week in the woods. Wash your spirit clean.* Victims of circumstance owe it to fate. Victims of choice owe it to themselves.*One of the widest gaps in human experience is the gap between what we say we want to be and our willingness to discipline ourselves to get there.
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Ol' Yeddar
Ol' Yeddar Answered:

Times flies

 

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority  always votes for the candidates promising the most benefits from the public  treasury, with the result that a democracy always collapses over loose fiscal  policy, always followed by a dictatorship." - Alexander Tyler 1787 -

Keep close to Nature's heart... climb a mountain or spend a week in the woods. Wash your spirit clean.* Victims of circumstance owe it to fate. Victims of choice owe it to themselves.*One of the widest gaps in human experience is the gap between what we say we want to be and our willingness to discipline ourselves to get there.
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