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Author Topic: How about taxing income per hour instead of per year?  (Read 3900 times)

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Offline NHSparky

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Re: How about taxing income per hour instead of per year?
« Reply #25 on: September 28, 2010, 01:05:15 PM »
Quote from: thundley4 on September 27, 2010, 08:57:24 AM
Does this DUmmie also think overtime pay should be taxed at a higher rate?

Essentially, it is, given the fact that the OT pushes one into a higher tax bracket and therefore that pay is taxed at a progressively higher rate.  If I work only straight time in my two weeks, I'm "contributing" about 32 percent of my pay to the federal government (not including the 7.65 percent SSI/Medicare tax my employer has to kick in).  Above that, I'm paying in excess of 40 percent federal tax/Social Security/Medicare taxes.  At least I'm not paying state taxes on top of that.

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but 'unproductive income' at 75-90%!

What exactly is "unproductive", DUmmies?  You mean investment income?  Dividends on stock?  You **do** realize that without us "evil greedy Rethuglican fundies" investing in companies vis-a-vis the purchase of stocks, your job might very well not exist?
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Offline Karin

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Re: How about taxing income per hour instead of per year?
« Reply #26 on: September 28, 2010, 01:22:53 PM »
Does anybody recall exactly when they learned these basic building blocks of American commerce?  I seem to recall in school, a teacher telling us how to fill out a check.  Otherwise, I think it was my parents and them alone who schooled me in this very basic stuff.  Public schools strike again.  (and my school was halfway decent). 
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Offline AllosaursRus

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Re: How about taxing income per hour instead of per year?
« Reply #27 on: September 28, 2010, 05:02:33 PM »
Quote from: Karin on September 28, 2010, 01:22:53 PM
Does anybody recall exactly when they learned these basic building blocks of American commerce?  I seem to recall in school, a teacher telling us how to fill out a check.  Otherwise, I think it was my parents and them alone who schooled me in this very basic stuff.  Public schools strike again.  (and my school was halfway decent). 

I took accounting in my sophomore year. My other sybs were schooled by mama on how to fill out a check. It's not like it's rocket science! Keepin' the damn thing balanced is "women's" work! Hehehehehehehehe!!!!
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Offline Randy

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Re: How about taxing income per hour instead of per year?
« Reply #28 on: September 28, 2010, 06:06:18 PM »
Quote from: AllosaursRus on September 28, 2010, 05:02:33 PM
I took accounting in my sophomore year. My other sybs were schooled by mama on how to fill out a check. It's not like it's rocket science! Keepin' the damn thing balanced is "women's" work! Hehehehehehehehe!!!!

Heck now a days with online banking and smart phones no one has any excuse for not knowing to the penny how much they have in any bank anywhere.
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