Tax the Addicted..

this is as old as the hills...they are called sin taxes

not funny... :'(

You're right it isn't funny at all..

Never heard of "sin taxes" though til now..

Most of us really don't even know what an addiction is til we experienced it, because when i first started cigs, coffee, even booze.. i had no idea how it was going to be, someone knew something..

Did i mention the higher taxes on Coffee and fastfood?

Why tax ANYONE?  We have created giant/ expensive government systems that we cannot afford.  Obama and the Polosi Democrats just raised the debt ceiling to almost 15 trillion dollars.  What we owe is so large, that putting huge taxes on everyone would not raise enough money to satisfy our government's lust for spending. 

Keep taxes low...including so called sin taxes.  And cut spending.

Nal.....YES...RETRO refunds!

The government spends too much....and the citizens get zero.

oh THAT even sounds better!!  you definately have my vote 

i owe from being audited... ::) ::) ::), silly me...

talk about sin tax 

All I can say is thank goodness for P.A.Y.E. in the UK.

Pay As You Earn.  We pay tax on our earnings, savings and anything else the govt. can think of but I'm thankful we get our income taxed at source because I know I would never save up to pay it at the end of the tax year.

Can someone in the US tell me whether you pay tax on your earnings before you are paid your earnings or is it all taxed at the end of the tax year for you?

blue

Taxes are taken from our paychecks..
Theres Federal, State (where aplicable) and Social Security..

Tips are also taxed, if you are a tipped employee

It is also set on how many dependents claimed and also your status.. like single, married, head of household, theres different rates you pay for those choices

At the end of the year if you didn;t pay enough, you owe, if you over paid then your are owed

Alot of people like myself like to over pay so at the end of the year we get that big tax refund

So does that mean you have to pay tax on your earnings again at some point?

I'm a bit confused by your tax laws.

blue

All you paid in during your employment goes towards what you owe towards a total of the year.

say you made 50,000 the tax on 50,000.. is 5,000.. you paid in 10,000 (taken from your check) you get the difference. If you paid, say only 3,000 you owe that difference of 2,000.
This is only an example of straight tax paid.

Theres alot of tax breaks we do get i can't really list them all, but the main and highest one is "earned income credit" that is usually for people with dependents, and the amount you get can wipe out what you owe and also end you with getting a refund.

Imagin.ation? I am sending you my taxes to do. 

I will no longer fear April 15th with you on my side.  You seem to have a good idea of how it works. I'll bring all my paperwork. It is here in the shoe box, some in the garage, some in the ...oh where did I put the rest of it.  Oh well, I dont need receipts do I?   

Seriously, anytime here in Michigan they need money? They tax the beer and the smokes.  If you give up one habit, they still get you on the other one. 

The other thing they tax is gas. Like who doesn't need petro? We have one of the highest gas tax there is .

                                                                PMM

Lol Pam

I only explained the simple taxes, if i talked about the taxes on houses, property, cars, boats, owning your own business, business expenses, tipped employees, medical, higher pay brackets, you know all that crap.. she'd be even more confused..
That was only a basic idea.. the more you own the more you pay and the less break you get.. its so sad..

Not to mention the gas, cigs, booze, magazines, candy & chips, fastfood, and hot food you buy in stores.. its crazy!!!

What i typed was only an example, it it not actual amounts..

But here is the actual amount on 50,000 filing single 8,681.00
filing head of household status on 50,000 is 7,346.00

Here in Vegas, and i don't know where else if you had big wins, the ones where you are hand paid and signed the tax form, if you have saved your ATM reciepts from the casino, showing how much you withdrew, you can claim wins agianst loses, making it even out.

Thanks Imagin.

But then - and this is the other bit I don't get - you pay tax when you buy stuff.  Even a meal or just your normal shopping.  So for example - you spend $100 you pay an extra 6% on top of that when you get to the checkout.

Whats that all about?

Food we are not taxed on, its non foods(uneditible items) and cooked foods (example soaps, shampoos, appliances, fastfoods) we are taxed on..

How i can explain it to make it easy..

You are taxed on a certain amount you make (this varies we know this, this is your yearly income) at the end of the year, there are deductions they take off, such as an amount for being single they have set a certain amount to deduct from your year that they have calulated being that is how much in taxes you already paid towards soaps, shampoos and other taxable items.. what you spend is calulated and is set, being married, head of household, single.. they all have different amounts set to deduct that is fugured for how much they beleive you have paid in the year, like people with children have to buy diapers they pay more taxes so as they get a tax break "earned income credit" they figure people without children don't have that extra expense of taxes..

ye gods - it sounds very complex.

Thank you Imagin and Tony for the explanations.  Its all a lot clearer now.

blue

For an example..

if you are single and made 50,000, the standard deduction is 5,700 making it that you now are going to be taxed on 44,300.. which will reduce it

That standard deduction is what they beleive you have paid during the year on taxes for a person being single

If you beleive you have paid more then that as a single person, you can itemize your deduction.. meaning you need all receipts or just choose the standard, alot of people that own alot more things usually itemize

WE THE PEOPLE...we tax ourselves,we enslave ourselves, we degrade and dehumanize ourselves, we steal from ourselves,and we coward beneath ourselves. A government OF THE PEOPLE, FOR THE PEOPLE AND BY THE PEOPLE...remember?