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Old 11-18-2010, 03:19 PM
Fast_Eddie's Avatar
Fast_Eddie Fast_Eddie is offline
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Join Date: Jul 2009
Location: Denver, CO
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I'm sorry, this is bull shit.

Quote:
Originally Posted by whell View Post
My post wasn't referring to marginal tax rates. I was referring to income tax rates.
Okay, "income tax rates". What does that mean?

(edit, because the more I think about this the more pissed I get) Income tax doesn't include FICA! So if you were talking about "income tax rates" you don't include the 6.2% or for that matter the 1.45% AT ALL.

Quote:
Originally Posted by whell View Post
We're addressing two separate subjects: marginal or effective rates (you) versus taxes on W-2 earnings (me). You suggest my numbers are misleading by posting something unrelated. Interesting debate strategy...
Here you seem to be equating marginal and effective rates, which are not the same thing. Then you say you are talking about "taxes on W-2 Earnings". That is NOT saying "just the highest rate". W-2s include everything you earn.

Quote:
Originally Posted by whell View Post
I know you're not suggesting here that taxable income is the same as W-2 income. "Taxable income" can be derived from a number of sources. W-2 income = wages. I was pretty clear about what I was referring to: W-2 income. Why try to make this into something its not?
This... just doesn't make sense.

Quote:
Originally Posted by whell View Post
Again, I was simply posting the "highest tax rate." I wasn't the one who went about attempting to (incorrectly) calculate actual tax liability.
"Again?" Where in this thread have you said that before? Even when we specifically tried to explain the concept to you, you posted stupid "W-2 blah blah" B.S. And even if we now change what we're talking about to address ONLY the higest taxes paid on any portion of income, you STILL do not get to your 40+% tax.
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Last edited by Fast_Eddie; 11-18-2010 at 03:55 PM.
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