Something that we have to admit is that in today's economy very few people have the discipline to budget for taxes and even to write a check quarterly.
Posts by Hecce
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17If you prepaid $2100.00 in taxes, Uncle Sam could refund you $9987.00
by Hecce inthere was a little bit of discussion on another thread about the results of the recent tax changes in usa.
i decided to compare whether or not the changes were favoring the lower-income class versus the middle class.
the family that i inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.. after completing the calculations, this family is getting a refund of $9981.00; the bulk of it are earned income credit $2191.00 and additional child credit $5600.00.
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17
If you prepaid $2100.00 in taxes, Uncle Sam could refund you $9987.00
by Hecce inthere was a little bit of discussion on another thread about the results of the recent tax changes in usa.
i decided to compare whether or not the changes were favoring the lower-income class versus the middle class.
the family that i inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.. after completing the calculations, this family is getting a refund of $9981.00; the bulk of it are earned income credit $2191.00 and additional child credit $5600.00.
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Hecce
The Origin of Tax Withholding
So where did the withholding tax come from? It was not part of the original income tax that resulted from the sixteenth amendment in 1913. Very few people paid any taxes back then anyway. The income tax did not directly affect the average American until World War II.
On the eve of the war, few Americans paid income taxes. Those that owed taxes paid them in one lump sum on March 15 (later changed to April 15). To pay for the war, the Revenue Act of 1942 lowered exemptions and raised income tax rates. But it also did something even more insidious—it instituted a 5 percent "Victory Tax" on all wages above an exemption of $624. The tax was to be collected by the employer and deducted from the employee's paycheck—just like the Social Security tax that began in 1935.
The Current Tax Payment Act of 1943 then revolutionized the income tax by making withholding taxes universal. The withholding tax was part of the new tax plan offered by Beardsley Ruml (1894–1960), the chairman of the New York Federal Reserve Bank and treasurer of R.H. Macy and Co. By 1945, about three-fourths of Americans were paying federal income taxes. And although the withholding tax was sold as a wartime emergency, like most expansions of government instituted during wartime, it has been a way of life for most Americans ever since.
The Curse of the Withholding Tax
The income tax allows the government to confiscate the wealth of its citizens. The curse of the withholding tax is that it allows the government to commit this crime systematically, effortlessly, painlessly, and benevolently.
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If you prepaid $2100.00 in taxes, Uncle Sam could refund you $9987.00
by Hecce inthere was a little bit of discussion on another thread about the results of the recent tax changes in usa.
i decided to compare whether or not the changes were favoring the lower-income class versus the middle class.
the family that i inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.. after completing the calculations, this family is getting a refund of $9981.00; the bulk of it are earned income credit $2191.00 and additional child credit $5600.00.
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Hecce
The link that I provided will have a simulator, it is easy to follow; just reply to some very simple questions and it will give you an estimate of what your tax situation is going to be. It is a way to verify this issue.
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Removing Mr. Trump from office.....
by mikeflood informer fbi deputy director mccabe confirms: there were discussions within the department of justice about invoking 25 th amendment to remove trump from office.... .
i mean the us democracy isn't a third world country, a least the people involved should be reprimanded, they acted like trying a coup d'etat..
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Hecce
DesirousOfChange
I started a new thread on the taxation subject, this is the title:
If you prepaid $2100.00 in taxes, Uncle Sam could refund you $9987.00
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17
If you prepaid $2100.00 in taxes, Uncle Sam could refund you $9987.00
by Hecce inthere was a little bit of discussion on another thread about the results of the recent tax changes in usa.
i decided to compare whether or not the changes were favoring the lower-income class versus the middle class.
the family that i inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.. after completing the calculations, this family is getting a refund of $9981.00; the bulk of it are earned income credit $2191.00 and additional child credit $5600.00.
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Hecce
There was a little bit of discussion on another thread about the results of the recent tax changes in USA. I decided to compare whether or not the changes were favoring the lower-income class versus the middle class. The family that I inputted into the system was a married couple with four minor dependents, their income was $44000.00 annually and they paid $2100.00 in taxes during the year.
After completing the calculations, this family is getting a refund of $9981.00; the bulk of it are Earned Income Credit $2191.00 and Additional Child Credit $5600.00. I also compared the difference between their previous year taxes and the current ones and using the same figures they are getting an additional $2503.00, or 25% more as a result of the tax changes.
I reaffirm my conclusion that the tax law was designed to favor the lower-income people, that the middle class is the one paying the price and that President Trump is going to pay a political price for it.
If anyone wishes to play around with figures and make comparisons, they can visit this site:
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New Upcoming Changes - No More Publisher Record Cards & Reporting Hours
by thedepressedsoul inpublisher record cards and reporting hours will be going away.
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coming soon.. made this post 4 years ago, it happened - https://www.jehovahs-witness.com/topic/24020002/kingdom-consolidation-sales-coming-reliable-source.
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Hecce
There is a strong possibility that this is true and coming. They have made changes more monumental that this one, like the dismantling of the Bethel families and the Congregations merger.
One thing that is obvious is that field service is not what it use to be, the majority of the reported activity is just fake service and remember that the original reports were just a way for the colporteurs to report their sales and request new supplies.
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Removing Mr. Trump from office.....
by mikeflood informer fbi deputy director mccabe confirms: there were discussions within the department of justice about invoking 25 th amendment to remove trump from office.... .
i mean the us democracy isn't a third world country, a least the people involved should be reprimanded, they acted like trying a coup d'etat..
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Hecce
Jamal Khashoggi was not a US citizen. What do you think should have occurred? A war perhaps?
Agree with this 1000%
Politics is a dirty business, specially in that part of the world; not worth to get involved in that cesspool of intrigue and mayhem.
Rather that use the law enforcement efforts of the US in that case, I will like to see a true an serious investigation into the death of a DNC official named Seth Rich; gunned down in Washington DC and never solved.
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97
Removing Mr. Trump from office.....
by mikeflood informer fbi deputy director mccabe confirms: there were discussions within the department of justice about invoking 25 th amendment to remove trump from office.... .
i mean the us democracy isn't a third world country, a least the people involved should be reprimanded, they acted like trying a coup d'etat..
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Hecce
The 25th Amendment was adopted after Nixon.
Wrong
The 25th Amendment, proposed by Congress and ratified by the states in the aftermath of the assassination of President John F. Kennedy, provides the procedures for replacing the president or vice president in the event of death, removal, resignation, or incapacitation.
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97
Removing Mr. Trump from office.....
by mikeflood informer fbi deputy director mccabe confirms: there were discussions within the department of justice about invoking 25 th amendment to remove trump from office.... .
i mean the us democracy isn't a third world country, a least the people involved should be reprimanded, they acted like trying a coup d'etat..
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Hecce
Della
I could rebut all of your allegations against Trump, but I think that you are missing the whole purpose of this thread.
Now, if he is as bad as you said; please tell me about the process to remove him from office and whether or not it has been followed by the FBI and the DOJ?
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97
Removing Mr. Trump from office.....
by mikeflood informer fbi deputy director mccabe confirms: there were discussions within the department of justice about invoking 25 th amendment to remove trump from office.... .
i mean the us democracy isn't a third world country, a least the people involved should be reprimanded, they acted like trying a coup d'etat..
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Hecce
Desirous
It is a game, here is some information about how the low income families will benefit from this; not that they will pay more but the credits that they will get are considerable higher due to the better standard exemption:
https://www.eitcoutreach.org/blog/how-much-are-the-eitc-and-ctc-worth-in-2019/