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Sociofan 04-14-2006 08:40 PM

F-ing Outrage!!!!!!
 
I just saw the numbers from Dick Cheney's tax return. Talk about a friggin scam. The dude makes $8.82 million last year and ultimately pays only 6% income tax!!!!!!! 6%? Do you realize how much more the rest of us paid this year? Our tax breaks get cut off once we make too much and we fall into that g-damned AMT. I can't deduct student loans, can't deduct certain job related expenses, can't deduct certain market losses, can't deduct a whole boatload of things leaving me with an effective tax rate over 17 percent. How the hell does he get so many breaks????

This is exactly how "the rich get richer". Thank you f-ing Bush. You are a friggin whore to your buddies with your targeted tax breaks.

jhold4th 04-14-2006 09:22 PM

Re: F-ing Outrage!!!!!!
 
[quote=Sociofan]I just saw the numbers from Dick Cheney's tax return. Talk about a friggin scam. The dude makes $8.82 million last year and ultimately pays only 6% income tax!!!!!!! 6%? Do you realize how much more the rest of us paid this year? Our tax breaks get cut off once we make too much and we fall into that g-damned AMT. I can't deduct student loans, can't deduct certain job related expenses, can't deduct certain market losses, can't deduct a whole boatload of things leaving me with an effective tax rate over 17 percent. How the hell does he get so many breaks????

This is exactly how "the rich get richer". Thank you f-ing Bush. You are a friggin whore to your buddies with your targeted tax breaks.[/quote]

So...you're upset. Am I right?

cpayne5 04-14-2006 09:43 PM

Re: F-ing Outrage!!!!!!
 
[QUOTE=Sociofan]I just saw the numbers from Dick Cheney's tax return. Talk about a friggin scam. The dude makes $8.82 million last year and ultimately pays only 6% income tax!!!!!!! 6%? Do you realize how much more the rest of us paid this year? Our tax breaks get cut off once we make too much and we fall into that g-damned AMT. I can't deduct student loans, can't deduct certain job related expenses, can't deduct certain market losses, can't deduct a whole boatload of things leaving me with an effective tax rate over 17 percent. How the hell does he get so many breaks????

This is exactly how "the rich get richer". Thank you f-ing Bush. You are a friggin whore to your buddies with your targeted tax breaks.[/QUOTE]
It looks like the Cheney's donated about $6.9 million of that $8.8million figure. Their adjusted income then comes to $1.95million. They then owed about $525k in taxes. This comes to ~25%. Not even close to the 6% figure you claim.

cpayne5 04-14-2006 09:48 PM

Re: F-ing Outrage!!!!!!
 
Also, President Bush paid a comparable 25% ($187k tax bill for $735k income).

Sociofan 04-14-2006 09:58 PM

Re: F-ing Outrage!!!!!!
 
[quote=cpayne5]It looks like the Cheney's donated about $6.9 million of that $8.8million figure. Their adjusted income then comes to $1.95million. They then owed about $525k in taxes. This comes to ~25%. Not even close to the 6% figure you claim.[/quote]

You must have more numbers than I saw. $6.9 million to charity? I want to see his Schedule A and his "Non-Exempt Charitable Trust" forms.

FRPLG 04-14-2006 10:00 PM

Re: F-ing Outrage!!!!!!
 
[QUOTE=Sociofan]You must have more numbers than I saw. $6.9 million to charity? I want to see his Schedule A and his "Non-Exempt Charitable Trust" forms.[/QUOTE]
Or you could get off your soap-box and realize that Bush's "buddies" with their "targeted tax breaks" pay upwards of 90% of all incomes taxes in this country.

cpayne5 04-14-2006 10:04 PM

Re: F-ing Outrage!!!!!!
 
[QUOTE=Sociofan]You must have more numbers than I saw. $6.9 million to charity? I want to see his Schedule A and his "Non-Exempt Charitable Trust" forms.[/QUOTE]
[url]http://news.yahoo.com/s/ap/20060415/ap_on_go_pr_wh/bush_income_taxes;_ylt=AtWE.mz67MAAuE_.RIDEMISs0NUE;_ylu=X3oDMTA3b2NibDltBHNlYwM3MTY-[/url]

"The Cheneys reported adjusted gross income of nearly $8.82 million, a number largely padded with income they received by exercising stock options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock options and royalties earned on Mrs. Cheney's books: "America: A Patriotic Primer," "A is for Abigail: An Almanac of Amazing American Women" and "When Washington Crossed the Delaware: A Wintertime Story for Young Patriots."

Recipients of their charitable donations included: George Washington University Medical Faculty Associates for the benefit of the Cardiothoracic Institute, the University of Wyoming Foundation and Capital Partners for Education, to benefit low-income high school students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income was $1.95 million on which they owed $529,636 in taxes, according to a statement released by the vice president's office.

Since the Cheneys paid $2.46 million in withholding and estimated taxes over the year, they were entitled to a refund of about $1.93 million.

The Cheneys' income included the vice president's $205,031 government salary and $211,465 in deferred compensation from Halliburton Co., the Dallas-based energy services firm he headed until Aug. 16, 2000."

Schneed10 04-14-2006 10:26 PM

Re: F-ing Outrage!!!!!!
 
[quote=Sociofan]I just saw the numbers from Dick Cheney's tax return. Talk about a friggin scam. The dude makes $8.82 million last year and ultimately pays only 6% income tax!!!!!!! 6%? Do you realize how much more the rest of us paid this year? Our tax breaks get cut off once we make too much and we fall into that g-damned AMT. I can't deduct student loans, can't deduct certain job related expenses, can't deduct certain market losses, can't deduct a whole boatload of things leaving me with an effective tax rate over 17 percent. How the hell does he get so many breaks????

This is exactly how "the rich get richer". Thank you f-ing Bush. You are a friggin whore to your buddies with your targeted tax breaks.[/quote]

This is terrible analysis, looking only at the surface and examining only the most basic of numbers. Do a little digging next time before you climb his case.

Coming up with a figure of 6% had to tip you off that you had something wrong. We have a graduated tax rate you know.

Sociofan 04-14-2006 11:08 PM

Re: F-ing Outrage!!!!!!
 
Ease up people.

I just finished my taxes and I needed to vent. The Cheney story was a convenient target...as he always avails himself to such.

That Guy 04-15-2006 02:08 AM

Re: F-ing Outrage!!!!!!
 
most unpaid taxes are due to small businesses overreporting deductions or big corps hiding money in overseas accounts.

dmek25 04-15-2006 06:23 AM

Re: F-ing Outrage!!!!!!
 
frplg are you kidding me?90 % ? doesnt it only make sense that the people making the big money should pay more taxes?

Schneed10 04-15-2006 09:41 AM

Re: F-ing Outrage!!!!!!
 
[quote=dmek25]frplg are you kidding me?90 % ? doesnt it only make sense that the people making the big money should pay more taxes?[/quote]

Yeah it does make sense. But I think FRPLG's point is we should all be thankful that there are people and businesses in this country making that kind of money, because they're the ones doing the heavy lifting when it comes to financing the federal budget.

cpayne5 04-15-2006 11:11 AM

Re: F-ing Outrage!!!!!!
 
[QUOTE=Sociofan]Ease up people.

I just finished my taxes and I needed to vent. The Cheney story was a convenient target...as he always avails himself to such.[/QUOTE]
Anything can be a target if you make up numbers like you did, I guess.

EternalEnigma21 04-15-2006 11:22 AM

Re: F-ing Outrage!!!!!!
 
well i provide for my wife and now 2 kids, and still pay over 30 % consistantly.

cpayne5 04-15-2006 11:47 AM

Re: F-ing Outrage!!!!!!
 
[QUOTE=canthetuna]well i provide for my wife and now 2 kids, and still pay over 30 % consistantly.[/QUOTE]
Federal only?


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