Thank you for the tips on saving for the Irs.
Taxes are coming up and we have to be careful that what we deduct is honest.

Hi Fae, it does not matter if other people are honest or dishonest. You have to look at yourself and be thankful that you are honest. Remember some of the taxes go for schools, firemen, the police department and the parks that we have. This is how we get to enjoy the National and city parks and get protection from the police and firemen.

Thank you, both, for being honest and paying your fair share. 5 percent pay 40 percent of all taxes, so 'fair share' means different things to different folks. However, I am grateful for all who fully contribute, so I can pay as little as possible.

What about the corporations and the super rich who not only do not pay their fair share of federal income taxes but some corporations go years without paying federal income taxes and still get refunds. What about the scam corporations run on states and cities, getting them in bidding wars so that the corporation gets all kind of tax abatements, tax holidays, subsidies, reduced property taxes, almost free land and other sweetheart deals. That's less revenue for the state and the jobs that are supposedly created don't make up for the lost revenue. >>"...5 percent pay 40 percent of all taxes.." More Rush Limbaugh garbage to cover for the rich who are paying the lowest tax rates in decades. Working people, including the working poor, pay wage taxes, state taxes, they may pay income taxes if their income reaches a certain level, they may be paying property taxes, gas taxes, sales taxes and excise taxes. I know the right wing wants us to bow down and kiss the feet of the rich because they are the supposed job creators (in COMMUNIST China, India, Mexico, and COMMUNIST Viet Nam). Return the top marginal tax rates to what they were during the Nixon era.

From abcnews.go.com:
Rick Schottenfeld, Chairman and CEO of Schottenfeld Group Holdings, said he is in favor of raising the tax on capital gains to help plug the budget deficit.
A registered Republican, Rick Schottenfeld has been vocal about raising the capital gains tax despite the fact that doing so will lower his income.
The long-term capital gains tax rate on most investment assets is generally 15 percent now.
Schottenfeld is a member of the Patriotic Millionaires, a group of over 200 Americans with incomes over $1 million a year who are petitioning lawmakers to increase taxes for the wealthy to help plug the budget deficit, which has topped $1 trillion over the last four years.
"This whole process of lowering taxes to create jobs has led to bigger deficits, and made it so we can't afford to pay for things we need," he said.

Joe R, if you know of these get rich schemes, take advantage of them! Why are you letting ONLY the super-rich and corporations go years without paying taxes, and you not joining in? Almost free land, and other sweetheart deals, please send them my way! I will make it worth your while. Tax holidays, subsidies, reduced property taxes are good opportunities, so you have only yourself to blame if you don't act quickly.

Stan Walker - you are correct. The top 5 percent pay 40 percent of the taxes and the top 20 percent pay 90 percent. The bottom fifty percent pay nothing. And Obama wants to take even more from the top 20 to give to the bottom 50. I have an idea. If the rich are so reviled, they should close their businesses, throw everyone out of work and take their money to a place where Obama can't get to it. And if any rich person wants to pay more, feel free to write a check. Just don't encourage the socialists in DC to soak the rest of the working people.

Sorry, what we have now is crony predatory capitalism which is stacked against the poor, the working poor and the middle class. The very wealthy and the big corporations hire thousands of lobbyists to purchase politicians and laws that favor them only. That's not democracy, that's not a democratic republic, that's a plutocracy, rule by the rich and the economic royalists. What we have is a country of the corporations, by the CEOs and for hedge fund managers, the people be damned. Please, Obama is a center right politician who has surrounded himself with corporatists. I get the message from the other people posting here. We must accomodate rich people, give them whatever they want, do not offend the rich people, they are very sensitive, shh, Jamie Dimon must not be inconvenienced but it's OK to keep the minimum wage at poverty levels for all eternity, it's OK to gut, cut and slice up Social Security, Medicare and Medicaid. It's OK to dump on the working poor, poor people in general but the rich must be worshipped.

It seems to be popular to criticize the Corporations...let's see....the fuel oil that heats my home and the gas that allows me the luxury of driving my car....the food that has been delivered to the stores, the companies who process and distribute everything anyone would ever want to eat...the medical advances and pharmaceuticals that keep us alive...all brought to us by the evil Corporations. The list goes on and on...I don't worship the rich....only God....but I am smart enough to know that when they are making money, it trickles down to me...but what happens when Atlas Shrugs?

Per the IRS website, the bottom 50% make under $29K per year. Just how much taxes do you want those people to pay ? Even a flat 10% of that Income would be an enormous burden.

But, yeah -- let's make a lot of noise about how unfair it is to even think about taxing Millionaires. The last time Congress tried to put a 0.7% tax on the Millionaires.....you'd think they stole their lunch money. That's $7000 for you Math Majors out there.

Let's go back to the Clinton Tax Rates.......but let's also cut back to Clinton's Spending Rate, which was less than half of the current Budget.

Well put Maryann. While I am not rich(well maybe to Obama I am) I aspire to be, and I want my kids to be as rich as their talents and efforts will allow them to become. That's why I have one wife, two kids, don'tt abuse drugs or alcohol and work as hard as I can. Many of the so-called poor have more kids than Heinz has pickles, smoke, drink and do drugs, get tattoos and piercings, drop out of school and break the law. And to think, to Obama, the rich are the problem.

The rich could not have achieved what they did without an infrastructure paid for by all tax payers. Trickle down is a big joke but thanks for the laugh. Eyeballs calls me a communist while the real plutocrats are shipping jobs to communist countries like China and Viet Nam. Doesn't that make them commie lovers? Walmart and the other big box stores are wall to wall with commie Chinese products, now who's the communist? If all these Chinese products were stamped with Made In Communist China instead of just China, I wonder how all the Ayn Rand crowd and libertarians would feel? Oh wait, when it comes to money they are totally amoral and don't care if they trade with a communist or not. But when a decent American talks about rich people and big corporations paying their fair share in taxes some ignorant know nothing Fox News listening Rush Limbaugh wannabe labels said person a communist. Unreal. The earth will come to an end if the top 1% is taxed at a 39.6% rate instead of 35%. Was IKe a commie, the top marginal tax rate was 91% in the 1950s and he strengthened Social Security and he was not anti-union. In her declining years, that psychopath Ayn Rand signed up for Social Security and Medicare. Ms Atlas Shrugged was a rabid atheist and felt that religion was incomaptible with her brand of capitalism. Alan Greenspan was and probably still is a big fan of hers.

Hey Joe R - you left out your idol's favorite line "you didn't build that.". And MARC Lombardi - stop with the tired liberal talking points. The oil companies make less profit percentagewise than many corporations including drug companies and they also make less on a gallon of gas than the government does in taxes. Their profits are up because worldwide demand is up for their product which, by the way, is safe, efficient, plentiful and legal. All reasons why liberals are against it. I have an idea - if you detest the oil companies so much, why don't you produce a better product and put them all out of business? That is the beauty of capitalism - you are free to compete and do what Americans have done for centuries - make the world a better place through innovation and ingenuity. Do it before socialism is fully installed.

eyeballs sounds like the typical hayseed stuck in front of the tv watching sean hannity. newsflash eyeballs clinton wasnt a commie but he did have the most successful economy since world war 2 as well as creating more non govt jobs than reagan, daddy bush and bush jr combined . he taxed the rich an extra 3% . bush jr did away with that and in a few years we ended up giving wall st trillions for their incompetence. but no john q public has a much better answer by taxing the hell out of that kid working in mc donalds. no wonder we are doomed.

yeah reagan. a president who raised the debt ceiling 18 times , gave weapons to the taliban to fight russians and gave 4 million illegals amnesty without any criminal check. if reagan were alive today republicans would call him comrade too. only someone like eyeballs could give us a gem like " yeah clinton's policies were good but they would have been better without him" . eyeballs you should check i think theres a carbon monoxide leak in your living room.

gary junston oil is safe? you must have missed the news about that trouble in the gulf 2 yrs ago. i heard there was some kind of spill. THAT WENT ON 4 MONTHS. you didnt build that was an accurate statement. those corporations didnt build the roads and bridges that allowed their trucks to deliver their goods. wake up already.

obama wanted to rebuild the 77,000 crumbling roads and bridges in this country and eyeballs and gary called him a socialist. funny how they never said a peep when george bush built roads and bridges in iraq for a trillion bucks. hey at least they have a starbucks in bagdad now.

America is rapidly becoming a nation of takers. An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets of others in order to pay for it all. In one state there are 139 "takers" for every 100 private sector workers. The American people have become absolutely addicted to government money, and it gets worse with each passing year. It would be one thing if we could afford all of this spending, but unfortunately we simply cannot. We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour. No bank robber in history can match that kind of theft There is no way in the world that we could raise taxes high enough to pay for all of the obligations that we are currently taking on. They say that even if we taxed all corporations and all individuals at a 100% tax rate on all income over $66,193, it wouldn't be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities....this is going to end very badly for us and especially our kids

Bill Clinton increased the national debt by 40 percent during his 8 years. He also brought us the dot.com bubble which was largely responsible for the economy's success. Those evil corporations did so well Joe r that the stock market grew making lots of people money. If the evil corporations didn't do so well how would stocks perform? Btw. Evil corporations invest in and buy goods from other evil corporations which allow everyone to have jobs. They also pay dividends which are taxed a 2nd time upon receipt. They also have shareholders who want a return on capital or why invest, without investment there are no businesses.

Rizzo. If obummy wants to fix roads and bridges where is the proposal for a bill? Look at how fast other junk gets passed. Btw how are we gonna pay for roads and bridges when we have a trillion dollar budget hole and 20 trillion in debt? Steal it from Medicare like Obamacare?

Check, got it. Eyeballs and Gary love pollution, want more pollution, want the air, water and soil tainted beyond hope, beyond repair. They think that Social Security, Medicare and Medicaid are commie plots and must be eliminated. These two yahoos have no one, no relatives on any of those programs so they do not care. They are against public schools or any schools getting public money because you know, that's socialism. All schools should be private and if you can't afford schooling then tough luck. Police should be privatized because we can't have those socialized police. No more funding for roads because what we have now is socialism for roads. That is, public money is confiscated to build roads in other states, that's socialism. The list goes on.

The army is socialism on steroids, the VA is socialized medicine. The two Neanderthals would eliminate the VA or privatize it and thus many veterans would not get any medical care unless they could afford it. The GI Bill is socialism, according to the standards of these two yahoos. Eyeballs is busy ironing his blood splattered white sheets.

How come John Kerry owns muni bonds and doesnt pay his fair share of taxes? He also owns stock in wall street and invests in Bain capital. Let's give him the same treatment we gave mittens. Look at his investments. What a crook

http://pfds.opensecrets.org/N00000245_2010.pdf

@mtwnres: Yes, their taxes are high but they get significant value for their money, so in the final analysis, they come out ahead. They have universal health care, which is free (some very minor fees in some cases) at the point of service. How many Americans are burdened with huge premiums (that amounts to a big tax) that skyrocket every year and many Americans go bankrupt from medical expenses every year (that amounts to a huge tax). No one goes bankrupt from medical expenses in Germany or Canada or Australia or FRance or Norway or Denmark. University education in Germany is virtually free or very inexpensive. US kids are burdened with confiscatory tuitions (that amounts to a huge tax) and further burdened with student loan debts for years (that amounts to a huge tax). Medicines are significantly cheaper in Germany, unlike America where the exact same medicines can be twice or three times as expensive (another huge "TAX") for Americans. They get many other services that we can only dream about. They have a very good public transportaion infrastructue and system so that many folks don't even need to own cars or can use their cars less. I'm sure you won't get the point I'm trying to make because I didn't supply illustrations and video clips.

As I read all of these blogs, including my own, I am reminded of two things: #1. It's great to vent, although a modicum of kindness and acceptance for the thoughts and expressions of others are always a welcome method of having a meaningful discussion. #2. Regardless of our perspective on any issue, we are powerless; and the more distracted we become by in-fighting, the fewer battles we have any hope of resolving. Honestly, I think the war is over and none of us has won. Division was the goal and it has succeeded ... and continues. I'm older, wiser, and sad!

It just amazes me that we don't think twice about being taxed for something like public roads and the infrastructure. We pool all our tax money for a greater good and everyone benefits from having safe drivable roads. Some part of my federal taxes go for roads in other states via the interstate highway system and vice-versa for the residents in those states chipping in for roads that cross through NJ. But if we would do the same for health care, that's socialism, that's horrible, blah, blah, blah. I guess they also think that Social Security, Medicare, Medicaid and the VA (it is an example of the "S" word) are all socialism and so should be demolished.

Very useful information. Thanks for the tips. These should stay up on Patch in a visible spot until Tax Day.

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