Top Of My Head

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Tag: federal income taxes

The GOP Way: Cutting Taxes on the Rich, Raising Taxes on the Middle Class

According to Huffington Post, the Republican Party is all for raising taxes on you and me.  Actually, I didn’t need to read the article to know that, they’ve been saying it all along.  Paul Ryan – who is unfortunately, my representative in Congress – called the other night with one of them recorded messages.  He stated, “I work for you.”  Really?  Because your roadmap for America plan makes it seem like you’re only working for the rich.

Pay attention, here’s where I’m going to do math.

Current Ryan’s Plan
Salary $1,250.00 $1,250.00
Medical $63.36 $63.36
Taxable Income $1,186.64 $1,250.00
Federal Income Tax $212.04 $312.50
% 17.87% 25.00%

Under Paul Ryan’s plan, health insurance would no longer be pre-taxed. Under his plan, any single making more that $50,000 per year would pay 25% in Federal Income tax. The tax rate for corporate America? 8%.

So, basically, Ryan and his Republican cronies will be financing this country on the backs of the single people.  A family of four can earn $39,000 without paying one penny in taxes, while us single people will only be able to earn $16,000 without paying taxes.  That means that I will end up paying more in taxes – a lot more.  Under Ryan’s plan, I will pay $12,250.00 in taxes.  Under our current tax structure (and using the standard deduction and personal excemption), I only pay $9,917.85.  That’s a difference of $2,332.15.

Anyone who is single, shouldn’t vote Republican.  It’ll cost you in the long run.

Taxes and More Taxes

The election is over and now it is time for the lame duck Congress to get back to work. But, even though it won’t do any good, I wanted to bring up taxes.

Everyone thinks – Warren Buffett the exception – that they pay too much in taxes. Because I have an extra taxable amount added to my normal salary this year, Cheryl and I have been paying a lot of attention to just how much we’ll owe in taxes come April 15th. By my calculations, between the two of us, we’ll owe a grand amount of $12,126, a tax rate of 13.40%. For a fun time, I thought, “Hey, what if we could file our federal income taxes jointly?” So, I used the IRS Withholding Calculator and did just that. If we were married, our tax amount would be $11,281, a tax rate. That is a tax rate of 12.47% and a total of $845 less. It makes me mad every time I think about it.

What is it that Cheryl and I receive from the federal government that is worth the extra $845? Do we have extra rights? Extra protections? Will the government take care of us when we’re old and gray in a better manner than a straight, married couple?

No, no and – I know you’re shocked – no.

We receive NOTHING for the extra dollars removed from our paychecks every single year. And, if Paul Ryan gets his way, it will only get worse. (Check out Paul Ryan’s Roadmap for America and you’ll see his plan for two tax tiers.)

By denying gay couples the legal right to marry at the Federal level, the nation is over-taxing approximately 770,000 couples in this country.  Let’s make a big assumption, because I don’t have actual figures on incomes, that our over-taxed amount is what every other gay couple pays more than straight couples.  That works out to an extra $650,650,000 in the nation’s tax coffers.

Do we get a thanks for that?

No, we don’t.

Maybe, that’s the real reason why the right-wing doesn’t want us to get married.  That’s a lot of dough!

As a gay person, I purpose that in the next election, we come together to fight for our marriage rights.  We fight for equality.  We’re paying a lot of money to be considered second class citizens.

Who’s with me?

Below is a video I made last August.

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