Posted on Jun 1, 2016
Sgt Joe LaBranche
6.43K
37
39
6
6
0
D9500ae9
Trump and Hillary aren't the only politicians with things to hide!
Avatar feed
Responses: 18
Capt Retired
5
5
0
Who pays more taxes than they have to? Who does not use any legal way to reduce they tax burden? Now we have the politician or the very rich who know and use everything available.

If it is illegal then one has a point. If it is legal, I praise them for being smart.
(5)
Comment
(0)
Avatar small
MCPO Roger Collins
3
3
0
Not understanding the problem. Doesn't Trump submit his taxes to the IRS? If he is doing anything illegal, wouldn't they know it? Hillary does not have to release her transcripts, because Bernie would have her for lunch. Nothing illegal in any case. Just preventing the opposition from using the info to discredit them.
(3)
Comment
(0)
Col Rebecca Lorraine
Col Rebecca Lorraine
>1 y
MCPO Roger Collins - We paid 25% this year, since we have no dependents. As your income increases the more you pay, and we don't make enough to bury it in loopholes. Thanks for asking. I'm retired, so I don't make 06 pay. I'm also paying state income tax, property tax, sales tax, co-payments and premiums for insurance. I have been blessed. I pull my weight, but I don't look for ways to manipulate our taxes. I take the honest deductions like most people. I'm low on the IRS radar. But what if I made the IRS try to figure out how much I made every year and then collect that? That is what Mr Trump does every year. That is what we will all learn when he can't hide the past years taxes. He should release them if he has nothing to be ashamed of.
(0)
Reply
(0)
Col Rebecca Lorraine
Col Rebecca Lorraine
>1 y
Do you know why he is flagged every year? It isn't because he is wealthy.
(0)
Reply
(0)
MCPO Roger Collins
MCPO Roger Collins
>1 y
Col Rebecca Lorraine - no, your marginal tax rate is 25%. Mine is even higher, but that is after the deduction you and everyone else get legally. As shown below, you would have to have an income of $200K to have a marginal rate of 22%. As I said my marginal rate was about 14% last year and that was unusually high.

Marginal tax rate: When you hear people say they’re in the 28% tax bracket, they are referring to their marginal tax rate. Your marginal tax is based on your “last dollar” of income. That means if you are single and earned $200,000, your marginal tax rate would be 33%.

Effective tax rate: This is the actual tax rate you pay on all your income. For example, if you file your return as married filing jointly and have a combined income of $200,000, your effective rate won’t be more than 22%, even though you are in the 28% tax bracket.
(0)
Reply
(0)
MCPO Roger Collins
MCPO Roger Collins
>1 y
Col Rebecca Lorraine - Yes, as explained in an article earlier, that is precisely what they do and four others they look at.
(0)
Reply
(0)
Avatar small
SGM Erik Marquez
2
2
0
Is it fraud if you use the system to better your position all while following the laws as written?
(2)
Comment
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close