Rush Limbaugh's cigar philosophy

[kas]

Originally Posted by CobraSkip

Off the top of the head math:
AS I said, if you earn a decent salary, You're hit with AMT so you start at 27.5% - so lets call it 25%
Salary Fed 25%
State 8%
FICA 15% You could argue 7.5% but you're wrong
Medicare 2.5%
Real estate 8% For me
Sales&Misc 4% You probably pay on half your purchases
Remember the cost of all goods purchased, including food, includes taxes

To me, that seems like more than 50%!

Ok, this is absolutely my last post on this. I was referring to a specific case-in-point in which the income was $40k/yr and taxes/other withholding was $700/month -- which is 21% and not the 35% he stated. As to your example: FICA withholding is capped at a certain income, plenty of states exempt food or clothing or other items from sales tax -- and the state and real estate taxes you cite are much higher than the average across all states.
I don't whistle a happy tune when I write my check to the IRS, but I'm just trying to cut through some of the exaggeration to get to the facts.

[PUFFNMO]

Originally Posted by Warren

I like Rush. I agree with some of what he says but not all.

We must strive for evenness and the golden middle ground, not letting extreme philosophies take over. There are many conflicting interests throughout the U.S. population, they must all be taken into account so that most of us are able to be reasonably comfortable in our existence. JMO.

Now a word about waist. Yes, waist, not waste. Rushes looks pretty large in the photo, and that is cause for worry. A waistline of that size does not promote longevity or well-being. Let's all take note... Larry.

[Freight Train]

Originally Posted by kas

Ok, this is absolutely my last post on this. I was referring to a specific case-in-point in which the income was $40k/yr and taxes/other withholding was $700/month -- which is 21% and not the 35% he stated. As to your example: FICA withholding is capped at a certain income, plenty of states exempt food or clothing or other items from sales tax -- and the state and real estate taxes you cite are much higher than the average across all states.
I don't whistle a happy tune when I write my check to the IRS, but I'm just trying to cut through some of the exaggeration to get to the facts.

My last point with you, I said that i make less than 40k a year (closer to 35 than 40). And yes when i calculated the percentage it was 35%. In alabama there are taxes on clothes and food. And by the way i do not exaggerate.

[Sturat]

Originally Posted by Freight Train

I agree with his politics and his cigar philosophy.

[taltos]

I had promised myself to stay out of this thread but I was unable to do so. My only comment is to rember that John Galt Lives!

[PUFFNMO]

Originally Posted by taltos

I had promised myself to stay out of this thread but I was unable to do so. My only comment is to rember that John Galt Lives!

Who is John Galt?????

[papajohn67]

Originally Posted by taltos

I had promised myself to stay out of this thread but I was unable to do so. My only comment is to rember that John Galt Lives!

But Ayn Rand is dead.

[Mr. Ed]

Originally Posted by Warren

Looks photoshopped IMO. Whoever it is, respect.

[Pampero]

Originally Posted by PUFFNMO

I like Rush. I agree with some of what he says but not all.

We must strive for evenness and the golden middle ground, not letting extreme philosophies take over. There are many conflicting interests throughout the U.S. population, they must all be taken into account so that most of us are able to be reasonably comfortable in our existence. JMO.

Now a word about waist.......... Larry.

I wanted to steer clear of this thread, but I have to ask. Are you suggesting Rush represents the middle ground? Apart from his girth, that is. That's a fair hunk of middle, as you point out. Not that I'm one to talk.....