Flat Tax System

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  • AlienQ - BANNED FOR LIFE
    best designer on GFY
    • Mar 2003
    • 30307
    #101
    Bottom line is Money is power and if you aint got none odd's are you never know power.

    The more people that find clever ways to siphon off your hard work's earnings without doing anything about it the less you will have in life.

    Ya see Forbes lately about some of the corporate kick backs going on in Bonuses.

    Over 150 Million dollar bonuses are paid to many company execs that did nothing but get drunk in college with a family that shoulder tapped someone to give them a fucking job in the banking sector, so how do you feel about 2 Dollar ATM fee's right now?

    How about your over priced fucked up car and the exec's paid over 200 Million each yet the car company is going to bankruptcy?

    How do ya like buying a god damn over priced house paying an over priced mortgage rate then have the value of the house plummet to less than 25% of its value and still pay an exhorbant rate? You people are being suckered daily and do NOTHING about it. All you are doing is lining other peoples pockets toiling all your life.

    American people seriously...

    Think about this shit.
    Last edited by AlienQ - BANNED FOR LIFE; 04-19-2008, 03:56 PM.

      Comment

      • GatorB
        The Demon & 12clicks
        • Oct 2001
        • 18208
        #102
        Originally posted by Ethersync
        I agree we are all taxed to death and on many levels. I don't see how this is justification for an Inheritance tax though.

        GatorB, you are saying that because we have to pay FICA taxes there should be an Inheritance tax? That's the justification for taking someone elses rightfully earned property? Your example about sales tax applies to anyone buying anything including evil children of evil rich people...
        Can you read? Seriously. You said the "death tax" is unfair because it's double taxation. So I assume you think that double taxation is wrong. Well I showed you a perfect example of how poor and middle class are double taxed yet all you care about is that some billionaire is getting double taxed. Where is the outrage at the lower income people getting double taxed? There is none from you. Why is that? How come you're all for getting rid of the death tax but are not for letting people deduct FICA taxes off of their taxable income?

          Comment

          • Pleasurepays
            BANNED - SUPPORTING TUBES
            • Aug 2002
            • 11913
            #103
            Originally posted by Ethersync
            Ok, now you are just talking out of your fucking ass. I didn't spend 30 minutes searching for something like this quote on Google. I already knew about this study they did back then. It took me 10 seconds to find the exact quote.

            How about you share your wisdom with us fucktard? What did I say about how debt is paid that is not correct?
            how about this... you're clearly well informed and have a strong grasp on the subject... do us all a favor and educate us and explain the exact manner in which personal income tax dollars pay for the debt... does the IRS write a check to someone? I mean... I send in a tax payment and how does that money go from the mail room at the IRS to actually paying interest on the National Debt??

              Comment

              • Pleasurepays
                BANNED - SUPPORTING TUBES
                • Aug 2002
                • 11913
                #104
                Originally posted by AlienQ
                Bottom line is Money is power and if you aint got none odd's are you never know power.

                The more people that find clever ways to siphon off your hard work's earnings without doing anything about it the less you will have in life.

                Ya see Forbes lately about some of the corporate kick backs going on in Bonuses.

                Over 150 Million dollar bonuses are paid to many company execs that did nothing but get drunk in college with a family that shoulder tapped someone to give them a fucking job in the banking sector, so how do you feel about 2 Dollar ATM fee's right now?

                How about your over priced fucked up car and the exec's paid over 200 Million each yet the car company is going to bankruptcy?

                How do ya like buying a god damn over priced house paying an over priced mortgage rate then have the value of the house plummet to less than 25% of its value and still pay an exhorbant rate? You people are being suckered daily and do NOTHING about it. All you are doing is lining other peoples pockets toiling all your life.

                American people seriously...

                Think about this shit.
                i don't think anyone should be listening to the guy who is so impossibly stupid that he failed to pay the 15.00 to register his own domain and when it defaulted to a parked page, ran to GFY to start a thread demanding to know who stole it.... with the WHOIS info still showing you as the registrant

                Last edited by Pleasurepays; 04-19-2008, 04:00 PM.

                  Comment

                  • AlienQ - BANNED FOR LIFE
                    best designer on GFY
                    • Mar 2003
                    • 30307
                    #105
                    How ya like them prescription pills?

                    How do you like your HMO or Insurance? Do you enjoy paying Medical Bills with an over priced Health Insurance Coverage? Do you know that what you are paying in Medical Insurance is almost 50 times more than it was just 10 years ago and the prices have increased over 150% in most cases in the last 5 years?

                      Comment

                      • GatorB
                        The Demon & 12clicks
                        • Oct 2001
                        • 18208
                        #106
                        Originally posted by Ethersync
                        So we should all be able to have the government take money/property from people we don't like?
                        No Paris should pay her own taxes and not expect me to pay it. if you don't get this then I can't talk to you any more. besides it obvious you totally by passed my exemptions which I posted earlier. Please tell me how they are being unfair? Under my proposal someone receiving a $11 million inheritance( not counting a house ) and a $3 million house would pay a total "death tax" of $200,000 and that is paid out over 10 years.

                          Comment

                          • AlienQ - BANNED FOR LIFE
                            best designer on GFY
                            • Mar 2003
                            • 30307
                            #107
                            Originally posted by Pleasurepays
                            i don't think anyone should be listening to the guy who is so impossibly stupid that he failed to pay the 15.00 to register his own domain and when it defaulted to a parked page, ran to GFY to start a thread demanding to know who stole it.... with the WHOIS info still showing you as the registrant

                            You are not very smart are you?

                              Comment

                              • Pleasurepays
                                BANNED - SUPPORTING TUBES
                                • Aug 2002
                                • 11913
                                #108
                                Originally posted by AlienQ
                                Do you know that what you are paying in Medical Insurance is almost 50 times more than it was just 10 years ago
                                haha... lets see 300.00 per month / 50 = $6.00 per month for medical insurance 10 years ago?

                                  Comment

                                  • Ethersync
                                    Confirmed User
                                    • Mar 2008
                                    • 5289
                                    #109
                                    Originally posted by AlienQ
                                    bottom line is every single American is playing an unfair game with the dealer working a stacked deck.

                                    I said this before and here is the stakes.

                                    Odd's are if you are poor or from a poor family you will be poor for the rest of your life. FUCKING Period.
                                    Thats a fucken fact like it or not.

                                    I know many of you are young and think "Oh no not me! I am going to be somebody!" LOL you won't! Odd's are against you ever being more successful than your parents were and even if you do surpass your parents in wealth it will most likely not be remotly close to the wealth that real wealth is measured in!

                                    Now if you are from a rich family odd's are you yourself will be rich with a greater chance at succedding in your amibitions, your dreams and your business. Thats just the fucking way it is.
                                    Most of that is the environment you are raised in I think. My family is far far from rich and totally clueless about how to make money. I make more a year than 10 times what my parents ever made, but it had little to do with how I was raised. In fact that held me back. I had to unlearn a lot of shit. What I did was study the wealthy/successful people that entered my life. I watched what they did with their money vs. how I was raised and learned from it. Then I took what I learned and applied it to my life. I also stayed away from people who were always bitching about how unfair life was and looking for handouts. Fast forward to today and I'm worth well over a million dollars, have people working for me in 5 countries, can sleep in as late as I want and can spend most of my day in my boxers if I want to. Does this mean I'm lazy? Absolutely not. I work my ass off. I just work smart and don't participate in the "rat race" most people look at as being the norm. Had I, at a younger age, listened to what you're saying I would being working 9 to 5 making someone else rich.
                                    The best ePassporte replacement I have found: OKPAY

                                      Comment

                                      • Pleasurepays
                                        BANNED - SUPPORTING TUBES
                                        • Aug 2002
                                        • 11913
                                        #110
                                        Originally posted by AlienQ
                                        You are not very smart are you?
                                        no man... i get it. you do insanely stupid things.. then start accusing others of not "getting" your "genius"

                                          Comment

                                          • GatorB
                                            The Demon & 12clicks
                                            • Oct 2001
                                            • 18208
                                            #111
                                            would you 2 like a motel room so you can "angry fuck" each other in the ass?

                                              Comment

                                              • AlienQ - BANNED FOR LIFE
                                                best designer on GFY
                                                • Mar 2003
                                                • 30307
                                                #112
                                                Originally posted by Ethersync
                                                I just work smart and don't participate in the "rat race" most people look at as being the norm. Had I, at a younger age, listened to what you're saying I would being working 9 to 5 making someone else rich.
                                                Huh? OH OK...

                                                I see...
                                                I listened to people that had my perspective and understood pretty quick a good number of things.

                                                So anyways you got yer own house, 3 expensive cars and run around in your boxers All day but you still work hard? I can assure you I had everything I ever wanted growing up and to this day get exactly what want even more so when I want it.


                                                Yeah sure...
                                                Enjoy what ever 9 to 5 you currently got or find one. Being aware of the system around you is what will make you more money. But feel free to keep kicking in them boxer shorts you hard working guy

                                                If I listened to people like you I probably would have shot myself already.
                                                Last edited by AlienQ - BANNED FOR LIFE; 04-19-2008, 04:17 PM.

                                                  Comment

                                                  • AlienQ - BANNED FOR LIFE
                                                    best designer on GFY
                                                    • Mar 2003
                                                    • 30307
                                                    #113
                                                    Oh.. and..

                                                    Here is my punch line.

                                                    I do not work at all and only when I want to
                                                    I can sit for months on end doing absolutly fucking nothing and believe me I have and enjoyed every minute of it.

                                                    I post pics of my new car for ya in another month when its finished.
                                                    Yeah I made my own car I got so fucking bored.
                                                    Last edited by AlienQ - BANNED FOR LIFE; 04-19-2008, 04:20 PM.

                                                      Comment

                                                      • AlienQ - BANNED FOR LIFE
                                                        best designer on GFY
                                                        • Mar 2003
                                                        • 30307
                                                        #114
                                                        Originally posted by Pleasurepays
                                                        haha... lets see 300.00 per month / 50 = $6.00 per month for medical insurance 10 years ago?

                                                        Do you know the value of a dollar 10 years ago compared to today?
                                                        The real value?

                                                          Comment

                                                          • Pleasurepays
                                                            BANNED - SUPPORTING TUBES
                                                            • Aug 2002
                                                            • 11913
                                                            #115
                                                            Originally posted by AlienQ
                                                            Do you know the value of a dollar 10 years ago compared to today?
                                                            The real value?
                                                            nice try.

                                                              Comment

                                                              • AlienQ - BANNED FOR LIFE
                                                                best designer on GFY
                                                                • Mar 2003
                                                                • 30307
                                                                #116
                                                                Here is a couple other perspectives.


                                                                10 years ago...

                                                                The $92,100 car you purchased in 1998 would now be worth $11,999, and that's if the car has low mileage.

                                                                You could have purchased 3,298 shares at $30.32 a share for $99,995, and your investment would now be worth $1,997,797. I myself did buy lots of Apple stock and cashed them out a couple years ago or so.

                                                                One Bedroom Apartment on the Upper East Side New York

                                                                Based on an Upper East Side property that was sold in 1998 and in 2008, your Manhattan apartment would have cost you $85,000 and would now be worth $515,000.

                                                                323 Ounces of Gold

                                                                An investment in 323 ounces of gold would have cost $99,991, at $309.45 per ounce. It would now be worth $301,488, at $933.40 per ounce, mostly thanks to the jump in value over the past year.


                                                                So...
                                                                Learn to invest in the right things Like i did and know when to cash out like I did;)

                                                                Don't buy a car, make a car That makes it priceless.
                                                                Last edited by AlienQ - BANNED FOR LIFE; 04-19-2008, 04:46 PM.

                                                                  Comment

                                                                  • Atticus
                                                                    Confirmed User
                                                                    • Dec 2004
                                                                    • 1051
                                                                    #117
                                                                    Originally posted by GatorB
                                                                    You're assuming people pay the 25% tax. They don't. And your math is wrong. Even if you're at the upper end of the 25% tax bracket your total income taxes amount to less than 20% of your gross income. I don't get why people think that it you're in the 25% or 35% or whatever tax bracket that everything from dollar 1 on up is taxed at that rate. It isn't. Not to metnion you don't even pay taxes on every dollar you earn anyways.

                                                                    Even a single person with no dependants and no other deductions pays ZERO taxes on the first $8750 of his income no matter how much he makes. A married couple with 2 kids even with no other deductions doesn't pay squat on the first $23,500 in income. The next $15,100 is only taxed at 10% the next $46,200 is only taxed at 15%. So if that couple made $85,000 a year they'd pay a total of $8500 in income taxes or just 10% of their income even though they would be in the 25% tax bracket.

                                                                    A person making the 2009 minimum wage of $7.25 makes $15,000 a year currently only has $12 a week taken out of his paycheck. Are you telling me that national sales tax he'd pay LESS than that per week in sales tax? I think not. So he'd spend less than $52 a week in goods? Hardly. What about someone buying a house or car? That's a HUGE hit. A $20,000 car is $4600 in taxes. Is that person REALLY coming out ahead? A $200,000 house is $46,000 in national sales tax. And yes those that propose this are infact including car and house purchases otherwise the tax would have to be 30%.
                                                                    Once again I didnt come out in favor of the national sales tax. My point was that was a bad example as to why it screws poor people.

                                                                    A. I know how the tax bracket works. I have to pay it. I just used an average % of federal/state taxes that someone of reasonable middle class status might pay. I didnt think you would need a detailed breakdown on GFY.
                                                                    B. You said you were buying the TV. I made the assumption you earned over minimum wage.
                                                                    C. I also made the assumption that if you were spending $1k on a TV you must have some disposable income and thusly are in at least a bracket where you have to pay income tax. If someone who is spending $1k on a new TV does not fit into this category they shouldnt be purchasing the TV and I could care less that they are being screwed.
                                                                    D. Say someone earned $85,000 and according to your numbers had to pay 10% in Federal Income tax. I dont know the numbers off hand but lets also go with 5% in state tax, assuming you live in a state where you have to pay it. (side note: another great reason to live in NV). So overall your paying 15%. If your current state sales tax is at 7% and you had $1k to spend you would be able to buy a $930 TV. If you didnt have to pay your 15% fed and state income taxes you would have $1150 to spend. That $1150 would get you the same $930 TV with a national 25% sales tax added on.

                                                                    That is why your example of buying something is a bad example. Because proponents of a national sales tax argue that it would end up as the same current tax rate but only tax you when you spend the money, versus when you earn it.

                                                                      Comment

                                                                      • NinjaSteve
                                                                        Too lazy to set a custom title
                                                                        • Dec 2003
                                                                        • 11089
                                                                        #118
                                                                        Originally posted by Socks
                                                                        Did you read the customer reviews? ;)
                                                                        doh....
                                                                        ...

                                                                          Comment

                                                                          • Redrob
                                                                            Confirmed User
                                                                            • Oct 2004
                                                                            • 4791
                                                                            #119
                                                                            Taxes must be paid. If the tax was truely flat, I wouldn't have a problem with it.

                                                                            However, I don't think we will see a tax without exemptions, subsidies, and writeoffs for those well-connected with Congress in their pockets.

                                                                            To have a flat tax, you would have to get rid of the congressional lobbyers first.

                                                                              Comment

                                                                              • AlienQ - BANNED FOR LIFE
                                                                                best designer on GFY
                                                                                • Mar 2003
                                                                                • 30307
                                                                                #120
                                                                                Originally posted by Redrob
                                                                                Taxes must be paid. If the tax was truely flat, I wouldn't have a problem with it.

                                                                                However, I don't think we will see a tax without exemptions, subsidies, and writeoffs for those well-connected with Congress in their pockets.

                                                                                To have a flat tax, you would have to get rid of the congressional lobbyers first.
                                                                                More like a civil war.

                                                                                  Comment

                                                                                  • GatorB
                                                                                    The Demon & 12clicks
                                                                                    • Oct 2001
                                                                                    • 18208
                                                                                    #121
                                                                                    Originally posted by Atticus
                                                                                    Once again I didnt come out in favor of the national sales tax. My point was that was a bad example as to why it screws poor people.

                                                                                    A. I know how the tax bracket works. I have to pay it. I just used an average % of federal/state taxes that someone of reasonable middle class status might pay. I didnt think you would need a detailed breakdown on GFY.
                                                                                    B. You said you were buying the TV. I made the assumption you earned over minimum wage.
                                                                                    C. I also made the assumption that if you were spending $1k on a TV you must have some disposable income and thusly are in at least a bracket where you have to pay income tax. If someone who is spending $1k on a new TV does not fit into this category they shouldnt be purchasing the TV and I could care less that they are being screwed.
                                                                                    D. Say someone earned $85,000 and according to your numbers had to pay 10% in Federal Income tax. I dont know the numbers off hand but lets also go with 5% in state tax, assuming you live in a state where you have to pay it. (side note: another great reason to live in NV). So overall your paying 15%. If your current state sales tax is at 7% and you had $1k to spend you would be able to buy a $930 TV. If you didnt have to pay your 15% fed and state income taxes you would have $1150 to spend. That $1150 would get you the same $930 TV with a national 25% sales tax added on.

                                                                                    That is why your example of buying something is a bad example. Because proponents of a national sales tax argue that it would end up as the same current tax rate but only tax you when you spend the money, versus when you earn it.

                                                                                    I swear you are stupid. Do REAL math. The national sales tax is in ADDITION to state sales tax and state income tax. You example assumes state income taxes and slaes taxes would be bannished which they wouldn't.

                                                                                    Also try READING my example. $1000 is $1000 if I only have $1000 for a TV you can't magically find another $150, $200, $300 or whatever stupid amount you idiots want to come up with. Apples to Apples not oranges dummy. I'm done talking to you. Either learn or STFU. I'm posting FACT, LOGIC and REASON if you choose to ingore those then it points to keep talking to you.

                                                                                    Personally I hope all you dumb motherfuckers get you national sales tax so our country can go into another depression and I can rub it in your face. Just as I predicted Bush would fuck things up 8 years ago. Well guess who is right. sometimes dumbasses have to learn the HARD way. Why, when it's easier to just admit "Hey I was wrong. I see your point. Thank for leading me to the correct point of view" who knows.

                                                                                      Comment

                                                                                      • Mr. Romance
                                                                                        The Face of Romance and the Symbol of Freedom
                                                                                        • Mar 2005
                                                                                        • 7821
                                                                                        #122
                                                                                        Death and Taxes

                                                                                        Mr. Romance
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                                                                                          Comment

                                                                                          • Atticus
                                                                                            Confirmed User
                                                                                            • Dec 2004
                                                                                            • 1051
                                                                                            #123
                                                                                            Originally posted by GatorB
                                                                                            I swear you are stupid. Do REAL math. The national sales tax is in ADDITION to state sales tax and state income tax. You example assumes state income taxes and slaes taxes would be bannished which they wouldn't.

                                                                                            Also try READING my example. $1000 is $1000 if I only have $1000 for a TV you can't magically find another $150, $200, $300 or whatever stupid amount you idiots want to come up with. Apples to Apples not oranges dummy. I'm done talking to you. Either learn or STFU. I'm posting FACT, LOGIC and REASON if you choose to ingore those then it points to keep talking to you.

                                                                                            Personally I hope all you dumb motherfuckers get you national sales tax so our country can go into another depression and I can rub it in your face. Just as I predicted Bush would fuck things up 8 years ago. Well guess who is right. sometimes dumbasses have to learn the HARD way. Why, when it's easier to just admit "Hey I was wrong. I see your point. Thank for leading me to the correct point of view" who knows.
                                                                                            You're talking out of your ass again. The vast majority of proponents of a national sales tax want that tax to replace ALL taxes, not just federal. They want a 20-35% national sales tax, excluding basic goods and services. It's one of the main reasons opponents say it will fail. That is the bureaucracy saved from the IRS would be replaced by the bureaucracy of distributing the funds.

                                                                                            But if you're talking about a national tax just instead of the federal income tax the math still applys. You cannot use an example and only choose the math portions that fit your argument. $1k in the first example is not $1k in the second example you dumbass. If you have $1k available to purchase a TV you have already paid your taxes on that gross income. Whether it be a 1% tax, 10% tax or 1,000% tax. If you remove the tax then you would have additional funds available to buy the TV. If you blow that extra $$ that didnt go to taxes on hookers and blow and not towards your new TV you have to take the newfound hookers and blow into the equation. You cant just conveniently leave it out of the math.

                                                                                            And secondly for the third god damn time I never said the national sales tax is a good idea nor that I was in favor of it. My point was the example you gave is a fucked up pointless one.

                                                                                              Comment

                                                                                              • L-Pink
                                                                                                working on my tan
                                                                                                • Mar 2005
                                                                                                • 39151
                                                                                                #124
                                                                                                Originally posted by BV
                                                                                                I'd rather have a national sales tax instead of a flat tax. That way you can save all your money and only get taxed on what you spend and not what you earn.
                                                                                                Perfect if it's in addition to a small flat tax.

                                                                                                  Comment

                                                                                                  • DWB
                                                                                                    Registered User
                                                                                                    • Jul 2003
                                                                                                    • 31779
                                                                                                    #125
                                                                                                    Originally posted by BV
                                                                                                    Really?, I'm sorry too.

                                                                                                    Will these creative ways you speak of survive an audit???

                                                                                                    You know, you can write whatever you want to on your tax return, doesnt mean anything until you get audited


                                                                                                    I've been through an audit and came out just fine.

                                                                                                    All an audit does is make sure the info you provided to them is correct. If all your ducks are in a row, there is no problem. Again, there is nothing illegal about being smart about your taxes. THEY write the tax code, and we work within it. It's not about what you write on your tax return, it's about how you structure your business and take FULL ADVANTAGE of every loophole they allow you to have.

                                                                                                    If you don't want to take the time to educate yourself on how to lower your tax burden, then that's on you and you should just keep paying out huge sums to the IRS.

                                                                                                      Comment

                                                                                                      • DWB
                                                                                                        Registered User
                                                                                                        • Jul 2003
                                                                                                        • 31779
                                                                                                        #126
                                                                                                        Originally posted by Pleasurepays
                                                                                                        how about this... you're clearly well informed and have a strong grasp on the subject... do us all a favor and educate us and explain the exact manner in which personal income tax dollars pay for the debt... does the IRS write a check to someone? I mean... I send in a tax payment and how does that money go from the mail room at the IRS to actually paying interest on the National Debt??

                                                                                                        You really need to read the Grace Commission Report. This is a real report, given to Regan, per his request, as a study in regards to waste and inefficiency in the government. They found out exactly where our income tax dollars went. This is not a conspiracy theory story.

                                                                                                        I know it's not an easy pill to swallow, but the American people have bee lied regarding how their tax dollars are spent.

                                                                                                        * You should read the real report, but I'll post the Wiki info for you to give you a start:

                                                                                                        In 1982, President Ronald Reagan requested an investigation into waste and inefficiency in the Federal government. For this purpose, he initiated a Private Sector Survey on Cost Control, or PSSCC, generally known as The Grace Commission, and asked the members of that commission to: "Be bold. We want your team to work like tireless bloodhounds. Don't leave any stone unturned in your search to root out inefficiency."[1]

                                                                                                        The Grace Commission Report was presented to Congress in January 1984. The Report claimed that if its recommendations were followed, $424 billion could be saved in three years, rising to $1.9 trillion per year by the year 2000. It estimated that the national debt, without these reforms, would rise to $13 trillion by the year 2000, while with the reforms they projected it would rise to only $2.5 trillion.[2]

                                                                                                        The Report said that one-third of all income taxes is consumed by waste and inefficiency in the Federal Government, and another one-third escapes collection due to the underground economy. "With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government."

                                                                                                        The Congress did not act on the recommendations. As of February 2008, the national debt is $9.3 trillion (or $30,000 per U.S. citizen).

                                                                                                          Comment

                                                                                                          • BV
                                                                                                            wtf
                                                                                                            • Sep 2001
                                                                                                            • 10914
                                                                                                            #127
                                                                                                            Originally posted by DirtyWhiteBoy


                                                                                                            I've been through an audit and came out just fine.

                                                                                                            All an audit does is make sure the info you provided to them is correct. If all your ducks are in a row, there is no problem. Again, there is nothing illegal about being smart about your taxes. THEY write the tax code, and we work within it. It's not about what you write on your tax return, it's about how you structure your business and take FULL ADVANTAGE of every loophole they allow you to have.

                                                                                                            If you don't want to take the time to educate yourself on how to lower your tax burden, then that's on you and you should just keep paying out huge sums to the IRS.
                                                                                                            So basically all the taxpayers that paid in 10's and 100's of thousands of dollars are doing it because they are ignorant and don't know about DirtyWhiteBoy's system to get out of paying taxes?

                                                                                                            I'm taking time now to ask you to post some of your tax saving loopholes here? Educate us. If they are are legal then what's the big deal? post away

                                                                                                            BV
                                                                                                            Last edited by BV; 04-20-2008, 01:47 AM.

                                                                                                              Comment

                                                                                                              • slapass
                                                                                                                Too lazy to set a custom title
                                                                                                                • Nov 2002
                                                                                                                • 14625
                                                                                                                #128
                                                                                                                Originally posted by DirtyWhiteBoy


                                                                                                                I've been through an audit and came out just fine.

                                                                                                                All an audit does is make sure the info you provided to them is correct. If all your ducks are in a row, there is no problem. Again, there is nothing illegal about being smart about your taxes. THEY write the tax code, and we work within it. It's not about what you write on your tax return, it's about how you structure your business and take FULL ADVANTAGE of every loophole they allow you to have.

                                                                                                                If you don't want to take the time to educate yourself on how to lower your tax burden, then that's on you and you should just keep paying out huge sums to the IRS.
                                                                                                                I will epassporte you a decent sum if you lay it out for me. I get reamed every year.

                                                                                                                Death taxes seems dumb as fuck and sure it is a double tax but when do you want to pay taxes? Now or later? The govt still needs to collect the same amount. The first 600k or maybe higher now is exempt and it is 50% after that. A million dollar inheritance nets you 800k. You did nothing for this cash but have a parent that was smart. To me that is a great time to pay the tax.

                                                                                                                And don't give me the family farm shit. You get a 2 million dollar farm and you now owe 700k to the US for it. Sell it, farm it or do whatever but don't whine that you can't make a go of it. The average age of inheritance is over 48 years old. You should ahve your own shit going by then so this is extra.

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