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Old 04-13-2017, 04:29 PM   #21
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I am willing to pay x% more IF and only IF we start to cut the fraud, waste and abuse of taxpayer money in this country. If we can cut at least some of it, I don't mind paying more.

Here's a place we could cut, for example. How many refugees could we help with say, half of that $41 billion figure that is going to upper crust Ivy League schools? How many hungry and homeless here in the USA could we help?

You see what I mean? You want more money from me? How about we don't give as much to institutions that are overflowing in cash?

Quote:
Originally Posted by darthbob88
That's not even tangential to the post you were responding to, it is absolutely irrelevant.
Quote:
We have tons of waste in our government that can be cut.
Considering we have a mostly-functional government and have had Republicans demanding budget cuts for the past 30 years, there can't possibly be as much waste as you'd think, apart from what I mentioned previously.
Quote:
And, we have real problems here in America that need to be fixed before committing billions to invite in endless immigrants from shitty third world countries. Other countries in the world can and should step up and take them. And, many have in Western Europe.

Other countries could help more rather than constantly turning to America
Turkey, Lebanon, Egypt, and Jordan have taken in 5 million refugees, while last I heard the US was planning to take in on the order of 80,000 refugees from all sources. They are stepping up, we're just taking on a small part of the burden.

However, you are correct, we do have a lot of problems here in the States, that we do need to fix, but it's going to cost more than we're currently spending on refugees and cuttable waste to fix those problems. So, same question I asked dart, how much are you willing to pay in higher taxes to fix our problems?
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Old 04-13-2017, 07:10 PM   #22
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Quote:
Originally Posted by darthbob88
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Originally Posted by 65dart


I'm glad to chip in, as I said above I have. I'm against raising taxes because that money is not going to homeless people. If the welefare system was fixed and say certain people were unable to lie about household income in order to get food stamps I would be more willing to raise taxes to fund certain people.

Its really funny that you say I'm not willing to chip in. I pay so many god dam taxes if you had to pay them it would baffle you. I pay personal property tax, I pay business property tax, I'm in the 30 to 40% range on income taxes because I'm a business. When I had employees I paid taxes on all of them. So don't tell me I haven't chipped in. When your sitting back and at best paying 20% on your income tax.

And simply since I know your answer is tax the rich, it simply doesn't work. The rich look at their end result not their gross. So you got a ceo making a million dollars and you run their taxes up to 70% their going to ask for a pay cut, to bring them down a tax bracket so they end up with more money at the end.
You could have just stopped at "Yes, actually, I would be willing to pay taxes to help America's homeless", rather than continuing on with a chip on your shoulder and telling us all you don't understand how taxes work.

Please do tell. How do I not understand how taxes work.
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Old 04-13-2017, 07:11 PM   #23
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Originally Posted by billxl883
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Originally Posted by 65daft
... The rich look at their end result not their gross. So you got a ceo making a million dollars and you run their taxes up to 70% their going to ask for a pay cut, to bring them down a tax bracket so they end up with more money at the end.
Your ignorance of how tax brackets work is exceeded only by your ignorance of..... well ..... just about anything else.

Please do explain my ignorance on tax brackets. Some how I doubt you will
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Old 04-13-2017, 07:21 PM   #24
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Originally Posted by darthbob88
That's not even tangential to the post you were responding to, it is absolutely irrelevant.
Quote:
We have tons of waste in our government that can be cut.
Considering we have a mostly-functional government and have had Republicans demanding budget cuts for the past 30 years, there can't possibly be as much waste as you'd think, apart from what I mentioned previously.
Quote:
And, we have real problems here in America that need to be fixed before committing billions to invite in endless immigrants from shitty third world countries. Other countries in the world can and should step up and take them. And, many have in Western Europe.

Other countries could help more rather than constantly turning to America
Turkey, Lebanon, Egypt, and Jordan have taken in 5 million refugees, while last I heard the US was planning to take in on the order of 80,000 refugees from all sources. They are stepping up, we're just taking on a small part of the burden.

However, you are correct, we do have a lot of problems here in the States, that we do need to fix, but it's going to cost more than we're currently spending on refugees and cuttable waste to fix those problems. So, same question I asked dart, how much are you willing to pay in higher taxes to fix our problems?

There in lies your problem your one of those people. Cutting this and saving money here won't pay this other bill over here so what is the point. Problem is life doesn't work like that. We cut the refugee and other programs help what homless we can. Guess what next year there will be less homeless, so you do the process all over again and eventually that little bit that you see no need in saving will fix a big a problem.

The other problem is the government has you buffaloed into thinking there is nothing to cut. Why do we have departments to over see departments, that over see departments. Because when ever there is a issue and you go in for answers from a government agency, they say I don't know the computer does it all, so these people are getting paid to stand around and do nothing. So there is plenty to be cut.
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Old 04-13-2017, 07:44 PM   #25
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Based on the dart math on display here, I'm going to guess that dart's the kind of fella that would walk into a bar and brag to his buddies about "beating the system" by turning down a raise for "tax reasons," then make a run for his boss's office after the laughter stops.
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Old 04-13-2017, 08:22 PM   #26
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Quote:
Originally Posted by ShuGuy
Based on the dart math on display here, I'm going to guess that dart's the kind of fella that would walk into a bar and brag to his buddies about "beating the system" by turning down a raise for "tax reasons," then make a run for his boss's office after the laughter stops.

Look shu is so smart he compared a common wage to a ceo wage, which is a miliion plus other venues of revenue that are not straight salary. Yep you know that blue collar worker is going to be taxed exactly the same as millionare.
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Old 04-14-2017, 03:17 AM   #27
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Originally Posted by infantrystud
I am willing to pay x% more IF and only IF we start to cut the fraud, waste and abuse of taxpayer money in this country. If we can cut at least some of it, I don't mind paying more.

Here's a place we could cut, for example. How many refugees could we help with say, half of that $41 billion figure that is going to upper crust Ivy League schools? How many hungry and homeless here in the USA could we help?

You see what I mean? You want more money from me? How about we don't give as much to institutions that are overflowing in cash?
First, I have to note that about $16 billion of that number is in the form of tax breaks, which I believe you explained don't actually cost anybody anything, so somebody's wrong. Additionally, that figure is over the 6 fiscal years 2010-2015, so that's only $4-7 billion per year, depending on whether or not you believe tax expenditures have a cost. Not enough, you and I would still have to chip in something, but a decent start.

I have to ask, why are you so stridently against government fraud? I don't just mean why are you opposed to it, that's nothing unusual. I'm opposed to fraud, you're opposed to fraud, the government departments you're complaining about are opposed to fraud click to show. I mean, why are you taking a firm and apparently courageous moral stance that Fraud Is Bad? You might as well speak out against kitten-burning for all the opposition you'd face.
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Old 04-14-2017, 04:08 AM   #28
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I guess because I've seen fraud up close and personal. And, frankly, you haven't. You're young and more naive than you know.

I've seen the government pay for KBR to drive empty trucks around Iraq.

I've seen the government pay big $$$ for ineptitude.

You talk the $41 billion down to $4-7 billion. Ok, fine, even if we accept that - how many poor black kids click to showwould that help out of the ghetto? How many hungry mouths could it feed for a year?

My federal tax burden this past year was over $20k. And, I don't make as much as you might think. It would take 350k of me to pay $7 billion. Unless my math is wrong.

You just have this cavalier attitude like - "pssh, it is only $7 billion". Well, that's a whole helluva lot of money going to the uber rich Ivy league schools. Why are you always looking to take more out of the taxpayer pocket instead of saying, "wait a Goddamn minute, why is Harvard and Yale getting a shit ton of money?" Its like you just concede it and say, "yeah, yeah, yeah, lets just tax Bill Gates more". As if the Bill Gates' you want to tax are just gonna bend over and take it.

Jesus!

Quote:
Originally Posted by darthbob88
Quote:
Originally Posted by infantrystud
I am willing to pay x% more IF and only IF we start to cut the fraud, waste and abuse of taxpayer money in this country. If we can cut at least some of it, I don't mind paying more.

Here's a place we could cut, for example. How many refugees could we help with say, half of that $41 billion figure that is going to upper crust Ivy League schools? How many hungry and homeless here in the USA could we help?

You see what I mean? You want more money from me? How about we don't give as much to institutions that are overflowing in cash?
First, I have to note that about $16 billion of that number is in the form of tax breaks, which I believe you explained don't actually cost anybody anything, so somebody's wrong. Additionally, that figure is over the 6 fiscal years 2010-2015, so that's only $4-7 billion per year, depending on whether or not you believe tax expenditures have a cost. Not enough, you and I would still have to chip in something, but a decent start.

I have to ask, why are you so stridently against government fraud? I don't just mean why are you opposed to it, that's nothing unusual. I'm opposed to fraud, you're opposed to fraud, the government departments you're complaining about are opposed to fraud click to show. I mean, why are you taking a firm and apparently courageous moral stance that Fraud Is Bad? You might as well speak out against kitten-burning for all the opposition you'd face.
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Old 04-14-2017, 05:59 AM   #29
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Originally Posted by 65daft
And simply since I know your answer is tax the rich, it simply doesn't work. The rich look at their end result not their gross. So you got a ceo making a million dollars and you run their taxes up to 70% their going to ask for a pay cut, to bring them down a tax bracket so they end up with more money at the end.
Quote:
Originally Posted by 65daft
Please do explain my ignorance on tax brackets. Some how I doubt you will
Progressive tax brackets will never cause one to take home more net by making less gross. Here's how it works: The first $x is taxed at say 25%, the next $y is taxed at say 35%. Even if the next $z is taxed at 70% the CEO is still better off taking the pay raise, he'll only net 30% of the amount but his take home does increase. Your assumption is that the entire salary (x+y+z) is taxed at 70% but that's not true, only the z is taxed at 70%, x and y are still taxed at the lower rates.
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Old 04-14-2017, 06:04 AM   #30
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Originally Posted by infantrystud
I guess because I've seen fraud up close and personal. And, frankly, you haven't. You're young and more naive than you know.

I've seen the government pay for KBR to drive empty trucks around Iraq.

I've seen the government pay big $$$ for ineptitude.

You talk the $41 billion down to $4-7 billion. Ok, fine, even if we accept that - how many poor black kids click to showwould that help out of the ghetto? How many hungry mouths could it feed for a year?
Didja miss the part where I said it wouldn't be enough, but that it would be a decent start?
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You just have this cavalier attitude like - "pssh, it is only $7 billion". Well, that's a whole helluva lot of money going to the uber rich Ivy league schools. Why are you always looking to take more out of the taxpayer pocket instead of saying, "wait a Goddamn minute, why is Harvard and Yale getting a shit ton of money?" Its like you just concede it and say, "yeah, yeah, yeah, lets just tax Bill Gates more". As if the Bill Gates' you want to tax are just gonna bend over and take it.
The budget last I heard was something on the order of $4200 billion, and SNAP alone is losing $15 billion per year in the current budget proposal. Cutting federal aid to the Ivies would be, as I said, a good start, but not even enough to offset the cuts to SNAP, never mind the other programs in place to support America's needy, nor the expansions we'd need for these programs in order to actually solve problems rather than just keeping them from getting worse. Shit's going to be expensive. But, I really do want to fix these problems and get America back in working order, so I'm willing to pay what taxes I must to get the job done. Are you?
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Old 04-14-2017, 07:43 AM   #31
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Quote:
Originally Posted by billxl883
Quote:
Originally Posted by 65daft
Please do explain my ignorance on tax brackets. Some how I doubt you will
Progressive tax brackets will never cause one to take home more net by making less gross. Here's how it works: The first $x is taxed at say 25%, the next $y is taxed at say 35%. Even if the next $z is taxed at 70% the CEO is still better off taking the pay raise, he'll only net 30% of the amount but his take home does increase. Your assumption is that the entire salary (x+y+z) is taxed at 70% but that's not true, only the z is taxed at 70%, x and y are still taxed at the lower rates.

I was really hoping you were going to say that, because it once again shows you truly don't know what your talking about. What is a ceo that is making a million dollars going to do If suddenly they bump his taxes up to 70%. He is going to say cut my pay to the 440,000 so that way my income is only taxed at 35%. Then go ahead and give me my other 560,000 in incentives, bonuses,credits stocks, mutual funds, and what ever other method he can find to get the rest of money taxed around 35%.

Its funny you got you, darth and shu all going look dart is an idiot, but when it comes down to it, the three of you guys are clueless. You seem to think that things in your little world is how it works for everyone.
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Old 04-14-2017, 08:11 AM   #32
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Originally Posted by darthbob88
Quote:
Originally Posted by infantrystud
I am willing to pay x% more IF and only IF we start to cut the fraud, waste and abuse of taxpayer money in this country. If we can cut at least some of it, I don't mind paying more.

Here's a place we could cut, for example. How many refugees could we help with say, half of that $41 billion figure that is going to upper crust Ivy League schools? How many hungry and homeless here in the USA could we help?

You see what I mean? You want more money from me? How about we don't give as much to institutions that are overflowing in cash?
First, I have to note that about $16 billion of that number is in the form of tax breaks, which I believe you explained don't actually cost anybody anything, so somebody's wrong. Additionally, that figure is over the 6 fiscal years 2010-2015, so that's only $4-7 billion per year, depending on whether or not you believe tax expenditures have a cost. Not enough, you and I would still have to chip in something, but a decent start.

I have to ask, why are you so stridently against government fraud? I don't just mean why are you opposed to it, that's nothing unusual. I'm opposed to fraud, you're opposed to fraud, the government departments you're complaining about are opposed to fraud click to show. I mean, why are you taking a firm and apparently courageous moral stance that Fraud Is Bad? You might as well speak out against kitten-burning for all the opposition you'd face.

Should be obvioius why people are speaking about fraud darth. Because people like you don't see things as fraud. You keep repeating that there is not many things that can be cut from the govermnet. But you don't see a problem with creating a deptarment to over see a department, that was created to over see the department, that over see a program. Yous seem to be ok with crap like that.

Your family commited fraud, but you justified it with mean old police man gave my dad a dui making it hard to make ends meet. So it was only right that the government help out your family.

So there in lies the problem your ok with fraud if it can be justified in your head that there is a reason for it.
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Old 04-14-2017, 02:30 PM   #33
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Ok, well at least we agree that the money going to Ivy League schools can be better spent on our poor and hungry kids.

Like I said, if we are willing to take a giant meat cleaver to our budget, I am willing to ultimately pay more to fix things. I mean really fix things.

Dart does bring up a good point, there are entire departments of our government that can probably just go away. That could save us money that we can spend on other things. https://www.downsizinggovernment.org/

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Originally Posted by darthbob88
Didja miss the part where I said it wouldn't be enough, but that it would be a decent start?
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You just have this cavalier attitude like - "pssh, it is only $7 billion". Well, that's a whole helluva lot of money going to the uber rich Ivy league schools. Why are you always looking to take more out of the taxpayer pocket instead of saying, "wait a Goddamn minute, why is Harvard and Yale getting a shit ton of money?" Its like you just concede it and say, "yeah, yeah, yeah, lets just tax Bill Gates more". As if the Bill Gates' you want to tax are just gonna bend over and take it.
The budget last I heard was something on the order of $4200 billion, and SNAP alone is losing $15 billion per year in the current budget proposal. Cutting federal aid to the Ivies would be, as I said, a good start, but not even enough to offset the cuts to SNAP, never mind the other programs in place to support America's needy, nor the expansions we'd need for these programs in order to actually solve problems rather than just keeping them from getting worse. Shit's going to be expensive. But, I really do want to fix these problems and get America back in working order, so I'm willing to pay what taxes I must to get the job done. Are you?
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Old 04-15-2017, 01:54 AM   #34
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Ok, well at least we agree that the money going to Ivy League schools can be better spent on our poor and hungry kids.

Like I said, if we are willing to take a giant meat cleaver to our budget, I am willing to ultimately pay more to fix things. I mean really fix things.

Dart does bring up a good point, there are entire departments of our government that can probably just go away. That could save us money that we can spend on other things. https://www.downsizinggovernment.org/
Including such practical and feasible advice as terminating aid to small businesses and West Virginia can pay for its own world-class school system. I haven't read all of those suggestions, but what I've seen have been extremely dependent on the confidence that the market will solve all problems and provide a service more cheaply than the government, and that we don't need California and New York to subsidize Alabama and Kentucky. Shockingly, I accept neither of these premises.
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Old 04-15-2017, 03:54 AM   #35
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I was really hoping you were going to say that, because it once again shows you truly don't know what your talking about. What is a ceo that is making a million dollars going to do If suddenly they bump his taxes up to 70%. He is going to say cut my pay to the 440,000 so that way my income is only taxed at 35%. Then go ahead and give me my other 560,000 in incentives, bonuses,credits stocks, mutual funds, and what ever other method he can find to get the rest of money taxed around 35%.

Its funny you got you, darth and shu all going look dart is an idiot, but when it comes down to it, the three of you guys are clueless. You seem to think that things in your little world is how it works for everyone.
So now you want to change the assumptions so you think it fits your answer. Well, even with the changed assumptions it doesn't fit. If you lived in the real world you would know that incentives and bonuses are taxed just like regular income, there is no such thing as "credits stocks", and if they received mutual funds that would also be taxes as ordinary income. You missed three items that actually can reduce their current income tax but would be taxed later. I'll leave it to you to tell us what those are. click to show

Your complete ignorance of taxation is astounding. I've worked with these kinds of things for years, I know what the hell I'm talking about. You, on the other hand, have experience running what is essentially a shoe shine stand.
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Old 04-15-2017, 08:22 AM   #36
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Originally Posted by billxl883
Quote:
Originally Posted by 65daft
I was really hoping you were going to say that, because it once again shows you truly don't know what your talking about. What is a ceo that is making a million dollars going to do If suddenly they bump his taxes up to 70%. He is going to say cut my pay to the 440,000 so that way my income is only taxed at 35%. Then go ahead and give me my other 560,000 in incentives, bonuses,credits stocks, mutual funds, and what ever other method he can find to get the rest of money taxed around 35%.

Its funny you got you, darth and shu all going look dart is an idiot, but when it comes down to it, the three of you guys are clueless. You seem to think that things in your little world is how it works for everyone.
So now you want to change the assumptions so you think it fits your answer. Well, even with the changed assumptions it doesn't fit. If you lived in the real world you would know that incentives and bonuses are taxed just like regular income, there is no such thing as "credits stocks", and if they received mutual funds that would also be taxes as ordinary income. You missed three items that actually can reduce their current income tax but would be taxed later. I'll leave it to you to tell us what those are. click to show

Your complete ignorance of taxation is astounding. I've worked with these kinds of things for years, I know what the hell I'm talking about. You, on the other hand, have experience running what is essentially a shoe shine stand.


I have already caught you in enough lies we know you haven't dealt with this for years, so don't even start up with that bullshit again.

I didn't change the assumption because you made the assumption. Instead of calling names you should have asked what I meant. But nope you choose the low road so that is on you.

Incentives and bonuses can be taxed in many different ways, so no they are not taxed like regular income. Boats, houses, cars, vacation, ect are taxed way different than a cash bonus, If you have dealt with this for years you should know that.

Sorry I missed a comma that stocks, credits. Funny you make an assumption last time, but then stick to exactely what I type this time.

As for mutual funds it is the same game as bonuses, different types are taxed different ways, so it all in how it is handled.

I'm guessing I didn't miss anything, I just didn't list them specifically. Your thinking your going to pull a quick one here to attempt to make look stupid, but we all know that game doesn't work for you.
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Old 04-16-2017, 06:29 AM   #37
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Originally Posted by 65daft
I have already caught you in enough lies we know you haven't dealt with this for years, so don't even start up with that bullshit again.
You've never dealt with it, your ignorance about it proves that. I still keep up with tax laws because I still do some consulting, so once again - you're an ass.

Quote:
Originally Posted by 65daft
I didn't change the assumption because you made the assumption. Instead of calling names you should have asked what I meant. But nope you choose the low road so that is on you.

Incentives and bonuses can be taxed in many different ways, so no they are not taxed like regular income. Boats, houses, cars, vacation, ect are taxed way different than a cash bonus, If you have dealt with this for years you should know that.
Actaully, it is you that is wrong. If your employer gives you boats, houses, cars, or vacations they are taxed as ordinary income. Go ahead and show us the tax code sections that tax them differently.

Quote:
Originally Posted by 65daft
Sorry I missed a comma that stocks, credits. Funny you make an assumption last time, but then stick to exactely what I type this time.
Learning to express yourself, in this case through proper punctuation, is part of becoming an adult. Try it some time. And if your employer gives you stock it is taxed as ordinary income. Credits? What type of credit are they giving you?


Quote:
Originally Posted by 65daft
As for mutual funds it is the same game as bonuses, different types are taxed different ways, so it all in how it is handled.
Yes, if your employer gives you mutual funds they are taxed just like bonuses - ordinary income tax rates apply.

Quote:
Originally Posted by 65daft
I'm guessing I didn't miss anything, I just didn't list them specifically. Your thinking your going to pull a quick one here to attempt to make look stupid, but we all know that game doesn't work for you.
You did miss the few things that can defer tax, but the fact that you can't name them tells us that you have no clue. You named the ones that are taxed at regular rates and missed the ones commonly used to defer taxes, not real smart there, Spunky.
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Old 04-17-2017, 07:48 PM   #38
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Originally Posted by billxl883
You've never dealt with it, your ignorance about it proves that. I still keep up with tax laws because I still do some consulting, so once again - you're an ass.

Quote:
Originally Posted by 65daft
I didn't change the assumption because you made the assumption. Instead of calling names you should have asked what I meant. But nope you choose the low road so that is on you.

Incentives and bonuses can be taxed in many different ways, so no they are not taxed like regular income. Boats, houses, cars, vacation, ect are taxed way different than a cash bonus, If you have dealt with this for years you should know that.
Actaully, it is you that is wrong. If your employer gives you boats, houses, cars, or vacations they are taxed as ordinary income. Go ahead and show us the tax code sections that tax them differently.

Quote:
Originally Posted by 65daft
Sorry I missed a comma that stocks, credits. Funny you make an assumption last time, but then stick to exactely what I type this time.
Learning to express yourself, in this case through proper punctuation, is part of becoming an adult. Try it some time. And if your employer gives you stock it is taxed as ordinary income. Credits? What type of credit are they giving you?


Quote:
Originally Posted by 65daft
As for mutual funds it is the same game as bonuses, different types are taxed different ways, so it all in how it is handled.
Yes, if your employer gives you mutual funds they are taxed just like bonuses - ordinary income tax rates apply.

Quote:
Originally Posted by 65daft
I'm guessing I didn't miss anything, I just didn't list them specifically. Your thinking your going to pull a quick one here to attempt to make look stupid, but we all know that game doesn't work for you.
You did miss the few things that can defer tax, but the fact that you can't name them tells us that you have no clue. You named the ones that are taxed at regular rates and missed the ones commonly used to defer taxes, not real smart there, Spunky.


Well typically when you call me an ass that means your wrong and don't want to admit it, so I guess we are that point.

So basically what your telling me then is your a glorified CPA. Then you didn't actually run a business, because a ceo isn't worring about a tax laws, that what he hires an accountant for, because keeping track of all the tax laws is a full time job in it self.

Items of personal property are taxed way different than cash bonuses. If your so up on the laws you would know this.

No mutual funds are not taxed at the same rate, with a mutual fund you have a vested intrest which puts them in a much lower tax bracket. Or to put it simple for you since you don't seem to understand the mutual fund is not usable like cash is, so it has a lower instant value, hence why it is taxed at a lower rate.

I'm guessing your referring to a 401k, and an IRA when you keep repeating that I haven't named thing that will defer taxes. Which guess what they are a mutual fund so yes I did already name. I'm using vague terms here as going into detail would be to extensive. And your going to sit their and try to nit pick on details that are not there because you have already lost this argument.

Funny you bring that up. " Learning to express myself in a proper way is being an adult". Gee I made a simple typo, so it was not like I was not expressing my self properly it was a mistake, but you in the mean time will still argue up and down that 1/10% is a value. So who is being an adult here and expressing themselves properly. Certainly not you. I'm adult enough to admit I made a typo, you on the other hand want to cry and say I should of understood what you meant from the story you linked to your comment. Then stomp your foot and swear that it is an actual value and everyone else around you is just to dumb to know it. So really who is being the adult here.
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Old 04-18-2017, 06:21 AM   #39
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Originally Posted by 65daft
Well typically when you call me an ass that means your wrong and don't want to admit it, so I guess we are that point.
Funny. I call you an ass and that makes you think you are correct.

Quote:
Originally Posted by 65daft
... because a ceo isn't worring about a tax laws, that what he hires an accountant for, because keeping track of all the tax laws is a full time job in it self.
Yup, I was the one advising the CEO about the tax consequences of actions, among other financial matters. Keeping up with tax laws is not a full time job, unless you're pretty stupid.

Quote:
Originally Posted by 65daft
Items of personal property are taxed way different than cash bonuses. If your so up on the laws you would know this.
No, they're not, and repeating this does not make it true. Items of personal property are taxed as regular income. If the company gives you an RV worth $150,000 then you have $150,000 of income that you must pay tax on at regular rates (this is an actual example that I had to deal with).

Quote:
Originally Posted by 65daft
No mutual funds are not taxed at the same rate, with a mutual fund you have a vested intrest which puts them in a much lower tax bracket. Or to put it simple for you since you don't seem to understand the mutual fund is not usable like cash is, so it has a lower instant value, hence why it is taxed at a lower rate.
You have no idea what you're talking about. Do you even know what a mutual fund is?

Quote:
Originally Posted by 65daft
I'm guessing your referring to a 401k, and an IRA when you keep repeating that I haven't named thing that will defer taxes. Which guess what they are a mutual fund so yes I did already name. I'm using vague terms here as going into detail would be to extensive. And your going to sit their and try to nit pick on details that are not there because you have already lost this argument.
Your guess is wrong, surprise, surprise! Not specifically a 401K or IRA but any contribution to a deferred retirement plan. 401Ks and IRAs have limits on what can be contributed to them without penalty and tax. What I was really thinking about is a really sweet retirement plan where rather than making a contribution the company gives you a big pension. BTW, 401Ks and IRAs are not necessarily mutual funds. 401Ks usually are because they are easier to understand and administer that way. IRAs can hold just about any investment type asset, even real estate.

Quote:
Originally Posted by 65daft
Funny you bring that up. " Learning to express myself in a proper way is being an adult". Gee I made a simple typo, so it was not like I was not expressing my self properly it was a mistake, but you in the mean time will still argue up and down that 1/10% is a value. So who is being an adult here and expressing themselves properly. Certainly not you. I'm adult enough to admit I made a typo, you on the other hand want to cry and say I should of understood what you meant from the story you linked to your comment. Then stomp your foot and swear that it is an actual value and everyone else around you is just to dumb to know it. So really who is being the adult here.
When punctuation mistakes change the meaning of something they are an error, not a simple typo. And, once again, you're the only one who didn't understand 1/10% as a value. If you're the only one not to understand it, then it's your problem.
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Old 04-18-2017, 08:44 PM   #40
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Funny. I call you an ass and that makes you think you are correct.

Quote:
Originally Posted by 65daft
... because a ceo isn't worring about a tax laws, that what he hires an accountant for, because keeping track of all the tax laws is a full time job in it self.
Yup, I was the one advising the CEO about the tax consequences of actions, among other financial matters. Keeping up with tax laws is not a full time job, unless you're pretty stupid.

Quote:
Originally Posted by 65daft
Items of personal property are taxed way different than cash bonuses. If your so up on the laws you would know this.
No, they're not, and repeating this does not make it true. Items of personal property are taxed as regular income. If the company gives you an RV worth $150,000 then you have $150,000 of income that you must pay tax on at regular rates (this is an actual example that I had to deal with).

Quote:
Originally Posted by 65daft
No mutual funds are not taxed at the same rate, with a mutual fund you have a vested intrest which puts them in a much lower tax bracket. Or to put it simple for you since you don't seem to understand the mutual fund is not usable like cash is, so it has a lower instant value, hence why it is taxed at a lower rate.
You have no idea what you're talking about. Do you even know what a mutual fund is?

Quote:
Originally Posted by 65daft
I'm guessing your referring to a 401k, and an IRA when you keep repeating that I haven't named thing that will defer taxes. Which guess what they are a mutual fund so yes I did already name. I'm using vague terms here as going into detail would be to extensive. And your going to sit their and try to nit pick on details that are not there because you have already lost this argument.
Your guess is wrong, surprise, surprise! Not specifically a 401K or IRA but any contribution to a deferred retirement plan. 401Ks and IRAs have limits on what can be contributed to them without penalty and tax. What I was really thinking about is a really sweet retirement plan where rather than making a contribution the company gives you a big pension. BTW, 401Ks and IRAs are not necessarily mutual funds. 401Ks usually are because they are easier to understand and administer that way. IRAs can hold just about any investment type asset, even real estate.

Quote:
Originally Posted by 65daft
Funny you bring that up. " Learning to express myself in a proper way is being an adult". Gee I made a simple typo, so it was not like I was not expressing my self properly it was a mistake, but you in the mean time will still argue up and down that 1/10% is a value. So who is being an adult here and expressing themselves properly. Certainly not you. I'm adult enough to admit I made a typo, you on the other hand want to cry and say I should of understood what you meant from the story you linked to your comment. Then stomp your foot and swear that it is an actual value and everyone else around you is just to dumb to know it. So really who is being the adult here.
When punctuation mistakes change the meaning of something they are an error, not a simple typo. And, once again, you're the only one who didn't understand 1/10% as a value. If you're the only one not to understand it, then it's your problem.

I didn't say it made me correct I just pointed out your pattern.


So then you didn't run companies as you claim.

If a company gives you a motorhome valued at 150k, you then take the AVR of the motor home and you only pay taxes on that. Rember a new vehicle drops 20% in value the second it is driven off the lot so yes items for a pay saves you a fortune in taxes.

My guess wasn't wrong, those are two things that defer tax, But since taxes are so complex and you were being so vague it is rather hard to guess what you were thinking.

You don't get it both way bill. Simply I'm sure everyone knew what I menat to, that still doesn't make my typo correct. What you said means one divided by ten percent. Plain and simple what you wrote changed the meaning just the same as what I wrote changed the meaning. So either you were wrong, or you can say oh well you made a typo no big deal thanks for clarifying that.
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