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 nugsarenice
Carpal Tunnel
Registered: 06/04/00
Posts: 3,442
Loc: nowhere
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 New Tax Laws 
#551171 - 02/14/02 11:21 AM (21 years, 9 months ago) |
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The average american pays over 25% of his income to the government.
35.7 percent of americans won't pay taxes
up from last years 34.7 percent
The government won't collect 262.2 billion over the next 5 years from tax breaks
Tax breaks for oil and gas exploration and production will cost 11.1 billion up from the 1997 estimate of 10.4 billion.
Basic tax breaks that effect the average individual
Other tax laws that are of greater interest.
Real estate companies are getting special benefits on estate taxes due to each state's politician inside tax code that was added to the overall packadge. In other words, this tax break had so many additions to local and state tax laws, that noone can trace all of this corruption. Containing 441 changes, on a 186 page document that is technical, and almost indecipherable.
Known conspirators of giving away special estate tax packages:
Senator Daniael Inouye, Daniel Akaka, Neil Abercrobie, republicans and democrats alike.
"It's a tradition, kind of Washington's dirty little secret, that wealthy campaign contributors can get special tax breaks written for them." -
Bill Allision - Center for Public Integrity
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 Innvertigo
Vote Libertarian!!
Registered: 02/08/01
Posts: 16,296
Loc: Crackerville, Michigan U...
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the less taxes americans pay the better..that's what i always say.....5% of americans pay 95% of the taxes
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America....FUCK YEAH!!!
Words of Wisdom: Individual Rights BEFORE Collective Rights
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
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nugsarenice
Carpal Tunnel
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Re: New Tax Laws [Re: Innvertigo]
#551403 - 02/14/02 02:49 PM (21 years, 9 months ago) |
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That's the way I feel toward paying taxes here. I don't want to support our government in taxes now, maybe when I see a president in power I suppot, I will be proud to pay my taxes. Even though I don't make enough to be income taxed, I would'nt even qualify for any of these tax breaks. You have to be 25 years of age. Their adding codes to the home office tax, to deter people from operating an office inside a house. I would like to see a green party president raise taxes in a "special tax raise project" in which our government could use 250 billion dollars in initial humanitarian aid, and then lower taxes, to produce another 5 billion a year. That works out to a 250 dollars a person, and then 5 dollars a year.
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nugsarenice
Carpal Tunnel
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I want to add something. In some political parties, there are by law codes that can enable a party to expel members. Every party has different ways. I think the green party does it by a special meeting of officers to judge, and then by vote afterwards by the whole registered party. Why have you not ever heard of any democrats or republicans being expelled from their party? I only ask because I believe if these were politicians belonging to the green party, there would be an investigation that would most likely lead to expulsion of the party. I think that is the reason I never vote democrat or republican, their are different factions within one party. I think these factions should seperate into seperate parties if they have different views. Or maybe all democrats and republicans are taking bribes, just not some.
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nugsarenice
Carpal Tunnel
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Posts: 3,442
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Re: New Tax Laws [Re: Innvertigo]
#598283 - 04/04/02 04:17 AM (21 years, 7 months ago) |
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Rail gun, you are quite wrong about that statistic, maybe you mistyped. It is completely the opposite, their is a sliding tax scale that caters from lower class to middle upper class in which people are taxed through their income. These classes make up 95 percent of the population. While the other 5 percent, which we can include bush in, don't ever pay anything, while even earning money!
They use tax shelters, created by investment, to create tax free stock investment, and also they are not taxed because why? Rich people don't work.
I want to acknowldge E.A. Buck Family of Companies for the contributions and statistics, and surviving the boring and neverending hell , that is reading and translating the everchanging tax code. Without succombing to the Business Tax lawyer sycophant syndrome.
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Jammer
Computers areMORE Addictive!
Registered: 11/04/00
Posts: 3,998
Loc: (God's Country) - USA
Last seen: 18 years, 2 months
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 Re: New Tax Laws [Re: Innvertigo]
#598289 - 04/04/02 04:22 AM (21 years, 7 months ago) |
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RE: 5% of americans pay 95% of the taxes
Thats bullshit. The middle class worker pays the bulk of the taxes while the richest 5% controll the puppet goverments.
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>>Jammer>>
Edited by Jammer (04/04/02 04:23 AM)
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nugsarenice
Carpal Tunnel
Registered: 06/04/00
Posts: 3,442
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Last seen: 18 years, 3 months
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Re: New Tax Laws [Re: Jammer]
#598294 - 04/04/02 04:30 AM (21 years, 7 months ago) |
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somebody remembered to repeat their propanganda! ha!
By the way the sliding tax scale goes up from lower class to middle upper, so to create this impossible bridge that noone can pass and become elite. Did you know there are laws on the book which state a fixed rate on inheritance? It is now about 3 million, if i was president, i might just make it 25,000 dollars. I mean if you were able to create 3 million, you obviously cheated someone.
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Jammer
Computers areMORE Addictive!
Registered: 11/04/00
Posts: 3,998
Loc: (God's Country) - USA
Last seen: 18 years, 2 months
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Like the rich are being robed.
I suposed they really work too.
Buy.... Sell... Buy... Sell..
Damm libierals want to rob the rich. (like they really can)
What ever.
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>>Jammer>>
Edited by Jammer (04/04/02 04:37 AM)
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nugsarenice
Carpal Tunnel
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Posts: 3,442
Loc: nowhere
Last seen: 18 years, 3 months
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Re: New Tax Laws [Re: Jammer]
#598301 - 04/04/02 04:40 AM (21 years, 7 months ago) |
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Tha'ts the new tax law in effect, this will go up to 7 million, and then back down, I don't know what the point is in going back down is. I guess so noone notices that it ever changed. I swear, everybody and their mother could invest in stocks with the help from yahoo, and a good half a million dollar tax lawyer, and 7 million dollars, and retire in a year. I mean come on, is stockbroking that hard.
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Anonymous
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"I mean if you were able to create 3 million, you obviously cheated someone."
I'm sorry nugsarenice, but that statement is born out of either pure ignorance, pure envy or a
combination of both. Additionally, to accumulate 3 million dollars in assest (a combination of
cash, stock, real estate and other items) over the course of a life really isn't enough in this day
and age to qualify someone as rich, especially if you live in an a place like California where an
entry level home in some areas can cost about $300,000.00. This is more like a long life of
middle class hard work.
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nugsarenice
Carpal Tunnel
Registered: 06/04/00
Posts: 3,442
Loc: nowhere
Last seen: 18 years, 3 months
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Re: New Tax Laws [Re: ]
#599000 - 04/04/02 07:52 PM (21 years, 7 months ago) |
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I guess your right, I am just always thinking about other countries, in which peoples yearly wages are usually under 100 dollars. But if you say 3 million is a good salary i'll believe you. By the way what is your salary? Last year, while working two jobs, I was able to save 2000 dollars, with a total net income of 8000. But maybe it is because I am so young, but if it was'nt for drugs I could'nt have paid my rent a couple times, so if you become homeless how can you work up the class ladder. I don't know, if I was ever presented with that kind of money, or property, I could'nt accept that kind of money, it will only lead to trouble if you ask me.
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Anonymous
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When you previously referred to 3 million, it was as inheritance, that's not salary, inheritance is what someone passes on to their heirs when they die.
I don't have a salary, I'm self employed my income can change from day to day. I support myself, my family, help to support numerous shiftless beaurocrats and the offspring of irresponsible men, and the women they've impregnated. I paid more in taxes than your net income and no doubt more than your gross. To the Feds alone, I paid 42.8% of my hard earned money. How is that you ask? There's something known as 'self employment tax' which is levied upon those who take the risks that the self pitying, self described 'wage slaves' don't have the guts to take.
How can I work my way up 'the class ladder' when the more I earn, the greater percentage the government takes? Hard work, perseverance, ingenuity, thrift and not relying on anyone else to make my life better. But it's getting harder every year as more and more people come to believe it's their right to live off of the hard work of others and demand that the government make it easy for them to do so.
I would accept that kind of money (3 million), and I would invest it. Maybe buy a house and set up educational trust funds for my children. I could not realistically retire on that amount right away, but it would make it so I wouldn't have to pay rent, just property tax and the rest would be set aside to earn more money for when I do retire. With reinvesting of dividends after a couple of decades I should have a much better retirement than I would if I had to rely on social security (which will be bankrupt).
If money will lead you into trouble, that is a consequence of your choices. Money isn't the problem, character is.
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nugsarenice
Carpal Tunnel
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Posts: 3,442
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Last seen: 18 years, 3 months
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Re: New Tax Laws [Re: ]
#599498 - 04/05/02 10:11 AM (21 years, 7 months ago) |
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You could retire right away. You know you can get an apartment in Philadelphia for about 50 dollars a month. Also, maybe you are not investing enough if that is what you paid in taxes, you need to create a tax shelter, or something. I am no tax consultant though. You paid about a 6 months of food stamps for me too. Does that make you feel better about your taxes. You also paid for my heating during winter, my lizard thanks you, as without his heating pad he would have died. So what is your job? I am always trying to figure out what all the millionaires do, it seems most of the time, millionaires take offense if you even ask them how they became a millionaire, It's like a secret society of smart people or something. You don't have to awnser though, I don't want to take away your money secrets.
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Phred
Fred's son
Registered: 10/18/00
Posts: 12,949
Loc: Dominican Republic
Last seen: 8 years, 10 months
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Re: New Tax Laws [Re: ]
#599559 - 04/05/02 11:08 AM (21 years, 7 months ago) |
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Three cheers for evolving!
Looks like the tax situation in the US is worse than I realized. I had figured that only in Canada and other quasi-socialist Nanny States did middle-income earners get whacked for 43% of their income.
If you don't mind me asking, what additional percentage went towards state taxes?
pinky
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Anonymous
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"You could retire right away. You know you can get an apartment in Philadelphia for about 50 dollars a month. "
LOL, I think that's a bit of a stretch. If it isn't, I probably have to sleep with a gun under my pillow. I could live out of a shopping cart and eat out of the trash for less than that, but I wouldn't be providing for a family and working to give my children a better life than I've had. Nor would I be supporting the parasite class I referred to previously. I am not a millionaire, I live a middle class existence and work as a consultant programmer/analyst. I live in the same area (not the same city) where I grew up and the cost of living is the third highest in the country. The Fed's don't take that into account when they confiscate your income.
The money secrets of the millionaires I know consist mostly of hard work and lots of it (16 hour days, 6 days a week), combined with risk taking, self direction, goal setting and personal responsability. Every one of them I know is honest and generous. If they weren't honest they would have a much harder time keeping business and getting referrals. They are generous because that is the nature of their personalities and their hard work has paid off and provided them with more to give.
Edited by evolving (04/05/02 11:51 AM)
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Anonymous
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Re: New Tax Laws [Re: Phred]
#599599 - 04/05/02 12:01 PM (21 years, 7 months ago) |
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Thanks for the support Pinky.
Last year, my state income tax was about 10%.
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toxick
The GoodReverend, Dr.
Registered: 12/10/00
Posts: 128
Loc: O NE
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Janet Reno, if I do not go to jail, I will be in Orlando August 15 and you are not going to be elected to any damn thing. Nobody should fear our Government.
- James Traficant
Edited by toxick (04/05/02 05:56 PM)
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