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#51
posted to rec.boats
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Got a chuckle ...
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#53
posted to rec.boats
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Got a chuckle ...
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#54
posted to rec.boats
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Got a chuckle ...
Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote: On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze wrote: On 10/22/17 1:53 PM, Bill wrote: wrote: On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze wrote: On 10/22/17 12:05 PM, Mr. Luddite wrote: You just seem to be opposed to anything others have that you don't. Not at all. Too many of the rich have too many ways to avoid manner of serious taxation. Trump also wants to eliminate the AMT. If, if you want to eliminate the estate tax and perhaps the AMT, just tax all income as ordinary income, okay? Okay? The AMT ends up grabbing a lot of middle class people. It was a "good idea" that backfired. As for tax, I would go with a flat tax if I wanted to be fair. Just set a pretty high personal exemption and tax the rest at a flat rate, no deductions. If it was 16%, guys like Buffett would be paying more ... if you believe what he says. I have no problem with taxing all income as ordinary income. But qualified dividends were already taxed at the 39% corporate tax rate, and then the person getting them pays 20% of that money to the Fed. Seems as if that makes a tax rate of about 51%. Fair? I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? Nope, Trump is correct. When a corporation has profit they can not offshore, they pay 39%. Lots of corporations are US only. And they have a problem competing with offshore corporations that pay 20%. Extra 19% of the profit can make for lower prices. |
#55
posted to rec.boats
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Got a chuckle ...
On 10/23/17 5:24 PM, Mr. Luddite wrote:
On 10/23/2017 1:14 PM, Keyser Soze wrote: On 10/23/17 3:03 AM, wrote: On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze wrote: On 10/22/17 1:53 PM, Bill wrote: wrote: On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze wrote: On 10/22/17 12:05 PM, Mr. Luddite wrote: You just seem to be opposed to anything others have that you don't. Not at all. Too many of the rich have too many ways to avoid manner of serious taxation. Trump also wants to eliminate the AMT. If, if you want to eliminate the estate tax and perhaps the AMT, just tax all income as ordinary income, okay? Okay? The AMT ends up grabbing a lot of middle class people. It was a "good idea" that backfired. As for tax, I would go with a flat tax if I wanted to be fair. Just set a pretty high personal exemption and tax the rest at a flat rate, no deductions. If it was 16%, guys like Buffett would be paying more ... if you believe what he says. I have no problem with taxing all income as ordinary income.Â* But qualified dividends were already taxed at the 39% corporate tax rate, and then the person getting them pays 20% of that money to the Fed.Â*Â* Seems as if that makes a tax rate of about 51%. Fair? I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? No question the big corporations can afford to pay lawyers and accountants to find every tax loophole available to them.Â* Trump's tax proposal lowers the tax rate for them slightly but eliminates many of the loopholes. He's plan is centered on middle class tax cuts with business incentives to keep profits here rather than overseas. His plan? What plan? There's no plan. |
#56
posted to rec.boats
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Got a chuckle ...
On 10/23/2017 5:52 PM, Keyser Soze wrote:
On 10/23/17 5:24 PM, Mr. Luddite wrote: On 10/23/2017 1:14 PM, Keyser Soze wrote: On 10/23/17 3:03 AM, wrote: On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze wrote: On 10/22/17 1:53 PM, Bill wrote: wrote: On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze wrote: On 10/22/17 12:05 PM, Mr. Luddite wrote: You just seem to be opposed to anything others have that you don't. Not at all. Too many of the rich have too many ways to avoid manner of serious taxation. Trump also wants to eliminate the AMT. If, if you want to eliminate the estate tax and perhaps the AMT, just tax all income as ordinary income, okay? Okay? The AMT ends up grabbing a lot of middle class people. It was a "good idea" that backfired. As for tax, I would go with a flat tax if I wanted to be fair. Just set a pretty high personal exemption and tax the rest at a flat rate, no deductions. If it was 16%, guys like Buffett would be paying more ... if you believe what he says. I have no problem with taxing all income as ordinary income.Â* But qualified dividends were already taxed at the 39% corporate tax rate, and then the person getting them pays 20% of that money to the Fed.Â*Â* Seems as if that makes a tax rate of about 51%. Fair? I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? No question the big corporations can afford to pay lawyers and accountants to find every tax loophole available to them.Â* Trump's tax proposal lowers the tax rate for them slightly but eliminates many of the loopholes. He's plan is centered on middle class tax cuts with business incentives to keep profits here rather than overseas. His plan? What plan? There's no plan. You've been snoozing for the last couple of weeks? |
#57
posted to rec.boats
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Got a chuckle ...
In article ,
says... Mr. Luddite wrote: On 10/23/2017 5:52 PM, Keyser Soze wrote: On 10/23/17 5:24 PM, Mr. Luddite wrote: On 10/23/2017 1:14 PM, Keyser Soze wrote: On 10/23/17 3:03 AM, wrote: On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze wrote: On 10/22/17 1:53 PM, Bill wrote: wrote: On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze wrote: On 10/22/17 12:05 PM, Mr. Luddite wrote: You just seem to be opposed to anything others have that you don't. Not at all. Too many of the rich have too many ways to avoid manner of serious taxation. Trump also wants to eliminate the AMT. If, if you want to eliminate the estate tax and perhaps the AMT, just tax all income as ordinary income, okay? Okay? The AMT ends up grabbing a lot of middle class people. It was a "good idea" that backfired. As for tax, I would go with a flat tax if I wanted to be fair. Just set a pretty high personal exemption and tax the rest at a flat rate, no deductions. If it was 16%, guys like Buffett would be paying more ... if you believe what he says. I have no problem with taxing all income as ordinary income.* But qualified dividends were already taxed at the 39% corporate tax rate, and then the person getting them pays 20% of that money to the Fed.** Seems as if that makes a tax rate of about 51%. Fair? I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? No question the big corporations can afford to pay lawyers and accountants to find every tax loophole available to them.* Trump's tax proposal lowers the tax rate for them slightly but eliminates many of the loopholes. He's plan is centered on middle class tax cuts with business incentives to keep profits here rather than overseas. His plan? What plan? There's no plan. You've been snoozing for the last couple of weeks? Oh. You mean a couple of sentences. GOP talking points. Wait until the fighting starts for more details. |
#58
posted to rec.boats
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Got a chuckle ...
On Mon, 23 Oct 2017 16:39:23 -0400, Keyser Soze
wrote: On 10/23/17 4:28 PM, wrote: On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze wrote: I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? That reading comprehension thing got you again. I said a simpler tax code (fewer loopholes) would raise more money at a lower rate. Your brain fart totally ignored the statement. We know that NOBODY pays the marginal rate on their gross income, certainly not you or I. An overly complex tax code allows everyone to shelter a lot of their income and in the case of a multinational corporation they can simply take their profit in a lower tax country. Why is that surprising to you? My comment was about Trump's continuing bull**** about the corporate tax rate being something that is really in effect. Try reading for comprehension. I wasn't responding to your call for a simpler tax code, but it is an unknown that such in this country would raise more money at a lower rate. That sort of depends upon whose ax is gored. So you just did what you are always doing these days, injecting your hate for the duly elected president into every thread you respond to whether it is pertinent or not. You have about 40 more months to do that so I might just have to start ignoring your posts like I do with slammer and no man. |
#59
posted to rec.boats
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Got a chuckle ...
On Mon, 23 Oct 2017 17:34:21 -0500, Boating All Out
wrote: In article , says... His plan? What plan? There's no plan. You've been snoozing for the last couple of weeks? Oh. You mean a couple of sentences. GOP talking points. Wait until the fighting starts for more details. That is always true and always has been. "Tax plans" are broad strokes until they get out of Ways and Means, then they bounce around in congress for a while with everyone inserting the amendments their bribers want. They slap that around until they get enough votes to pass it and that is why our tax code is over 3000 pages (the part legislated by congress) and another 13,000 pages of CFRs (administratively written IRS rules) It is no wonder that just the cost of compliance of the tax code is estimated at between $700 Billion and a $1 Trillion each year. (accountants, tax advisors, lawyers, tax preparers etc along with tax avoidance strategies.) That is roughly the GDP of countries in the range of the Netherlands to Mexico. |
#60
posted to rec.boats
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Got a chuckle ...
On Mon, 23 Oct 2017 19:30:16 -0400, wrote:
On Mon, 23 Oct 2017 16:39:23 -0400, Keyser Soze wrote: On 10/23/17 4:28 PM, wrote: On Mon, 23 Oct 2017 13:14:41 -0400, Keyser Soze wrote: I doubt many corporations are paying at the 39% rate. It depends on 39% of what? That is what they pay on their profits but like most taxes, with the right accountant, you can reduce your tax liabilities. If you had a simpler tax code, you could reduce the rate and still get as much if not more money. Why, you must be reporting fake news, because Oracle Trump claims big corporations doing business here are paying at that 39% rate, even though it has been reported on the news over and again that big corporations basically can run their books in ways that absolutely minimize their taxes. Wait...is Trump bull****ting us all *again*? That reading comprehension thing got you again. I said a simpler tax code (fewer loopholes) would raise more money at a lower rate. Your brain fart totally ignored the statement. We know that NOBODY pays the marginal rate on their gross income, certainly not you or I. An overly complex tax code allows everyone to shelter a lot of their income and in the case of a multinational corporation they can simply take their profit in a lower tax country. Why is that surprising to you? My comment was about Trump's continuing bull**** about the corporate tax rate being something that is really in effect. Try reading for comprehension. I wasn't responding to your call for a simpler tax code, but it is an unknown that such in this country would raise more money at a lower rate. That sort of depends upon whose ax is gored. So you just did what you are always doing these days, injecting your hate for the duly elected president into every thread you respond to whether it is pertinent or not. You have about 40 more months to do that so I might just have to start ignoring your posts like I do with slammer and no man. :) |
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