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"Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. You've just demonstrated *the* fundamental difference between Republicans and Democrats. If I get a tax break, or a tax refund, or a tax write-off, it's not a subsidy. It's *my* money. By your warped definition a tax cut is a subsidy. Absurd! |
"JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? |
"Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. You've just demonstrated *the* fundamental difference between Republicans and Democrats. If I get a tax break, or a tax refund, or a tax write-off, it's not a subsidy. It's *my* money. By your warped definition a tax cut is a subsidy. Absurd! Let's say you bought one of those $60,000 big trucks or SUVS for your business. After all, dentists need SUVs to drill teeth, right? Anyway, up until recently, you could write off that entire cost against your business income. In other words, that purchase lowered your taxable income by $60,000 because you were able to take advantage of a special loophole not granted to payroll employees. It is a subsidy. The taxpayers subsidized your purchase of that SUV. Wrong. An SUV is not a legitimate expense for a dental office. So it's not a subsidy...it's tax evasion and illegal. You mentioned my insurance policies. Let's say the government didn't give me a write-off for those expenses, and I decided that I didn't want to buy the insurance. It benefits the government that I'm insured in the event of a disability or a total loss of my home, because then they won't have to bail me out if catastrophe strikes. I'm effectively subsidizing them by buying the insurance. Even if you don't see it that way, the fact of the matter is that insurance is an expense of doing business. Expenses deduct from the bottom line. Since we're only taxed on the bottom line, then why would I pay taxes on something that is expensed? BTW--I pay my disability and life insurance with after-tax money...because then the pay-out comes tax-free to me or my heirs. |
"Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message Let's say you bought one of those $60,000 big trucks or SUVS for your business. After all, dentists need SUVs to drill teeth, right? Anyway, up until recently, you could write off that entire cost against your business income. In other words, that purchase lowered your taxable income by $60,000 because you were able to take advantage of a special loophole not granted to payroll employees. It is a subsidy. The taxpayers subsidized your purchase of that SUV. Wrong. An SUV is not a legitimate expense for a dental office. So it's not a subsidy...it's tax evasion and illegal. It didn't have to be a "legitimate expense" for a dental office. You mentioned my insurance policies. Let's say the government didn't give me a write-off for those expenses, and I decided that I didn't want to buy the insurance. It benefits the government that I'm insured in the event of a disability or a total loss of my home, because then they won't have to bail me out if catastrophe strikes. I'm effectively subsidizing them by buying the insurance. The government does not *have* to bail you out. Notwithsstanding that, your insurance write-off is a subsidy provided by the taxpayers. Even if you don't see it that way, the fact of the matter is that insurance is an expense of doing business. Expenses deduct from the bottom line. Since we're only taxed on the bottom line, then why would I pay taxes on something that is expensed? Indeed, insurance is an expense of doing business. And you get to deduct that expense, while drawing a benefit from it. It is a taxpayer provided subsidy. Sheesh. I'm an S-Corp. It's conceivable that I have a bad month in which my expenses exceed my receipts. Since I lose money in such a situation, should I pay income tax? Nope (Remember, I have zero income when expenses are equal to or exceed collections). Do people who are out of work and receive no income still pay taxes? I'm pretty sure even you'll agree that they don't. So what form of "subsidy" are they receiving? If it were a true "subsidy", the government would send me money in months where I had a net loss. Since they don't do that, it's not a subsidy. |
"NOYB" wrote in message ... "JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? I am only agreeing that a subsidy is money out of the governments pockets and into yours. Any way you look at it that is true. |
"NOYB" wrote in message ... "JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? Lets look at write offs in another way using a real life example. Theresa Heinz Kerry has a reported income of $5,073,554 in 2003, on which she paid only 12% in taxes. The write offs and tax loop holes she used, while apparently legal, left some 13%~18% of taxes out of the government coffer, costing the government money. They subsidized her some 18% of her income with the write offs and loop holes. |
"JimH" wrote in message ... "NOYB" wrote in message ... "JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? I am only agreeing that a subsidy is money out of the governments pockets and into yours. Any way you look at it that is true. Nope......it is NOT money out of the guvmint's pocket......it is money they never get in the first place................. |
"JimH" wrote in message ... "NOYB" wrote in message ... "JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? Lets look at write offs in another way using a real life example. Theresa Heinz Kerry has a reported income of $5,073,554 in 2003, on which she paid only 12% in taxes. The write offs and tax loop holes she used, while apparently legal, left some 13%~18% of taxes out of the government coffer, costing the government money. They subsidized her some 18% of her income with the write offs and loop holes. Once again, you take the stance that it is the guvmint's money in the first place......it is NOT |
"JimH" wrote in message ... "NOYB" wrote in message ... "JimH" wrote in message ... "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "Harry Krause" wrote in message ... NOYB wrote: "WaIIy" wrote in message ... On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause wrote: The best thing that can happen to smug righties is horrific personal disaster, such as loss of a good job and inability to find a new good job, loss of a close family member with devastating bills to pay, loss of a home due to a natural disaster, et cetera. You are a true nutcase. Smart people plan for the disasters. Although I've been blessed with good fortune, I know that things could change in an instant. That's why I spend tens of thousands of dollars every year on insurance...for life, disability, natural disasters, etc. It's wonderful when the taxpayers subsidize you, eh? The interest on half of my student loan was subsidized...but ONLY WHILE I WAS IN SCHOOL. But none of the interest is subsidized for the next 25 years that I'm paying it off. What? You don't write off the premiums on your many insurance policies? A write-off is not a subsidy. It's my money that I'm saving...not the government's. A write-off is a subsidy. If you write off insurance or depreciation, it comes off your gross income and lowers the number on which you pay taxes. It is a subsidy. Agreed. A write off means you get to keep more of *your* money. It's not the government's money until you pay it to them. If the government let's you keep more of *your* money, then how are they "subsidizing" you? To put another way: Did Bush give you a subsidy when he passed the tax cut, Jim? Lets look at write offs in another way using a real life example. Theresa Heinz Kerry has a reported income of $5,073,554 in 2003, on which she paid only 12% in taxes. The write offs and tax loop holes she used, while apparently legal, left some 13%~18% of taxes out of the government coffer, costing the government money. They subsidized her some 18% of her income with the write offs and loop holes. They didn't subsidize anything. The government let her keep 88% of her money instead of only 70% of it. How grand of them! It's still her friggin' money! I realize that taxes are a necessity. However, to declare that the government is subsidizing someone by taking only 12% of their money instead of 30% is ABSURD! |
"Jon Smithe" wrote in message news:NFucd.381211$mD.234435@attbi_s02... NYOB, Harry's position is all of your money is the government's, you keep what they allow you to keep, and thusly are putting money into your pocket and subsidizing you. That's exactly how the other side thinks. Sad. |
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