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posted to rec.boats
RCE
 
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Default Speaking of Tax Refunds...


"DSK" wrote in message
...
You think it was an unplanned donation?



I smell a rat from the git-go

Did Mrs Cheney's book really clear 7 million bucks? That'd make it pretty
popular, and she'd be a higher earning author than most of the ones on the
best seller list. Where did this money really come from?

In any event, since they donated it to charity (can't help but wonder
which charities are the lucky recipient) it's somewhat of a moot point.

Which brings me to my next question... how the heck do you pay 2.46
million in quarterly estimated taxes (which are a friggin' pox) on an
income of 1.95 million? That don't add up Jack!


RCE wrote:
...At a lesser scale, many of us have to make last minute contributions
to retirement plans, etc. to even out the tax hit at the end of the year.


Yes and that can be rather hectic trying to juggle numbers. But it's nice
to be in a position to support good works that one believes in.


... In any event, he paid his share, crooked as you may think he is.


I agree that it appears Vice President Cheney has paid his share of taxes.
But it's not that we *think* he's crooked, it's that he's a crook, period.

Who hands out guaranteed-profit contracts against the recommendations of
department heads, comptrollers, engineers, etc etc? Who has been censured
for conflict of interest by the Congress, a body of men who seemingly have
unerring astigmatism when it comes to spotting fiscal doo-doo? Who fired
all the OMB auditors on the Halliburton case? Who said "I have never used
my gov't connections for profit?" Who, when told he had to release his Fed
tax statements, said "Damned if I will" only to realize that it was a
legal requirement of filing for election to Vice President?

Dick Cheney isn't crooked, he's a fiscal law unto himself and always has
been. He seems to genuinely believe that the U.S. taxpayers exist to
provide him & his cronies with wealth on a scale that King Midas and Louis
14th would envy.

DSK


I don't know for a fact that any of the allegations about Halliburton and
Cheney are accurate or not and I don't think anybody knows for sure except
maybe Cheney.

But (correct me here if I have a memory failure) I seem to remember that
the subject stock options (that were part of his employment deal with
Halliburton) becoming an issue during the 2000 election. Cheney voluntarily
decided and announced that the proceeds of those options, when exercised,
would be donated to charity.

So, here we are six years later, he donates the proceeds of almost 7 million
to charity and gains a 2 million return.
Looks like he lost 5 mil on keeping his word. And now, some start
questioning the "appearance" of the transaction or start "smelling a rat".
Darth Vader or not, nobody in his position can win in this world of cynics.

RCE


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posted to rec.boats
DSK
 
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Default Speaking of Tax Refunds...

RCE wrote:
I don't know for a fact that any of the allegations about Halliburton and
Cheney are accurate or not and I don't think anybody knows for sure except
maybe Cheney.


Agreed, although the pattern certainly points toward some
unfavorable conclusions.

But (correct me here if I have a memory failure) I seem to remember that
the subject stock options (that were part of his employment deal with
Halliburton) becoming an issue during the 2000 election. Cheney voluntarily
decided and announced that the proceeds of those options, when exercised,
would be donated to charity.

So, here we are six years later, he donates the proceeds of almost 7 million
to charity and gains a 2 million return.
Looks like he lost 5 mil on keeping his word.


He wasn't keeping his word about the stock options, that was
an entirely different deal. AFAIK those stock otions still
haven't been donated. I thought the 7 million in question
came from his wife's book?

And weren't you a little bit curious about how one pays
approx 25% *more* in quarterly estimated tax than one makes
in income?

We pay quarterly estimated taxes, and it's a PITA and a
burden. But we pay less than 20% of our income, not 125%.
Boy no wonder these Republicans are all worked up about taxes!


.... And now, some start
questioning the "appearance" of the transaction or start "smelling a rat".
Darth Vader or not, nobody in his position can win in this world of cynics.


That's true also, but then, he put himself in that position.
He's become extremely wealthy as a Washington insider.

This is the guy who came on Larry King and said that he
wasn't interested in blaming blame & calling names, then
less than 3 minutes later was denouncing as traitors anybody
who questioned his fiscal dealings.

Successful player of "the game" or blatant cheater? It's a
judgement call. It also depends on how you view our system
of rules & laws.

DSK

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posted to rec.boats
NOYB
 
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Default Speaking of Tax Refunds...


"DSK" wrote in message
...
And weren't you a little bit curious about how one pays approx 25% *more*
in quarterly estimated tax than one makes in income?


No. He made $8.82 million, mostly from stock options and royalties. He
paid quarterly estimated tax on that $8.82 million...not on his adjusted
gross income ($1.95 million) after the $6.87 million donation.


  #4   Report Post  
posted to rec.boats
RCE
 
Posts: n/a
Default Speaking of Tax Refunds...

You know, I was just reflecting on something....

I don't claim to be the most wordly person in the world but I did have an
opportunity to live in Italy for a couple of years and do a bit of traveling
in Europe with my wife. I truely enjoy meeting and talking to people of
other cultures and philosophies. We also lived in Puerto Rico for 2 years
and I've been able to travel to Japan and Mainland China back in the mid
80's when China was just starting to open up to the rest of the world. I
participated in the traditional social activities and in potential business
relationships. In business, some of my closest friends were from Europe.

One thing that I've come to realize that is that we, as United States
citizens, are by far more vocal and opininated in terms of critisim of our
government, policies and elected officials on a regular basis than any other
country I've been exposed to. Yet, in many places, our system is still held
in high regard by others. I am not suggesting they want to change, because
part of the beauty of other countries in the world is the traditional
beliefs and values, but the US system of government works.

My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world in
my limited view, yet we have had a very successful run to date.
Interesting .

RCE


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posted to rec.boats
DSK
 
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Default Speaking of Tax Refunds...

RCE wrote:
One thing that I've come to realize that is that we, as United States
citizens, are by far more vocal and opininated in terms of critisim of our
government, policies and elected officials on a regular basis than any other
country I've been exposed to.


Absolutely.

It's been our right for over 200 years now.

Up until fairly recently, the gov't of most countries would
make life most unpleasant... might even shorten it for
you... if you went around pointing out their flaws, faults,
misdoings, and personal problems.


...Yet, in many places, our system is still held
in high regard by others. I am not suggesting they want to change, because
part of the beauty of other countries in the world is the traditional
beliefs and values, but the US system of government works.


Hey, here's something to also take notice of....
Very few people are criticising the U.S. system of gov't.
Most are defending the Bush Administration from having their
mistakes & misdeeds pointed out.

The only people I have seen criticising the U.S. system of
gov't are those who believe we are too soft on traitors.

There is a big difference between criticising the current
Administration, whoever they happen to be, and criticising
the system that put them in place.


My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world in
my limited view, yet we have had a very successful run to date.
Interesting .


Cause & effect, maybe?

DSK



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posted to rec.boats
Doug Kanter
 
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Default Speaking of Tax Refunds...

"RCE" wrote in message
...

My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world in
my limited view, yet we have had a very successful run to date.
Interesting .

RCE



Beats places like South American, where you can get trampled to death
because your soccer team lost. Or won.


  #7   Report Post  
posted to rec.boats
RCE
 
Posts: n/a
Default Speaking of Tax Refunds...


"Doug Kanter" wrote in message
news
"RCE" wrote in message
...

My conclusion? The US population is far more diverse, argumentitive and
opinionated in politics than most, if not all, of the rest of the world
in my limited view, yet we have had a very successful run to date.
Interesting .

RCE



Beats places like South American, where you can get trampled to death
because your soccer team lost. Or won.


Came close here in Boston a couple of years ago though .... outside Fenway
Park.

RCE


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