Quote:
Originally posted by smooth
I think the reason middle class income earners can't write off their taxes and stick their money in hidey-holes is due to the fact that they don't have capital.
And I'm calling bullshit on your income figures. I do my taxes personally every year and your numbers don't pan out.
|
Like I said it only cost me 200 to have an accountant that was an ex-IRS agent by the way to do my taxes. No hidy holes needed. If I were "rich" I would want to protect myself under a corporation that was owned by a trust, that only cost 500-600 for the papers and lawyer to establish a corporation which would help for years to come. saving a thousand or two every year. easily making your money back. I am sticking with my original thought that people are too dumb to take advantage not too poor, and if you are too poor your not paying much taxes to begin with anyway.
Quote:
Originally posted by Journeyman
Who woulda known: Not having a lot of money leads to not knowing a lot about money.
|
Not having money is no excuse, I don't have much but I have managed to educate myself a bit about it.
Quote:
His comments about how the rich will just get out of paying taxes shows that he doesn't give a shit about making his group pay up their share. If he did give a shit, he'd close the fucking loopholes.
It's not that difficult. If an accountant can find the loopholes, then the government can. It seems like they only exist so that the rich can run around saying "look how much I get taxed" while avoiding as much tax as possible.
|
Some loopholes are there to even things out with those who are self employed. If I own a business and I make a 100,000. thats not all profit, should I be taxed on all of it? those that are paid salary of 100,000 all of it is "profit" there are no expenses he needs to take out of that. As a business owner my 100,000 half of it may be to purchase supplies and other deductions that cost me to operate my business. So I should only be taxed on 50,000 which is true "profit" The problem is that a good accountant and someone that makes good records can oftentimes write off almost all of the 100,000 and only pay taxes on a very small amount. such as myself.
Quote:
Originally posted by shakran
Seems to me that his goal is to reduce the tax burden on the rich Nothing else is really entering the equation in his mind. Under his plan we'll either have to up taxes on the non-rich or we'll start losing more money, but unfortunately he hasn't considered that.
I guess what I'm saying is that we have a real simpleton at the helm right now who is unwilling (and has admitted - no, that's the wrong word - has bragged many times that he's unwilling) to inform himself to the level required to make intelligent decisions.
|
What he is saying is that Kerry's plan will not work the way it is set up. The rich are too smart and will get out of the extra taxation. you just continue to have a large deficit cause the rich can and will get out of paying the new higher taxes.
Quote:
Originally posted by sailor
Seriously, listen to yourself. You've just called an entire tax bracket stupid because they dont have the money or the knowledge to exploit the tax loopholes. You just confirmed Bush's statement--more affluent people tend to take advantage of the tax loopholes. Take care of *that* before you go bitching and whining about needing to cut taxes. Jesus 
|
They have the money. they will either pay it as a tax or they pay less to an accountant, its not that hard, its just that people think that jackson hewitt and H& R bloc are good places to go.
Again I would like to see the entire Income tax thing just go away and go to a sales tax system. Only problem is too much change scares people.