Taxes - are you concerned about them going up?

[Irvine511]

I ask you, would you rather make $35K/year so you can avoid being taxed these extra $5K? I sure as hell wouldn't give up my salary just so I can be at a lower rate. In fact I find something distasteful about people in my position constantly complaining about their taxes while they drive their asses to work in a Lexus, have a 7 figure McMansion out in the suburbs and vacation in Fiji twice a year. Yeah, you're really suffering, I don't know how you can make it through the day, people.

don't you see?

if they were taxed less, they'd be more hard working, and then they'd buy a *third* Lexus.

a rising tide raises all boats, right?

 

[MadelynIris]

Tax avoidance is a thing of beauty, it is an art of statutory interpretation, it is a fine dance between tax lawyers and the government.

LOL! Seriously. You guys creep me out. I shift from one butt cheek to the other when I see those silly tax services on TV -- Help with garnishments, liens, interest and penalties! We can settle your debt for pennies on the dollar!

Give me the flat rate. At least it's something I understand.

 

[MadelynIris]

Yeah, but anitram, there are cases where it seems a bit unjust no?

Like when the people win $1M on Deal or No Deal, and only get to take home $550k!

Lol.

 

[martha]

a rising tide raises all boats, right?

Not here in Cali. There's no tax on yachts, but the schools' budgets are gonna be decimated.

NO TAX INCREASE!

 

[anitram]

Yeah, but anitram, there are cases where it seems a bit unjust no?

Like when the people win $1M on Deal or No Deal, and only get to take home $550k!

Lol.

No tax on windfalls or lottery winnings in Canada - everybody up and move!

 

[MadelynIris]

windfalls

You mean, like when you sell a company?

 

[Vincent Vega]

Tax credits should be shifted from the oil companies to green energy companies. This will help with innovation and investment.



A lot of Danes have moved to London and elsewhere in Europe.
http://www.iht.com/articles/2007/12/05/business/labor.php

Interesting.
I was just recalling a survey I've read in a German newspaper's article in the weeks before the Danish election, where the majority of Danish said they don't want to hear from their politicians about tax cuts. Maybe they didn't ask enough in the higher income brackets'.

Maybe I read a bit more into it, I'm still looking for the right subject for my political economy classe's term paper.

Thank you!

 

[BVS]

Yeah, but anitram, there are cases where it seems a bit unjust no?

Like when the people win $1M on Deal or No Deal, and only get to take home $550k!

Lol.

It's 550k more than they left the house with that day.

Seriously, people who bitch about free money, just need to shut up.

 

[MadelynIris]

BVS,

The Deal or No Deal thing was a joke.

But what if you worked for 30 years to build a company, sell it for $1M, say for your retirement, but the governemnt took $450k of that, you'd be ok with that? Seems a bit over the top to me, but...

 

[martha]

I did the math, and I'll be looking at about 5000 more per year. This is a huge factor for me, and a reason NOT to vote for him.

Better to vote for the party that believes in deficit spending.

 

[BVS]

BVS,

The Deal or No Deal thing was a joke.

But what if you worked for 30 years to build a company, sell it for $1M, say for your retirement, but the governemnt took $450k of that, you'd be ok with that? Seems a bit over the top to me, but...

Give unto Caesar...

Why is this any different from any other taxable income? The country doesn't run for free. Why do you expect to be?

 

[Irvine511]

Like when the people win $1M on Deal or No Deal, and only get to take home $550k!

all i know is i want to get on "One Vs. One Hundred."

that shit is easy.

 

[MadelynIris]

Why do you expect to be?

Expect to be what? Exempt or something?

This scenario is different. It's capital gains, so the taxation is applied different. Idea is that 'capital', hence the term capitalism, isn't necessarily looked at as income. That it will most likely be reinvested (kind of like gains on a house).

 

[Irvine511]

Why is this any different from any other taxable income? The country doesn't run for free. Why do you expect to be?

duh.

roads pave themselves.

 

[MadelynIris]

Oh, and apparently it's exempt in Canada. So yeah, good reason to move there. Keep the capital flowing.

 

[BVS]

Expect to be what? Exempt or something?

You seem to expect taxes to get lowered or cut...

And I don't understand anyone who expects lowered taxes at a time like this. This administration dug a big hole, we have to find a way out...

 

[MadelynIris]

No, but I am concerned about them going up, especially with big new government programs.

 

[BVS]

No, but I am concerned about them going up, especially with big new government programs.

Ok, fair enough... But with improvements come a little sacrifice and the idea that it all evens out in the long run.

 

[MadelynIris]

Same here. I 'd love to see our next Prez become more conservative when it comes to the budget.

Likewise, encourage all to sacrifice to help our great nation, either financially, through volunteerism, or what have you.

 

[maycocksean]

Am I worried about taxes going up?

Nope.

I'm too poor to worry about it.

 

[melon]

I'm guessing that most people who have to worry about their taxes going up that much already make substantially more than the average American, and while that loss of $5000 would be a bit of "wounded pride," I'm guessing it isn't going to crimp one's overall lifestyle.

I'd like to know, basically, how much that $5000 figures as a percentage of your yearly income. On the other hand, as someone who personally finds it tasteless to ask that kind of question (and I'd never answer it myself), I'll understand if it remains a rhetorical question.

 

[indra]

Am I worried about taxes going up?

Nope.

I'm too poor to worry about it.

Me too.

That $35,000 figure bandied around earlier as an example of pretty damned low earnings would be a huge increase for me.

 

[martha]

Same here. I 'd love to see our next Prez become more conservative when it comes to the budget.

So you're thinking the guy who thinks the war is a great idea would be your candidate?

 

[anitram]

That $35,000 figure bandied around earlier as an example of pretty damned low earnings would be a huge increase for me.

Depends on where you live, though.

In some cities in this country, that is a sum that barely allows you to stay above the poverty line.

 

[Irvine511]

No, but I am concerned about them going up, especially with big new government programs.

it seems to me that this was intended to be one of the lasting legacies of the Bush administration.

it has always been known that Cheney was never going to run. so part of the assumption was that 2008 (assuming a 2004 win -- and much of that assumption was based on starting a war in Iraq that was supposed to be quick and easy with victory parades starting towards the end of 2003 and spilling into the kickoff of Bush's re-election campaign at the start of 2004) was probably going to be won by the Democrats. so, why not run up deficits, why not spend, spend, spend like drunken sailors, give the country a huge deficit, and then when the Democrats get elected they will raise taxes in order to pay for Bush's huge credit card bill.

this angers people like you. your taxes go up. sure, there's a 9 trillion national debt, but you're taxes are going up by $5K!!!!! damn those Democrats. doggone it, i'm voting Republican in 2012.

or,

it's all part of the "starve the beast" mentality. we run up this huge debt. we're faced with a crisis.

i know.

let's cut the Department of Education. let's dismantle government itself. that's one way to cut back on spending.

 

[U2democrat]

Where's Ron Paul when we need him?

 

[indra]

Depends on where you live, though.

In some cities in this country, that is a sum that barely allows you to stay above the poverty line.

Heck my income wouldn't be considered very good in any part of the US, not just the more expensive parts. Trust me -- the poverty line and I have known each other for most of my life.

 

[Kieran McConville]

If the truth of the US government debt is as it appears (in articles one sees from time to time), I would say the least of your worries are whether this or that party implements this or that program. The more pressing concern is how to live on the downward slope of empire (never even declared as such, unlike the British), whilst maintaining a decent life for one's citizens.

Socialist? The US has never been further from that, or anything like it.

 

[CTU2fan]

Am I worried about taxes going up?

Nope.

I'm too poor to worry about it.

Me too. The gov't can triple my taxes and I'm cool with that. I did the math...3x0 = 0.

 

[onebloodonelife]

all i know is i want to get on "One Vs. One Hundred."

that shit is easy.

Plus, you get to meet Bob Saget!

No, but I am concerned about them going up, especially with big new government programs.

Okay, but how can you say you're worried about them going up for big government programs when the current administration has spent trillions of dollars on a war and has bloated the government with things like much, much larger "security" programs, and then they continue to cut taxes, putting us into a huge deficit. You can't have it both ways. Plus, I'd rather have taxes spent on actually useful programs like healthcare or education, not on other silly things that have no benefit for the majority of the American public.