Taxes - are you concerned about them going up?

[anitram]

Originally posted by MadelynIris


Lol. You should talk to my tax attorney. They live and breathe exactly what you've never heard of, 24/7.

Perhaps you should look for a better one.

[Irvine511]

Originally posted by MadelynIris


Lol. You should talk to my tax attorney. They live and breathe exactly what you've never heard of, 24/7.

they are a special breed, i'm sure.

[MadelynIris]

Agree financeguy on the Bush years -- it was a reversal for sure on traditional conservative thought.

Anitram... He's proposed rolling them back, but other hikes as well. I've read a couple of articles in the WSJ about Obamanomics --

This is not one of them but quotes some from WSJ--

http://article.nationalreview.com/?q...ZmYmU5MWU2ZmQ=

Given the fact that a lot of his proposals might not make it to reality, and I'm sure that when this guy "did the math" that he might have been out of his mind (or not), that this is a stab in the dark. Regardless...

The removal of the social security tax cap bums me out. Thats a few grand for me right off the top, you too I presume. I used to celebrate every year when i maxed out SS, getting a little raise for myself for the rest of the year.

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.

[Vincent Vega]

Originally posted by MadelynIris


Good point Vega. I assume the gov sets aside some special programs for R&D, etc.. some tax breaks etc.. for new ventures. But regardless, a good example of how it hasn't hindered innovation. It's all relative of course. Even though you might be paying more taxes, one still would have a better standard of living.

I'm also assuming that they are pleased on the return on investment for their tax dollars in northern europe. Something I think that is not possible any time soon in the US. We're too big, too bureucratic to have a good ROI. Maybe at the county/city level. Usually by the time it hits the state level, the corruption and red tape, and laziness diminish a real result.

From my experience with the Danish bureaucracy (cannot comment on the Swedish) I don't think there would be that great a difference.

I don't say the two countries are comparable, but still think it is interesting how greatly opposed the Americans are to the very idea of raising the taxes, and well, you cold not establish any form of social security and only years later bother with the funding.

Given the overdebtedness of the US today and the costs it is facing over the next years I'm pretty certain that sooner or later an increase in taxes is inavoidable. But the problem is, the money is so dire needed and it can't be spent on social security.

[MadelynIris]

Perhaps you should look for a better one.

yeah. Terms like "tax avoidance" give me the creeps. Better than tax evasion though eh? Lol. Crazy attorneys.

[martha]

Originally posted by MadelynIris


Hmm... I don't think Obama was thinking of raising taxes to pay for the war... But regardless, point taken.

No matter what, the war is a huge drain on resources that normally go elsewhere. I suppose you could cut out children's programs, and then not raise taxes.

[anitram]

Originally posted by MadelynIris

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.

How long before somebody starts calling him a Communist.

Republican voters have their wonderful party to thank for the current state of the economy, the massive debt and the need for roll backs (or increases).

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.

[martha]

Originally posted by MadelynIris

I think everyone needs to understand, a vote for Obama is a vote for a more socialistic society, that's all. So be it.

They seem to be not only clear on this concept, but okay with it.

[anitram]

Originally posted by MadelynIris


yeah. Terms like "tax avoidance" give me the creeps. Better than tax evasion though eh? Lol. Crazy attorneys.

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.

[MadelynIris]

They seem to be not only clear on this concept, but okay with it.

Yeah. Like I said, so mote it be.

[Irvine511]

Originally posted by anitram

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]

Originally posted by Irvine511


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]

Originally posted by 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.

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]

Originally posted by ntalwar
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/...ness/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]

Originally posted by 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.

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]

Originally posted by MadelynIris

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.