Home › Forums › Financial Markets/Economics › TAX TAX TAX and more TAX
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April 22, 2010 at 1:35 PM #543216April 22, 2010 at 1:37 PM #542264AecetiaParticipant
Brian:
Thanks for such a balanced response. I do not think because they do not like what the government is doing or how they are doing it makes them less compassionate. People are not less compassionate because of being wealthy or being poor. I do not want higher taxes. That does not make my less compassionate. I continue to contribute to charities such as the Salvation Army, a group of Franciscan Friars who run a center for alcohol and substance abuse and some assorted animal causes. I prefer to pick my own charities and not see it pissed away like the Feds. did on that stupid virtual fence for border protection (about 700 million since 2006). I may be more or less compassionate than you, but I do not lack compassion. The Feds continue to waste money and that is why I want to conserve as much of mine as I can. If you want to pay more, then do so, but redistribution of wealth does not work. The rich find ways to save their wealth and the poor get poorer.April 22, 2010 at 1:37 PM #542380AecetiaParticipantBrian:
Thanks for such a balanced response. I do not think because they do not like what the government is doing or how they are doing it makes them less compassionate. People are not less compassionate because of being wealthy or being poor. I do not want higher taxes. That does not make my less compassionate. I continue to contribute to charities such as the Salvation Army, a group of Franciscan Friars who run a center for alcohol and substance abuse and some assorted animal causes. I prefer to pick my own charities and not see it pissed away like the Feds. did on that stupid virtual fence for border protection (about 700 million since 2006). I may be more or less compassionate than you, but I do not lack compassion. The Feds continue to waste money and that is why I want to conserve as much of mine as I can. If you want to pay more, then do so, but redistribution of wealth does not work. The rich find ways to save their wealth and the poor get poorer.April 22, 2010 at 1:37 PM #542856AecetiaParticipantBrian:
Thanks for such a balanced response. I do not think because they do not like what the government is doing or how they are doing it makes them less compassionate. People are not less compassionate because of being wealthy or being poor. I do not want higher taxes. That does not make my less compassionate. I continue to contribute to charities such as the Salvation Army, a group of Franciscan Friars who run a center for alcohol and substance abuse and some assorted animal causes. I prefer to pick my own charities and not see it pissed away like the Feds. did on that stupid virtual fence for border protection (about 700 million since 2006). I may be more or less compassionate than you, but I do not lack compassion. The Feds continue to waste money and that is why I want to conserve as much of mine as I can. If you want to pay more, then do so, but redistribution of wealth does not work. The rich find ways to save their wealth and the poor get poorer.April 22, 2010 at 1:37 PM #542949AecetiaParticipantBrian:
Thanks for such a balanced response. I do not think because they do not like what the government is doing or how they are doing it makes them less compassionate. People are not less compassionate because of being wealthy or being poor. I do not want higher taxes. That does not make my less compassionate. I continue to contribute to charities such as the Salvation Army, a group of Franciscan Friars who run a center for alcohol and substance abuse and some assorted animal causes. I prefer to pick my own charities and not see it pissed away like the Feds. did on that stupid virtual fence for border protection (about 700 million since 2006). I may be more or less compassionate than you, but I do not lack compassion. The Feds continue to waste money and that is why I want to conserve as much of mine as I can. If you want to pay more, then do so, but redistribution of wealth does not work. The rich find ways to save their wealth and the poor get poorer.April 22, 2010 at 1:37 PM #543226AecetiaParticipantBrian:
Thanks for such a balanced response. I do not think because they do not like what the government is doing or how they are doing it makes them less compassionate. People are not less compassionate because of being wealthy or being poor. I do not want higher taxes. That does not make my less compassionate. I continue to contribute to charities such as the Salvation Army, a group of Franciscan Friars who run a center for alcohol and substance abuse and some assorted animal causes. I prefer to pick my own charities and not see it pissed away like the Feds. did on that stupid virtual fence for border protection (about 700 million since 2006). I may be more or less compassionate than you, but I do not lack compassion. The Feds continue to waste money and that is why I want to conserve as much of mine as I can. If you want to pay more, then do so, but redistribution of wealth does not work. The rich find ways to save their wealth and the poor get poorer.April 22, 2010 at 1:40 PM #542269SK in CVParticipant[quote=captcha]
As someone whose AGI was to high to qualify for education credit (my wife is doctoral student and I spent $2K on my professional development last year) or child credit (and I have three kids) due to the money I made on a side I feel your frustration. My back of the envelope calculation shows that I got to keep about 30 cent of each $ I earned on a side, partially due to poor tax planning.
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I think you did your calculation wrong. I just went through about 10 different scenarios using the facts you provided, and can’t get that number any lower than 42 cents of each dollar. And that’s with including all of your side income subject to self-employment tax, which is unlikely. Probably ought to check your math.
April 22, 2010 at 1:40 PM #542384SK in CVParticipant[quote=captcha]
As someone whose AGI was to high to qualify for education credit (my wife is doctoral student and I spent $2K on my professional development last year) or child credit (and I have three kids) due to the money I made on a side I feel your frustration. My back of the envelope calculation shows that I got to keep about 30 cent of each $ I earned on a side, partially due to poor tax planning.
[/quote]
I think you did your calculation wrong. I just went through about 10 different scenarios using the facts you provided, and can’t get that number any lower than 42 cents of each dollar. And that’s with including all of your side income subject to self-employment tax, which is unlikely. Probably ought to check your math.
April 22, 2010 at 1:40 PM #542861SK in CVParticipant[quote=captcha]
As someone whose AGI was to high to qualify for education credit (my wife is doctoral student and I spent $2K on my professional development last year) or child credit (and I have three kids) due to the money I made on a side I feel your frustration. My back of the envelope calculation shows that I got to keep about 30 cent of each $ I earned on a side, partially due to poor tax planning.
[/quote]
I think you did your calculation wrong. I just went through about 10 different scenarios using the facts you provided, and can’t get that number any lower than 42 cents of each dollar. And that’s with including all of your side income subject to self-employment tax, which is unlikely. Probably ought to check your math.
April 22, 2010 at 1:40 PM #542954SK in CVParticipant[quote=captcha]
As someone whose AGI was to high to qualify for education credit (my wife is doctoral student and I spent $2K on my professional development last year) or child credit (and I have three kids) due to the money I made on a side I feel your frustration. My back of the envelope calculation shows that I got to keep about 30 cent of each $ I earned on a side, partially due to poor tax planning.
[/quote]
I think you did your calculation wrong. I just went through about 10 different scenarios using the facts you provided, and can’t get that number any lower than 42 cents of each dollar. And that’s with including all of your side income subject to self-employment tax, which is unlikely. Probably ought to check your math.
April 22, 2010 at 1:40 PM #543231SK in CVParticipant[quote=captcha]
As someone whose AGI was to high to qualify for education credit (my wife is doctoral student and I spent $2K on my professional development last year) or child credit (and I have three kids) due to the money I made on a side I feel your frustration. My back of the envelope calculation shows that I got to keep about 30 cent of each $ I earned on a side, partially due to poor tax planning.
[/quote]
I think you did your calculation wrong. I just went through about 10 different scenarios using the facts you provided, and can’t get that number any lower than 42 cents of each dollar. And that’s with including all of your side income subject to self-employment tax, which is unlikely. Probably ought to check your math.
April 22, 2010 at 1:42 PM #542274AecetiaParticipantI think it is going to be difficult to define speculative trading from trading and anything that decreases money invested should work as a brake on what I still consider a fragile recovery. If you can show otherwise, then I would like to see how more transaction tax will stimulate Wall Street.
April 22, 2010 at 1:42 PM #542389AecetiaParticipantI think it is going to be difficult to define speculative trading from trading and anything that decreases money invested should work as a brake on what I still consider a fragile recovery. If you can show otherwise, then I would like to see how more transaction tax will stimulate Wall Street.
April 22, 2010 at 1:42 PM #542866AecetiaParticipantI think it is going to be difficult to define speculative trading from trading and anything that decreases money invested should work as a brake on what I still consider a fragile recovery. If you can show otherwise, then I would like to see how more transaction tax will stimulate Wall Street.
April 22, 2010 at 1:42 PM #542959AecetiaParticipantI think it is going to be difficult to define speculative trading from trading and anything that decreases money invested should work as a brake on what I still consider a fragile recovery. If you can show otherwise, then I would like to see how more transaction tax will stimulate Wall Street.
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