Welcome
Guest
Sign In
|
Register
BASKETBALL
FOOTBALL
ALL SPORTS
THE SHACK
TICKETS
POKER
POLITICS
WALL ST.
HELP / TESTING
ABOUT US
Given how our income tax system works
Posted on: March 2, 2021 at 08:36:22 CT
meatiger
MU
Posts:
126642
Member For:
25.70 yrs
Level:
User
M.O.B. Votes:
0
I would venture to guess Dec 31st will be considered the date that net wealth is established.
Please explain why this message is being reported.
Reason For Report:
REPLY
Handle:
Password:
Subject:
MESSAGE THREAD
Can any serious person support Warren's wealth tax idea?
-
4TigersinMichigan
MU
-
3/2 08:07:59
Not to worry..it is Unconstitutional(nm)
-
Spanky
KU
-
3/2 09:41:38
No. Problem is we have a huge number of socialists
-
RHAYWORTH
MU
-
3/2 09:01:07
Suspect citizens would be forced to submit financial
-
BH O'bonga
MU
-
3/2 08:46:02
this is what happens when you fully support theft
-
meatiger
MU
-
3/2 08:31:29
Just as bad as an income tax. Can any serious person support
-
ummmm
MU
-
3/2 08:17:34
No. Its far worse. When gov't can/will do that then its
-
GA Tiger
MU
-
3/2 08:44:04
Serious people who pay their bills do friend
-
Floyd Turbo
99
-
3/2 08:22:50
sup floyd, started on your 2020 taxes yet? (nm)
-
SwampTiger
MU
-
3/2 08:23:51
Been a taxpayer 40 years child. I’ve paid income taxes
-
Floyd Turbo
99
-
3/2 08:27:27
That was brilliant
-
4TigersinMichigan
MU
-
3/2 08:27:51
Yes
-
4TigersinMichigan
MU
-
3/2 08:21:09
you aren’t a serious person (nm)
-
pickle
MU
-
3/2 11:02:58
So if we get a wealth tax now..
-
meatiger
MU
-
3/2 08:28:22
I don't even know how to respond to such nonsense
-
4TigersinMichigan
MU
-
3/2 08:29:34
you said if it is "so common"
-
meatiger
MU
-
3/2 08:30:48
Show me one place I said it was "OK" ?
-
4TigersinMichigan
MU
-
3/2 08:32:11
eminent domain
-
meatiger
MU
-
3/2 08:33:58
Not all closure of business
-
4TigersinMichigan
MU
-
3/2 08:36:47
Where does that money come from?(nm)
-
meatiger
MU
-
3/2 08:38:09
Mostly from taxes
-
4TigersinMichigan
MU
-
3/2 08:40:56
mostly?
-
meatiger
MU
-
3/2 08:41:42
Municipalities do not solely derive income from taxes meat
-
4TigersinMichigan
MU
-
3/2 08:44:38
then where do they derive it from? (nm)
-
ashtray
UF
-
3/2 09:06:05
That didn't differentiate from the wealth tax.
-
ummmm
MU
-
3/2 08:24:21
Income is a defined and tangible quantity
-
4TigersinMichigan
MU
-
3/2 08:26:55
Huh? Arriving at one's taxable income for a year is
-
ummmm
MU
-
3/2 08:30:15
That is the fault of a deeply flawed tax system
-
4TigersinMichigan
MU
-
3/2 08:35:00
The internal revenue code has to be complex in order
-
ummmm
MU
-
3/2 08:40:16
That is one of the reasons the tax code is so complex
-
4TigersinMichigan
MU
-
3/2 08:46:32
I don't know how it could be worse. Have you ever held
-
ummmm
MU
-
3/2 08:54:21
It is the reason our federal government was given a role
-
4TigersinMichigan
MU
-
3/2 08:56:04
Especially given
-
meatiger
MU
-
3/2 08:42:42
Given how our income tax system works
-
meatiger
MU
-
3/2 08:36:22
And using the recent GameStop example
-
4TigersinMichigan
MU
-
3/2 08:37:56
People delay income payments after the 1st of the year now
-
ummmm
MU
-
3/2 08:41:48
no different than if you
-
meatiger
MU
-
3/2 08:39:58
Once you are paid the bonus, you have the bonus
-
4TigersinMichigan
MU
-
3/2 08:47:44
most likely, yes
-
ashtray
UF
-
3/2 09:09:31
lol..stop making sense(nm)
-
meatiger
MU
-
3/2 09:15:55
Wealth is very much defined
-
meatiger
MU
-
3/2 08:29:47
Socialists and idiots are serious people. That’s the
-
hokie
VT
-
3/2 08:11:56
While I am completely against it
-
meatiger
MU
-
3/2 08:09:10
Then tell me the mechanism for paying a debt that
-
4TigersinMichigan
MU
-
3/2 08:11:17
sell off assets to pay the tax
-
ashtray
UF
-
3/2 08:12:52
Ever hear of real estate taxes? Nm
-
SparkyStalcup
MU
-
3/2 08:12:14
Yes
-
4TigersinMichigan
MU
-
3/2 08:12:56
But based on what shows on paper and not what is in
-
ummmm
MU
-
3/2 08:19:49
Holding real estate is vastly different in several ways than
-
4TigersinMichigan
MU
-
3/2 08:23:10
The wealth tax is more than just stocks
-
meatiger
MU
-
3/2 08:27:28
I know
-
4TigersinMichigan
MU
-
3/2 08:28:48
Yes, it's a terrible idea. Just like a tax on real property
-
ummmm
MU
-
3/2 08:32:39
I have never been a strong proponent of any of them
-
4TigersinMichigan
MU
-
3/2 08:39:49
I agreed with it in my first post in this thread.
-
ummmm
MU
-
3/2 08:43:27
And not all posts refer to you specifically
-
4TigersinMichigan
MU
-
3/2 08:50:28
but the income tax is "very common"(nm)
-
meatiger
MU
-
3/2 08:44:19
Yes, it is meat
-
4TigersinMichigan
MU
-
3/2 08:50:48
umm has stated the argument quite well(nm)
-
meatiger
MU
-
3/2 08:51:36
And you, as usual, have jumped in a made a mess of it
-
4TigersinMichigan
MU
-
3/2 08:56:45
smug troll (nm)
-
SwampTiger
MU
-
3/2 08:42:25
I don't think he is trolling
-
meatiger
MU
-
3/2 08:44:52
he's always trolling meat
-
SwampTiger
MU
-
3/2 09:43:06
What is remarkable
-
meatiger
MU
-
3/2 08:41:23
How so? (nm)
-
ummmm
MU
-
3/2 08:24:45
See below(nm)
-
4TigersinMichigan
MU
-
3/2 08:27:28
what's the difference relevant to your question? (nm)
-
SwampTiger
MU
-
3/2 08:18:22
Well, for one
-
4TigersinMichigan
MU
-
3/2 08:26:00
Real estate prices go up and down too. (nm)
-
ummmm
MU
-
3/2 08:31:44
Real estate prices can indeed fluxuate
-
4TigersinMichigan
MU
-
3/2 08:49:35
what percent of the population derives actual revenue from
-
meatiger
MU
-
3/2 08:50:36
And unless you sell or rent
-
meatiger
MU
-
3/2 08:33:06
Yes, just like the wealth tax, a potential for increased
-
ummmm
MU
-
3/2 08:34:32
many people generate revenue from holding stocks as well
-
SwampTiger
MU
-
3/2 08:27:51
I can charge rent, lease property, use property to run a
-
4TigersinMichigan
MU
-
3/2 08:30:58
and you pay taxes on that money as well (nm)
-
ashtray
UF
-
3/2 08:32:41
dividends not reinvested (nm)
-
SwampTiger
MU
-
3/2 08:31:54
Correct - that is one way
-
4TigersinMichigan
MU
-
3/2 08:52:17
well..that was easy...lol(nm)
-
meatiger
MU
-
3/2 08:34:42
And it will employ a lot of accountants
-
meatiger
MU
-
3/2 08:10:02
they may be serious, but they aren't very smart (nm)
-
ashtray
UF
-
3/2 08:09:01