Who do you support for U.S. Senate in Georgia in 2010?

[jeb stuart]

Informed Opinion wrote:

<quoted text>
All that anger.
Relax, nothing is going to change as long as we keep voting for the same people owned by the same corporations.
This doesn't have to be complicated.
Pick a tax rate, any tax rate, and make everyone pay the same tax rate on all income from all sources:
wages, short-term capital gains, long-term capital gains, bonuses, options, grants, hedge fund gains, inheritances, gifts, barter. Everything.
No deductions, for anything, anytime, for anyone.
How hard is that ?
How can that be "unfair"
Let's call it the "RFT" - the Really Fair Tax.

it could be that it would not be 'fair' to them because it would just be too simple.it would not take a bunch of 'ivy leaguers' to figure out.

[Galactic Nacho]

guesswho wrote:

<quoted text>
You elitist ass! You are obviously a smart person, but that doesn't make you right. You are so wrong, but that’s your constitutional right. You have your view of how the economy and taxation should work and it’s not in favor the average working person. The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations. It makes the effective tax rate much higher for regular working people who make their money working, that’s a fact. So you stick your elitist nose in the air and talk down to people who you view as stupid. Book smarts only goes so far, you are a pitiful excuse for a human with little common sense.

This gringo says the truth.

[Synergy]

welcome wrote:

<quoted text>
Vick served time and lost millions of dollars for killing dogs. While thats a terrible thing people spend less time and it costs them less to kill certain people. Lots of them folks in Atlanta and they are killed by guns every day, and we just don't care. Welcome to American the Beautiful!

In a lot of cases, animals are nicer than people. At least a person can,for the most part, defend themselves. Anyone who abuses animals and children shouldn't even be allowed to live!
Too bad about Vick losing MILLIONS. Wonder how much he made inflicting and condoning pain on those dogs?. He is a pathetic excuse of a human being.

[Synergy]

guesswho wrote:

<quoted text>
You elitist ass! You are obviously a smart person, but that doesn't make you right. You are so wrong, but that’s your constitutional right. You have your view of how the economy and taxation should work and it’s not in favor the average working person. The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations. It makes the effective tax rate much higher for regular working people who make their money working, that’s a fact. So you stick your elitist nose in the air and talk down to people who you view as stupid. Book smarts only goes so far, you are a pitiful excuse for a human with little common sense.

Well, thank Allah we can all relax. Obama is going to save us; especially the middle class. We can all breathe a sigh of relief.

[Lived there]

Call it by any other name, the "fair tax" is still a consumption tax.

[Lived there]

Synergy wrote:

<quoted text>
In a lot of cases, animals are nicer than people. At least a person can,for the most part, defend themselves. Anyone who abuses animals and children shouldn't even be allowed to live!
Too bad about Vick losing MILLIONS. Wonder how much he made inflicting and condoning pain on those dogs?. He is a pathetic excuse of a human being.

Agreed.

[Lived there]

Synergy wrote:

<quoted text>
Well, thank Allah we can all relax. Obama is going to save us; especially the middle class. We can all breathe a sigh of relief.

It's Congress we have to worry about. Somebody needs to save us from them!

[jeb stuart]

Synergy wrote:

<quoted text>
In a lot of cases, animals are nicer than people. At least a person can,for the most part, defend themselves. Anyone who abuses animals and children shouldn't even be allowed to live!
Too bad about Vick losing MILLIONS. Wonder how much he made inflicting and condoning pain on those dogs?. He is a pathetic excuse of a human being.

agree bout vick.anyway,qb is not the problem for the falcons.imo,matt ryan is one of top 5 in the nfl.falcons need a better running game and some more help on defence.i am a little suprised that they won as many games and went as far as did,considering this.

[jeb stuart]

Lived there wrote:

<quoted text>
It's Congress we have to worry about. Somebody needs to save us from them!

amen!

[formerresident]

Congress is we the people too.

Congress is stuck, because we have been polarized according to political party

And because we have too much paper, too many layers, too much trash.

That has to change. It has to.

Money is green, not red, not blue.

We get money when we begin building here at home, and teach that is what to do. When we return to the heart and spirit behind the laws, that matter too.

Until we do, these are empty words on a sheet of paper. Or worse, empty words in the virtual universe.

[jeb stuart]

formerresident wrote:

Congress is we the people too.
Congress is stuck, because we have been polarized according to political party
And because we have too much paper, too many layers, too much trash.
That has to change. It has to.
Money is green, not red, not blue.
We get money when we begin building here at home, and teach that is what to do. When we return to the heart and spirit behind the laws, that matter too.
Until we do, these are empty words on a sheet of paper. Or worse, empty words in the virtual universe.

how are things at the homeless shelter?

[Lived there]

formerresident wrote:

Congress is we the people too.

You keep on believing that nonsense and they'll keep on screwing us. Regardless of their party affiliation, they're all alike and after the same thing. They're not your "friend" as they want you to believe, nor do they represent you, just themselves.

[Bill in Dville]

Lived there wrote:

Call it by any other name, the "fair tax" is still a consumption tax.

Yep.

[Bill in Dville]

guesswho wrote:

<quoted text>
You elitist ass! You are obviously a smart person, but that doesn't make you right. You are so wrong, but that’s your constitutional right. You have your view of how the economy and taxation should work and it’s not in favor the average working person. The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations. It makes the effective tax rate much higher for regular working people who make their money working, that’s a fact. So you stick your elitist nose in the air and talk down to people who you view as stupid. Book smarts only goes so far, you are a pitiful excuse for a human with little common sense.

LMAO, IF I'm an elitist ass (gee, first time I've heard that), is it because I know what I'm talking about when it comes to taxes and you are clueless and uneducated as it relates to taxes?

If you knew what you were talking about (you obviously don't), would that make you and elitist ass, also?

Maybe I'm an elitist ass because I ask questions that would educate you that ALSO show you don't know what you're talking about?

"You are so wrong,"

About what?

"The tax code is fine, it’s the laws passed by elitist for the benefit of the rich and rich corporations."

I'm quite positive that's the first time I've heard that. It shows how clueless, uneducated and low information you are. Do you know how many pages the tax code is?

Gee, who passes those laws? Are all politicians considered elitists? Even the dude who thought Guam was going to tip over?

"It makes the effective tax rate much higher for regular working people"

Tax rates are the same for all.

"So you stick your elitist nose in the air and talk down to people who you view as stupid."

Actually, I view very few people as stupid. There's a difference between being ignorant and stupid. Ignorance is the lack of knowledge about something (hence, clueless and uneducated), stupidity is the inability to understand something due to a lack of intelligence.

When it comes to taxes and the tax system, you are ignorant, but you probably could learn, IF you so desired. The plethora of questions I've posed would educate you greatly, should you be able to address them. I think you'd rather bitch about something you're ignorant about, it makes you feel better...It's easier to hide behind a keyboard and ignore the obvious, rather than do a little research, learn something and say, Wow, I didn't know that!

[Called Out]

Lived there wrote:

Call it by any other name, the "fair tax" is still a consumption tax.

Working well in some states.

[Oh really]

Bill in Dville wrote:

<quoted text>Tax rates are the same for all.

Technically correct. In practice? Not so much. In my business I can, and do, legally write off things (@ 100%) as a cost of doing business that would get you hauled in for an audit by the IRS or jail if you tried to claim them. Could you do the same? Yes, technically, but you're not in my business, therefore I wouldn't suggest you try.
Want an example? Bribes! In drugs, cash or prostitutes, it's tax deductible so long as I give the/a SS number and name, if known (it doesn't have to be verified), of the person receiving it and there are no questions ever asked. Don't try that at home. BTW, I can also write off liquor, which is really nice, and the travel expenses of a "secretary," never mind if she can type.

How about an actual example; a consortium in the EU, with the parent company in the US, shelters $13 mill in EU profits by buying - get this - a copyright. The seller doesn't have to pay tax (a special exemption) on that but he is required to invest $10 mill in the project once it gets to the states, net, net $3 mill to the seller, which is about right.

The parent company in the US accelerates the depreciation, completes the project, at a loss,(ARE YOU WITH ME SO FAR?) turns around and sells it to their friends, who skim off the top, then turns around and sells it back to the original purchasers at a loss from time to time, to start the cycle all over again. It's all legal, but my guess is you (and I) don't play in that sand pile.

The point is, while the tax law is technically the same for everyone, the exceptions make it unequal in favor of the wealthy.
.

[ME II]

Oh really wrote:

<quoted text>
Technically correct. In practice? Not so much. In my business I can, and do, legally write off things (@ 100%) as a cost of doing business that would get you hauled in for an audit by the IRS or jail if you tried to claim them. Could you do the same? Yes, technically, but you're not in my business, therefore I wouldn't suggest you try.
Want an example? Bribes! In drugs, cash or prostitutes, it's tax deductible so long as I give the/a SS number and name, if known (it doesn't have to be verified), of the person receiving it and there are no questions ever asked. Don't try that at home. BTW, I can also write off liquor, which is really nice, and the travel expenses of a "secretary," never mind if she can type.
How about an actual example; a consortium in the EU, with the parent company in the US, shelters $13 mill in EU profits by buying - get this - a copyright. The seller doesn't have to pay tax (a special exemption) on that but he is required to invest $10 mill in the project once it gets to the states, net, net $3 mill to the seller, which is about right.
The parent company in the US accelerates the depreciation, completes the project, at a loss,(ARE YOU WITH ME SO FAR?) turns around and sells it to their friends, who skim off the top, then turns around and sells it back to the original purchasers at a loss from time to time, to start the cycle all over again. It's all legal, but my guess is you (and I) don't play in that sand pile.
The point is, while the tax law is technically the same for everyone, the exceptions make it unequal in favor of the wealthy.
.

You are absolutely correct on all this. I worked for years for companies and you should have seen the tax deductions they would take. Like you said, most of us would be in jail as individuals if we tried the stuff that some businesses do.

[Bill in Dville]

ME II wrote:

<quoted text>
You are absolutely correct on all this. I worked for years for companies and you should have seen the tax deductions they would take. Like you said, most of us would be in jail as individuals if we tried the stuff that some businesses do.

If you're not audited, it doesn't matter what deductions you take.

[Bill in Dville]

Oh really wrote:

<quoted text>
Technically correct. In practice? Not so much. In my business I can, and do, legally write off things (@ 100%) as a cost of doing business that would get you hauled in for an audit by the IRS or jail if you tried to claim them. Could you do the same? Yes, technically, but you're not in my business, therefore I wouldn't suggest you try.
Want an example? Bribes! In drugs, cash or prostitutes, it's tax deductible so long as I give the/a SS number and name, if known (it doesn't have to be verified), of the person receiving it and there are no questions ever asked. Don't try that at home. BTW, I can also write off liquor, which is really nice, and the travel expenses of a "secretary," never mind if she can type.
How about an actual example; a consortium in the EU, with the parent company in the US, shelters $13 mill in EU profits by buying - get this - a copyright. The seller doesn't have to pay tax (a special exemption) on that but he is required to invest $10 mill in the project once it gets to the states, net, net $3 mill to the seller, which is about right.
The parent company in the US accelerates the depreciation, completes the project, at a loss,(ARE YOU WITH ME SO FAR?) turns around and sells it to their friends, who skim off the top, then turns around and sells it back to the original purchasers at a loss from time to time, to start the cycle all over again. It's all legal, but my guess is you (and I) don't play in that sand pile.
The point is, while the tax law is technically the same for everyone, the exceptions make it unequal in favor of the wealthy.
.

Actually, unless the rules have changed in the short time period since I retired I don't think they have), you have to issue a form 1099 for payments totaling over $600 made to a non-corporation, non-employee, unless the payment is for a tangible item (like a computer).

Also, the SS # or FEIN # are supposed to be verified, you're supposed to get a form W-9 from vendors.

In order for you to deduct something as a valid business expense paid to an individual, it must be "picked up" as income by that person.

All that being said, it's irrelevant to what I said about tax rates being the same for all. The above discussions about deductions are about items used in determining what TAXABLE income is and have no impact whatsoever as to what the tax rate is. Apples and oranges.

The tax rate for your C corp is the same as the tax rate for my (former C corp), Home Depot, GE, etc.

[Oh really]

Bill in Dville wrote:

<quoted text>
If you're not audited, it doesn't matter what deductions you take.

If you stay within the law, as I do, no problems.