First Quarter Financials
#11
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
Perhaps he's smart enough to realize he can defer capital gains taxes and thereby improve his overall take-home via compounded annual returns that way?
Who knows...he may just be clever enough to know how to hedge his portfolio and sell covered calls against his holdings, too, further improving his returns.
#13
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,722
Stock gains are only taxed at 15%, that's why Warren Buffet pays a lesser tax rate then his secretary. Even Warren says our tax structure is messed up!
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
#15
Stock gains are only taxed at 15%, that's why Warren Buffet pays a lesser tax rate then his secretary. Even Warren says our tax structure is messed up!
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
How the Maker of TurboTax Fought Free, Simple Tax Filing - ProPublica
#16
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
Correction:
No little guy with an attitude and a mind-set like that ever won, because he quit before he ever tried. The same holds true for the little guy who tried, failed, and then quit because he/she allowed themselves to adopt that attitude and mind-set.
We can thank the good Lord above that folks like America's Founding Fathers, George Washington, Martin Luther King, Jr., etc. never fell for that BS.
No little guy with an attitude and a mind-set like that ever won, because he quit before he ever tried. The same holds true for the little guy who tried, failed, and then quit because he/she allowed themselves to adopt that attitude and mind-set.
We can thank the good Lord above that folks like America's Founding Fathers, George Washington, Martin Luther King, Jr., etc. never fell for that BS.
#17
Banned
Joined APC: Nov 2008
Position: A330
Posts: 1,043
#18
Gets Weekends Off
Thread Starter
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,384
Stock gains are only taxed at 15%, that's why Warren Buffet pays a lesser tax rate then his secretary. Even Warren says our tax structure is messed up!
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
How about a 'flat tax' where everyone, top to bottom, pays the same rate, no deductions, no write offs, nothing. We could eliminate the entire IRS tomorrow.
A flat tax is nothing but a pipe dream for the very high income makers.
#19
A flat tax raisea taxes on lower income people and lowers taxes for the very wealthy. It's the opposite of what we need. Our current progressive tax system is complicated but logical. If you are raising a family on 35,000 a year, you get a lower rate and deductions to help you. If you are single and making 500,000 you pay a lot in taxes...exactly how it should be. The things that make the system so damn complicated are there for a reason. The guy raising a family on 35k is spending every dime he makes to support the family (housing, food, education) takes up all the income. The guy making 500k is spending a tiny fraction of his income on the essentials, and thus should have plenty of money left over to pay taxes.
A flat tax is nothing but a pipe dream for the very high income makers.
A flat tax is nothing but a pipe dream for the very high income makers.
#20
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
A flat tax raisea taxes on lower income people and lowers taxes for the very wealthy. It's the opposite of what we need. Our current progressive tax system is complicated but logical. If you are raising a family on 35,000 a year, you get a lower rate and deductions to help you. If you are single and making 500,000 you pay a lot in taxes...exactly how it should be. The things that make the system so damn complicated are there for a reason. The guy raising a family on 35k is spending every dime he makes to support the family (housing, food, education) takes up all the income. The guy making 500k is spending a tiny fraction of his income on the essentials, and thus should have plenty of money left over to pay taxes.
A flat tax is nothing but a pipe dream for the very high income makers.
A flat tax is nothing but a pipe dream for the very high income makers.
The tax rate argument is a twisted liberal argument designed to foster class division.
/sympathy
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