On 5/8/2024 11:31 AM, Scout wrote:
>
>
> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
> news:v1g32h$s58$3@dont-email.me...
>> pothead <pothead@snakebite.com> wrote in
>> news:v1frha$3un8u$4@dont-email.me:
>>
>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>> wrote:
>>>>
>>
>>>>> And, until now, the IRS doesn't have the money/resources to go after
>>>>> the uber rich.
>>>>
>>>> Horse shit.... they have always had the resources to do so. The
>>>> problem is the tax code is written in a manner that allows the rich
>>>> to bypass most taxation which naturally they take full advantage of.
>>>>
>>>
>> And you're wrong - it takes manpower and court time to collect from the
>> uber rich.
>
> Yea, and look at how much they stand to get by doing so... unless they
> really don't...
>
> See my mom was regularly audited so much we had rules, one of which was
> we couldn't laugh at the auditor.
>
> I remember the largest error she ever made.. after a 4.5 hour audit and
> finding out that the majority of the family income was deemed legally
> non-taxable.. they finally reached the conclusion she had over paid by 4
> cents due to cumulative rounding errors.
>
> She ran a tax service and knew the tax code loopholes on how to avoid
> paying unnecessary income tax.
>
> So, yea, most of the very rich pay very little to nothing in income tax
> because they have little to no taxable income... despite how much they
> might make on paper.
>
>
> For example. Say I own a large block of stock in a major company.. now
> if I sell it to buy a house or such.. it counts as income and becomes
> taxable.
>
> HOWEVER if I use that stock as security for a loan and use that loan for
> my expenses.. well that generates a debt and isn't taxable.
>
> Yet they have millions to spend.
>
> Then they get to use the interest on that loan as a deduction in the
> future taxable income. When they get income that would be taxable.. they
> simply dump it into repayment of their loan which makes
> reduces/eliminates your 'income' and again you pay no taxes.
>
> Yea, the IRS doesn't go after the rich, because it's not worth it.
> Because the rich use the rules to exclude their money and any generation
> of wealth from being taxable income.
>
> Further they pay a fix fee each year to cover all their legal issues so
> if the IRS or anyone else comes after them. they get to talk to the
> lawyers endlessly because it doesn't cost the rich person one extra cent
> for running the IRS through court and motions and such like until the
> cows come home.. and end the end.. they will probably find out there was
> no taxable income anyway.
>
>
>
>
>
Yet Google sez: "The top 10 percent of earners bore responsibility for
76 percent of all income taxes paid, and the top 25 percent paid 89
percent of all income taxes. Altogether, the top 50 percent of filers
earned 90 percent of all income and were responsible for 98 percent of
all income taxes paid in 2021."

"Frank" <"frank "@frank.net> wrote in message
news:v1gbqr$2vqn$1@dont-email.me...
> On 5/8/2024 11:31 AM, Scout wrote:
>>
>>
>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>> news:v1g32h$s58$3@dont-email.me...
>>> pothead <pothead@snakebite.com> wrote in
>>> news:v1frha$3un8u$4@dont-email.me:
>>>
>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>> wrote:
>>>>>
>>>
>>>>>> And, until now, the IRS doesn't have the money/resources to go after
>>>>>> the uber rich.
>>>>>
>>>>> Horse shit.... they have always had the resources to do so. The
>>>>> problem is the tax code is written in a manner that allows the rich
>>>>> to bypass most taxation which naturally they take full advantage of.
>>>>>
>>>>
>>> And you're wrong - it takes manpower and court time to collect from the
>>> uber rich.
>>
>> Yea, and look at how much they stand to get by doing so... unless they
>> really don't...
>>
>> See my mom was regularly audited so much we had rules, one of which was
>> we couldn't laugh at the auditor.
>>
>> I remember the largest error she ever made.. after a 4.5 hour audit and
>> finding out that the majority of the family income was deemed legally
>> non-taxable.. they finally reached the conclusion she had over paid by 4
>> cents due to cumulative rounding errors.
>>
>> She ran a tax service and knew the tax code loopholes on how to avoid
>> paying unnecessary income tax.
>>
>> So, yea, most of the very rich pay very little to nothing in income tax
>> because they have little to no taxable income... despite how much they
>> might make on paper.
>>
>>
>> For example. Say I own a large block of stock in a major company.. now if
>> I sell it to buy a house or such.. it counts as income and becomes
>> taxable.
>>
>> HOWEVER if I use that stock as security for a loan and use that loan for
>> my expenses.. well that generates a debt and isn't taxable.
>>
>> Yet they have millions to spend.
>>
>> Then they get to use the interest on that loan as a deduction in the
>> future taxable income. When they get income that would be taxable.. they
>> simply dump it into repayment of their loan which makes
>> reduces/eliminates your 'income' and again you pay no taxes.
>>
>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>> Because the rich use the rules to exclude their money and any generation
>> of wealth from being taxable income.
>>
>> Further they pay a fix fee each year to cover all their legal issues so
>> if the IRS or anyone else comes after them. they get to talk to the
>> lawyers endlessly because it doesn't cost the rich person one extra cent
>> for running the IRS through court and motions and such like until the
>> cows come home.. and end the end.. they will probably find out there was
>> no taxable income anyway.
>>
>>
>>
>>
>>
> Yet Google sez: "The top 10 percent of earners bore responsibility for 76
> percent of all income taxes paid, and the top 25 percent paid 89 percent
> of all income taxes. Altogether, the top 50 percent of filers earned 90
> percent of all income and were responsible for 98 percent of all income
> taxes paid in 2021.

Yea, and you know who is in the top 10%.. Anything $173,176 or over. Which
really isn't that much.

Which I suppose you are going to classify as the "uber rich"?

Otherwise, your comment has nothing to do with the topic at hand.

On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net> wrote:
>
>
> "Frank" <"frank "@frank.net> wrote in message
> news:v1gbqr$2vqn$1@dont-email.me...
>> On 5/8/2024 11:31 AM, Scout wrote:
>>>
>>>
>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>> news:v1g32h$s58$3@dont-email.me...
>>>> pothead <pothead@snakebite.com> wrote in
>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>
>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>> wrote:
>>>>>>
>>>>
>>>>>>> And, until now, the IRS doesn't have the money/resources to go after
>>>>>>> the uber rich.
>>>>>>
>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>> problem is the tax code is written in a manner that allows the rich
>>>>>> to bypass most taxation which naturally they take full advantage of.
>>>>>>
>>>>>
>>>> And you're wrong - it takes manpower and court time to collect from the
>>>> uber rich.
>>>
>>> Yea, and look at how much they stand to get by doing so... unless they
>>> really don't...
>>>
>>> See my mom was regularly audited so much we had rules, one of which was
>>> we couldn't laugh at the auditor.
>>>
>>> I remember the largest error she ever made.. after a 4.5 hour audit and
>>> finding out that the majority of the family income was deemed legally
>>> non-taxable.. they finally reached the conclusion she had over paid by 4
>>> cents due to cumulative rounding errors.
>>>
>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>> paying unnecessary income tax.
>>>
>>> So, yea, most of the very rich pay very little to nothing in income tax
>>> because they have little to no taxable income... despite how much they
>>> might make on paper.
>>>
>>>
>>> For example. Say I own a large block of stock in a major company.. now if
>>> I sell it to buy a house or such.. it counts as income and becomes
>>> taxable.
>>>
>>> HOWEVER if I use that stock as security for a loan and use that loan for
>>> my expenses.. well that generates a debt and isn't taxable.
>>>
>>> Yet they have millions to spend.
>>>
>>> Then they get to use the interest on that loan as a deduction in the
>>> future taxable income. When they get income that would be taxable.. they
>>> simply dump it into repayment of their loan which makes
>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>
>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>> Because the rich use the rules to exclude their money and any generation
>>> of wealth from being taxable income.
>>>
>>> Further they pay a fix fee each year to cover all their legal issues so
>>> if the IRS or anyone else comes after them. they get to talk to the
>>> lawyers endlessly because it doesn't cost the rich person one extra cent
>>> for running the IRS through court and motions and such like until the
>>> cows come home.. and end the end.. they will probably find out there was
>>> no taxable income anyway.
>>>
>>>
>>>
>>>
>>>
>> Yet Google sez: "The top 10 percent of earners bore responsibility for 76
>> percent of all income taxes paid, and the top 25 percent paid 89 percent
>> of all income taxes. Altogether, the top 50 percent of filers earned 90
>> percent of all income and were responsible for 98 percent of all income
>> taxes paid in 2021.
>
> Yea, and you know who is in the top 10%.. Anything $173,176 or over. Which
> really isn't that much.
>
> Which I suppose you are going to classify as the "uber rich"?
>
> Otherwise, your comment has nothing to do with the topic at hand.
>

Which is why when politicians claim they are going to "tax the rich", it's important to qualify
what "rich" means.

--
pothead
Joe Biden is the absolute WORST President Of the U.S. ever.
Nobody else is even close. Including Jimmy Carter.
Vote for ANYBODY but Joe Biden in 2024.

Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:

> On 5/8/2024 11:31 AM, Scout wrote:
>>
>>
>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>> news:v1g32h$s58$3@dont-email.me...
>>> pothead <pothead@snakebite.com> wrote in
>>> news:v1frha$3un8u$4@dont-email.me:
>>>
>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>> wrote:
>>>>>
>>>
>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>> after the uber rich.
>>>>>
>>>>> Horse shit.... they have always had the resources to do so. The
>>>>> problem is the tax code is written in a manner that allows the
>>>>> rich to bypass most taxation which naturally they take full
>>>>> advantage of.
>>>>>
>>>>
>>> And you're wrong - it takes manpower and court time to collect from
>>> the uber rich.
>>
>> Yea, and look at how much they stand to get by doing so... unless
>> they really don't...
>>
>> See my mom was regularly audited so much we had rules, one of which
>> was we couldn't laugh at the auditor.
>>
>> I remember the largest error she ever made.. after a 4.5 hour audit
>> and finding out that the majority of the family income was deemed
>> legally non-taxable.. they finally reached the conclusion she had
>> over paid by 4 cents due to cumulative rounding errors.
>>
>> She ran a tax service and knew the tax code loopholes on how to avoid
>> paying unnecessary income tax.
>>
>> So, yea, most of the very rich pay very little to nothing in income
>> tax because they have little to no taxable income... despite how much
>> they might make on paper.
>>
>>
>> For example. Say I own a large block of stock in a major company..
>> now if I sell it to buy a house or such.. it counts as income and
>> becomes taxable.
>>
>> HOWEVER if I use that stock as security for a loan and use that loan
>> for my expenses.. well that generates a debt and isn't taxable.
>>
>> Yet they have millions to spend.
>>
>> Then they get to use the interest on that loan as a deduction in the
>> future taxable income. When they get income that would be taxable..
>> they simply dump it into repayment of their loan which makes
>> reduces/eliminates your 'income' and again you pay no taxes.
>>
>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>> Because the rich use the rules to exclude their money and any
>> generation of wealth from being taxable income.
>>
>> Further they pay a fix fee each year to cover all their legal issues
>> so if the IRS or anyone else comes after them. they get to talk to
>> the lawyers endlessly because it doesn't cost the rich person one
>> extra cent for running the IRS through court and motions and such
>> like until the cows come home.. and end the end.. they will probably
>> find out there was no taxable income anyway.
>>
>>
>>
>>
>>
> Yet Google sez: "The top 10 percent of earners bore responsibility for
> 76 percent of all income taxes paid, and the top 25 percent paid 89
> percent of all income taxes. Altogether, the top 50 percent of filers
> earned 90 percent of all income and were responsible for 98 percent of
> all income taxes paid in 2021."
>

The rich SHOULD be the ones paying the taxes. When income taxes were
first enacted, they applied ONLY to the rich.

pothead <pothead@snakebite.com> wrote in
news:v1gkea$4vf2$3@dont-email.me:

> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
> wrote:
>>
>>
>> "Frank" <"frank "@frank.net> wrote in message
>> news:v1gbqr$2vqn$1@dont-email.me...
>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>
>>>>
>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>> news:v1g32h$s58$3@dont-email.me...
>>>>> pothead <pothead@snakebite.com> wrote in
>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>
>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>> wrote:
>>>>>>>
>>>>>
>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>> after the uber rich.
>>>>>>>
>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>> advantage of.
>>>>>>>
>>>>>>
>>>>> And you're wrong - it takes manpower and court time to collect
>>>>> from the uber rich.
>>>>
>>>> Yea, and look at how much they stand to get by doing so... unless
>>>> they really don't...
>>>>
>>>> See my mom was regularly audited so much we had rules, one of which
>>>> was we couldn't laugh at the auditor.
>>>>
>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>> and finding out that the majority of the family income was deemed
>>>> legally non-taxable.. they finally reached the conclusion she had
>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>
>>>> She ran a tax service and knew the tax code loopholes on how to
>>>> avoid paying unnecessary income tax.
>>>>
>>>> So, yea, most of the very rich pay very little to nothing in income
>>>> tax because they have little to no taxable income... despite how
>>>> much they might make on paper.
>>>>
>>>>
>>>> For example. Say I own a large block of stock in a major company..
>>>> now if I sell it to buy a house or such.. it counts as income and
>>>> becomes taxable.
>>>>
>>>> HOWEVER if I use that stock as security for a loan and use that
>>>> loan for my expenses.. well that generates a debt and isn't
>>>> taxable.
>>>>
>>>> Yet they have millions to spend.
>>>>
>>>> Then they get to use the interest on that loan as a deduction in
>>>> the future taxable income. When they get income that would be
>>>> taxable.. they simply dump it into repayment of their loan which
>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>
>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>> Because the rich use the rules to exclude their money and any
>>>> generation of wealth from being taxable income.
>>>>
>>>> Further they pay a fix fee each year to cover all their legal
>>>> issues so if the IRS or anyone else comes after them. they get to
>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>> person one extra cent for running the IRS through court and motions
>>>> and such like until the cows come home.. and end the end.. they
>>>> will probably find out there was no taxable income anyway.
>>>>
>>>>
>>>>
>>>>
>>>>
>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>> filers earned 90 percent of all income and were responsible for 98
>>> percent of all income taxes paid in 2021.
>>
>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>> Which really isn't that much.
>>
>> Which I suppose you are going to classify as the "uber rich"?
>>
>> Otherwise, your comment has nothing to do with the topic at hand.
>>
>
> Which is why when politicians claim they are going to "tax the rich",
> it's important to qualify what "rich" means.
>
And Biden has done that - $400,000/year.

On Wed, 8 May 2024 14:43:30 -0000 (UTC)
Baxter <bax02_spamblock@baxcode.com> wrote:

> it takes manpower and court time to collect from the
> uber rich.

Like this:

https://www.govexec.com/workforce/2023/04/irs-hire-30000-employees-over-next-two-years/384897/

IRS to Hire 30,000 Employees Over the Next Two Years
Biden administration lays out the full spending plan for its new $80 billion cash infusion.
APRIL 6, 2023

The much anticipated Inflation Reduction Act implementation details laid out the administration’s goals to boost enforcement on high-earning individuals and corporations and modernize the agency so it can vastly improve the taxpayer experience. Officials on Thursday said the plan and its accompanying resources would energize the IRS workforce and lead to a significant return for the U.S. government.

IRS plans to bring on about 10,000 new employees in the current fiscal year, most of whom will focus on taxpayer services. In fiscal 2024, the agency will double that to nearly 20,000 hires, with $1.4 billion and the plurality of new staff going toward enforcement. The Treasury Department released its plan several weeks after its self-imposed deadline, drawing the ire of many on Capitol Hill.

All told, IRS plans to spend about $47 billion on tax enforcement efforts, $7.5 billion on taxpayer services, $12 billion technology improvements, $4 billion on energy security and $8 billion on hiring and retention.

The Biden administration previously received significant pushback after Republicans highlighted a Treasury document that estimated IRS would use an $80 billion cash infusion to hire 87,000 employees over 10 years. While agency officials stressed those workers would go mostly toward backfilling existing vacancies and replacing a wave of expected retirements, Treasury took a more cautious approach in its new plan. IRS estimated its workforce totals stemming from IRA funds just two years out—with newly sworn in Commissioner Danny Werfel saying a fiscal 2025 estimate was coming soon—which officials said would provide greater flexibility as the agency adapts to new technology it plans to implement.

The estimate provides “the right windows to start drilling down into more precision,” Werfel said. “As we can start seeing the technology that's coming in, we can start to assess the workload and what that looks like.”

He added as IRS starts to "unpack complex filing" in a way it has not
done in many years, the agency will gain a better sense of what its
workforce needs are. The three-year outlook represents “good management
and leadership practice,” the commissioner said.

On Wed, 8 May 2024 20:06:07 -0000 (UTC)
Baxter <bax02_spamblock@baxcode.com> wrote:

> > Which is why when politicians claim they are going to "tax the
> > rich", it's important to qualify what "rich" means.
> >
> And Biden has done that - $400,000/year.

That ain't "rich" unless you live in a cheap state:

https://www.nasdaq.com/articles/heres-how-much-you-need-to-earn-to-be-rich-in-every-state

You are a moron's moron - always.

On 5/8/2024 4:06 PM, Baxter wrote:
> pothead <pothead@snakebite.com> wrote in
> news:v1gkea$4vf2$3@dont-email.me:
>
>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>> wrote:
>>>
>>>
>>> "Frank" <"frank "@frank.net> wrote in message
>>> news:v1gbqr$2vqn$1@dont-email.me...
>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>
>>>>>
>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>
>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>> wrote:
>>>>>>>>
>>>>>>
>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>> after the uber rich.
>>>>>>>>
>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>> advantage of.
>>>>>>>>
>>>>>>>
>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>> from the uber rich.
>>>>>
>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>> they really don't...
>>>>>
>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>> was we couldn't laugh at the auditor.
>>>>>
>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>> and finding out that the majority of the family income was deemed
>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>
>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>> avoid paying unnecessary income tax.
>>>>>
>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>> tax because they have little to no taxable income... despite how
>>>>> much they might make on paper.
>>>>>
>>>>>
>>>>> For example. Say I own a large block of stock in a major company..
>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>> becomes taxable.
>>>>>
>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>> taxable.
>>>>>
>>>>> Yet they have millions to spend.
>>>>>
>>>>> Then they get to use the interest on that loan as a deduction in
>>>>> the future taxable income. When they get income that would be
>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>>
>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>> Because the rich use the rules to exclude their money and any
>>>>> generation of wealth from being taxable income.
>>>>>
>>>>> Further they pay a fix fee each year to cover all their legal
>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>> person one extra cent for running the IRS through court and motions
>>>>> and such like until the cows come home.. and end the end.. they
>>>>> will probably find out there was no taxable income anyway.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>>> filers earned 90 percent of all income and were responsible for 98
>>>> percent of all income taxes paid in 2021.
>>>
>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>>> Which really isn't that much.
>>>
>>> Which I suppose you are going to classify as the "uber rich"?
>>>
>>> Otherwise, your comment has nothing to do with the topic at hand.
>>>
>>
>> Which is why when politicians claim they are going to "tax the rich",
>> it's important to qualify what "rich" means.
>>
> And Biden has done that - $400,000/year.
>
>

Letting the Trump tax cuts expire will cost all those making less.

On 5/8/2024 3:40 PM, Frank wrote:
> On 5/8/2024 4:06 PM, Baxter wrote:
>> pothead <pothead@snakebite.com> wrote in
>> news:v1gkea$4vf2$3@dont-email.me:
>>
>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>> wrote:
>>>>
>>>>
>>>> "Frank" <"frank "@frank.net> wrote in message
>>>> news:v1gbqr$2vqn$1@dont-email.me...
>>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>>
>>>>>>
>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>>
>>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>
>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>>> after the uber rich.
>>>>>>>>>
>>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>>> advantage of.
>>>>>>>>>
>>>>>>>>
>>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>>> from the uber rich.
>>>>>>
>>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>>> they really don't...
>>>>>>
>>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>>> was we couldn't laugh at the auditor.
>>>>>>
>>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>>> and finding out that the majority of the family income was deemed
>>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>>
>>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>>> avoid paying unnecessary income tax.
>>>>>>
>>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>>> tax because they have little to no taxable income... despite how
>>>>>> much they might make on paper.
>>>>>>
>>>>>>
>>>>>> For example. Say I own a large block of stock in a major company..
>>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>>> becomes taxable.
>>>>>>
>>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>>> taxable.
>>>>>>
>>>>>> Yet they have millions to spend.
>>>>>>
>>>>>> Then they get to use the interest on that loan as a deduction in
>>>>>> the future taxable income. When they get income that would be
>>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>>>
>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>>> Because the rich use the rules to exclude their money and any
>>>>>> generation of wealth from being taxable income.
>>>>>>
>>>>>> Further they pay a fix fee each year to cover all their legal
>>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>>> person one extra cent for running the IRS through court and motions
>>>>>> and such like until the cows come home.. and end the end.. they
>>>>>> will probably find out there was no taxable income anyway.
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>>>> filers earned 90 percent of all income and were responsible for 98
>>>>> percent of all income taxes paid in 2021.
>>>>
>>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>>>> Which really isn't that much.
>>>>
>>>> Which I suppose you are going to classify as the "uber rich"?
>>>>
>>>> Otherwise, your comment has nothing to do with the topic at hand.
>>>>
>>>
>>> Which is why when politicians claim they are going to "tax the rich",
>>> it's important to qualify what "rich" means.
>>>
>> And Biden has done that - $400,000/year.
>>
>>
>
> Letting the Trump tax cuts expire will cost all those making less.

Don't forget, Biden robbed the average American 401k of 30% last year.

On 2024-05-08, Baxter <bax02_spamblock@baxcode.com> wrote:
> pothead <pothead@snakebite.com> wrote in
> news:v1gkea$4vf2$3@dont-email.me:
>
>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>> wrote:
>>>
>>>
>>> "Frank" <"frank "@frank.net> wrote in message
>>> news:v1gbqr$2vqn$1@dont-email.me...
>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>
>>>>>
>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>
>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>> wrote:
>>>>>>>>
>>>>>>
>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>> after the uber rich.
>>>>>>>>
>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>> advantage of.
>>>>>>>>
>>>>>>>
>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>> from the uber rich.
>>>>>
>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>> they really don't...
>>>>>
>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>> was we couldn't laugh at the auditor.
>>>>>
>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>> and finding out that the majority of the family income was deemed
>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>
>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>> avoid paying unnecessary income tax.
>>>>>
>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>> tax because they have little to no taxable income... despite how
>>>>> much they might make on paper.
>>>>>
>>>>>
>>>>> For example. Say I own a large block of stock in a major company..
>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>> becomes taxable.
>>>>>
>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>> taxable.
>>>>>
>>>>> Yet they have millions to spend.
>>>>>
>>>>> Then they get to use the interest on that loan as a deduction in
>>>>> the future taxable income. When they get income that would be
>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>>
>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>> Because the rich use the rules to exclude their money and any
>>>>> generation of wealth from being taxable income.
>>>>>
>>>>> Further they pay a fix fee each year to cover all their legal
>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>> person one extra cent for running the IRS through court and motions
>>>>> and such like until the cows come home.. and end the end.. they
>>>>> will probably find out there was no taxable income anyway.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>>> filers earned 90 percent of all income and were responsible for 98
>>>> percent of all income taxes paid in 2021.
>>>
>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>>> Which really isn't that much.
>>>
>>> Which I suppose you are going to classify as the "uber rich"?
>>>
>>> Otherwise, your comment has nothing to do with the topic at hand.
>>>
>>
>> Which is why when politicians claim they are going to "tax the rich",
>> it's important to qualify what "rich" means.
>>
> And Biden has done that - $400,000/year.
>
>
If you actually believe that, you are an idiot.
Just wait till the Trump tax cuts expire, you will be squealing like a pig.

--
pothead
Joe Biden is the absolute WORST President Of the U.S. ever.
Nobody else is even close. Including Jimmy Carter.
Vote for ANYBODY but Joe Biden in 2024.

"Baxter" <bax02_spamblock@baxcode.com> wrote in message
news:v1glnl$5bd7$1@dont-email.me...
> Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:
>
>> On 5/8/2024 11:31 AM, Scout wrote:
>>>
>>>
>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>> news:v1g32h$s58$3@dont-email.me...
>>>> pothead <pothead@snakebite.com> wrote in
>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>
>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>> wrote:
>>>>>>
>>>>
>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>> after the uber rich.
>>>>>>
>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>> problem is the tax code is written in a manner that allows the
>>>>>> rich to bypass most taxation which naturally they take full
>>>>>> advantage of.
>>>>>>
>>>>>
>>>> And you're wrong - it takes manpower and court time to collect from
>>>> the uber rich.
>>>
>>> Yea, and look at how much they stand to get by doing so... unless
>>> they really don't...
>>>
>>> See my mom was regularly audited so much we had rules, one of which
>>> was we couldn't laugh at the auditor.
>>>
>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>> and finding out that the majority of the family income was deemed
>>> legally non-taxable.. they finally reached the conclusion she had
>>> over paid by 4 cents due to cumulative rounding errors.
>>>
>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>> paying unnecessary income tax.
>>>
>>> So, yea, most of the very rich pay very little to nothing in income
>>> tax because they have little to no taxable income... despite how much
>>> they might make on paper.
>>>
>>>
>>> For example. Say I own a large block of stock in a major company..
>>> now if I sell it to buy a house or such.. it counts as income and
>>> becomes taxable.
>>>
>>> HOWEVER if I use that stock as security for a loan and use that loan
>>> for my expenses.. well that generates a debt and isn't taxable.
>>>
>>> Yet they have millions to spend.
>>>
>>> Then they get to use the interest on that loan as a deduction in the
>>> future taxable income. When they get income that would be taxable..
>>> they simply dump it into repayment of their loan which makes
>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>
>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>> Because the rich use the rules to exclude their money and any
>>> generation of wealth from being taxable income.
>>>
>>> Further they pay a fix fee each year to cover all their legal issues
>>> so if the IRS or anyone else comes after them. they get to talk to
>>> the lawyers endlessly because it doesn't cost the rich person one
>>> extra cent for running the IRS through court and motions and such
>>> like until the cows come home.. and end the end.. they will probably
>>> find out there was no taxable income anyway.
>>>
>>>
>>>
>>>
>>>
>> Yet Google sez: "The top 10 percent of earners bore responsibility for
>> 76 percent of all income taxes paid, and the top 25 percent paid 89
>> percent of all income taxes. Altogether, the top 50 percent of filers
>> earned 90 percent of all income and were responsible for 98 percent of
>> all income taxes paid in 2021."
>>
>
> The rich SHOULD be the ones paying the taxes. When income taxes were
> first enacted, they applied ONLY to the rich.

Yep and now we are all among "the rich".

Isn't it amazing how inflation makes everyone rich?

So the rich you tax today.. will be you later in life.

"Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in news:v1icoj$koo3$4@dont-
email.me:

>
>
> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
> news:v1glnl$5bd7$1@dont-email.me...
>> Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:
>>
>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>
>>>>
>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>> news:v1g32h$s58$3@dont-email.me...
>>>>> pothead <pothead@snakebite.com> wrote in
>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>
>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>> wrote:
>>>>>>>
>>>>>
>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>> after the uber rich.
>>>>>>>
>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>> advantage of.
>>>>>>>
>>>>>>
>>>>> And you're wrong - it takes manpower and court time to collect from
>>>>> the uber rich.
>>>>
>>>> Yea, and look at how much they stand to get by doing so... unless
>>>> they really don't...
>>>>
>>>> See my mom was regularly audited so much we had rules, one of which
>>>> was we couldn't laugh at the auditor.
>>>>
>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>> and finding out that the majority of the family income was deemed
>>>> legally non-taxable.. they finally reached the conclusion she had
>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>
>>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>>> paying unnecessary income tax.
>>>>
>>>> So, yea, most of the very rich pay very little to nothing in income
>>>> tax because they have little to no taxable income... despite how much
>>>> they might make on paper.
>>>>
>>>>
>>>> For example. Say I own a large block of stock in a major company..
>>>> now if I sell it to buy a house or such.. it counts as income and
>>>> becomes taxable.
>>>>
>>>> HOWEVER if I use that stock as security for a loan and use that loan
>>>> for my expenses.. well that generates a debt and isn't taxable.
>>>>
>>>> Yet they have millions to spend.
>>>>
>>>> Then they get to use the interest on that loan as a deduction in the
>>>> future taxable income. When they get income that would be taxable..
>>>> they simply dump it into repayment of their loan which makes
>>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>>
>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>> Because the rich use the rules to exclude their money and any
>>>> generation of wealth from being taxable income.
>>>>
>>>> Further they pay a fix fee each year to cover all their legal issues
>>>> so if the IRS or anyone else comes after them. they get to talk to
>>>> the lawyers endlessly because it doesn't cost the rich person one
>>>> extra cent for running the IRS through court and motions and such
>>>> like until the cows come home.. and end the end.. they will probably
>>>> find out there was no taxable income anyway.
>>>>
>>>>
>>>>
>>>>
>>>>
>>> Yet Google sez: "The top 10 percent of earners bore responsibility for
>>> 76 percent of all income taxes paid, and the top 25 percent paid 89
>>> percent of all income taxes. Altogether, the top 50 percent of filers
>>> earned 90 percent of all income and were responsible for 98 percent of
>>> all income taxes paid in 2021."
>>>
>>
>> The rich SHOULD be the ones paying the taxes. When income taxes were
>> first enacted, they applied ONLY to the rich.
>
> Yep and now we are all among "the rich".

And the conservative mantra is "tax the poor"
=========
Sen. Rick Scott (R-Fla.), the head of the National Republican Senatorial Committee,
released an �11-point plan to rescue America� that included a proposal for all
Americans to pay some form of income tax, even if it was a nominal amount.

https://rescueamerica.com/11-point-plan/

============

and BTW, the Repugs are lining their own pockets with those tax breaks

https://www.vox.com/policy-and-politics/2020/1/24/21078559/republicans-tax-cuts-
congress-profits

On 5/9/2024 10:59 AM, Baxter wrote:
> "Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in news:v1icoj$koo3$4@dont-
> email.me:
>
>>
>>
>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>> news:v1glnl$5bd7$1@dont-email.me...
>>> Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:
>>>
>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>
>>>>>
>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>
>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>> wrote:
>>>>>>>>
>>>>>>
>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>> after the uber rich.
>>>>>>>>
>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>> advantage of.
>>>>>>>>
>>>>>>>
>>>>>> And you're wrong - it takes manpower and court time to collect from
>>>>>> the uber rich.
>>>>>
>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>> they really don't...
>>>>>
>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>> was we couldn't laugh at the auditor.
>>>>>
>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>> and finding out that the majority of the family income was deemed
>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>
>>>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>>>> paying unnecessary income tax.
>>>>>
>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>> tax because they have little to no taxable income... despite how much
>>>>> they might make on paper.
>>>>>
>>>>>
>>>>> For example. Say I own a large block of stock in a major company..
>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>> becomes taxable.
>>>>>
>>>>> HOWEVER if I use that stock as security for a loan and use that loan
>>>>> for my expenses.. well that generates a debt and isn't taxable.
>>>>>
>>>>> Yet they have millions to spend.
>>>>>
>>>>> Then they get to use the interest on that loan as a deduction in the
>>>>> future taxable income. When they get income that would be taxable..
>>>>> they simply dump it into repayment of their loan which makes
>>>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>>>
>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>> Because the rich use the rules to exclude their money and any
>>>>> generation of wealth from being taxable income.
>>>>>
>>>>> Further they pay a fix fee each year to cover all their legal issues
>>>>> so if the IRS or anyone else comes after them. they get to talk to
>>>>> the lawyers endlessly because it doesn't cost the rich person one
>>>>> extra cent for running the IRS through court and motions and such
>>>>> like until the cows come home.. and end the end.. they will probably
>>>>> find out there was no taxable income anyway.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>> Yet Google sez: "The top 10 percent of earners bore responsibility for
>>>> 76 percent of all income taxes paid, and the top 25 percent paid 89
>>>> percent of all income taxes. Altogether, the top 50 percent of filers
>>>> earned 90 percent of all income and were responsible for 98 percent of
>>>> all income taxes paid in 2021."
>>>>
>>>
>>> The rich SHOULD be the ones paying the taxes. When income taxes were
>>> first enacted, they applied ONLY to the rich.
>>
>> Yep and now we are all among "the rich".
>
> And the conservative mantra is "tax the poor"
> =========
> Sen. Rick Scott (R-Fla.), the head of the National Republican Senatorial Committee,
> released an “11-point plan to rescue America” that included a proposal for all
> Americans to pay some form of income tax, even if it was a nominal amount.
>
> https://rescueamerica.com/11-point-plan/
>
> ============
>
> and BTW, the Repugs are lining their own pockets with those tax breaks
>
> https://www.vox.com/policy-and-politics/2020/1/24/21078559/republicans-tax-cuts-
> congress-profits
>

Tell us why most billionaires support democrats.

"Baxter" <bax02_spamblock@baxcode.com> wrote in message
news:v1ioc3$ncl2$1@dont-email.me...
> "Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in
> news:v1icoj$koo3$4@dont-
> email.me:
>
>>
>>
>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>> news:v1glnl$5bd7$1@dont-email.me...
>>> Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:
>>>
>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>
>>>>>
>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>
>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>> wrote:
>>>>>>>>
>>>>>>
>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>> after the uber rich.
>>>>>>>>
>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>> advantage of.
>>>>>>>>
>>>>>>>
>>>>>> And you're wrong - it takes manpower and court time to collect from
>>>>>> the uber rich.
>>>>>
>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>> they really don't...
>>>>>
>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>> was we couldn't laugh at the auditor.
>>>>>
>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>> and finding out that the majority of the family income was deemed
>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>
>>>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>>>> paying unnecessary income tax.
>>>>>
>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>> tax because they have little to no taxable income... despite how much
>>>>> they might make on paper.
>>>>>
>>>>>
>>>>> For example. Say I own a large block of stock in a major company..
>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>> becomes taxable.
>>>>>
>>>>> HOWEVER if I use that stock as security for a loan and use that loan
>>>>> for my expenses.. well that generates a debt and isn't taxable.
>>>>>
>>>>> Yet they have millions to spend.
>>>>>
>>>>> Then they get to use the interest on that loan as a deduction in the
>>>>> future taxable income. When they get income that would be taxable..
>>>>> they simply dump it into repayment of their loan which makes
>>>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>>>
>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>> Because the rich use the rules to exclude their money and any
>>>>> generation of wealth from being taxable income.
>>>>>
>>>>> Further they pay a fix fee each year to cover all their legal issues
>>>>> so if the IRS or anyone else comes after them. they get to talk to
>>>>> the lawyers endlessly because it doesn't cost the rich person one
>>>>> extra cent for running the IRS through court and motions and such
>>>>> like until the cows come home.. and end the end.. they will probably
>>>>> find out there was no taxable income anyway.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>> Yet Google sez: "The top 10 percent of earners bore responsibility for
>>>> 76 percent of all income taxes paid, and the top 25 percent paid 89
>>>> percent of all income taxes. Altogether, the top 50 percent of filers
>>>> earned 90 percent of all income and were responsible for 98 percent of
>>>> all income taxes paid in 2021."
>>>>
>>>
>>> The rich SHOULD be the ones paying the taxes. When income taxes were
>>> first enacted, they applied ONLY to the rich.
>>
>> Yep and now we are all among "the rich".
>
> And the conservative mantra is "tax the poor"

And faced with irrefutable fact and logic.. he resorts to lying.

On Thu, 9 May 2024 12:19:26 -0400, "Scout"
<me4guns@verizon.removeme.this2.nospam.net> wrote:

>
>
>"Baxter" <bax02_spamblock@baxcode.com> wrote in message
>news:v1ioc3$ncl2$1@dont-email.me...
>> "Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in
>> news:v1icoj$koo3$4@dont-
>> email.me:
>>
>>>
>>>
>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>> news:v1glnl$5bd7$1@dont-email.me...
>>>> Frank <"frank "@frank.net> wrote in news:v1gbqr$2vqn$1@dont-email.me:
>>>>
>>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>>
>>>>>>
>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>>
>>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>
>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>>> after the uber rich.
>>>>>>>>>
>>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>>> advantage of.
>>>>>>>>>
>>>>>>>>
>>>>>>> And you're wrong - it takes manpower and court time to collect from
>>>>>>> the uber rich.
>>>>>>
>>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>>> they really don't...
>>>>>>
>>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>>> was we couldn't laugh at the auditor.
>>>>>>
>>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>>> and finding out that the majority of the family income was deemed
>>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>>
>>>>>> She ran a tax service and knew the tax code loopholes on how to avoid
>>>>>> paying unnecessary income tax.
>>>>>>
>>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>>> tax because they have little to no taxable income... despite how much
>>>>>> they might make on paper.
>>>>>>
>>>>>>
>>>>>> For example. Say I own a large block of stock in a major company..
>>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>>> becomes taxable.
>>>>>>
>>>>>> HOWEVER if I use that stock as security for a loan and use that loan
>>>>>> for my expenses.. well that generates a debt and isn't taxable.
>>>>>>
>>>>>> Yet they have millions to spend.
>>>>>>
>>>>>> Then they get to use the interest on that loan as a deduction in the
>>>>>> future taxable income. When they get income that would be taxable..
>>>>>> they simply dump it into repayment of their loan which makes
>>>>>> reduces/eliminates your 'income' and again you pay no taxes.
>>>>>>
>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>>> Because the rich use the rules to exclude their money and any
>>>>>> generation of wealth from being taxable income.
>>>>>>
>>>>>> Further they pay a fix fee each year to cover all their legal issues
>>>>>> so if the IRS or anyone else comes after them. they get to talk to
>>>>>> the lawyers endlessly because it doesn't cost the rich person one
>>>>>> extra cent for running the IRS through court and motions and such
>>>>>> like until the cows come home.. and end the end.. they will probably
>>>>>> find out there was no taxable income anyway.
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility for
>>>>> 76 percent of all income taxes paid, and the top 25 percent paid 89
>>>>> percent of all income taxes. Altogether, the top 50 percent of filers
>>>>> earned 90 percent of all income and were responsible for 98 percent of
>>>>> all income taxes paid in 2021."
>>>>>
>>>>
>>>> The rich SHOULD be the ones paying the taxes. When income taxes were
>>>> first enacted, they applied ONLY to the rich.
>>>
>>> Yep and now we are all among "the rich".
>>
>> And the conservative mantra is "tax the poor"
>
>And faced with irrefutable fact and logic.. he resorts to lying.
>

Leftists have to lie. The truth is detrimental to their agenda.

On Tue, 7 May 2024 02:55:44 -0000 (UTC), pothead <pothead@snakebite.com> wrote:

>On 2024-05-07, Baxter <bax02_spamblock@baxcode.com> wrote:
>> Frank <"frank "@frank.net> wrote in news:v1bnj5$2r2l3$1@dont-email.me:
>>
>>> On 5/6/2024 4:04 PM, Baxter wrote:
>>>> Frank <"frank "@frank.net> wrote in
>>>> news:v1b90p$2njqv$2@dont-email.me:
>>>>
>>>>> On 5/6/2024 12:18 PM, Paul Szypula wrote:
>>>>>> Fact!
>>>>>
>>>>> So what? I paid more taxes on my pension one year than the company
>>>>> I retired from did that year. That was before Trump cut business
>>>>> taxes as the company was losing money in the US and profiting abroad
>>>>> where tax was less.
>>>>
>>>> That "losing money" in the US is "creative" bookkeeping.
>>>
>>> That is what big international companies do. When Trump lowered
>>> business taxes the US actually collected more tax revenue. Otherwise
>>> Ireland may have gotten it.
>>>
>>
>> No, they didn't. And tRump hamstrung the IRS so that it couldn't go after
>> the rich scofflaws.
>
>The IRS gets far more collections, in total, from the average taxpayer than they do from the uber
>rich.
>
>Why?
>
>The uber rich have lawyers, accountants and so forth on the payroll to tie things up in court.
>The average shmo does not.

Not quite. The Uber rich have spent a fortune purchasing Senators and Reps to craft
special little tax laws they can use to dodge taxes. Stuff Joe Schmoe can't use. If you
own rental real estate, you can depreciate anything on that patch of land. Let's see Joe
Schmoe try to depreciate his house and see what IRS thinks about that.

Swill
--
Trump cites FBI stats to prove crime going down, 2019
<https://www.brennancenter.org/our-work/analysis-opinion/crime-down-does-president-trump-deserve-credit>

Trump dismisses FBI stats that prove crime is going down, 2024

<https://people.com/fact-check-trump-false-claims-crime-rates-8624660>

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Tue, 7 May 2024 21:47:12 -0000 (UTC), pothead <pothead@snakebite.com> wrote:

>On 2024-05-07, Baxter <bax02_spamblock@baxcode.com> wrote:
>> pothead <pothead@snakebite.com> wrote in
>> news:v1c57g$31fb0$1@dont-email.me:
>>
>>> On 2024-05-07, Baxter <bax02_spamblock@baxcode.com> wrote:
>>>> Frank <"frank "@frank.net> wrote in
>>>> news:v1bnj5$2r2l3$1@dont-email.me:
>>>>
>>>>> On 5/6/2024 4:04 PM, Baxter wrote:
>>>>>> Frank <"frank "@frank.net> wrote in
>>>>>> news:v1b90p$2njqv$2@dont-email.me:
>>>>>>
>>>>>>> On 5/6/2024 12:18 PM, Paul Szypula wrote:
>>>>>>>> Fact!
>>>>>>>
>>>>>>> So what? I paid more taxes on my pension one year than the
>>>>>>> company I retired from did that year. That was before Trump cut
>>>>>>> business taxes as the company was losing money in the US and
>>>>>>> profiting abroad where tax was less.
>>>>>>
>>>>>> That "losing money" in the US is "creative" bookkeeping.
>>>>>
>>>>> That is what big international companies do. When Trump lowered
>>>>> business taxes the US actually collected more tax revenue.
>>>>> Otherwise Ireland may have gotten it.
>>>>>
>>>>
>>>> No, they didn't. And tRump hamstrung the IRS so that it couldn't go
>>>> after the rich scofflaws.
>>>
>>> The IRS gets far more collections, in total, from the average taxpayer
>>> than they do from the uber rich.
>>>
>>> Why?
>>>
>>> The uber rich have lawyers, accountants and so forth on the payroll to
>>> tie things up in court. The average shmo does not.
>>>
>>
>> And, until now, the IRS doesn't have the money/resources to go after the
>> uber rich.
>
>Traditionally the IRS goes after the low hanging fruit which is some middle class person doing
>their own taxes and maximizing business expenses or the like.
>However they always manage to go after a high profile person, aka Willy Nelson, at the beginning of
>the year to spread fear about cheating on taxes so the average idiot doesn't attempt it.
>
>The reason the mega rich lower their effective tax rate is because they can shield their wealth via
>many techniques which require lot's of money to use. The average middle class person doesn't have
>the funds to take advantage of these techniques.
>
>Personally, my solution to the unfair tax system is to start with closing the loopholes the wealthy
>take advantage of.

Then why do you support Trump? His TCJA in 2017 was a tax cut for the rich that forced
middle class families across the country to pay more in taxes. Even poor and working
class families saw their taxes go up.

Swill
--
Trump cites FBI stats to prove crime going down, 2019
<https://www.brennancenter.org/our-work/analysis-opinion/crime-down-does-president-trump-deserve-credit>

Trump dismisses FBI stats that prove crime is going down, 2024

<https://people.com/fact-check-trump-false-claims-crime-rates-8624660>

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Wed, 8 May 2024 18:40:07 -0400, Frank <"frank "@frank.net> wrote:

>On 5/8/2024 4:06 PM, Baxter wrote:
>> pothead <pothead@snakebite.com> wrote in
>> news:v1gkea$4vf2$3@dont-email.me:
>>
>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>> wrote:
>>>>
>>>>
>>>> "Frank" <"frank "@frank.net> wrote in message
>>>> news:v1gbqr$2vqn$1@dont-email.me...
>>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>>
>>>>>>
>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>>
>>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>
>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>>> after the uber rich.
>>>>>>>>>
>>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>>> advantage of.
>>>>>>>>>
>>>>>>>>
>>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>>> from the uber rich.
>>>>>>
>>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>>> they really don't...
>>>>>>
>>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>>> was we couldn't laugh at the auditor.
>>>>>>
>>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>>> and finding out that the majority of the family income was deemed
>>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>>
>>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>>> avoid paying unnecessary income tax.
>>>>>>
>>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>>> tax because they have little to no taxable income... despite how
>>>>>> much they might make on paper.
>>>>>>
>>>>>>
>>>>>> For example. Say I own a large block of stock in a major company..
>>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>>> becomes taxable.
>>>>>>
>>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>>> taxable.
>>>>>>
>>>>>> Yet they have millions to spend.
>>>>>>
>>>>>> Then they get to use the interest on that loan as a deduction in
>>>>>> the future taxable income. When they get income that would be
>>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>>>
>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>>> Because the rich use the rules to exclude their money and any
>>>>>> generation of wealth from being taxable income.
>>>>>>
>>>>>> Further they pay a fix fee each year to cover all their legal
>>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>>> person one extra cent for running the IRS through court and motions
>>>>>> and such like until the cows come home.. and end the end.. they
>>>>>> will probably find out there was no taxable income anyway.
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>>>> filers earned 90 percent of all income and were responsible for 98
>>>>> percent of all income taxes paid in 2021.
>>>>
>>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>>>> Which really isn't that much.
>>>>
>>>> Which I suppose you are going to classify as the "uber rich"?
>>>>
>>>> Otherwise, your comment has nothing to do with the topic at hand.
>>>>
>>>
>>> Which is why when politicians claim they are going to "tax the rich",
>>> it's important to qualify what "rich" means.
>>>
>> And Biden has done that - $400,000/year.
>>
>>
>
>Letting the Trump tax cuts expire will cost all those making less.

Not necessarily. Lots of folks saw their tax bills go up after those "cuts". When they
expire two things will happen. Lots of working and middle class will see their taxes drop
and revenues will increase.

Swill
--
Trump cites FBI stats to prove crime going down, 2019
<https://www.brennancenter.org/our-work/analysis-opinion/crime-down-does-president-trump-deserve-credit>

Trump dismisses FBI stats that prove crime is going down, 2024

<https://people.com/fact-check-trump-false-claims-crime-rates-8624660>

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Wed, 8 May 2024 15:44:30 -0700, jack murphy <jmurpht7@infinity.net> wrote:

>On 5/8/2024 3:40 PM, Frank wrote:
>> On 5/8/2024 4:06 PM, Baxter wrote:
>>> pothead <pothead@snakebite.com> wrote in
>>> news:v1gkea$4vf2$3@dont-email.me:
>>>
>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>> wrote:
>>>>>
>>>>>
>>>>> "Frank" <"frank "@frank.net> wrote in message
>>>>> news:v1gbqr$2vqn$1@dont-email.me...
>>>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>>>
>>>>>>>
>>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>>>
>>>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
>>>>>>>>> wrote:
>>>>>>>>>>
>>>>>>>>
>>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
>>>>>>>>>>> after the uber rich.
>>>>>>>>>>
>>>>>>>>>> Horse shit.... they have always had the resources to do so. The
>>>>>>>>>> problem is the tax code is written in a manner that allows the
>>>>>>>>>> rich to bypass most taxation which naturally they take full
>>>>>>>>>> advantage of.
>>>>>>>>>>
>>>>>>>>>
>>>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>>>> from the uber rich.
>>>>>>>
>>>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>>>> they really don't...
>>>>>>>
>>>>>>> See my mom was regularly audited so much we had rules, one of which
>>>>>>> was we couldn't laugh at the auditor.
>>>>>>>
>>>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
>>>>>>> and finding out that the majority of the family income was deemed
>>>>>>> legally non-taxable.. they finally reached the conclusion she had
>>>>>>> over paid by 4 cents due to cumulative rounding errors.
>>>>>>>
>>>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>>>> avoid paying unnecessary income tax.
>>>>>>>
>>>>>>> So, yea, most of the very rich pay very little to nothing in income
>>>>>>> tax because they have little to no taxable income... despite how
>>>>>>> much they might make on paper.
>>>>>>>
>>>>>>>
>>>>>>> For example. Say I own a large block of stock in a major company..
>>>>>>> now if I sell it to buy a house or such.. it counts as income and
>>>>>>> becomes taxable.
>>>>>>>
>>>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>>>> taxable.
>>>>>>>
>>>>>>> Yet they have millions to spend.
>>>>>>>
>>>>>>> Then they get to use the interest on that loan as a deduction in
>>>>>>> the future taxable income. When they get income that would be
>>>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
>>>>>>>
>>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
>>>>>>> Because the rich use the rules to exclude their money and any
>>>>>>> generation of wealth from being taxable income.
>>>>>>>
>>>>>>> Further they pay a fix fee each year to cover all their legal
>>>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>>>> person one extra cent for running the IRS through court and motions
>>>>>>> and such like until the cows come home.. and end the end.. they
>>>>>>> will probably find out there was no taxable income anyway.
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
>>>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
>>>>>> filers earned 90 percent of all income and were responsible for 98
>>>>>> percent of all income taxes paid in 2021.
>>>>>
>>>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
>>>>> Which really isn't that much.
>>>>>
>>>>> Which I suppose you are going to classify as the "uber rich"?
>>>>>
>>>>> Otherwise, your comment has nothing to do with the topic at hand.
>>>>>
>>>>
>>>> Which is why when politicians claim they are going to "tax the rich",
>>>> it's important to qualify what "rich" means.
>>>>
>>> And Biden has done that - $400,000/year.
>>>
>>>
>>
>> Letting the Trump tax cuts expire will cost all those making less.
>
>Don't forget, Biden robbed the average American 401k of 30% last year.
>

That didn't happen. In any case, Bush robbed them of much more.

Swill
--
Trump cites FBI stats to prove crime going down, 2019
<https://www.brennancenter.org/our-work/analysis-opinion/crime-down-does-president-trump-deserve-credit>

Trump dismisses FBI stats that prove crime is going down, 2024

<https://people.com/fact-check-trump-false-claims-crime-rates-8624660>

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Tue, 07 May 2024 22:25:37 -0400, Governor Swill <governor.swill@gmail.com> wrote:

>On Mon, 6 May 2024 19:03:01 -0400, Frank <"frank "@frank.net> wrote:
>
>>That is what big international companies do. When Trump lowered
>>business taxes the US actually collected more tax revenue. Otherwise
>>Ireland may have gotten it.
>
>Prove it.

I thought not.

Swill
--
Trump cites FBI stats to prove crime going down, 2019
<https://www.brennancenter.org/our-work/analysis-opinion/crime-down-does-president-trump-deserve-credit>

Trump dismisses FBI stats that prove crime is going down, 2024

<https://people.com/fact-check-trump-false-claims-crime-rates-8624660>

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

In article <4d6q3jlp40qu9md9t0khkt2v79m6fis84t@4ax.com>,
governor.swill@gmail.com says...
>
> On Tue, 7 May 2024 21:47:12 -0000 (UTC), pothead <pothead@snakebite.com> wrote:
>
> >On 2024-05-07, Baxter <bax02_spamblock@baxcode.com> wrote:
> >> pothead <pothead@snakebite.com> wrote in
> >> news:v1c57g$31fb0$1@dont-email.me:
> >>
> >>> On 2024-05-07, Baxter <bax02_spamblock@baxcode.com> wrote:
> >>>> Frank <"frank "@frank.net> wrote in
> >>>> news:v1bnj5$2r2l3$1@dont-email.me:
> >>>>
> >>>>> On 5/6/2024 4:04 PM, Baxter wrote:
> >>>>>> Frank <"frank "@frank.net> wrote in
> >>>>>> news:v1b90p$2njqv$2@dont-email.me:
> >>>>>>
> >>>>>>> On 5/6/2024 12:18 PM, Paul Szypula wrote:
> >>>>>>>> Fact!
> >>>>>>>
> >>>>>>> So what? I paid more taxes on my pension one year than the
> >>>>>>> company I retired from did that year. That was before Trump cut
> >>>>>>> business taxes as the company was losing money in the US and
> >>>>>>> profiting abroad where tax was less.
> >>>>>>
> >>>>>> That "losing money" in the US is "creative" bookkeeping.
> >>>>>
> >>>>> That is what big international companies do. When Trump lowered
> >>>>> business taxes the US actually collected more tax revenue.
> >>>>> Otherwise Ireland may have gotten it.
> >>>>>
> >>>>
> >>>> No, they didn't. And tRump hamstrung the IRS so that it couldn't go
> >>>> after the rich scofflaws.
> >>>
> >>> The IRS gets far more collections, in total, from the average taxpayer
> >>> than they do from the uber rich.
> >>>
> >>> Why?
> >>>
> >>> The uber rich have lawyers, accountants and so forth on the payroll to
> >>> tie things up in court. The average shmo does not.
> >>>
> >>
> >> And, until now, the IRS doesn't have the money/resources to go after the
> >> uber rich.
> >
> >Traditionally the IRS goes after the low hanging fruit which is some middle class person doing
> >their own taxes and maximizing business expenses or the like.
> >However they always manage to go after a high profile person, aka Willy Nelson, at the beginning of
> >the year to spread fear about cheating on taxes so the average idiot doesn't attempt it.
> >
> >The reason the mega rich lower their effective tax rate is because they can shield their wealth via
> >many techniques which require lot's of money to use. The average middle class person doesn't have
> >the funds to take advantage of these techniques.
> >
> >Personally, my solution to the unfair tax system is to start with closing the loopholes the wealthy
> >take advantage of.
>
> Then why do you support Trump? His TCJA in 2017 was a tax cut for the rich that forced
> middle class families across the country to pay more in taxes. Even poor and working
> class families saw their taxes go up.
>
> Swill

Yet nothing about inflation and prices today.

In article <917q3jlimc8elm2q6rnbvsehvvq1mojkrb@4ax.com>,
governor.swill@gmail.com says...
>
> On Tue, 07 May 2024 22:25:37 -0400, Governor Swill <governor.swill@gmail.com> wrote:
>
> >On Mon, 6 May 2024 19:03:01 -0400, Frank <"frank "@frank.net> wrote:
> >
> >>That is what big international companies do. When Trump lowered
> >>business taxes the US actually collected more tax revenue. Otherwise
> >>Ireland may have gotten it.
> >
> >Prove it.
>
> I thought not.
>
> Swill

Attention seeking noted.

In article <bm6q3j9vgva4s68pknc2a2lgcu2ph68fcs@4ax.com>,
governor.swill@gmail.com says...
>
> On Wed, 8 May 2024 15:44:30 -0700, jack murphy <jmurpht7@infinity.net> wrote:
>
> >On 5/8/2024 3:40 PM, Frank wrote:
> >> On 5/8/2024 4:06 PM, Baxter wrote:
> >>> pothead <pothead@snakebite.com> wrote in
> >>> news:v1gkea$4vf2$3@dont-email.me:
> >>>
> >>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
> >>>> wrote:
> >>>>>
> >>>>>
> >>>>> "Frank" <"frank "@frank.net> wrote in message
> >>>>> news:v1gbqr$2vqn$1@dont-email.me...
> >>>>>> On 5/8/2024 11:31 AM, Scout wrote:
> >>>>>>>
> >>>>>>>
> >>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
> >>>>>>> news:v1g32h$s58$3@dont-email.me...
> >>>>>>>> pothead <pothead@snakebite.com> wrote in
> >>>>>>>> news:v1frha$3un8u$4@dont-email.me:
> >>>>>>>>
> >>>>>>>>> On 2024-05-08, Scout <me4guns@verizon.removeme.this2.nospam.net>
> >>>>>>>>> wrote:
> >>>>>>>>>>
> >>>>>>>>
> >>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to go
> >>>>>>>>>>> after the uber rich.
> >>>>>>>>>>
> >>>>>>>>>> Horse shit.... they have always had the resources to do so. The
> >>>>>>>>>> problem is the tax code is written in a manner that allows the
> >>>>>>>>>> rich to bypass most taxation which naturally they take full
> >>>>>>>>>> advantage of.
> >>>>>>>>>>
> >>>>>>>>>
> >>>>>>>> And you're wrong - it takes manpower and court time to collect
> >>>>>>>> from the uber rich.
> >>>>>>>
> >>>>>>> Yea, and look at how much they stand to get by doing so... unless
> >>>>>>> they really don't...
> >>>>>>>
> >>>>>>> See my mom was regularly audited so much we had rules, one of which
> >>>>>>> was we couldn't laugh at the auditor.
> >>>>>>>
> >>>>>>> I remember the largest error she ever made.. after a 4.5 hour audit
> >>>>>>> and finding out that the majority of the family income was deemed
> >>>>>>> legally non-taxable.. they finally reached the conclusion she had
> >>>>>>> over paid by 4 cents due to cumulative rounding errors.
> >>>>>>>
> >>>>>>> She ran a tax service and knew the tax code loopholes on how to
> >>>>>>> avoid paying unnecessary income tax.
> >>>>>>>
> >>>>>>> So, yea, most of the very rich pay very little to nothing in income
> >>>>>>> tax because they have little to no taxable income... despite how
> >>>>>>> much they might make on paper.
> >>>>>>>
> >>>>>>>
> >>>>>>> For example. Say I own a large block of stock in a major company..
> >>>>>>> now if I sell it to buy a house or such.. it counts as income and
> >>>>>>> becomes taxable.
> >>>>>>>
> >>>>>>> HOWEVER if I use that stock as security for a loan and use that
> >>>>>>> loan for my expenses.. well that generates a debt and isn't
> >>>>>>> taxable.
> >>>>>>>
> >>>>>>> Yet they have millions to spend.
> >>>>>>>
> >>>>>>> Then they get to use the interest on that loan as a deduction in
> >>>>>>> the future taxable income. When they get income that would be
> >>>>>>> taxable.. they simply dump it into repayment of their loan which
> >>>>>>> makes reduces/eliminates your 'income' and again you pay no taxes.
> >>>>>>>
> >>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth it.
> >>>>>>> Because the rich use the rules to exclude their money and any
> >>>>>>> generation of wealth from being taxable income.
> >>>>>>>
> >>>>>>> Further they pay a fix fee each year to cover all their legal
> >>>>>>> issues so if the IRS or anyone else comes after them. they get to
> >>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
> >>>>>>> person one extra cent for running the IRS through court and motions
> >>>>>>> and such like until the cows come home.. and end the end.. they
> >>>>>>> will probably find out there was no taxable income anyway.
> >>>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
> >>>>>> for 76 percent of all income taxes paid, and the top 25 percent paid
> >>>>>> 89 percent of all income taxes. Altogether, the top 50 percent of
> >>>>>> filers earned 90 percent of all income and were responsible for 98
> >>>>>> percent of all income taxes paid in 2021.
> >>>>>
> >>>>> Yea, and you know who is in the top 10%.. Anything $173,176 or over.
> >>>>> Which really isn't that much.
> >>>>>
> >>>>> Which I suppose you are going to classify as the "uber rich"?
> >>>>>
> >>>>> Otherwise, your comment has nothing to do with the topic at hand.
> >>>>>
> >>>>
> >>>> Which is why when politicians claim they are going to "tax the rich",
> >>>> it's important to qualify what "rich" means.
> >>>>
> >>> And Biden has done that - $400,000/year.
> >>>
> >>>
> >>
> >> Letting the Trump tax cuts expire will cost all those making less.
> >
> >Don't forget, Biden robbed the average American 401k of 30% last year.
> >
>
> That didn't happen. In any case, Bush robbed them of much more.
>
> Swill

BUTWHATABOUT!

Frank <"frank "@frank.net> wrote in news:v1irbv$o1es$1@dont-email.me:

> On 5/9/2024 10:59 AM, Baxter wrote:
>> "Scout" <me4guns@verizon.removeme.this2.nospam.net> wrote in
>> news:v1icoj$koo3$4@dont- email.me:
>>
>>>
>>>
>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>> news:v1glnl$5bd7$1@dont-email.me...
>>>> Frank <"frank "@frank.net> wrote in
>>>> news:v1gbqr$2vqn$1@dont-email.me:
>>>>
>>>>> On 5/8/2024 11:31 AM, Scout wrote:
>>>>>>
>>>>>>
>>>>>> "Baxter" <bax02_spamblock@baxcode.com> wrote in message
>>>>>> news:v1g32h$s58$3@dont-email.me...
>>>>>>> pothead <pothead@snakebite.com> wrote in
>>>>>>> news:v1frha$3un8u$4@dont-email.me:
>>>>>>>
>>>>>>>> On 2024-05-08, Scout
>>>>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>>>>>>>>>
>>>>>>>
>>>>>>>>>> And, until now, the IRS doesn't have the money/resources to
>>>>>>>>>> go after the uber rich.
>>>>>>>>>
>>>>>>>>> Horse shit.... they have always had the resources to do so.
>>>>>>>>> The problem is the tax code is written in a manner that allows
>>>>>>>>> the rich to bypass most taxation which naturally they take
>>>>>>>>> full advantage of.
>>>>>>>>>
>>>>>>>>
>>>>>>> And you're wrong - it takes manpower and court time to collect
>>>>>>> from the uber rich.
>>>>>>
>>>>>> Yea, and look at how much they stand to get by doing so... unless
>>>>>> they really don't...
>>>>>>
>>>>>> See my mom was regularly audited so much we had rules, one of
>>>>>> which was we couldn't laugh at the auditor.
>>>>>>
>>>>>> I remember the largest error she ever made.. after a 4.5 hour
>>>>>> audit and finding out that the majority of the family income was
>>>>>> deemed legally non-taxable.. they finally reached the conclusion
>>>>>> she had over paid by 4 cents due to cumulative rounding errors.
>>>>>>
>>>>>> She ran a tax service and knew the tax code loopholes on how to
>>>>>> avoid paying unnecessary income tax.
>>>>>>
>>>>>> So, yea, most of the very rich pay very little to nothing in
>>>>>> income tax because they have little to no taxable income...
>>>>>> despite how much they might make on paper.
>>>>>>
>>>>>>
>>>>>> For example. Say I own a large block of stock in a major
>>>>>> company.. now if I sell it to buy a house or such.. it counts as
>>>>>> income and becomes taxable.
>>>>>>
>>>>>> HOWEVER if I use that stock as security for a loan and use that
>>>>>> loan for my expenses.. well that generates a debt and isn't
>>>>>> taxable.
>>>>>>
>>>>>> Yet they have millions to spend.
>>>>>>
>>>>>> Then they get to use the interest on that loan as a deduction in
>>>>>> the future taxable income. When they get income that would be
>>>>>> taxable.. they simply dump it into repayment of their loan which
>>>>>> makes reduces/eliminates your 'income' and again you pay no
>>>>>> taxes.
>>>>>>
>>>>>> Yea, the IRS doesn't go after the rich, because it's not worth
>>>>>> it. Because the rich use the rules to exclude their money and any
>>>>>> generation of wealth from being taxable income.
>>>>>>
>>>>>> Further they pay a fix fee each year to cover all their legal
>>>>>> issues so if the IRS or anyone else comes after them. they get to
>>>>>> talk to the lawyers endlessly because it doesn't cost the rich
>>>>>> person one extra cent for running the IRS through court and
>>>>>> motions and such like until the cows come home.. and end the
>>>>>> end.. they will probably find out there was no taxable income
>>>>>> anyway.
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>> Yet Google sez: "The top 10 percent of earners bore responsibility
>>>>> for 76 percent of all income taxes paid, and the top 25 percent
>>>>> paid 89 percent of all income taxes. Altogether, the top 50
>>>>> percent of filers earned 90 percent of all income and were
>>>>> responsible for 98 percent of all income taxes paid in 2021."
>>>>>
>>>>
>>>> The rich SHOULD be the ones paying the taxes. When income taxes
>>>> were first enacted, they applied ONLY to the rich.
>>>
>>> Yep and now we are all among "the rich".
>>
>> And the conservative mantra is "tax the poor"
>> =========
>> Sen. Rick Scott (R-Fla.), the head of the National Republican
>> Senatorial Committee, released an “11-point plan to rescue
>> America” that included a proposal for all Americans to pay some
>> form of income tax, even if it was a nominal amount.
>>
>> https://rescueamerica.com/11-point-plan/
>>
>> ============
>>
>> and BTW, the Repugs are lining their own pockets with those tax
>> breaks
>>
>> https://www.vox.com/policy-and-politics/2020/1/24/21078559/republicans
>> -tax-cuts- congress-profits
>>
>
> Tell us why most billionaires support democrats.
>
They don't. What ever gave you that idea?!

Blue Lives Matter <Iron_White@Systemic_Patrriotism.KMA> wrote in
news:3p3q3j91odmp80k77dk9cl9ssf3t521571@4ax.com:

> On Thu, 9 May 2024 12:19:26 -0400, "Scout"
> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>
>>
>>
>>"Baxter" <bax02_spamblock@baxcode.com> wrote in message

>>> And the conservative mantra is "tax the poor"
>>
>>And faced with irrefutable fact and logic.. he resorts to lying.
>>
>
> Leftists have to lie. The truth is detrimental to their agenda.
>

Nope.
============
Republicans� Response to Taxing the Rich? Tax the Poor.

GOP Sen. Rick Scott�s new plan would place a new tax on the bottom half
of income earners in the U.S.

https://truthout.org/articles/republicans-response-to-taxing-the-rich-
tax-the-poor/
==========

Why Republicans Love Taxing the Poor

https://nymag.com/intelligencer/2014/05/why-republicans-love-taxing-the-
poor.html

===========

And that Flat Tax bullshit is all about taxing the poor.