"Skeeter" <skeeterweed@photonmail.com> wrote in message
news:66451770$1$3711205$882e4bbb@reader.netnews.com...
> In article <XnsB172D7EED96F0629555@185.151.15.190>, noemail@aol.com
> says...
>>
>> Skeeter <skeeterweed@photonmail.com> wrote in
>> news:6643c6af$0$3711196$882e4bbb@reader.netnews.com:
>>
>> > In article <XnsB172867C8C708629555@185.151.15.160>, noemail@aol.com
>> > says...
>> >>
>> >> Yak <yak@inbox.com> wrote in news:v1vv0t$6l2l$2@dont-email.me:
>> >>
>> >> > On 5/14/2024 11:02 AM, Baxter wrote:
>> >> >> Yak <yak@inbox.com> wrote in news:v1vml7$5qr6$2@dont-email.me:
>> >> >>
>> >> >>> On 5/13/2024 6:52 PM, Baxter wrote:
>> >> >>>> Skeeter <skeeterweed@photonmail.com> wrote in
>> >> >>>> news:66428aac$0$2363145$882e4bbb@reader.netnews.com:
>> >> >>>>
>> >> >>>>> In article <6642836f$0$6559$882e4bbb@reader.netnews.com>,
>> >> >>>>> "Charlie Glock"@localhost.com says...
>> >> >>>>>>
>> >> >>>>>> On 2024-05-13, Scout
>> >> >>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>> >> >>>>>>>
>> >> >>>>>>>
>> >> >>>>>>> "Yak" <yak@inbox.com> wrote in message
>> >> >>>>>>> news:v1o9ok$24n0i$1@dont-email.me...
>> >> >>>>>>>> On 5/11/2024 8:05 AM, Scout wrote:
>> >> >>>>>>>>>
>> >> >>>>>>>>>
>> >> >>>>>>>>> "Ford Prefect" <hhgttg@galaxy.com> wrote in message
>> >> >>>>>>>>> news:v1m2r4$1hjhg$3@dont-email.me...
>> >> >>>>>>>>>> On 5/10/2024 5:02 PM, spaminator wrote:
>> >> >>>>>>>>>>> Ford Prefect <hhgttg@galaxy.com> wrote:
>> >> >>>>>>>>>>>
>> >> >>>>>>>>>>>> This one again?
>> >> >>>>>>>>>>>>
>> >> >>>>>>>>>>>> Let's assume what the CBO says is correct (you can't
>> >> >>>>>>>>>>>> because it doesn't
>> >> >>>>>>>>>>>> account for the increased tax receipts that occur under
>> >> >>>>>>>>>>>> tax cuts), the IRS would have collected $4.6 billion per
>> >> >>>>>>>>>>>> year (4.6B/year * 10 years = 4.6T).
>> >> >>>>>>>>>>>
>> >> >>>>>>>>>>> ROFL. Your arithmetic skills are broke. Back to 3rd grade
>> >> >>>>>>>>>>> for you.
>> >> >>>>>>>>>>
>> >> >>>>>>>>>> What's broke? Or were you educated at a public school?
>> >> >>>>>>>>>
>> >> >>>>>>>>> 4.6B/year * 10 years = 46B
>> >> >>>>>>>>>
>> >> >>>>>>>>> On the other hand, lets point out that difference is
>> >> >>>>>>>>> irrelevant given the sort of deficits the government is,
>> >> >>>>>>>>> has, and will continue to produce.
>> >> >>>>>>>>>
>> >> >>>>>>>>> We need to eliminate the power of government to add or
>> >> >>>>>>>>> increase any taxes.
>> >> >>>>>>>>>
>> >> >>>>>>>>> They get 15% of the GDP (federal, state and local) and they
>> >> have
>> >> >>>>>>>>> to live within their means like everyone else.
>> >> >>>>>>>>>
>> >> >>>>>>>>> Currently that would allow all levels of government to
>> >> >>>>>>>>> spend $3.81 Trillion.
>> >> >>>>>>>>>
>> >> >>>>>>>>> Another 5% would be applied directly to paying down the
>> >> existing
>> >> >>>>>>>>> state and national debts (and would not apply to new debt)
>> >> >>>>>>>>>
>> >> >>>>>>>>> The FIRST budgetary item would be to pay the interest on
>> >> >>>>>>>>> any
>> >> new
>> >> >>>>>>>>> debt and paying off 5% of the principle of such debt.
>> >> >>>>>>>>>
>> >> >>>>>>>>> The Secondary budget item would be to service of any bonds
>> >> >>>>>>>>> sold to the public to finance large government projects.
>> >> >>>>>>>>>
>> >> >>>>>>>>> The FINAL budget item would be pay for the elected
>> >> >>>>>>>>> officials.
>> >> >>>>>>>>>
>> >> >>>>>>>>> In short, if the government is going into debt.. they don't
>> >> >>>>>>>>> get paid.
>> >> >>>>>>>>>
>> >> >>>>>>>>> Further they are prohibited from having any other sources
>> >> >>>>>>>>> of income.
>> >> >>>>>>>>
>> >> >>>>>>>> Let's take it even another step further. According to the
>> >> >>>>>>>> CBO
>> >> the
>> >> >>>>>>>> total deficts from the beginning of the Trump tax cuts, and
>> >> >>>>>>>> extending them through 2033, is about $31 trillion. Subtract
>> >> >>>>>>>> the $4.6 trillion Trump tax cuts and you still have $26.4
>> >> >>>>>>>> trillion.
>> >> Am
>> >> >>>>>>>> I supposed to feel better about this? Especially
>> >> >>>>>>>> considering, as Ford correctly noted, even if the govt
>> >> >>>>>>>> collected it they would spend it anyway.
>> >> >>>>>>>
>> >> >>>>>>> As I said limit government spending to a percentage of the
>> >> >>>>>>> GDP.
>> >> If
>> >> >>>>>>> officials exceed those limits there are consequences.
>> >> >>>>>>>
>> >> >>>>>>
>> >> >>>>>> Both parties spend like drunken sailors and it needs to stop.
>> >> >>>>>> My issue is more of a what are they spending my tax dollars
>> >> >>>>>> on? Are these bills productive or are millions of dollars set
>> >> >>>>>> aside to
>> >> study
>> >> >>>>>> how chickens mate?
>> >> >>>>
>> >> >>>> In the 50's and 60's we taxed the rich to pay for out spending.
>> >> >>>> We
>> >> >> can
>> >> >>>> do it again..
>> >> >>>
>> >> >>> The rich are already taxed.
>> >> >>>
>> >> >> Many of the rich don't pay any taxes.
>> >> >
>> >> > Many of the non-rich don't either.
>> >> >
>> >> u cab find a legalloophole then use it.
>> >>
>> >> Are you proud of paying more in taxes
>> >> than billionaire Trump?
>> >
>> > Really? You are scraping bottom.
>> >
>>
>>
>> Trump went for years without
>> paying any taxes. Did you ever do
>> that?
>
> Who cares? Different rules. If you find a legal loophole then use it.

Or even if it isn't a loophole. The tax code is filled with ways that
people, even ordinary people, can reduce their taxable income by making some
minor changes.