"Mitchell Holman" <noemail@aol.com> wrote in message
news:XnsB173D42891061629555@185.151.15.160...
> Skeeter <skeeterweed@photonmail.com> wrote in 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.
>
>
> Exactly.

Yep, they make deals to improve cities, improve employment and such and in
return for their investment communities are sometimes willing to give them
tax breaks because the tax revenue from their project would be greater than
what they might get for taxing him.

I mean if you're going to bake a cake worth $100 from which I get 10% in
taxes... or I can tax you 10% on the $10 for the ingredients...

....Which would be the smarter play for a government to do?

>> If you find a legal loophole then use it.
>>
>
> What loopholes have YOU used
> to avoid having to pay to any income
> taxes?

Probably everyone he knows about and can use.

Maybe the problem isn't that people are reducing their taxable income.. .but
that you're too stupid to do the same.