Collarspace Discussion Forums


Home  Login  Search 

RE: Born Rich


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> RE: Born Rich Page: <<   < prev  2 3 [4] 5 6   next >   >>
Login
Message << Older Topic   Newer Topic >>
RE: Born Rich - 9/24/2010 10:36:47 AM   
Archer


Posts: 3207
Joined: 3/11/2005
Status: offline 		In other news the sidetrack worked for a little while but now fails the money doesn't belong to the government it beliongs to the people who earn it.

They pay the taxes on it as they accumulated it and after that it should be theirs to do with as they please, be it $2 or $2 trillion.



(in reply to mnottertail)
Profile   Post #: 61
RE: Born Rich - 9/24/2010 10:39:17 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		fail.  nice sidetrack,  I disagree.   Nah, fuck it.  Let him keep it then,

Let's be clear on this point. The tax burdens those who inherit the wealth, not those who produced it; it is a tax on Paris Hilton, not Conrad Hilton. And it does not conflict with the values of hard work, entrepreneurship and thrift.

< Message edited by mnottertail -- 9/24/2010 10:45:37 AM >

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Archer)
Profile   Post #: 62
RE: Born Rich - 9/24/2010 10:46:42 AM   
Archer


Posts: 3207
Joined: 3/11/2005
Status: offline 		wow your definition of sidetrack includes bringing the subject back to the original point I made?????? 

(in reply to mnottertail)
Profile   Post #: 63
RE: Born Rich - 9/24/2010 10:54:58 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		you side tracked it with the paris hilton/joe the plumber crap. so now we are back on track, he can keep his money, take it to the fucking grave with him, if it leaves the house, government takes a share, either he spends it, or its allie allie in free. 

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Archer)
Profile   Post #: 64
RE: Born Rich - 9/24/2010 11:02:11 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Otter, that is a recipe for the total demise of small family owned businesses.

(in reply to mnottertail)
Profile   Post #: 65
RE: Born Rich - 9/24/2010 11:04:16 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		hold the phone dad, I said if it leaves the house.  A SMALL FAMILY OWNED BUSINESS is by its very nature in the same house. 

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 66
RE: Born Rich - 9/24/2010 11:22:27 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Not necessarily.  I own aq small business.  If I die and want to give it to someone, that is an estate and subject to taxes (building, office equipment, etc) but if the tax is 100%, then those employees are out of work because of the confiscation.

(in reply to mnottertail)
Profile   Post #: 67
RE: Born Rich - 9/24/2010 11:28:41 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		But that isnt what you said originally, now.  I also own a small business, and I am a LLC, not subchapter S, I die its all open, as opposed to a small FAMILY owned which is what you said..............they get a pass, because it is still in the business, and I believe that is the law today, and will remain so......... 

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 68
RE: Born Rich - 9/24/2010 1:09:52 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Ok, I'll buy that, but at what level does the "Govt takes it all" kick in.  I mean if I had a bunch of cash that was subject to be confiscated after my death, I could just pay off the mortgage on the building with it and then will the building to my heirs.  As I understand what you were saying earlier, the cash could be taken but, in this case, wouldnt the govt take the building?

A business is nothing but the tangible (buildings, equipment, cash reserves, etc) and the intangible (goodwill) assets.  If the tangible assets are taken as a "death tax", what is the sense of having the intangible?  You cant do business out of a tent. (At least I cant)

(in reply to mnottertail)
Profile   Post #: 69
RE: Born Rich - 9/24/2010 1:31:22 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		I don't know that level, however; the government never did, nor never will 'take it all'.

My idea is that if you have a FAMILY business, that is, you and yours are in it, and you croak, pay off the building with the cash that you would have needed to suck soup had you not cakked, and the asset distributed to the rest of the working family/partners....cool.

The problem being in my mind, if you sold your company, stuck your money in the bank instead of working it, then want to pass it on to your family to sit on, well here is the biggest reason why not:

I have to work for my living, I have to make my money, I have to live on it, and I have to be productive.

Out of that you want to jack up and sell me 4 and 5 dollar gas leading to windfall profits, you want a disproportionate share of tax hideouts, sell me shoddy merchandise,give your CEOS outlandish bonuses while raising prices, hiding money and tapping my wallet, then when the shit hits the fan and you go on the downside and I bail you out ......and I ain't got no more to give and you decide that you should pick up stakes and go cheaper, as well as sitting on a pile of money that was given you to work in the economy (that was the tax break) all the while as a corp sitting on a fucking pile of money and not doing a fucking thing for the engine of the economy, and I gotta consume to be a good american  and I gotta cash in my 401(k) at penalty to survive, I would say we are looking at the same fucking deal, you took the deal, you didn't do the bit, you pay a penalty.

I have made it clear, small business and privately held corporations are a different breed of cat than large business and stock held corporations.

There should be a better cutoff than the mill or whatever it is to target the fuckweasels, but thats where we are.

And Paris and Barron do not fit into small family run business.  He made his money the old fashioned way, he sued the family and the foundation for it.  He used the law, and now the law uses him, who should cry?    Not Paris.     

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 70
RE: Born Rich - 9/24/2010 2:07:19 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		I HOPE you're right on that first sentence where you said the Govt never will "Take it all".  It's just that with some estate planning, I can die with about zero cash or liquid assets and still have a fairly decent estate for whoever (sink it into land, rental property, etc).  If they, then, convert it to cash or other liquid assets......................

(in reply to mnottertail)
Profile   Post #: 71
RE: Born Rich - 9/24/2010 2:07:55 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		always a loophole.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 72
RE: Born Rich - 9/24/2010 2:12:47 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		We can agree on that one

(in reply to mnottertail)
Profile   Post #: 73
RE: Born Rich - 9/24/2010 2:19:23 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: servantforuse

That amount of money that you earn is taxed over and over again. They tax it on pay day. They tax the interest on any amount saved. If you invest for retirement, they tax the dividends you earn. If you get Social Security, you are taxed once again on money that was confiscated from you.


None of which taxes the same money twice.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to servantforuse)
Profile   Post #: 74
RE: Born Rich - 9/24/2010 2:25:04 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline
quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: servantforuse

That amount of money that you earn is taxed over and over again. They tax it on pay day. They tax the interest on any amount saved. If you invest for retirement, they tax the dividends you earn. If you get Social Security, you are taxed once again on money that was confiscated from you.


None of which taxes the same money twice.


OK, what about personal property tax for business owners.  When I buy a copier, I pay sales tax.  Then, every year, I get to pay another tax for the privelege of owning a copier as well as office furniture, computers, etc.  I call that a double tax.

I already paid sales tax on it when I bought it.  It has not increased in value.  Any money I make because I own it has already been taxed.


(in reply to willbeurdaddy)
Profile   Post #: 75
RE: Born Rich - 9/24/2010 2:26:56 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		I dont see that, you write off the sales tax and you get depreciation, right....further reducing your tax liability?  If not, the accountant needs to come from OUTSIDE the family, slave women cannot possibly do everything because they are slaves.

< Message edited by mnottertail -- 9/24/2010 2:28:14 PM >

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 76
RE: Born Rich - 9/24/2010 6:28:06 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Otter, that wasnt he point. The point I was making is taxing the same money twice. it is done a LOT. You seem to want it done more.

My office furniture is old enough till it is depreciated totally. guess what,, I STILL pay a personal property tax on it. Yes, i can deduct that from personal income tax but the point is both parties pay lip service to supporting the small businessman and it is totally bullshit.

(in reply to mnottertail)
Profile   Post #: 77
RE: Born Rich - 9/25/2010 6:41:57 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		That my friend is a far different proposition than where we were swimming.  I am a small business man, you are a small business man, and Archer is a small business man, and I don't think any of the three of us are gonna cavil about your last statement.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 78
RE: Born Rich - 9/25/2010 6:44:43 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		What, about the Dems and the Repubs BOTH being full of shit about their so called "support" for small business?

Maybe one of us misunderstood.

(in reply to mnottertail)
Profile   Post #: 79
RE: Born Rich - 9/25/2010 6:46:03 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		Yes, there is no cavil at that point.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Hillwilliam)
Profile   Post #: 80
Page:   <<   < prev  2 3 [4] 5 6   next >   >>
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> RE: Born Rich Page: <<   < prev  2 3 [4] 5 6   next >   >>
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.188