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Believe me they make mistakes too. I know that from experience. I've been fined by the IRS because of a professional accountant's mistake. He did pay the fine but I had to pay the tax, which is OK.
I have been though two audits.....it was not a good time....but, not awful either.
I also hold back some depreciation...just in case.
The auditor showed me some accounting tricks I use every year now.
Good!! Maybe I can prick one of them to get off his/her butts and go to work. No one has to remain at the bottom of life's rung.
What, you think every poor person wants to be poor? You're so clueless. There's millions of kids who want to go to college, and they're smart, and they work their butt off in poor inner-city schools. But why are they stuck being poor because their parents didn't have tuition money, and the rich kids get to go party and snort at college instead?
What, you think every poor person wants to be poor? You're so clueless. There's millions of kids who want to go to college, and they're smart, and they work their butt off in poor inner-city schools. But why are they stuck being poor because their parents didn't have tuition money, and the rich kids get to go party and snort at college instead?
I agree. The rich kids' parents clawed their way up the ladder. Unless you inherit or win the lottery, most of us had to do it ourselves because our parents weren't wealthy. My Dad never earned more than minimum wage.
I agree. The rich kids' parents clawed their way up the ladder. Unless you inherit or win the lottery, most of us had to do it ourselves because our parents weren't wealthy. My Dad never earned more than minimum wage.
So why are you so bitter towards poor people? Don't you realize that a person is not always to blame for everything that happens to them?
What, you think every poor person wants to be poor? You're so clueless. There's millions of kids who want to go to college, and they're smart, and they work their butt off in poor inner-city schools. But why are they stuck being poor because their parents didn't have tuition money, and the rich kids get to go party and snort at college instead?
Every once in awhile a position opens in the city that doesn't require a degree or experience. It's a lower rung position. You would not believe how many people apply for those positions. Hundreds. And these people who are applying are poor yet here they are, applying for jobs, trying to bring in a good enough paycheck. That poster, he doesn't see that because he's sitting on his butt at home being a keyboard commando, listening to those numbskull gop pundits that spew lies so the uneducated will nod their heads in agreement & spread the same lies. Keep them stupid, the motto of the gop. Very easy to sway the uneducated.
The way the IRS looks at it....when the money invested was income at one time.....so the INCOME tax was already paid on it.
This encourages investors to "keep the money moving"....that is good for all of us.
I get that... but the income taxes were paid on the principal... anything earned from the investment of that principle is new income and should be taxed accordingly.....
Quote:
Originally Posted by the_human_being
HE IS PAYING HIS FAIR SHARE. CHEEZE!! His tax bracket is a whole lot higher than yours.
Based upon my earlier hypothetical, how do you figure the 4 million dollar man's tax bracket of 10% is higher than the 40K man's tax bracket of 20%??
I get that... but the income taxes were paid on the principal... anything earned from the investment of that principle is new income and should be taxed accordingly.....
Based upon my earlier hypothetical, how do you figure the 4 million dollar man's tax bracket of 10% is higher than the 40K man's tax bracket of 20%??
You know, I support your viewpoint and all, but I don't know of any situation where a man making $4M would pay only 10% taxes..
So why are you so bitter towards poor people? Don't you realize that a person is not always to blame for everything that happens to them?
I don't hate poor people. I used to be below the poverty level myself. I just refused to remain there.
Look, you seem to be a nice enough individual. I know you won't listen to me buy please at least read what I am telling you. There's absolutely no charge.
So you go to college and get a degree. How much did that degree end up costing you? How much debt did you incur?
For the most part unless you take accounting, law, become a physician, or something like that, the college trained you to become an employee of some company or corporation. You will probably be on a salary or salary plus commission for the rest of your life and answer to a supervisor or other management official.
Take the same money or less that you spent on that degree and go into business for yourself. You will work harder, put in longer hours, have more headache, and may not break even. You might even fail. You could however, become very wealthy.
I was never happy working for someone else myself.
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