[compwiz02]

Originally Posted by ddrhazy

So you recognize that businesses are evading paying taxes. If I steal $10 from you, but give you $1 back, should you be happy?

That's the argument you've provided to accept tax evasion.

Evading taxes and getting tax cuts are two different things.

Donating to charity or contributing to a 401k plan, last time I checked, allows you to pay less in taxes. Just gotta put it down in your tax return. But you still pay taxes. It's the amount you pay that is lower than what others will pay.

Is there anything wrong with paying less in taxes? You basically get rewarded for contributing money.

I think what pisses a lot of middle class people off is the corporate tax and real estate tax. People investing in real estate and who own a business pay less tax because they own an asset. That house that you bought will provide housing for either yourself, someone you know, or somebody else. That business you own will provide jobs for other people. So you get rewarded for creating opportunity for others.

Correct me if I am wrong somewhere.

[jaysmith2000]

Originally Posted by Katie the heartbreaker

I do know and see what is going on. I recently posted about the man who cleans the building where I work. I had said how he told me he is saving $7,000 a year in taxes under Trump's tax cuts. He is not just a housekeeper. He owns the company and has multiple employees. He told me how he made $90,000 last year. In disbelief, not only did he not have to pay ANY taxes, he got $500 back!

As a business owner and a recovering accountant, I find this very hard to believe unless he is taking steps to defraud the government. Even business owners are often confused. He said he didn't pay anything in, but he would have to pay in quarterly taxes from the business, so I'm guessing he did but overpaid by $500. Every individuals situation is unique (to a certain extent), but I'm struggling with this scenario.

[Commander666]

Originally Posted by ddrhazy

Yeah. The 99% are just rolling around in Google stock.

That's right Bernie Boy. I will bet 99% of people with a retirement absolutely own GOOGL. You seem to be a big cheerleader for Vanguard. They just happen to be the largest holder of GOOGL. So, yes even a Bernie Boy owns GOOGL. HA HA HA

[Commander666]

I'm gonna vote for China Joe Biden. Anybody in their right mind must vote for the person that will cure cancer when elected.

[EA]

Originally Posted by jaysmith2000

As a business owner and a recovering accountant, I find this very hard to believe unless he is taking steps to defraud the government. Even business owners are often confused. He said he didn't pay anything in, but he would have to pay in quarterly taxes from the business, so I'm guessing he did but overpaid by $500. Every individuals situation is unique (to a certain extent), but I'm struggling with this scenario.

Quarterly taxes suck. So over it. At least there's a whole bunch of write offs to negate it.

[ddrhazy]

Originally Posted by compwiz02

Evading taxes and getting tax cuts are two different things.

Donating to charity or contributing to a 401k plan, last time I checked, allows you to pay less in taxes. Just gotta put it down in your tax return. But you still pay taxes. It's the amount you pay that is lower than what others will pay.

Is there anything wrong with paying less in taxes? You basically get rewarded for contributing money.

I think what pisses a lot of middle class people off is the corporate tax and real estate tax. People investing in real estate and who own a business pay less tax because they own an asset. That house that you bought will provide housing for either yourself, someone you know, or somebody else. That business you own will provide jobs for other people. So you get rewarded for creating opportunity for others.

Correct me if I am wrong somewhere.

Tax cut and a tax evasion are effectively the same thing. When you lobby for a tax cut and get said cut, those services that the taxes were slated to pay for still need to be paid for or need to be cut. Either way, it's just legalized theft.

And as far as your blurb about trickle down economics; Trickle down doesn't work. Companies have had record profits and it's not going to the workers. It's going to stock buy backs.

[ddrhazy]

Originally Posted by Commander666

That's right Bernie Boy. I will bet 99% of people with a retirement absolutely own GOOGL. You seem to be a big cheerleader for Vanguard. They just happen to be the largest holder of GOOGL. So, yes even a Bernie Boy owns GOOGL. HA HA HA

The flaw in your logic is that you assume many people own Vanguard index funds. Most don't.

[BBMW]

They legally avoid taxes. They follow the law, they just use it as much as possible to pay as little as possible. Most people do whatever they can to avoid taxes. Many people move to NV to avoid state taxes. There's nothing wrong with this.

Tax evasion, OTOH is illegal. Actively breaking the law to conceal income or otherwise illegally not pay taxes.

Originally Posted by ddrhazy

So you recognize that businesses are evading paying taxes. If I steal $10 from you, but give you $1 back, should you be happy?

That's the argument you've provided to accept tax evasion.

[EA]

LMMFAO. This dude really just said that avoiding paying taxes was theft.

HA HA HA HA HA HA HA HA HA HA HA.

Taxation is the only theft taking place.

[Commander666]

Originally Posted by ddrhazy

The flaw in your logic is that you assume many people own Vanguard index funds. Most don't.

Most people with a retirement fund of any kind own the big bad GOOGL. Even Bernie Boys.