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it was debated behind closed doors...with only parts leaked
the ACA is a disaster, that is killing America.... But you already knew that
it's funny both Donna and I have provided non-partisan links to show facts to support our argument that prove you to in fact be incorrect regarding ACA. Yet each time you ignore them and continue on spouting off nonsense with no support of your own. Yet somehow we're supposed to trust you this time on taxes?
Warren Buffet has his companies support his lifestyle, for example, they pay most of his security expenses and travel.
Its easy to convince everyone you have a modest lifestyle when others pickup your tab..
you come on every post about taxes and spout Warren Buffet as an example as if it's the only one. Please explain how this model works for GS, do you think the GS board really plans its strategy on how it will effect Lloyd's lifestyle? How does this work got GE, AAPL, MSFT? Please let's take this model out further.
Bottom line is you dont comprehend the difference between income and wealth.
rubbish you twist and turn, you change your position and shift your argument time and time again.
the facts are very very simple.
those with high incomes above 500k a year will do very well from this.
those with large estates will do very very well.
those with wealth will be able to convert much of their income to avail of much lower tax rates.
those who do a great jobs of avoiding taxation altogether will no longer have to pay AMT~!!~
Pass through, AMT, estate, corp 20%, will make it much easier for the rich and powerful to avoid any and all taxation.
what is more you know this is true but instead just admitting it you ignore these facts.
meanwhile virtually every deduction out there is being stripped away from the middle classes making the new standard deduction a damn joke.
this is one of the biggest rip offs in American history. Well after the fact when it is all revealed and fully exposed by IRS tax returns You lot will claim it was unintentional and that the "lawyers" did this.
rubbish you twist and turn, you change your position and shift your argument time and time again.
that's why you never should never bother to read any of pghquest's posts. he wants to "win the argument" at all costs, regardless of reality.
dude just told me i don't know the difference between income and wealth, after i've said consistently for the past 10 years that there's a big difference in income and wealth.
in previous discussions he's argued that wealth "Cannot be taxed" because the "ultra rich" are too smart and will avoid it, so we might as well not even try. It's a defeatist attitude. Dude doesn't want wealth to be taxed.
it averages out at 16% for the very few people who are ever even hit with it. We started our estate planning around 2000 maybe 2002... even with the super low limits back then our tax attorney had us setup to avoid very paying it. with the new higher levels we have nothing to worry about ever.
the truth is most folk don't have too much trouble avoiding paying estate taxes...
you come on every post about taxes and spout Warren Buffet as an example as if it's the only one. Please explain how this model works for GS, do you think the GS board really plans its strategy on how it will effect Lloyd's lifestyle? How does this work got GE, AAPL, MSFT? Please let's take this model out further.
If you dont think every company models their way around the tax code, you're kidding yourself. if I recall, GE doesnt pay very much in taxes, AAPL offshores most of their work for a reason.. MSFT, you mean Bill Gates, who has donated most of his wealth to avoid taxes as well?
No one has a Billion a year in income.. I'm not really sure you understand how ridiculous your posting even was..
Reading comprehension?
First of all many hedge fund managers do have incomes of billion plus, and as you might or might not know they are not even taxed at the proper rate (this loop hole remains in the new proposal as far as I know). But that was not the point of my post anyway. 40% is the estate tax rate that is supposed to go to zero. What exactly is not clear?
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