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Thread: Taxing wealth

  1. #40
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    Brian8383: you are the perfect drone, worshiping his master.

  2. #41
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    Quote Originally Posted by Brian GC View Post
    "Explain" all you want. I get my information from those with experience.

    As for actual experience, I have tons now on how major insurance companies send lawyers and witnesses into the courtroom to perjure themselves to win cases for the insurance company. Yes, I just went through it over the last three weeks and got raped. So your internet knowledge does not compare to mine. They are as rotten as they come. You should try it sometime and then comment on them.
    Well you hired a lawyer...so they brought in their own... Yours shoots high....so the insurance lawyers shoot low.. eventually a settlement is reached or you have a trial...My suggestion is to take something decent and roll with it.



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  3. #42
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    You are correct on all three counts.

    Right Some years ago I bought a house. The PITI mortgage payment was $738. per month. Because I was "buying" the house, right ?

    I still 'own' that house. And although that mortgage is long since paid off - I now pay over $900. per month - to the town for property taxes.

    Seems to me that I bought a house and busted my ass to pay for it so the town could subsequently rent it to me forever. And; I have to maintain it for them besides!

    PHM
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    Quote Originally Posted by gustavhorna View Post
    Capitalism you dream of doesn't exist. You live in meudalism and brain washing since primary school lets you believe that everything is just fine. It is a perfect system, when slaves believe to be free LOL.
    PHM
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    The conventional view serves to protect us from the painful job of thinking.

  4. #43
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    Quote Originally Posted by Poodle Head Mikey View Post
    You are correct on all three counts.

    Right Some years ago I bought a house. The PITI mortgage payment was $738. per month. Because I was "buying" the house, right ?

    I still 'own' that house. And although that mortgage is long since paid off - I now pay over $900. per month - to the town for property taxes.

    Seems to me that I bought a house and busted my ass to pay for it so the town could subsequently rent it to me forever. And; I have to maintain it for them besides!

    PHM
    ---------
    kind of.... but wait $900 per month, that's a bit high? I would expect the property "taxes" (aka home owner rip off) to be maybe around $1000 per year, but this amount per month? What town/region is that and what kind of house, some cocaine mansion maybe?

  5. #44
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    Quote Originally Posted by gustavhorna View Post
    A sound state must limit the private wealth growth to some reasonable amount. Everyone should be able to buy and own his house, his business and so on, just with the revenue from his work. But accumulating wealth over some reasonable amount is just insane. People owning $1 billion and so on....

    Unlimited accumulation of wealth by small number of individuals is the source of all evil on this planet.
    yea that’s what Bernie and Obama said , until they got rich.
    Go Trump

  6. #45
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    Quote Originally Posted by catmanacman View Post
    yea that’s what Bernie and Obama said , until they got rich.
    thats what they always do, no matter which wing, left or right... the only difference is just which lobby is being feed with money

  7. #46
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    BB Interesting original post, All it would take is a couple small changes in tax laws and they are there.

    The war on drugs, conterfiting and money laundering laws: Outside of your normal W2 statement, if you pay or get paid $600 or more per year you are required to submitt a 1099 for misc earned income. All banks are required to notify the IRS of transaction that are $10,000 or more. The banks were told if the see recurring transaction slightly less than the $10,000 they need to report that as well (I heard Obahma reduced it to $5000 but have not confirmed that).

    The government already tracks the changes in how much we owe on our homes, they know what our taxes and insurance is also, they know how much is in our 401k's and IRA's. Over the years I have had several audits (4) by the federal and state IRS agents (came out OK so far). But I sold some tools & equipment (purchased with my own after tax funds) and put the money it in my bank account. During the audit they said: Hey what are these larger deposits, sure looks like unreported income to us. Luckily I could produce the invoice for purchase and the invoice of the sale and a little arguing they let it go.

    Now all it word take is for the Government to begin collecting dollar number and cash flows from checking and saving accounts, give the IRS a new algorythm to monitor with, just think of all the unreported income tax and fine letters would be going out to the citizens. Most people don't keep the documentation to argue with the IRS. One thing my audits have imprinted on me: If you don't have the documentation to prove what you said in the IRS's eye you are lieing and a tax cheat

    Really kind of scary place we are in

  8. #47
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    Quote Originally Posted by garyed View Post
    I don't think there is anyone no matter how much I disliked their policies that I wouldn't vote for rather than Trump. If you thought that your only choice was between a self proclaimed Democratic Socialist & a Dictator then who would you choose?
    That was an accidental like..
    Gary..you do realize, that under the socialist government you are championing, you would be imprisoned for speaking about the current leader of said country, especially telling lies.
    I really thought you were smarter than this.

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  9. #48
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    Quote Originally Posted by Missouri Guy View Post
    Well you hired a lawyer...so they brought in their own... Yours shoots high....so the insurance lawyers shoot low.. eventually a settlement is reached or you have a trial...My suggestion is to take something decent and roll with it.
    I'd like to see you "roll with" what I just went through.

    Liberty Mutual, lawyers and our justice system are as disgusting as it gets.

    If you have not been there, you could not even fathom it. I pity the next lawyer that asks me for an estimate.

  10. #49
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    Quote Originally Posted by Answer-Man View Post
    Now all it word take is for the Government to begin collecting dollar number and cash flows from checking and saving accounts, give the IRS a new algorythm to monitor with, just think of all the unreported income tax and fine letters would be going out to the citizens. Most people don't keep the documentation to argue with the IRS. One thing my audits have imprinted on me: If you don't have the documentation to prove what you said in the IRS's eye you are lieing and a tax cheat

    Really kind of scary place we are in
    in your wonderful capitalism and land of free when you work, first you have to pay the IRS before you can ever buy a bread to eat... I really call this freedom!

  11. #50
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    Quote Originally Posted by BBeerme View Post
    If you think Trump is a dictator, then your question is not valid. I have not seen any signs that would qualify him for a dictator. In fact, just the opposite really. Seeing as how he has been removing regulation after regulation that our previous president put in place in order to intentionally knock America back a few steps.
    I admit that my impression of Trump may be wrong but that is my reasoning for my answer to your question. Just because you don't agree with my assessment of president Trump doesn't make my question to you invalid. I only asked "If you thought that your only choice was between a self proclaimed Democratic Socialist & a Dictator then who would you choose?" That has nothing to do with your opinion of Trump but only if there was an election between two people that you assessed that way. What I'm trying to show is that I don't think our goals & intentions are really that different but the difference is what we feel we need to do to achieve those goals.
    Gary
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    http://www.oceanhvac.com
    The best things in life are free but not everyone is willing to pay the price.

  12. #51
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    Quote Originally Posted by BBeerme View Post
    Here's a simple example of how a wealth tax would work. Imagine you have a chunk of money in the savings account for your retirement that is only earning 1% interest. Then Congress says your wealth tax is 2%, that essentially means you now have a negative interest rate on your savings.
    I can't believe anyone would go for a tax like that. It doesn't even make sense to me. I would think it has more to do with real property & income but nothing would surprise me with all these idiots running for president today.
    Gary
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    http://www.oceanhvac.com
    The best things in life are free but not everyone is willing to pay the price.

  13. #52
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    Quote Originally Posted by Brian8383 View Post
    They are always scheming and hiding who they are are. They never stop. It's always a game to strip individuals of the wealth and liberties.

    Gary, do you understand what taxing unrealized gains means? And the effect that will have? Do you have any idea what the death tax presently does to individuals and families and what raising those taxes would do? How anyone in their right mind can support these things..... I have no words. And these are the people running the Democrat party.

    Why people support liberals is beyond me. The left are masters of amassing power and control by exploiting human weakness. It's a sickness. On both sides.



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    I am totally against the death(estate) taxes but it usually doesn't hurt families other than bring out the greed within the family. There are times when assets have to be sold in order to pay taxes but i don't know how anyone can end up with less money than they started with because of the death tax. Getting less of an inheritance than you thought I wouldn't call too much a burden.
    Gary
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    http://www.oceanhvac.com
    The best things in life are free but not everyone is willing to pay the price.

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