XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: rod.speed.aaa@gmail.com   
      
   "Commander Kinsey"  wrote in message   
   news:op.z28imsizwdg98l@desktop-ga2mpl8.lan...   
   > On Tue, 11 Jun 2019 19:41:18 +0100, Rod Speed    
   > wrote:   
   >   
   >>   
   >>   
   >> "Commander Kinsey"  wrote in message   
   >> news:op.z28fvcgdwdg98l@desktop-ga2mpl8.lan...   
   >>> On Tue, 11 Jun 2019 18:35:47 +0100, Rod Speed    
   >>> wrote:   
   >>>   
   >>>>   
   >>>>   
   >>>> "devnull"  wrote in message   
   >>>> news:n_PLE.43682$T52.29836@fx35.iad...   
   >>>>> On 6/11/19 9:40 AM, Commander Kinsey wrote:   
   >>>>>>> And if you don't have the money stored in a tax-free IRA, you'll pay   
   >>>>>>> income tax on your losses.   
   >>>>>>   
   >>>>>> Dunno what an IRA is, but all ISAs are tax free AFAIK.   
   >>>>>>   
   >>>>>> Hang on, losses?  Surely you pay income tax on your income, not   
   >>>>>> losses.   
   >>>>>   
   >>>>>   
   >>>>> Yah, it's called "Republican taxpayer privilege".  The bank pays you   
   >>>>> 2%   
   >>>>> interest but inflation goes up 3%.   
   >>>>>   
   >>>>> Essentially you have less buying power at the end of the year and yet   
   >>>>> you   
   >>>>> still have to pay taxes on the 2% "gain".   
   >>>>>   
   >>>>> The democrats have lots of slick scams to take money from working   
   >>>>> taxpayers and give it to their lazy welfare constituents.   
   >>>>   
   >>>> And yet only half pay any income tax. Or are you saying that the Dems   
   >>>> are   
   >>>> so   
   >>>> clever that they have worked out how to make just Repugs pay income tax   
   >>>> ?   
   >>>   
   >>> Who cares about income tax?   
   >>   
   >> In all but the USA, it's the main tax most pay in the first   
   >> world. Only the unemployable dregs like you pay most   
   >> of the tax they pay in the VAT and fuel and sin taxes.   
   >>   
   >>> It's one of only 50 taxes.   
   >>   
   >> What matters is how much you pay in each one.   
   >   
   > VAT is 20%!  You will eventually spend all you earn,   
      
   Plenty of the better paid don't.   
      
   > so that's 20% which is significantly similar to the income tax rate.   
      
   Not with the better paid. Only the dregs of the labour market.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)