XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: CFKinsey@military.org.jp   
      
   On Tue, 11 Jun 2019 20:44:20 +0100, Rod Speed  wrote:   
      
   >   
   >   
   > "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.   
      
   Nobody accumulates money forever.  If they don't spend it their descendants   
   will.   
      
   >> 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.   
      
   If you're poor, you pay a low rate, if you're rich, you bend the rules and pay   
   a low rate.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)