XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: CFKinsey@military.org.jp   
      
   On Tue, 11 Jun 2019 21:52:26 +0100, Rod Speed  wrote:   
      
   >   
   >   
   > "Commander Kinsey"  wrote in message   
   > news:op.z28l88bywdg98l@desktop-ga2mpl8.lan...   
   >> 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.   
   >   
   > Plenty with a clue accumulate it till they stop working   
   > and plenty accumulate it and hand it on to their kids too.   
   >   
   >> If they don't spend it their descendants will.   
   >   
   > Plenty of their descendents arent stupid enough to spend it.   
      
   If what you were saying was true, there would be an ever increasing number of   
   people with huger and huger amounts of money.   
      
   >>>> 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,   
   >   
   > Yes, the dregs mostly do pay just VAT and petrol and sin taxes.   
   >   
   >> if you're rich, you bend the rules and pay a low rate.   
   >   
   > Not even possible for most of the better paid wage slaves.   
   > Those pay a lot more than 20% income tax.   
      
   Nope, once you get really rich you get accountants that fiddle things nicely.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)