XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: CFKinsey@military.org.jp
On Wed, 12 Jun 2019 01:24:38 +0100, Rod Speed wrote:
>
>
> "Commander Kinsey" wrote in message
> news:op.z28s84sjwdg98l@desktop-ga2mpl8.lan...
>> 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,
>
> Yep.
>
>> once you get really rich you get accountants that fiddle things nicely.
>
> We werent discussing the really rich.
We only pay more than 20% on anything we earn over £46,351. That's really
rich buggers, I can't think of anyone earning that much. They can afford
accountants to cheat.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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