XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: rod.speed.aaa@gmail.com   
      
   "Commander Kinsey"  wrote in message   
   news:op.z2954akowdg98l@desktop-ga2mpl8.lan...   
   > 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.   
      
   And that's the bulk of the well paid workforce.   
      
   > That's really rich buggers,   
      
   Wrong, as always.   
      
   > I can't think of anyone earning that much.   
      
   Because you infest a sink estate.   
      
   > They can afford accountants to cheat.   
      
   Bullshit when they are wage slaves and most of them are.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)